04.03.2024

How can you mine Bitcoin without buying mining equipment?

The cryptocurrency market has flourished in the past few months with Bitcoin hitting an all-time high of $ 61,000, which in turn boosted the demand for BTC mining. However, cryptocurrency mining remains inaccessible to most investors due to the cost of mining equipment and electricity costs.

In an effort to empower everyone to mine Bitcoins and other Proof of Work (PoW) coins, the Miner Plus platform offers a cloud mining service that enables cost-effective “pooled mining”. The platform also pays out daily rewards.

Cloud mining is the process of mining cryptocurrency using a remote data center with total processing power.

Miner Plus allows users to mine Bitcoin and PoW altcoins without any hardware management issues. The Las Vegas-based firm currently provides cloud mining services for Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), and Decred (DCR).

Unlike managing your own mining equipment, cloud mining offers users several advantages, such as low electricity costs, reduced costs of running a mining farm, no excessive heating, and you do not need to wait for late deliveries of mining equipment due to production queues.

According to Miner Plus, mining rigs are hosted and maintained at a facility owned by the company, the customer simply needs to register and purchase mining contracts. The service combines SSL encryption and tiered cold storage for high security. In addition, they provide daily payouts, use the latest ASIC / GPU miners, and provide high performance for users.

Founded in 2015, Miner Plus boasts of being one of the earliest cloud mining companies for cryptocurrencies, with 120,000 clients already at the time of this writing. The company has integrated HashNest, a cloud mining marketplace, allowing users to create lifelong cloud mining contracts – an advantage for users looking to mine in the long run.

Miner Plus also has short term cloud mining contracts for those who also want to mine for a day, 7 days, 12 days and 17 days. Bitcoin hashrate for 1 day is charged at $ 50 with a 10% fixed rate, a 12-day hash rate is charged at $ 500 at a fixed rate of 12.4% over the period, and for a 17-day hashrate at $ 800 The USA provided a fixed rate of return of 18.15%. You can calculate the expected profitability using the mining calculator, which gives a rough estimate of the expected profit from mining the available cryptocurrencies.

Users can start making money on the platform by following a simple 3 step signup process to start earning daily payouts.

By inviting friends to join cryptocurrency mining, Miner Plus gives the user the opportunity to receive passive income through referral commissions. Users can earn up to 2% commission on payments of their referrals.

As cryptocurrency takes over the world, cloud mining could be a gateway for new miners, providing access to an investment adventure that was once only available to people with a lot of capital and technical knowledge.

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