You might have contemplated getting into cryptocurrency mining but are concerned that you don’t have the technical skills, time or money to invest in the field. Cloud mining eliminates these problems and lets you benefit from joining forces with a large operation.
Cloud mining is a way to generate cryptocurrency that doesn’t require buying any expensive equipment, or setting up the infrastructure needed for it. All you have to do is find a provider that you trust and buy a contract from them, which is in essence renting hash power in a dedicated facility. The Bitcoin.com Pool is one such provider, focusing on bitcoin cash (BCH) and employing one of the largest mining data centers in North America. The service also offers BTC cloud mining options and if you already have your own mining hardware you can connect it to the pool as well.
The Bitcoin.com Pool offers a selection of contract lengths, starting from just one month and running up to three years. This latter plan is currently sold out but there is a waiting that applicants can join. The service also includes an app for Android and iOS mobile devices, so you can keep track of earnings, hashrate, and other statistics related to your contracts right on your phone.
What do you think about cloud mining bitcoin cash? Share your thoughts in the comments section below.
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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.