Mining is a way to get BTC at a low price
In 2021, the price of BTC has exceeded $30000. If you fail to buy BTC when its price is low and you are scared of buying it at a high price, mining will be your best choice. Clients mainly use two ways to get BTC. They buy BTC from exchanges or get BTC by mining. However, the cost of mining is lower than buying BTC directly.
If you want to buy miners, you need to solve problems like sourcing, transportation, electricity, and maintenance. As a flexible and effective mining solution, cloud hashrate mining will save you from all the hassles. Compared with buying miners and mining by yourself, mining with rented hashrate will save you a lot of effort. You just need to buy hashrate from the remote data centers and start remote mining. Also, there will be no noises and hidden risks.
Meaning of mining and how to mine
The concept of BTC mining originates from the existing concept of our real economic life, such as gold mining and silver mining. Minerals are valuable and that is why people are willing to pay labor to mine them.
There is one more important thing about BTC mining. The miners who participate in the mining recognize the value of BTC. People on the BTC market are willing to buy the BTC they mine, so, BTC mining is meaningful.
To the BTC network, BTC mining is not only the basic guarantee for issuing the currency, but also for maintaining the operation of the BTC system. A new “cash printing machine” is built every time a BTC mining activity is conducted. However, if you are still trying to use your home computer as the “cash printing machine”, unfortunately, BTC will never belong to you. It is possible that you will not get any BTC after you spend years mining. It will become a waste of electricity fee and labor.
As the miners enter the era of ASIC, the network-wide hashrate is growing exponentially and the difficulty of mining BTC is also constantly growing. It is hard to win the battle on yourself and this is why the team mode exists. With the team mode, every member of the team will be able to get a relatively stable income. The organization that offers the team mining service is called a mining pool. Furthermore, you can participate in mining by renting a hosting mode. Using services like miners, network, and operation and maintenance offered by cloud mining service suppliers to mine is called the cloud hashrate.