As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many people who used to mine cryptocurrencies using their own hardware are now finding it unsustainable due to high electricity bills and hardware wear and tear. Therefore, cloud mining has become an attractive option.
What is cloud mining?
Cloud mining is a mechanism that uses rented cloud computing power to mine cryptocurrencies such as Bitcoin, without installing and directly running hardware and related software. Cloud mining companies allow people to open accounts at a basic cost and participate in the cryptocurrency mining process remotely, making mining accessible to more people around the world. Since this form of mining is done through the cloud, issues like equipment maintenance or direct energy costs are reduced. All in all, if you want a truly hands-free investing experience, then cloud mining is for you.
How to start cloud mining?
Keen to try cloud mining? Here are the basic steps you need to follow before getting started.
Step 1: Choose a Bitcoin Provider
CGMD miner is a popular and powerful cryptocurrency mining platform and 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, CGMD miner introduces a free bitcoin mining program that lets you earn bitcoins passively. They promise to open Bitcoin mining to everyone, regardless of technical knowledge or financial resources, with no strings attached. Once you have mined 12 USDT worth of bitcoins, you can transfer them to your account and trade them. Any profit you make is yours and you can withdraw it to your personal wallet.
Advantages of the platform:
Sign up and get your $10 bonus instantly.
High profitability levels and daily payouts.
There are no other service or administrative fees.
Users can generate more than 6 other currencies using the platform.
The company’s affiliate program allows you to refer friends and earn up to $3,000 in referral bonuses.
McAfee® security protection. Cloudflare® Security Protection.Backed by a 100% uptime guarantee and outstanding 24/7technicalsupport.
Step 2: Sign up for an account
In this example, we choose CGMD miner as our cloud mining provider. theGo to the provider of your choice and sign up to create a new account. The CGMD miner offers an easy registration process, all that is required to participate is entering an email address and creating an account. After signing up, users can immediately start mining bitcoins.
Step 3: Purchase a mining contract
Currently, Bitcoin also offers various mining contract options, such as $100, $500, and $1000 packages. Each has a unique ROI and a specific contract period.
You will unlock even more passive income when participating in the following contracts:
Earn income the next day after purchasing a contract. When the income reaches $100, you can choose to withdraw to your encrypted wallet or continue to purchase other contracts
Affiliate program
Now, Bitcoinhas also launched an affiliate program, a platform that allows you to earn money by recommending the website to others. Even if you don’t invest, you can start making money. After inviting a certain number of positive referrals, you will receive a one-time fixed bonus of up to $3,000. With unlimited referrals, your earning potential is unlimited too!
In conclusion
If you are looking for ways to increase your passive income, then cloud mining is a great way to do it. When used correctly, these opportunities can help you grow your crypto wealth on “autopilot” mode with minimal time investment. At the very least, they should take less time than any type of active transaction. Passive income is the goal of every investor and trader, and with CGMD miner you can maximize your passive income potential easier than ever.
If you want to know more about CGMD miner, please visit its official website
Cloud mining
