• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cloud Mining: A New Passive Income Strategy

user avatar

by Giorgi Kostiuk

a year ago


Cloud mining offers users the opportunity to mine cryptocurrencies without the need for hardware investment, allowing participation through leased computational power from providers.

What is Cloud Mining?

Cloud mining enables remote cryptocurrency mining by renting computational power. It primarily involves hosted mining and leased hash power.

How to Participate in Cloud Mining?

To participate in cloud mining, one must choose a company, select a mining package, pick a mining pool, pay for services, and start mining. Rewards are shared based on the leased computational power.

Is Sup Miner Trustworthy?

Several factors suggest Sup Miner might be unreliable. Their website promises high fixed returns, lacks detailed company information, and overemphasizes their affiliate program.

While cloud mining can be a passive income strategy, it's crucial to vet companies carefully and avoid potential scams. Reliable companies like BitDeer are more transparent and realistic in their promises.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Shows Moderate Resilience Despite Recent Market Volatility

chest

Bitcoin has shown moderate resilience, climbing over 16% to trade around $70,000, despite significant losses in the past week and month.

user avatarAndrew Smith

US Snowstorm Leads to Major Decline in Bitcoin Hashrate

chest

A recent snowstorm in the US has caused a significant drop in the Bitcoin Hashrate, with American miners reducing their electricity consumption to ease pressure on the power grid.

user avatarAyman Ben Youssef

Analyst Discusses Changes in Crypto Market Cycles

chest

Analyst Altcoin Sherpa discusses the evolving cycles of the cryptocurrency market, highlighting a shift to hyper-accelerated trends and advising investors to capitalize on shorter rallies.

user avatarTando Nkube

Bitget CEO Predicts Growth in Real-World Asset Sector

chest

Gracy Chen, CEO of Bitget, predicts significant growth in the Real-World Asset sector by 2030, while expressing skepticism about the future of altcoin seasons.

user avatarJacob Williams

Emerging Inverted Altcoin Season Observed

chest

Market analyst Ali Martinez indicates a new 'inverted altcoin season' in the cryptocurrency market, marked by structural breakdowns of altcoins instead of traditional rallies.

user avatarZainab Kamara

Bitcoin Mining Difficulty Expected to Drop by 13% Due to Hashrate Disruption

chest

Bitcoin mining Difficulty is expected to decrease by 13% on February 6th due to disruptions from a recent snowstorm in the US.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.