Bitcoin cloud mining has become increasingly popular in recent times but many people are still wary about cloud mining and to a certain extent, rightly so. However, in the last couple of years, bitcoin cloud mining has taken off, with more and more people getting involved. Read on to find out why you should consider getting involved in Powerhouse Network mining!
If you are in a hurry and want to get down to it, here is the link that will take you to Powerhouse Network mining. I consider this program to be the one of the few worth joining.
What is Bitcoin Cloud Mining?
Bitcoin cloud mining, sometimes known as cloud hashing, lets people do mining by buying capacity using hardware in data centres.
The problem with trying to earn Bitcoin by mining is all the hardware, software, electricity, bandwidth and everything else. On the other hand, cloud mining allows people to earn Bitcoin without any real-world issues. They do this by buying hashpower, usually for ‘life’, from whichever company they choose. Then all the Bitcoin cloud mining is done in the er…cloud, not surprisingly.
A quick not on lifetime mining contracts. When companies say ‘lifetime’ contracts, they do not mean YOUR lifetime. They mean the lifetime of the contract for as long as the contract is profitable. The moment it is no longer profitable, it will be cancelled.
What this means is that the people who have bought the cloud mining contracts, you and me, are able to earn bitcoin without having to deal with any of the problems with buying bitcoin mining software, such as hard drives, software, electricity bills, over-heating equipment, installing everything or upkeep trouble.
There are many more Bitcoin cloud mining operators now than there used to be. In fact, many of them are complete scam sites, so you need to be very careful when you are considering investing. Always remember to do your due diligence. You have absolutely no investor protection when it comes to bitcoin mining.
Anyway, I am going to concentrate on the one I consider to be the best and what looks like the most promising.
PowerHouse Network Mining
This used to be a program that I thought wouldn’t last long but the more I see of it, the more I am impressed. The website used to be a bit crap, to be honest, and it had a feel of being a bit temporary. However, this is no longer the case.
Powerhouse Network mining is a fairly new program; I am editing this in November, ’17. However, they recently released their own coin called Polaris, so they certainly seem to be taking the future very seriously.
When I first wrote about Powerhouse Network, it was mining Ethereum, which many people consider to be Bitcoin 2.0. Sadly, Ethereum mining didn’t work out, although I am still earning from my Ethereum mining contracts.
Not A Get Rich Quick Scheme
PowerHouse Mining is a slow burner. The normal rates of earnings are about 8-9% a month, which is great considering what you get from the banks, but it is tiny compared to the 10% a day other so-called mining companies claim you can earn. Obviously, you don’t want to go anywhere near those programs.
The reason why Bitcoin cloud mining programs like Powerhouse Network mining are so good is that they are companies that have a much better chance of being genuine. Programs that pay 10% daily might be very nice in the short term, but they are not programs that you can plan your future on.
Having said that, that does not mean that companies that ‘only’ pay rates like Powerhouse Network must be honest, You still need to do your due diligence.
This is why, if you want to be serious about cloud mining, you need to put your hard-earned money into Powerhouse Network mining. I believe it is a good place to start, and you can start mining for just $5!
And that’s about it. Remember! I am a very sad man and spend most of my waking life on Facebook. If you want to ask me anything before you commit, just click this link; I am always happy to help.
Disclaimer: Please be very careful when you are looking into Bitcoin cloud mining programs. Many of them are scams. Contact me on Facebook here if you want me to give you some advice and no matter what, never invest more than you can afford to lose.
I do not claim to be an expert in Bitcoin mining and consider this article to be for information purposes only.
Want to know more about bitcoin? Check out this post.