What are merits and demerits of Cloud mining? Table of Contents

There are three methods of mining: solo (single) mining, pool mining, and cloud mining, each of which has different characteristics, advantages, and disadvantages.

When starting mining, it is important to understand each character well and choose the method that suits you.

What is Cloud mining?

This is a method of having a mining company like StormGain perform mining.

There are various forms of cloud mining, such as investing in a minor company to get a reward, renting a mining machine, and getting a reward for success, and the initial cost, commission, advantages, and disadvantages differ depending on the contract.

To avoid trouble, it is important to have a good understanding of your business scheme when starting cloud mining.

Find out more about StormGain’s Mining

Merits of cloud mining

There is no need to prepare equipment like solo mining and pool mining, and even if you do not have specialized knowledge about personal computers, you can start mining easily.

With StormGain, you can mine Bitcoin with one click.

Open StormGain’s Account to start mining

Demerits of cloud mining

In many cases, the initial cost is higher than solo mining or pool mining.

In addition, there are risks such as bankruptcy of minor companies and escape of funds, so it is necessary to understand the business contents and contract contents well.

With StormGain, you don’t need to pay any to start mining.

Without making a deposit at all, you can start mining once you open an account.

Go to StormGain Official Website