according to material from the site - By Coin Edition
GMO Miner mining service provider: launching farms for Bitcoin mining using XRP and earning $6800 a day
In the rapidly changing cryptocurrency market, experienced investors no longer just own assets and let them work. More and more XRP holders are using efficient computing platforms that remotely operate mining machines without the need for physical equipment. The result? Some users report daily profits exceeding $6800.
Cloud mining of Bitcoin is a method of remotely mining Bitcoin over the internet. Unlike traditional Bitcoin mining, users do not need to purchase and maintain physical mining machines and other associated equipment. Instead, they pay a subscription fee or rent for access to mining resources in data centers. These data centers are often located in areas with low electricity and maintenance costs, making mining more economical.
The main principle of cloud mining is that users enter into a contract with a cloud mining service provider and choose an appropriate pricing plan. Typically, the pricing plan includes a certain initial payment and a service period. After signing the contract, the service provider is responsible for maintaining and operating the mining equipment, as well as distributing the mined cryptocurrency…