What is cloud mining? How to choose the cloud mining platform that suits you?

Anyone who understands cryptocurrency mining may have heard of cloud mining. This mining mode can help ordinary people who do not understand blockchain mining, and can also join the ranks of cryptocurrency mining. How should we choose a cloud mining platform that suits us?

What is cloud mining?

There are many ways to earn bitcoins, but most people will probably consider mining bitcoins to obtain bitcoins. There are also many ways to mine bitcoins: buying hardware equipment to build a network mining by yourself; renting other people's hardware equipment for mining; and the easiest way is to buy a bitcoin cloud mining package for mining.

Bitcoin cloud mining is actually buying the right to use other people's hardware equipment to mine Bitcoin. You don't own the hardware, but you can use the mining service provider's hardware to get the hashrate needed for mining.

For investors who just want to participate in Bitcoin mining, mining actually has a certain threshold, which requires high-cost hardware, electricity costs and maintenance. As long as there are enough US dollars, it is not difficult to achieve this. , but compared with professional mining service providers, the cost of input will be higher, and the relative profit will be less.

Large-scale mining service providers, through large-scale purchase and sale of hardware, centralized management, low-cost power resources, and systematic management, the cost advantage caused by the scale effect is more obvious, which can greatly increase the mining revenue. Ordinary mining investors, if they mine Bitcoin through Bitcoin cloud mining, although they need to pay a certain management fee, the investment in time and money will be much lower than self-mining.

Therefore, for a small number of people who try to mine, it is a more worry-free and labor-saving choice to obtain bitcoin through bitcoin cloud mining.

How does LLGO mine Bitcoin?

LLGO platform is a professional mining company. At present, there are cloud mining products in various currencies on the LLGO platform, which can be paid monthly or annually. Investors can flexibly choose the products they need according to their needs. Of course, you can also choose to mine Bitcoin cloud mining.

If you want to participate in Bitcoin cloud mining, you only need to register an account on the LLGO platform, sign a mining contract with LLGO, and wait for the mining machine to mine, you can get Bitcoin. Your mining income or expenditure is sent to the account every day, you can check your balance, and you can sell your mined bitcoins for US dollars.

Now on the LLGO platform, the lowest bitcoin cloud mining package is only $11. If you want to participate in Bitcoin cloud mining, please contact LLGO.

Frequently Asked Questions:

Q1:What is hashing24 cloud mining?

A1:Hashing24 is also a cloud mining platform. Its headquarter is located in Ireland. hashing24 cloud mining does not have a recommendation reward mechanism. hashing24 cloud mining says that it will directly return the saved funds as income to users.

Unfortunately, hashing24 cloud mining does not provide services to US residents. On the other hand, we can also find that hashing24 cloud mining costs much more than LLGO cloud mining. Therefore, for US miners, LLGO cloud mining may be a better choice than hashing24 cloud mining.

Q2:Is hashing24 cloud mining legal?

A2:Different countries and regions have different policies. If the region prohibits participation in cryptocurrency mining, then hashing24 cloud mining is illegal, and vice versa. It should be noted that hashing24 cloud mining does not provide services to US residents.

Q3:Can Bitcoin cloud mining still make money?

A3:Due to the current decline in the price of Bitcoin, the cost of Bitcoin mining still exists. On most cloud mining platforms, Bitcoin cloud mining has been difficult to obtain high profits. But mining investors can consult LLGO, and there may be different answers.

Q4:Can I mine bitcoins on the cloud?

A4:Of course you can, but in fact the so-called cloud mining is just renting a part of the computing power of the hardware. Some false cloud mining platforms are actually Ponzi schemes. They do not actually mine, but only provide users with a bunch of false data. Therefore, before choosing a cloud mining platform, you must pay attention to the screening. Only a cloud mining platform with real hardware and mines can have credibility.

Q5:How does Bitcoin cloud mining work?

A5:In cloud mining, third-party providers rent computing power to miners, which means that miners do not need to invest in their own resources, purchase mining machines, set up networks, and configure systems to participate in Bitcoin mining. All the work is done by a third-party mining service provider, and users only need to pay a certain rental fee.