The platform Binance has just announced that its famous cloud mining service of Bitcoin was available again since April 13. An offer that any individual wishing to try mining with a minimum of constraint, and in optimal ergonomic conditions, will find it advantageous to discover.
Bitcoin: is mining for all now out of reach?
As you know, as exciting (and potentially lucrative) as it is, bitcoin mining most often requires a significant investment, both financial and infrastructural.
Indeed, without miners, mining point and by “miners” we must understand the very noisy and somewhat cumbersome machines that relentlessly secure the Bitcoin network, in return for rewards in satoshis.
We will agree, not everyone is ready to sacrifice their living space to pile up an army of ASICs.
Furthermore, the question of the profitabilitythe latter being the immediate result of a complex synthesis between an adapted climatic environment (mining machines like cold and dry conditions) and an efficient energy context (cheap electricity, ideally of renewable origin, the activity of bitcoin mining being – no offense to some – increasingly green and eco-responsible).
Are individuals ultimately condemned to be excluded from the bitcoin mining sector, in favor of a few all-powerful industrial giants? We will see that no, in particular by understanding what bitcoin cloud mining is.
Bitcoin cloud mining, a simple and effective solution for budding miners
Everyone is now familiar with “cloud computing” or cloud computingor the fact of using remote computer resources, most often concentrated in server farms strategically dispersed on the planet.
It turns out that this value proposition is particularly well suited to bitcoin mining, allowing individuals in particular to indulge in the subject, with entry tickets well below traditional market standards.
In fact, an industrial operator operates machines in large quantities on one or more sites, and manages their entire life cycle, as well as maintenance, as well as energy supply.
This operator then offers to fragment its capacities, by leasing them to customers (companies or individuals). The operator bears most of the risk (particularly that of breakage or breakdown) in exchange for a commission. In return, the customer has immediate access to mining capacities.
The icing on the hashrate, the offer is most often effective immediately. In other words, you start mining immediately after the validation and settlement of the cloud mining contract.
It happens to be exactly the contours of Binance’s offerthe global crypto leader that just reopened its popular cloud mining service a few hours ago.
>> Come mine alongside Binance and pile up the satoshis (commercial link) <<
Bitcoin cloud mining by Binance
If the bitcoin cloud mining service of Binance is reputable, it is in particular because the size and the anteriority of the company are solid guarantees with regard to the risk of default. It should be recalled, however, that in this area, this risk exists and that, like any investment, it is advisable to be both prudent and fully informed before any decision is taken.
In addition, the economies of scale enjoyed by a giant like Binance allow the exchange to offer a tight cost offer to its community of customers.
Very ergonomic, Binance’s offer allows you to finely calibrate the amount of hashrate (the computing power of mining) to which you wish to subscribe.
Note that this service offers subscription options from only a few dollars, allowing access to the joys of bitcoin mining with the minimum financial barrier to entry.
Furthermore, it is important to understand that the initial payment (in USDT) includes electricity and maintenance costs over the contract period, the latter current over 90 days.
Stated otherwise, and taking the illustration above as an example, I agree with 100 TeraHash of power over 90 days (3 months), for an overall cost of 657.9USDT ($180 fee + $477.9 energy).
The contract lasts 90 days and is paid in one go, when it starts. On the other hand, the products of the mining will be paid to me on a daily basis throughout the period. I will be able to follow the progress of my loot in satoshis on the dashboard associated with my Binance account, directly on the site.
Keeping in mind that past results cannot guarantee future returns, Binance offers an informative simulation tool. This makes it possible to assess both the possible return on investment over time, as well as the differential between mining and a simple purchase of BTC at a given time.
Bitcoin is currently picking up colors, demonstrating both its resilience and its full relevance in a troubled economic context. As such, holding a few shards of digital gold has never been more relevant, especially if you can seize the opportunity to mine them yourself!
Convinced ? You are only a few minutes away from mining your first BTC via Binance cloud mining (commercial link)