• 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

China Boosts Oil Imports from Russia as India Shifts Focus

chest

China has significantly increased its oil imports from Russia after India ceased procurement under a US trade deal.

user avatarMiguel Rodriguez

Strategy's Bitcoin Accumulation Continues Despite Market Fluctuations

chest

Strategy has been consistently adding to its Bitcoin holdings for 12 weeks, despite market fluctuations.

user avatarLuis Flores

Fraudulent Letters Target Crypto Hardware Wallet Owners

chest

Crypto hardware wallet users are receiving fake letters impersonating Trezor and Ledger, designed to steal digital assets.

user avatarArif Mukhtar

Claver Defends His XRP Predictions Amid Criticism

chest

Jake Claver defends his strong beliefs about XRP's future despite criticism regarding his previous predictions.

user avatarMaria Gutierrez

Zashi Mobile Wallet Rebrands to Zodl Amid Governance Changes

chest

The Zashi mobile wallet is rebranding to Zodl as its developers operate outside the Electric Coin Company structure.

user avatarDavid Robinson

BRICS Payment System Enters Operational Phase

chest

The BRICS payment system is now operational, connecting central banks from China, India, Egypt, and the UAE through a Brazil-backed network.

user avatarAndrew Smith

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.