Cloud Mining - How to Mine Bitcoin without Equipment

Cloud mining, also known as cloud hashing, is a less risky and faster way to get into bitcoins mining. There are companies that install mining machines in computer centers.They take care of all the technical and material aspects and make available to their customers computing power shares, hashes.

So it's no longer about buying one's own hardware with all the worries that go with it, but simply renting a part of a "super rig" remote.

More concretely, mining bitcoins is done in the form of purchasing mining contracts from these cloud centers.

Before entering into a cloud hashing contract, there are various factors to consider in order to estimate whether the contract will be profitable for you: the hourly rental cost, the difficulty as well as the hashrate of the rig in question and also if the rig is Capable of being competitive with respect to the total hashing power of the bitcoin network.

Once you have determined the approximate number of bitcoins you will receive per hour, multiply that number by the current bitcoin value.

Although cloud mining services offer you to lease mining power on time, others offer mining contracts year-round or even several years.

Most contracts are in dollars but there is no country restriction, and payments are possible by Bitcoin, Bank Transfer, Visa or MasterCard in most cloud mining companies.

To mince bitcoins instantly with the cloud here are four hashing cloud companies at competitive rates.

1. Genesis Mining

Genesis Mining is an easy way to buy HashPower without having to deal with complex hardware and software configuration.

Genesis Mining has a team of mining experts with in-depth knowledge in the field of digital currencies and specializes in building mining platforms that you can rent. A video presentation of the company can be found on the homepage of their website.

This cloud-mining company publishes a real company address, profile of management team members and photos of their mining center, these details are rarely provided by most cloud-mining companies.

Purchase of mining power from 200 GH / s (= 0.2TH / s) for about 30 dollars; You can configure your miner with a click of the mouse to undermine Bitcoin, Ethereum, Dash or Litecoin. Use the coupon code L3sqmt to get a 3% discount on all packages. Once HashPower has been purchased, you will receive daily your crypto-currency generated by mining on your portfolio address provided.

You also have a signed contract that specifies in writing the commitments of each of the parties involved in the mining service exchange (you and Genesis). Possible purchase of cloud mining contracts with visa, MasterCard, bank transfer, Bitcoin, Litecoin, Dogecoin, and Dashcoin. To buy mining with dollar or euros, this is done by bank transfer only. Contracts are 2 years or lifetime (subject to availability).