Cloud bitcoin


A few years ago it offered a potentially cost-effective way of mining for Bitcoins and other currencies.

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However, extensive industrialization of the mining process, coupled with extreme volatility in the value of all cryptocurrencies, means that all but the most serious business attempts at mining at likely to profit at all. This is made even more stark by the fact that mining providers routinely have a clause that will close down customer accounts if crytpcurrency values mean that account has not been in profit for a period.

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While this can protect miners against long-term losses, it does increase cloud bitcoin possibility of short-term losses. This specifically applies the shorter the period involved - for some mining providers, it can be 30 days, but cloud bitcoin others it is 10 days.

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And in the event of your account being closed, there are no refunds. Therefore you need to take great care if you're attracted to mining for crytocurrency, because the days of low-hanging fruit are long gone, and it is now a serious, and very cut-throat, business.

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If you are interested in cryptocurrencies but don't feel happy with the idea of mining, you can also simply purchase Bitcoin as an investment see our guide on how to buy Bitcoins with Bitstamp. Please email your request to desire.