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As the popularity of cryptocurrencies grows, so does their price. And this means that there are more and more people who want to mine cryptocurrency almost every day. Competition between miners is growing at a rapid pace, making independent mining of cryptocurrencies economically unprofitable.
In order to mine cryptocurrency using the PoW mining algorithm, large computing power is required. You need to buy expensive equipment and spend a lot of electricity in order to have an advantage in the competitive struggle of miners.
As the complexity of mining cryptocurrencies and increased competition between miners, the popularity of cloud services is growing.
In fact, cloud servers have become a solution to the problem of mining digital assets for many miners and have allowed them to successfully earn funds.
Cloud mining services have become a fashionable trend in 2021. But every fashion trend has a downside. A huge number of scammers have appeared who only disguise themselves as a cloud service.
In fact, these are ordinary pyramids that do not provide any real services, just as they do not offer any products. They pay old users exclusively at the expense of deposits of new investors.
Naturally, such pyramids do not live for a long time. Therefore, the choice of a platform for cloud mining must be approached very responsibly so as not to invest money in scammers in order to lose them as a result.
So why do people go to the pyramids, because of which users are so easily deceived?
It’s all about the conditions. Ponzi schemes usually offer conditions that honest cloud services cannot offer.
Users compare the terms offered by different cloud platforms and choose those platforms that offer the best terms, regardless of other characteristics and data.
For this reason, people often invest their money in pyramid schemes and lose it quickly.
Remember that no real cloud platform can have a payback period of 1-3 months for your investment, but a pyramid scheme can.
The average payback period for cloud platforms is 6-9 months. Therefore, it is not surprising that people often invest in pyramid schemes and then lose them.
The most popular and reliable cloud mining services
Binance – https://pool.binance.com/en
The Binance pool allows its users to earn even more mining income.
The pool has high liquidity, has a large number of miners. Because of this, miners have advantages in mining and get better conditions.
However, the main feature of the pool is that it is integrated into the operation of the entire exchange.
And this means that miners have maximum opportunities when exchanging the mined cryptocurrency and can change it on the best terms for themselves.
Or they may not change immediately, but wait for the most favorable course for themselves. The exchange is reliable, which gives users of the platform even more options.
The possibility of mining more than 20 coins.
Mining fee – 2.5%.
Hashing24 — https://hashing24.com/
In Russia, this cloud service is not available. You have to use VPN.
A proven cloud mining platform that specializes in bitcoin mining, making bitcoin mining accessible to all people, regardless of where they live.
The purpose of the platform is to popularize bitcoin mining. Although at the moment the platform is not available in Russia.
Cryptouniverse — https://cryptouniverse.io/ru
A popular platform in Russia, which has more than 18,000 miners, and therefore has good liquidity and stability.
The platform offers mining on rented equipment, which is much cheaper and easier than buying your own mining equipment.
Low entry threshold, a large selection of tariffs, the ability to receive and withdraw profits every day.
OKX Pool – https://www.okx.com/ru/pool
Leading mining pool from a popular exchange with 10 assets and daily payouts.
Just like Binance, the OKX pool is integrated into the OKX exchange. And this means that miners can exchange all mined assets at the best price for exchanges or store them, waiting for the right time when the price of the asset rises, since the exchange is safe.
Nicehash — https://www.nicehash.com/
A very popular cloud mining platform that works like an exchange, allowing some users to sell their computing power and other users to buy it.
Thus, the platform connects sellers and buyers, allowing people to independently find the most favorable conditions for themselves.
Minergate — https://minergate.com/
Like many cloud mining services, the Minergate platform is not available in Russia. Therefore, if you want to use this service, you need to enable VPN.
The platform allows you to mine multiple coins at the same time. You can mine 15 different cryptocurrencies.
Despite the huge number of cloud mining services, this list is quite short. The fact is that here we have presented the most popular and stable platforms for cloud mining.
Thanks to these platforms, cloud mining has become simple and accessible to everyone. Users can also mine different coins.
However, be extremely careful when choosing a platform for cloud mining, as they are constantly changing so as not to run into scammers.
Remember that scammers usually offer the best and most attractive conditions.
#Cryptocurrency #Cloud #Mining #Platforms