MAXIMISING PROFIT FROM CLOUD MINING WITH RENTAMINER
Out of the numerous ways of investing in the blockchain industry, crypto-mining is considered a tough ring because it is largely competitive, and many assume it requires technical knowledge and access to sophisticated mining equipment. This was the case in its early days when Bitcoin miners had to set up huge hardware equipment that consumes a lot of electricity for mining. Today, the crypto-mining industry has evolved a great deal to be more convenient and accessible through cloud mining companies like RENTAMINER who provide remote mining services, and offer huge returns to investors.
Cryptocurrency mining is the use of computer hardware to perform computational work that is necessary to secure the operation of a blockchain. During the mining process, miners compete with each other to solve complex mathematical puzzles where the winner gets to add a new block to the chain for a reward. Their success rate depends on the efficiency of their mining rigs and the first set of miners used their home computers for such tasks.
As the blockchain community grew, the need for mining services increased, and mining became more difficult requiring more powerful computational power that could no longer be powered by individuals. Crypto mining uses application-specific integrated circuits (ASICs) and a top-of-the-line miner can cost anywhere between $1,000 and $3,000. Hence, miners began to join forces to create mining pools. The mining rigs became more expensive to manage because they consumed high electricity and generated a lot of heat which needed constant cooling and a lot of companies sprang up to offer remote mining services — Cloud Mining.
How does Cloud Mining Work?
Companies set up mining pools with huge computational power, usually in locations with cheap electricity and cold weather to reduce mining cost. Once set up is ready, they begin mining cryptocurrencies and then offer to rent out their hash power to customers with the use of smart contracts. These customers make use of the mining power by proxy for a specific period of time and earn in cryptocurrencies. Cloud mining does not require technical know-how because cloud mining companies have already set in place the necessary computational processes. A remote customer only needs to choose a mining contract, pay for it and begin to earn as stated in the contract.
Choosing a crypto mining provider in 2021
Yes, crypto mining is still highly profitable even now that it has been made more convenient with third-party companies doing the dirty work. However, before committing resources, investors need to research and choose the most reliable and transparent crypto-mining pool. The major attraction for mining companies is usually low fees, high rewards offered, and investment period.
Rentaminer is one of the leading hash power providers today with a longstanding reputation as it is among the earliest companies to provide cloud mining services with over 300,000 active users. It is currently the highest yielding cloud mining platform that offers investors an unprecedented percentage in returns at the shortest possible time. With mining data Centers located in China, Russia & Sichuan, Rentaminer offers reliable and convenient services at low cost. It a multi-coin cloud mining service that currently supports 254 mineable cryptocurrencies which include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS, NEM, Ripple (XRP), Dash, Litecoin (LTC), etc.
Rentaminer runs on unique proprietary software that explores different blockchains to optimise the mining resources for the greatest returns. This game-changing invention is by far superior to both Scrypt and SHA 256 algorithms that are commonly used by other mining companies.
The cryptospace is currently experiencing a boom and 2021 looks to be the year for unprecedented returns for crypto investors. Rentaminer is seizing this opportunity to offer discounted rates on cloud mining contracts. With regards to efficiency, mining is done with the most advanced technology that is very fast, runs on cheap electricity, and ensures reward is disbursed within 24 hours. This is unlike many cloud mining contracts that are usually long-term plans. With as low as $7, users can invest and begin to cash out within 24 hours and trade the coins easily on the associated exchange platform.
Crypto mining is a fun hobby that is quite profitable and has been made easy by cloud mining services. Give it a try today and sign up on Rentaminer for a lofty experience.