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Cloud mining, blockchain, cryptocurrency, mining.

Molly Jacqueline954 21-Nov-2018

 Electricity costs

Simple and easy;  this Review Cloud mining does not apply as such in cloud mining as the machines are decentralized. Be careful, however, because some companies pass some of these costs on to users. 

Cloud mining, blockchain, cryptocurrency, mining.

3. Factors related to cryptocurrency

Cloud mining, blockchain, cryptocurrency, mining.

The price of the cryptocurrency you choose to mine as well as its mining difficulty are factors that also influence the amount you will receive. Simulators generally calculate these factors according to their own method.

4. Other fees of the platform

Cloud mining, blockchain, cryptocurrency, mining.

Attention, each cloud mining site has its particularities and small additional costs. So be sure to make sure you have read all the fine print before you start. Genesis, the most reliable platform at the moment, for example, applies a daily maintenance fee.

5. Third party fees

Cloud mining, blockchain, cryptocurrency, mining.

Depending on what you want to do with your currencies, for example, certain fees will apply if you transfer funds to your electronic wallet or, later, if you want to convert your mined currencies into traditional currencies.

Until recently, I would have told you that there are only two reliable players on the market today: Genesis and Hashflare. Both have been present for a number of years and have a well established reputation. The physical existence of their mining farms is proven which, believe me, is not the case for many others. While the two services were not necessarily unanimous, there was, on the other hand, a near consensus on their respectability. 

Cloud mining, blockchain, cryptocurrency, mining.

Today, I bite my tongue following the sudden cancellation on July 20, 2018 of all Hashflare Bitcoin contracts that led to an outcry. In question, the volatility of cryptocurrency and a clause in the contract that gives this opportunity to the cloud mining company. Additional reason for annoyance, Hashflare had a few days ago strengthened its identification requirements to remove its cryptocurrencies in hard cash and stumbling. Short


Updated 21-Nov-2018

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