Cryptocurrency mining without expensive equipment

Cryptocurrency mining without expensive equipment
Since digital currencies have penetrated in the mainstream, mine has been a hot topic for everyone.
In order to be profitable, it can also be very cost-intensive, and the preliminary paying costs for setting up one or more mining rigs can be quite high and easily go to tens of thousands.
In the industry there is a concept called Cloud Mining, in which it is possible to use rented cloud computing performance without having to install hardware and the entire associated software. Gbitcoins is a company that offers different options to those who want to get involved, so let's take a look at it.
What is Cloud? Mining?
As mentioned above, Cloud Mining offers an option for those who do not want to spend a lot of money on expensive hardware and all associated equipment, but want to use rented cloud data performance.
Especially companies such as Gbitcoins enable people to take part in the mining for a certain fee from afar. This makes the mining theoretically more accessible for a larger group of people, regardless of their location, provided they have internet access.
This is the main advantage of the cloud mining. Users do not have to worry about excessive heat, cooling problems, fan noises and the like. You also don't have to worry about the economic aspects of calculating profit tension etc..
Of course there are also some disadvantages. The first and most important reason is that users put their trust and funds into a centralized unit, which, in the opinion of some, contradicts the advantages of decentralization.
What are Gbitcoins?
Gbitcoins is a cloud mining company. According to the official website, the Cleveland company operates and is one of the first companies that offer cloud mining services.
On the official website, it also says that they were founded in 2016 and currently operate five different mining farms around the world. The farms are operated with renewable energy, which partly includes solar and wind energy in order to reduce the costs for mining and at the same time integrate the remaining current into the network.
The company announces that it is planning to expand its business and to serve users around the world. They offer a number of different packages, and users can choose whether you want to chop various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin etc. in the cloud. The return also varies depending on the chosen cryptocurrency, contract and term.
The minimum and maximum purchase amount also varies for each individual contract. It is also important to note that there is a minimum amount, can deposit or withdraw users. This is currently $ 100. The company accepts payments in various cryptocurrencies.
Liability exclusion: The above article is sponsored content. There are no opinions or views of cryptopotato again and nothing in it should be interpreted as financial advice. The readers are strongly recommended to check the information independently and carefully. Investments in cryptocurrencies cover the risk of capital loss. The readers are also recommended to consult a specialist before making decisions that may be based on the above -mentioned sponsored content or not.
The reader is also recommended to read the complete disclaimer of Cryptopotato.