MinerGate, one of the oldest multi-currency mining pools, enters into a partnership with a BitFury associate Hashing24 to provide its clients true cloud mining experience.
Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off.
Cloud mining on the other hand lets one earn their first Bitcoins within a matter of days without having to deal with the challenges that come with actual mining.
But there are also concerns associated with cloud mining that make people skeptical about it. Therefore, it is of great importance to find a trusted partner among the hashing power providers.
MinerGate believes itself to be lucky with having Hashing24 as its partner because the mining happens on BitFury data centers and every Bitcoin is probably newly generated and can be traced on the blockchain.
MinerGate has simplified the entire process by letting its clients buy hashing powers right in their Dashboard by choosing the sum they are willing to pay or the desired amount of power, starting from 20 GH/s.
The coins that are mined are credited to the account daily. As soon as the miner reaches minimum withdrawal amount, the coins can be sent to the personal wallet. All payments come straight from the block rewards making the fact clear that Hashing24 provides genuine cloud mining.
MinerGate’s partnership with Hashing24 corresponds well with their mission to make the sophisticated world of cryptocurrencies and blockchain more accessible.
Their choice of currencies, the majority of which are based on CryptoNote technology, proves their seriousness about making the technology accessible, as anybody with a decent CPU can earn them easily. Moreover, GUI mining application that the pool offers is well known for significantly lowering entry barriers for those excited to start mining, but inexperienced in console interface.
MinerGate CEO Claude Lecomte clarifies that the idea of inclusivity is what draws them to cloud mining. According to him, anybody can engage in cloud mining and even though high network difficulty significantly limits possibilities for small-scale miners; it shouldn’t make Bitcoin mining exclusive. Hashing24 shares this vision and believes, “everyone should benefit from the mining and be able to have access to the newest technologies.”