Can someone explain the cloud mining on Bitcoin and what it is they need the people for. Is it to offset costs or does it use the contractors cpu power to speed the process? Or am I missing something completely. Like Hashnet etc...

Thanks, Bryan

Amazing reception, thank you all for jumping in with so much information. It is a lot to take in and I am taking steps to make sure I do it properly. I spent the day reading about block mining alone and if you really get beneath the currency there is a ton to learn. I will check out all that you have suggested and look forward to being a member here.

Much appreciated, Bryan

I spent the whole weekend researching and looking into mining, blocks, and hash etc..... A whole lot to learn for someone who isn't familiar with how it works and stays secure. Now I am in the spot where I am learning how to find sites for free micro transactions. I however would like to know if someone would let me see if my Coinbase account is setup right and I used the right wallet vs private vs vault id. Even if you send a penny worth of BTC I just want to see I have it set up right before I move forward.

Also anyone with any advice for a new starting bitcoin enthusiast please feel free to contact. I have not checked out LTC to any others yet so any thoughts on those would be welcome.

Many thanks in advance.
Bryan