What is cloud mining? How to mine bitcoin with cloud mining?

As we all know that new bitcoins are produced through mining.The Bitcoin network produces  Bitcoin per mined block, and there is a new block rewarded to one miner on the network every 10 minutes (on average).

Mining is not that easy. There is a need for quality equipment,but also considering factors such as mining machine transportation, hosting, maintenance, noise, power outages and other factors. Improper handling will reduce investment returns and may even fail. So a simpler way of mining was born, that is cloud mining.

Is there such a thing as cloud mining? What is Bitcoin cloud mining?

With cloud mining you can rent mining equipment from a company that will give you back the profits from your rented mining rigs.

You do not need to deal with the electricity costs, cooling down the miners or storing them, all you need to do is send out a periodical payment and you are all set. You will no longer worry about the purchase cost, maintenance cost, and depreciation cost of mining machines.

Cloud mining is a new type of Bitcoin mining method. Its advantage is that it lowers the threshold for Bitcoin mining, allowing more investors to participate and obtain higher yields.

Is it possible to mine Bitcoin in the cloud?

The payback period of cloud mining may be longer than the direct purchase of Bitcoin, but as long as the cost is reasonable and the platform is reliable, cloud mining can obtain a healthier and richer investment return.

For users, cloud mining eliminates the tedious steps of mining farms, mining machine settings, mining noise and other tedious steps brought about by their own mining. At the same time, compared with home mining, users may be able to pay less electricity and maintenance costs. expenses.

Take LLGO as an example. Through LLGO, after users register and log in, they can directly select the cloud mining contract according to their own needs, and purchase is mining. There is no need to research mining machines, mining pool service providers, and computer parameter settings, which reduces energy and time costs.

Are there cloud mining apps that are free?

Barely there is. You can try free bitcoin mining software, such as LLGO, new registered users can get a small amount of computing power for free to mine bitcoin.