WARNING: Most cloud mining websites are merely Ponzi schemes!
Warning: High risk of scams.
- Cloud mining websites often require users to invest with promises of quickly recovering their capital (ranging from 0.2% to 3% per day). Many site owners exploit this to create SCAM projects.
- They propose rapid investments with quick returns. It is highly challenging to distinguish between companies that genuinely operate mining rigs and those merely pretending to run a Ponzi scheme.
- If you've never heard of cryptocurrency, know that it has been around for a long time and is making people talk about it every day. This monetary revolution is decentralized and not controlled by any authority. It is attracting more and more people, such as Japan, which recently allowed Bitcoin payments at over 260,000 stores in the summer of 2017.
- There are many types of cryptocurrencies that can be mined. Examples include: Bitcoin, Ethereum, BitcoinCash, Litecoin...
- Cloud mining, therefore, emerged. Initially, you had to be able to set up a server at home or on other servers (such as Amazon Web Services...).
- As you know, we can "mine" Bitcoin, as well as other cryptocurrencies. The process works quite simply: pre-existing computing resources are used to keep the network running, thanks to the calculations made during the "mining" process.
- This "power" allocation allows transactions of these currencies to be validated. Initially, mining wasn't done on servers; it could be done at home using personal computers with GPU power (graphics cards). These machines run continuously, consuming a lot of electricity and not yielding the best profits.
- Then, we saw more expensive, optimized machines with several graphics cards that were more efficient, with lower power consumption. Cloud mining, therefore, emerged.
- Now, we can use a company that allows us to do so. They have all the necessary equipment, and we simply pay for a power source allocated to us. No more worrying about purchasing and maintaining equipment, or worrying about power consumption, etc. Afterward, you must carefully choose a site and determine the most profitable option to mine!
- Before you start earning profits, you will need to buy Bitcoin or other accepted currencies on cloud mining websites. To buy Bitcoin (BTC), you can use Changelly, Binance, or other exchange platforms...!
To manage other currencies, you can use Trust Wallet, Coinbase, Blockchain...
- It is recommended to use 2FA (two-factor authentication) on your account to enhance security. Also, remember to follow an absolute rule: ONLY INVEST WITHIN YOUR FINANCIAL CAPACITY!