TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice. Ok, with that out of the way, onto the rest of the article As recently as a few short years ago, cloud mining offered a potentially cost-effective way of mining for Bitcoins and other cryptocurrencies.
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Cloud mining allows regular investors without expensive hardware to mine cryptocurrencies After the success and skyrocketing demand of Bitcoin, several new cryptocurrencies have been mushrooming across the globe. Ever since its launch, controversy has not left Bitcoin's site. It has fuelled hundreds of rags-to-riches stories, but at the same time, it has enabled scammers to earn millions from unsuspecting buyers and investors.
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Mining crypto made accessible to everyone Cloud mining allows you to use the computing power of mining equipment hosted in specialized data centers without owning or maintaining the equipment. Unlike traditional cryptocurrency mining which involves significant difficulties, cloud mining gives users a unique opportunity to start mining instantly. Generate regular passive income without the hassle of purchasing expensive bulky hardware or the need to obtain in-depth technical knowledge.