Bitcoin BoardBitcoin mining can be a very profitable venue if done right. However, purchasing a Bitcoin mining rig can be very expensive. A Basic Asic Miner will set you back $1,249.00, and it will be delivered months from now, which means that the miner won’t even be profitable because the difficulty will simply be too high. However, there is a very easy solution to this, which is cloud mining. Cloud mining means that you buy Gigahashes from a site that has a big datacentre full of mining rigs. This has multiple advantages:
- No power costs & maintenance fee and no sound from CPU coolers
- No long waiting time for your miner. When the Gigahashes are purchased they start mining immediately, 24 hours a day.
- You can withdraw your mined Bitcoins at any time, with no withdrawal limit.
Cloud Mining
We highly recommend CEX.IO for cloud mining. You can buy Gigahashes for Bitcoins on that site, and they are instantly credited to your account. You will also get a free Ghash.IO account, where you can track your shares of the current mined block in real time. This is great to watch as you will simply just see the BTC pouring in your account! The best part of CEX.IO is that you can also sell your Gigahashes. This means that you can basically mine for free, as you can instantly sell your Gigahashes when you are done. It can even make you a profit when their value goes up.
A colleague of mine in the Bitcoinboard HQ bought 10 GH/S yesterday at 0.071 BTC each yesterday. He went to sleep and to his surprise he saw that the value of a GH/S had rose to 0.073 BTC each. He just made o.02 BTC profit overnight, which amounts to $21 at current price rates. He also got some extra Bitcoins from mining with these Gigahashes as they are mining 24/7 a day.
