Fotonhash Cloud Mining & GPU servers rental
Fotonhash Cloud Mining & GPU servers rental is the procedure which implies using a remote datacenter with a shared computing system. Utilizing this system, the miner can access the processing power of the whole computer network. This type of mining makes it possible for the users to mine bitcoins or other cryptocurrencies without managing the hardware. Another name for this process is bitcoin mining.
All the mining equipment is placed and maintained in a special facility. The user simply needs to register and conclude a contract with the mining company. In general, cloud mining is a service which entails some expenses and it can result in lower returns for the miner.
How does Bitcoin Cloud Mining Work?
Such type of mining means a host company owns the hardware and runs it at a facility. The customer pays the company and rents some of the equipment. The earnings depend on the amount of hash power rented. Actually, the customer gets a share of payments for any revenue generated by the hardware.
Types of Hosting
There are several variants. Users can lease either:
- a physical server;
- a virtual server with the consecutive installment of the mining software on the machine;
- hashing power hosted in a datacenter denominated in GH/s.
In the third case customers can either select a necessary amount of hashing power and a contract period or in some situations can trade their power.
Is This Type of Mining Profitable?
It depends on the miner’s goals.
If it’s necessary to get bitcoins, then it is easier just to buy them.
If the user wants just to try mining, it’s better simply to buy an affordable USB miner and run it in-house.
In case mining is treated as a long-term perspective and the miner is ready to make some investments, then cloud mining is the best solution.
All in all, cloud mining is worth speaking about in terms of profit and convenience. Fotonhash provides fast and reliable GPU servers for variable services, including: Deep machine learning, Crypto currency mining, Video rendering, VR/AR design. Rent GPU servers with per-month payment from Fotonhash right now- https://fotonhash.com