Why Cloud Mining Is the Way to Go for Earning Passive income

The key reasons therefore are:

• Ease of investment: Earning passive income shouldn’t involve the hassles of buying and managing expensive equipment to run a data center for a mining project. With cloud mining, all you have to do is leverage on the services of cloud mining sites, and you’re on your way to earning appreciable returns on your investment
• Open to both crypto enthusiasts and non-tech savvy people: Cloud mining means you no longer have to worry with dealing with technical equipment or environments. What’s more, even the non-tech savvy individual who knows nothing about Blockchain algorithms but is interested in the money-making dimension can earn here by simply subscribing to proxy mining services offered by several cryptocurrency cloud mining sites
• Flexible investment options: Cloud mining investment offers you options with regards to which crypto you should invest in. You could choose any one of Bitcoin, Ethereum, and Litecoin or decide to split your investment among them to avoid putting all your eggs in one basket.
• A better sense of security through binding contracts: Cloud mining contracts give both the crypto-savvy investor and the non-tech savvy one a sense of security because it makes them have an idea of minimum expectations from each investment in buying different hashing power rates and tenure.

How Much Can You Earn via a Cloud Mining Company?

Going by currently available data by blockchaininfo.org, about 1,800 Bitcoins are mined daily. If we multiply that by a hypothetical exchange rate of 1 Bitcoin to $8,500, we’ll be looking at a daily cloud bitcoin mining returns of $15,000,000.

Let’s calculate our profit on the example of a cloud mining platform Hashtoro.com. If you purchase an annual contract for 75 TH and invest 3.000 euro, you can rest assured that after all operating costs get settled, you would have earned over 1.7 bitcoin. And that excludes the appreciation effect of a rising crypto market.

Conclusion

While there are a variety of crypto investments that you could choose from, most are ‘high risk, high reward’ in nature and you could as well make a massive profit as you could hit rock bottom.

However, if you are looking at a legitimate source of steady, passive income via cryptocurrency investment, then you should leverage the services of cloud mining companies. So, Hashtoro is a top cloud mining company that helps you get steady, passive income while essentially doing nothing.

ABOUT THE AUTHOR

Alexander Petersons, product director of cloud mining service Hashtoro.com. IT specialist, serial entrepreneur. Started his professional career in small IT companies in Europe, then moved to America for several years. Worked on the development of mobile processors in Telecommunications equipment company Qualcomm (USA).