Cloud mining vs. traditional mining - what are the differences?
Mining on your own equipment implies the purchase of expensive components, assembly, configuration of software such as cfx mining and many other operations.
When creating the most budgetary farm, you will need to spend at least 2,000 USD. Cloud mining, in turn, allows you to start mining tokens much easier and without investment.
Equipping and configuring the software in data centers is done by experts who are thoroughly versed in all the nuances.
This makes it possible to achieve the most effective coin mining.
That said, the profitability of a desktop farm created by a novice with his own hands is highly dependent on his knowledge and efforts.
The key distinguishing features of remote mining from real cryptocurrency farms are as follows:
Lack of large investments to set up a farm.
You don't have to invest a lot of time and effort to get mining up and running.
No need to control the electricity supply, look for the cheapest sources and take care of protecting the equipment from network voltage fluctuations and power outages.
You don't have to go into all the technicalities of the process.
Cryptocurrencies can be mined using several algorithms at once.
Remote mining can be accessed from anywhere on the planet.
Professional tuning of the farm and control over the operation of the equipment contributes to an increase in profitability, compared to conventional mining. A user can earn more on his own farm only if he has excellent knowledge in the field.
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