Setting up a bitcoin mining pool

How To Start Bitcoin Mining

So rather than storing and dealing with a bunch of computer miners, Sebastian rents them out from a company and has them deal with the setup and upkeep. Cloud mining has been a big break for Sebastian, who struggled for months going from one dead end job to another.

There have been many millionaires born from this new online currency. One of the most profitable ways to get involved in Bitcoin and cryptocurrency is to mine them. Depending on the amount of processing power you lend to the network you are then rewarded with coins.

Как работает пул для майнинга

Mining use to be extremely easy, one could simply run mining software on their personal computer and profit. But, as more and more people became involved in the practice, the difficulty went up.

Now people run specialized computers in large data centers to effectively mine crypto. In a lot of ways this has essentially cut out the individual from getting involved and left only large entities to make money. Recently however, things have changed with the birth of cloud mining companies which allow anyone to rent out mining servers remotely.

Through his research online, Sebastian discovered FinTech Mining a cloud mining company, Which allowed him to start mining Bitcoin and other cryptocurrencies with little to no effort. You then receive continuous payouts from the network for lending them the processing power. Sebastian initially purchased a small contract and then slowly reinvested his earnings to purchase larger ones. As his earnings compounded allowing him to buy larger amounts of processing power he quickly found himself earning thousands of dollars a month.

Sebastian is not alone when it comes to people making a good living through cloud mining. We have been able to talk to a lot of people in the United States and all over the world with compelling stories of how it has changed their lives. I asked Sebastian why he decided on sharing with the world his secret to success. He responded, “I feel like I just got really lucky and wanted to share my knowledge and experience with everyone.

I want to show that you don’t have to be a computer geek to get into this.