Cloud Mining: A New Passive Income Strategy

user avatar

by Giorgi Kostiuk

2 years 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.

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