What is Bitcoin Cloud Mining?
Cloud mining is the process of buying CPU/Hash power from dedicated data centers who use their own Bitcoin mining equipment to mine Cryptocurrencies such as Bitcoin (BTC) on your behalf.
Why Use Bitcoin Cloud Mining?
The main reason why so many people now use cloud mining to mine Bitcoin and other Cryptocurrencies is because you don’t need to understand or have an in-depth knowledge of mining hardware, nor do you have to buy expensive physical equipment to mine Bitcoin. Cloud mining online allows you to rent hash power from an an established Bitcoin mining organization who already has the Bitcoin mining equipment setup. This also means you don’t have to worry about excessive heat and noise that comes with running the Bitcoin mining equipment yourself such as a DIY mining project.
Many Bitcoin cloud mining companies source their own mining equipment or built it very cheaply and have gone ahead by placing their data centers in countries with cheap electricity. This gives them a low cost for overheads and allows them to mine Bitcoin at huge profit margins in countries such as Iceland and China.
In this article we show you the top 5 best Bitcoin cloud mining websites online that allow you to mine Bitcoin online with cloud mining companies.
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