Difference Between Cloud Mining and Pools
Cloud mining provides an established system to mine a digital asset like Bitcoin, Ethereum, Ripple, etc. without installing all the hardware and other necessary equipment. There are some firms which enable people to create accounts with them and go ahead to take part in the practice of mining for a simple cost. The practice enables the process to be globally accessible by massive participants. There are so far 3 models including hosted, virtual host and leased hashing power.
Is it Profitable to Mine Bitcoin in 2019?
It has become very competitive and expensive to mine Bitcoin than Ever. The BTC mining difficulty has hit a new record high at about 7.93 trillion. The figure represents a 7% increase from the previous number of 7.45 trillion. Bitcoin adjusts its difficulty after every 2,016 which is about 2 weeks.
The Story of $85,000 that Turned Into 10 Times that Within One Year
Rustam Kutuev, business developer at Finom AG Blockchain Corp, founder of Pride Games Game Studios and the Cryptal mining center in Russia, used to own two car repair shops and car rental services. He even used to export fuel pellets to Europe, but now he has a new passion – cryptocurrency production.
Bitcoin Mining Difficulty Factor Surpasses 500,000,000,000
Bitcoin mining is regulated by a difficulty factor which determines how hard it is to mine one block of bitcoin. Recently the difficulty factor was just above 520,000,000,000. Coinidol.com investigates the effects of this rise on the Bitcoin mining activities.