Is it difficult to mine bitcoin in 2021? What is needed for this purpose? Not long ago to start, you needed to buy proper machines, organize the cooling system, ensure stable electricity, watch and monitor the latest news about the market just to have an idea of what is happening with the cryptocurrency you mine. Whether the situation has changed? Sure, not long ago companies that specialized in mining came up with the new business model which does both, allows them to increase the return of capital, and allows customers to invest into the buying of new machines with a return of investment up to two years. This model is called cloud mining.
How does cloud mining work?
The core process is the same, mining bitcoin or other cryptocurrencies classically. But also companies rent out the capacity of the part of machines, thus accelerating the process. And renting this capacity is called a cloud mining contract, and this is some sort of an agreement between the company and investor, where the company declares to pay the interest for renting out the capacity for a certain period. Simply speaking this is renting mining farms without all related risks and work (doing checkouts and renovation of the machines, dealing with different problems, owning a place to locate the farm).
Using cloud mining you can force your money to work without risks and even without actually owning something, this is a good chance to make a profit on investment effortlessly. All that’s needed is to set up an account, talk to the manager and choose what tariff is more suitable according to the time of the contract and the size of the investment. Then making the deposit, signing this contract, and here it is, you already mine a bitcoin. Also, one additional thing which might be useful is to create a cryptocurrency wallet in advance. Just to put into the contract that payouts should be made in time on a certain crypto wallet.