Making Crypto Mining More Accessible

Making Crypto Mining More Accessible

Mining – the process of verifying transactions and packing them into blocks to send to the blockchain – is a crucial component of many networks, including the largest – Bitcoin.

It is the foundation upon which the entire cryptocurrency ecosystem is built (to a large extent), and it is absolutely paramount to the concepts of crypto. However, it is also very technical.

It is a process that requires complex technical configurations in terms of both hardware and software, adequate power supply and, if designed efficiently, a dedicated storage space maintained at the correct temperature.

The above alone presents numerous barriers to entry for many retail investors who do not have access to significant capital. Essentially, it prevents retail investors from meaningfully participating so that they can also make a significant profit.

Cloud mining is an attempt at a solution. The following explains what cloud mining is and is one of the better-known providers.

What is Crypto Cloud? Mining?

The core of the concept comes from the word cloud. It's a virtual space. With cloud mining, retail investors can invest as much money as they want and in return rent cloud mining space from a company that typically operates (or rents) data centers.

Essentially, cloud mining is the ability to mine crypto using a remote data center with shared computing power.

This particular type of mining allows users to mine BTC or other cryptocurrencies without having to manage the hardware themselves.

The mining facilities themselves are housed and maintained in a facility owned by a mining company. The customer simply needs to register and purchase mining contracts or shares - depending on how the contract is structured.

An important aspect here is that users are strongly recommended to do thorough research on their chosen cloud mining provider. As with many other initiatives in the industry, there have been cases of fraud, so it is important to remain vigilant.

What is FancyCrypto?

FancyCrypto is a cloud mining provider and has earned the trust of hundreds of thousands of users, according to its website.

The company's mission is to make mining more accessible to everyone and enable access to major technology and industrial data centers from virtually any device and location. The website claims that FancyCrypto accounts for between 2 and 10% of the global cloud mining hash rate.

FancyCrypto was founded in London in 2016. As a pioneering cloud mining company, Fancy Crypto has already earned a reputation as a trusted hash rate provider for over 360,000 users around the world. The goal is to provide access to large industrial data centers using cutting-edge technologies to make cloud mining accessible to everyone.

The platform allows mining multiple cryptocurrencies including: Bitcoin, Litecoin, DOGE, Ethereum Classic and others. It also offers a number of different packages that users can purchase, ranging from cheaper ones at $10 all the way up to $5,000. The daily profits also fluctuate depending on the contract chosen. Your packages include:

Free cloud mining: Such a contract remains valid for one day and costs $10. The fixed return is $10.15.

Experienced project cloud mining: The price is $100 and is valid within your days. The fixed return is $105

Ethereum project cloud mining: The price is 300, the validity is five days, and the fixed return is $324.

The platform offers a number of other packages worth up to $5,000, all of which you can check out on the official website.

FancyCrypto’s cloud mining features include:

There are no hidden fees or commissions – users can monitor every transaction in a transparent dashboard.

There is no effort as users do not have to set up their own mining hardware and install appropriate software. The platform's dashboard is designed to be simple and understandable even for people with no experience.

Many platforms only offer Bitcoin cloud mining. FancyCrypto has a more diverse range of products for users to choose from.

Summary

FancyCrypto is making a huge impact on the cryptocurrency cloud mining scene. It has become the preferred choice for many users looking for a feature-rich, economical and hassle-free mining experience.

If you want to know more details, take a look at the official website: https://fancycrypto.com/

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