As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. As a result, many people who previously used their own equipment for cryptocurrency mining now find it unsustainable: high electricity bills and wear and tear on the equipment. Therefore, cloud mining is becoming an increasingly attractive option.
In the partner material, we go into more detail about its features and how it will help increase passive income.
What is cloud mining
Cloud mining is a mechanism that uses leased cloud computing power to mine cryptocurrencies such as Bitcoin. Hardware setup and startup, no software installation required.
Cloud mining companies make mining even more affordable by allowing you to open an account and participate in cryptocurrency mining remotely at rock-bottom prices. Since mining takes place in the cloud, there are fewer issues with equipment maintenance or direct electricity costs.
How to start cloud mining
Here are the basic steps you need to take before getting started.
Step 1: Choose a Cloud Mining Provider
CGMD Miner is a popular and powerful cryptocurrency mining platform and an excellent resource for passive income. CGMD Miner is a free Bitcoin mining program that allows you to passively earn Bitcoins without any strings attached, regardless of technical knowledge or financial resources. Once $12 worth of Bitcoins are mined, they can be transferred to your account and traded. Any profits are yours and you can withdraw them to your personal wallet.
Platform advantages:
Get $10 immediately after registration;
High levels of profitability and daily payout;
No additional services or administrative fees required;
Other currencies can be generated;
The company’s Partner Program allows you to invite friends and earn up to $3,000 in referral bonuses;
McAfee security? Cloudflare® security protection;
24/7 technical support.
Step 2. Register an account
Go to the provider of your choice and sign up to create a new account.
CGMD Miner offers a simple registration process: all you need to do is enter your email address. After signing up, you can start mining Bitcoin immediately.
Step 3. Purchase a Mining Contract
Miner CGMD offers a variety of mining contract options: packages ranging from US$100 to US$5,000, each package has its own return on investment and a certain contract validity period. Right now:
The day after the contract is purchased, the revenue starts flowing in. When $100 is reached, the money can be withdrawn to a crypto wallet or continue to purchase other contracts.
Step 4: Earn passive income
Cloud mining is a great way to increase your passive income. Cryptocurrency capital can be grown via “autopilot” mode with minimal time outlay – less than any type of active trading. Passive income is the goal of every investor and trader, and with CGMD miners, achieving it is easier than ever.
CGMD Partner Program
Miner CGMD also offers an affiliate program, a platform that allows you to earn money by recommending the site to others. You can make money even without investing. A fixed one-time bonus of up to $3,000 will be charged for inviting positive referrals.