Crypto icy white card
If you are a professional miner or mining farm licensing the software, you select your own wallets and pools and would be paid whenever they pay you. When and how do I get paid? Select a mining package and pool, and then pay for the service. Key Takeaways Cloud mining allows participants to take part in cryptocurrency mining without owning or managing mining hardware Cloud miners pay a fee to rent mining capacity from a company that owns and manages the physical mining hardware and the process If the rented mining hardware processes a block through proof-of-work, say on the Bitcoin blockchain, the block reward is shared between the cloud miners and the cloud mining company This crypto sector has many scams and fraudulent projects. The platform also sells hash power without complex hardware and software setups, meaning that you can forgo spending thousands on Bitcoin mining hardware and maintenance and, instead, mine more profitably by leasing a mining rig from the platform.