practicing mining in these times has become an activity that a few can maintain, due to the high costs and maintenance of equipment, together with the payment of associated electricity and the internet services.
that is why this practice has been centralized in few places in the world, where electricity costs are low enough to make mining production profitable.
from these difficulties, mining in the cloud or, as it is known in English, cloud mining arise.
in this post we are going to tell you how with a simple internet connection you can do mining in the cloud.
at the time of writing this post there are hundreds of companies that offer services to mine in the cloud , being the majority of them scammers. so before going into detail how to mine in the cloud, we will list some tips to avoid falling into the hands of scammers.
the first point is to investigate in google what reputation the mining company has. today there are thousand of forums where we can all comment, and comment if we have been scammed by someone.
the second point is to see profitability of the company's site. rest assured that if it offers very high returns it is a ponzi scheme.
start with small amount of money, until you make sure everything is working correctly. in general, cloud mining companies with good reputations in the market have an average annual return of 80%.
below we will develop a step-by-step example of how to do cloud mining. for this case we have chosen genesis mining, since we though it was a serious company, and you can also start with a low amount.
genesis mining has to mine multiple cryptocurrencies, among which are the bitcoin and ethereum. Inaddition, Litecoin, Monero, Dash, Among others, can be mined.
like it and proceed to read the following post.