Cloud Mining ? Tell me About it please
I am wondering what exactly is cloud mining?
IS this more less I can invest into a mining system? but don't have to actually have the hardware in my house? I just handle the controls from a remote location?
more less invest in as a shareholder? or really how does this work? information please
Cloud mining is just way to attract the investors to invest into their mining process. Where in theory when investors make investment then these people should put that money at work by buying more miners, maintenance and electricity cost covering and things like that.
So its kind of supporting money or kind of share holding where XYZ hash rate will be allowed to you and the earning will depend on that. Obviously the hash rates will be costlier than the hardware can mine with, so that they can get their profits first and then share it with you if anything is leftover.
Thats generalised idea behind it and its cloud mining because you just invest it through the online medium but they do the real mining on secrete location etc. So I'm sure that your concept is now clear what it is.
yes so it is generally...but not sure it is so...
I have never attract in my cloudming investors.
My investors have all be paid out with profit.
Now all is for free and you can never say I attract for free...
I even limit maximum attraction...