As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. Many people who used to use their own hardware to mine cryptocurrencies now find that this practice is unsustainable due to high electricity bills and wear and tear on the hardware. Therefore, cloud mining has become an attractive option.
What is Cloud Mining?
Cloud mining is a mechanism that utilizes rented cloud computing power to mine cryptocurrencies such as Bitcoin, without the need to install and run hardware and related software directly. Cloud mining companies allow people to open an account and participate in the cryptocurrency mining process remotely for a basic cost, making mining accessible to more people around the world. Since this form of mining is done via the cloud, issues such as equipment maintenance or direct energy costs are reduced. All in all, if you want a truly hands-free investing experience, cloud mining is the way to go.
How to get started with cloud mining?
Keen to try cloud mining? Here are the basic steps you need to follow before you get started.
Step 1: Choose a Cloud Mining Provider
Simple Miner is a popular and powerful cryptocurrency mining platform that is an excellent resource for earning passive cryptocurrency income. The platform is one of the world’s leading mining companies and your trusted partner. To take it to the next level, Simple Miner has launched a free Bitcoin mining program that lets you passively earn Bitcoins. They promise to open Bitcoin mining to everyone, regardless of technical knowledge or financial resources, with no strings attached. Once you have mined 10 USDT worth of Bitcoins, you can transfer them to your account and trade them. Any profits you make are yours and you can withdraw them to your personal wallet.
Advantages of this platform:
Sign up and get an instant $10 bonus.
High profitability levels and daily payouts.
There are no additional service or administrative fees.
Users can generate more than 5 other currencies using the platform.
The company’s affiliate program allows you to refer friends and earn up to a 3% referral bonus.
Backed by a 100% uptime guarantee and outstanding 24/7 technical support.
Step 2: Sign up for an account
We chose Simple Miner as our cloud mining provider.Go to the provider of your choice and sign up to create a new account. Simple Miners offers a simple registration process, all that is required to participate is to enter your email address and create an account. After signing up, users can start mining Bitcoin immediately.
Step 3: Purchase a mining contract
Currently, Simple Miners also offers various mining contract options, such as $10, $500, and $1,000 packages. Each has a unique ROI and specific contract length.
You will unlock more passive income when participating in the following contracts:
Earn earnings the day after purchasing a contract. When your earnings reach $100, you can choose to withdraw to your crypto wallet or continue purchasing other contracts
Affiliate Program
Now, Simple Miner is also launching an affiliate program, a platform that allows you to earn money by recommending your website to others. You can start making money even if you don’t invest. After the number of people who invite active referrals reaches a certain number, it is not a dream to receive $100 at any time every day. With unlimited referrals, your earning potential is also unlimited!
Conclusion
If you are looking for ways to increase your passive income, cloud mining is a great way to do it. If used correctly, these opportunities can help you grow your cryptocurrency wealth on “autopilot” mode with minimal time investment. At the very least, they should take less time than any kind of active transaction. Passive income is the goal of every investor and trader, and with Simple Miner you can maximize your passive income potential easier than ever.
If you want to know more about Simple Miner, please visit its official website https://www.simpleminers.com
