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Author Topic: Cloud mining journal  (Read 239 times)

HenryUtrog

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Cloud mining journal
« on: January 20, 2018, 05:42:32 PM »
Hey guys, recently found cryyyptomining.com - it is kind of journal about cloud mining, quite like that. Great materials, check them out!
There are a lot of things i tried to get before, but I couldn't, I'd say, I am pretty new at the mining thing, so my knowledge on the topic is not really grounded, but reading that blog helped me got the matters clear that I couldn't understood before

The matter of the process of cloud mining operation

Cloud mining is a complex service that sells the powerful device, ensured by enterprises that own  mighty data centers. It’s kind of investment of money for mining of crypto money with help of powerful blocks forming blockchain.
These days there are three most widely used cloud mining methods:
* Hosting – platform where owner provides equipment to rent for cryptocurrency miners.
* Virtual hosting – renting of area on the server with following installation of tenant’s software for cryptocoins mining.
* Lease computing capacity of the server without opportunity to regulate its operation.

 check that journal on that and other topics.

HenryUtrog

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Re: Cloud mining journal
« Reply #1 on: January 20, 2018, 06:46:48 PM »
And as far as I understood from cryyyptomining.com, you may read yourself, but I still share what I got.

The mechanism of such type of mining includes a number of ASIC-farms and main device  to monitor their processes. The mining of tokens is accomplished by solving complex calculations. The complication of these calculations is permanently rising.
In contradistinction to hardware mining, that requires buying of costly equipment and paying a huge electricity fees, cloud mining gives an opportunity to get passive profit without digging into technical part of the process.

HenryUtrog

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Re: Cloud mining journal
« Reply #2 on: January 20, 2018, 06:54:19 PM »
Moreover, as that journal says, due to the constant growing of complication of algorithms, personal mining is getting irrational. Consequently, plenty of clients have started using the services of huge cloud mining services that may provide steady earnings.

WilliamGull

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Re: Cloud mining journal
« Reply #3 on: February 15, 2018, 07:11:04 PM »
Thanks a lot man, I liked that, actually it is unexpected informative! Even added it to bookmarks

WilliamGull

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Re: Cloud mining journal
« Reply #4 on: February 17, 2018, 01:22:22 PM »
didn't know about promo code, was surprised

AdamC

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Re: Cloud mining journal
« Reply #5 on: February 19, 2018, 04:05:11 PM »
Thank you for sharing this blog with us. Definitely gonna read the articles later  :)

BitcoinGames

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Re: Cloud mining journal
« Reply #6 on: February 19, 2018, 10:12:32 PM »
Logistical question about the idea of using cloud based mining, I'll be honest I haven't yet looked over the journal but I had a knee-jerk reaction, is all the hardware utilized owned purely by the provider or outsourced to other cloud computing providers, in the first case how do they scale for various mining operation(how do they afford to run this and why isn't it a more widespread thing) and in the second case how do they handle the content being processed (who views what and knows how much)?

Jain

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Re: Cloud mining journal
« Reply #7 on: Yesterday at 07:29:20 AM »
Glad I found this place ;)

 

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