Mining is hard. |
Are these companies real? |
Taking care of and maintaining a bitcoin miner is a lot of work. You need infrastructure, cheap electricity, a cooling system, and the ability to tolerate how loud they can be. Why not let someone else take care of all the hard work instead?
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There are a lot of "cloud mining" companies out there. Most of them are scams. They claim to be mining for you, but instead, they pay you with other investor's deposits. The companies listed on fr33bits are legitimate.
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Why don't they mine for themselves?While some mining for their gain is certainly taking place, when their equipment gets leased out to a customer, they receive quicker return on investment for that miner.
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What if I don't have money to invest? |
Eobot is a US based company that has been around for years. They are a faucet, an exchange, and a cloud mining service. Their site is a little hard to navigate until you get the hang of it. Do not fret! Follow these steps to get started:
1. Head on over to their their site and create an account. 2. Fill out the instructions, tap the sign-up button, and confirm your email. 3. You're in! Above the bitcoin option, click the "Mining" box. 4. Choose the last option, GHS 4.0. 5. Hover over the "products" tab on the right side of the page. 6. Choose the "faucet" option. 7. Wait until the captcha appears. Fill it out and tap "Get Faucet Reward." 8. Complete this every day for more and more cloud mining power. |
Hashnest is a cloud mining provider sponsored by Bitmain. They are a Chinese based company that have been in the game since 2013. They released their cloud mining platform a year later and have been around since. The best part about Hashnest is you can sell the cloud mining power you bought back into the market at any time. The hashpower you buy will mine until it is no longer profitable. Sign up here.
HashflareHashflare.io is an Estonian based mining company that has been around since 2013. They released their cloud mining platform in the beginning of 2015. They have daily payouts and the option to automatically reinvest your earnings. Unlike Hashnest, their contracts only last one year. However, it is less expensive to start mining on Hashflare (only 15 cents a gigahash). Sign up here.
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