Cloud mining: top-5 reasons to earn money from it

Written by Anna Komashko
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Investing reporter
ECOS community manager...
< 1   min.
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This is really the right time to start investing in cryptocurrencies because Bitcoin is still the most popular cryptocurrency.

But some still think that Bitcoin is an asset only for those who like to take risks and win. But there is a way to get a stable high income by investing in Bitcoin. Interesting, huh?

Cloud mining!

This is the lease of mining capacity from the provider to the investor. The provider assumes responsibility for the purchase, placement, maintenance of equipment, its timely renewal and uninterrupted supply of electricity. The result of mining is the mined cryptocurrency, which the provider transfers to the client’s crypto wallet minus the commission for their services.

The more power you rent, the more coins the equipment mines. Accordingly, your income also increases, because coins can be sold profitably, especially if the cost of Bitcoin has been growing all this time.

Why is cloud mining the best way to generate passive income?

✅ Simplicity. With cloud mining, all you have to do is choose a contract that suits your risk profile, and you are on your way to making a profit.
✅ Flexibility. Cloud mining investments offer you different contracts, so you can choose the right contract by expiration date, investment size, risk profile, and even the expected Bitcoin price.
✅ Economy. Thanks to it, you don’t have to spend money on buying, maintaining and upgrading equipment, paying for electricity and renting space.
✅ Reliability. By investing in cloud mining, you are sure that the data center is regularly serviced and the equipment is frequently updated to reduce the likelihood of its breakdown.
✅ Legality. Some providers are officially registered. Most often they are located in countries with a positive attitude towards cryptocurrencies or in special zones. Because of this, they are very reliable and save you from legal risks.

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