Focus on bitcoin (BTC) cloud mining

the mining bitcoin (BTC) remains one of the most interesting ways to invest in the long term and future of cryptocurrencies. Although the rewards are gradually declining, some options are still interesting, now we will talk about cloud mining.

The principle of cloud mining

the cloud mining allows you to mine bitcoins and other cryptocurrencies on the Internet through mining contracts signed with mining companies cloud mining and without any mining equipment. Therefore, you will not buy any mining equipment and therefore you will not have to manage or make complex adjustments.

The site or the company of cloud mining has its own mining equipment and servers. So you hired the hashrate or the power of mining, and they will mine for you for profit.

Among the main advantages of cloud mining for investors, we can mention the following:

  • A low initial investment rate. It can start at 100 euros on average.
  • There is no need of highly personal technical skills for system maintenance and control.

We will now take two examples of companies and their services cloud mining.

GMINERS

GMINERS is a global company cloud mining headquarter in London, England. The emerging platform has attracted more than 3000 users so far, and it is the most promising in the field so far.

The company operates three data center parks in Iceland, Kazakhstan and Georgia. Focused on operations cloud mining ethically and ecologically, GMINERS primarily uses green energy technologies in its data centers (such as solar panels and wind power generators).

Let’s look at farm performance cloud mining under GMINERS contracts. By investing $ 5,000 in a one year option, you will get $ 600 as monthly income (with 117926 GH/s). So with a year of cloud mining, you can reach $ 7,200 as easy and stable passive income. The minimum deposit amount is $ 500 here.

With GMiners, users can start mining bitcoin in three easy steps. The first step is to hire a miner at the remote data center, hire hashing power, and purchase a subscription. Regular charges cover hardware services, utility charges, staff salaries, operating costs, or other charges.

source: Gminers

Ecos Mining, a new competitor in Armenia

We have already talked about ECOS in our article about Armenia and its mining capacity.

After contacting the company, we will discuss in more detail about their offers cloud mining. As always, this is not an investment recommendation, just information sharing.

ECOS was established in 2017 in Armenia in the Free Economic Zone. ECOS has over 100,000 users worldwide.

You can easily use a handy mining calculator to estimate mining returns and select the best option for you. ECOS is available in both web and mobile app versions.

In addition to contracts mining and hosting equipment, the company offers cryptocurrency indices in which people can invest. These include the NFT Index, Elon Musk Index, Top 10 Index, DeFi Protocols Index, Metaverse Index, and more. The mobile app also offers a multi-currency cryptocurrency wallet to store and exchange 247 cryptocurrencies.

The ECOS team told us that ” We have sold over 3000 mining devices (asics) over 5 years of activity. We already have over 175,000 active customers and grow 25,000 new customers every month. In the next 6 weeks, we will announce the launch of a new 60 MW mining area. It is also located in the free economic zone and will be an extension of our data center. Two 110 kW transformers will be placed on site. They will provide backup power and 100% availability for uninterrupted operation of the device. The creation of the mining infrastructure began with the Bitmain Antminer S9. Now in the data center is installed the most modern equipment for mining-Bitmain Antminer S 19j Pro »

source: OSCE

They work with clients in Europe, mainly in France, Germany and England as well as in the United States and Canada.

We then discussed the evolution of the price of electricity, to which they replied: “ In conjunction with the launch of the new data center site, we are announcing a special price for Kwh. It will be highly competitive in the market. However, our customers should not worry about the price of electricity, because we sell full service, not the cost per Kwh. We have a service center in our data center, where a separate team monitors and maintains the equipment 24/7. »

Finally, Armenia supports the ECOS initiative to create and launch a free economic zone for the development of various Blockchain projects at the state level, to make this activity legal, safe and stable. In addition, one of their partners is a co-owner of the Hrazdan TPP power plant, which provides them with the most comfortable conditions, as well as the support of the largest energy company in the region. Moreover, Armenia is a relatively friendly country in terms of cryptocurrencies and blockchain initiatives, which opens up new perspectives for ECOS development.

the cloud mining therefore an interesting option for bitcoin-maximalist investors, who also want to participate in making the bitcoin blockchain more decentralized and secure. With the evolution of the bitcoin price, it’s hard to know if this investment will be profitable in six months, a year, two years … However, every satoshi won will remain another satoshi.

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Alexis Patin

Enthusiastic about geopolitics, economics, cryptocurrency, Eurasia and travel! (in the far east as possible), crypto-trader for 4 years.

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