Cryptocurrency mining has been a hot topic for everyone ever since digital currencies ventured into the mainstream.
However, to be profitable, it can also be very cost-heavy, and the upfront expenses of setting up a mining rig, or multiple mining rigs, can be quite high and easily go into the tens of thousands.
There’s a concept within the industry known as cloud mining where it’s possible to use rented cloud computing power without the need to install hardware and all the associated software. GBitcoins is a company that’s offering various options for those who want to get involved, so let’s have a look.
What is Cloud Mining?
As mentioned above, cloud mining provides an option for those who don’t want to spend a lot of funds on expensive hardware and all the associated equipment to rely on rented cloud computing power.
In essence, firms such as GBitcoins allow people to participate in mining remotely for a certain cost. This, in theory, does make mining more accessible to a w
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