Beginners Guide to Bitcoin Cloud Mining
Bitcoin mining has been the domain of the computer geeks and programmers until recently with the advent of cloud mining. Because cloud mining requires users to own no Bitcoin mining hardware or have any Bitcoin mining technical expertise, it has opened up the overall Bitcoin mining pool to include more average Bitcoin enthusiasts, particularly the nontechnically oriented variety. Thanks to cloud mining, more people than ever are finding Bitcoin mining worth it for their bottom line. Bitcoin cloud mining is so easy anyone can do it, making Bitcoin mining for beginners not only possible, but common. However, there are a few important considerations to understand before jumping in. This Bitcoin mining guide will explain what they are.
Cloud Bitcoin mining explained
The main difference between traditional Bitcoin mining and cloud mining lies in who houses and maintains the Bitcoin mining hardware. With traditional Bitcoin mining, the user buys, sets up and maintains the Bitcoin mining rigs. This requires extensive technical knowledge as well as adequate ventilation for cooling and will result in an increase in electricity costs. On the other hand, with Bitcoin cloud mining, the Bitcoin mining rigs are housed and maintained in a facility owned by the Bitcoin mining company. The customer simply needs to register an account and purchase Bitcoin mining contracts or shares. These Bitcoin mining contracts immediately start mining Bitcoin which is paid out to the user on a regular basis. The user does not have to concern himself with ordering, setting up or maintaining Bitcoin mining hardware. Nor is the user required to make a big up front Bitcoin mining investment. For as little as fifty dollars, he can begin cloud mining. From that point on the Bitcoin mining hardware housed at the Bitcoin mining company will do the work.