Hi there,
I used to be a member of a service that allowed me to basically purchase a rig and it would then do the mining for me. The process wasn't too complicated to set up etc, but I am no longer a member of this company.
I believe this was cloud mining as I didn't have to purchase any hardware etc.
What I would like to know if there are any recommended companies or services that do the same? - I would purchase a rig, maybe starting at the lowest price, link it to my OKX account, wait a month or so for the earnings to go up, transfer the earnings to OKX and then sell them.
I am pretty new to this, so sorry my description or terminology is not quite right!
Could anyone recommend such a service I describe? And one that I can trust? I have seen one called Nicehash if that rings any bells with anyone?
Many thanks!
It is very easy to distinguish a fraudulent service from an honest one, but you must understand how mining works and know the prices.
An honest service costs money for maintenance or it may be in the increased tariff for paying for electricity.
Installing equipment takes time and costs about $ 140 per kilowatt. The owner of the data center should recoup the investment, and not engage in charity.
Reduced tariffs are available for wholesale customers or miners with containers, but this is not your case.
And think about the main question, if cloud services offer you such good conditions with free connection and inexpensive electricity, then why are all the miners not there yet?