Cloud Mining is a service that allows users to invest in cryptocurrency mining without the need to select, buy, and maintain cryptocurrency mining equipment, which requires a certain degree of technical knowledge. It allows users to purchase mining contracts in which they rent mining equipment for a certain period of time. There are many ways of investing in cryptocurrencies. The most common are to trade them or buy and wait for the price to go up. However, these require a certain degree of research and/or rely on price speculation. Cloud Mining relies on the premise, not that the price will go up, but that the network is stable and that mining conditions will remain favorable. Higher prices attract more miners and increase the difficulty (reducing payments for miners), while a stable network ensures predictable payouts and a foreseeable return on investment. 1
If you want to tell your friends that you are mining crypto and you want to help the network grow then get a mining contract. If you expecting to make a lot of money out of it, you may want to consider another investment or source of revenue. What is Hashflare Copyright Š 2017. All rights reserved | InvestingVilla.Com