Bitcoin mining is the process by which new Bitcoins are generated.Mining Bitcoin isn’t difficult at all, but it is expensive. At this point, you can’t just go to Best Buy, purchase a PC, and start mining Bitcoin. You need specialized and often fairly expensive hardware (called an ASIC) if you want to mine Bitcoin.
Most people are now familiar with bitcoins, even if they’ve never used them, as the new virtual currency. It is the first currency to be controlled by a cryptographic protocol rather than a central bank. Basically you pay for something by sending BTC from a virtual wallet in your computer to the merchant’s computer.
So how can you make money from this? Well, theoretically, your computer can become a node in the network that processes and verifies the transactions. With every blockchain that is processed a new block of 12.5 coins, worth around $14600 at today’s prices, is created. This is known as bitcoin mining.
Nowadays, it’s not profitable to mine Bitcoins with a general purpose computer. Because it is not power efficient. This means that the cost of electricity spent to run a computer, has greater cost than the cost of bitcoins mined. Only special purpose machines (ASIC Miners) are efficient for Bitcoin mining. So only buying a special purpose miner will outweigh the electricity costs.
Start cloud mining, it’s very easy. They do the mining, you just have to buy the hash powers (computing power) and they will pay you every day. At current price of bitcoin, it is 22% return per month. Yes, you got it right, your investment will be back in 10 months. The best part is that they will offer lifetime contract, that means profits for life till the difficulty level of bitcoin mining is achievable and the prices support the mining. I see genesis mining only as a genuine cloud mining company as they have revealed details about their owners, mining farms etc.
Other popular mining company is GBMinner– An authentic mining company which is visible on the Blockchain and doing actual mining with visible proof of work. GBMiners are one of the top 10 mining pools throughout the world. It offers Bitcoin Mining Contracts starting from 0.1 BTC and the contract validity is of 18 months. and if you have previous network marking experience the Gbmininer is the best place for generate passive income working with team. For example
suppose you Invest here
15btc = silver pack
18 month contract: Every month you create a return from 10% of your invest. The contract will give you with 1 btc investment a return from 1.8btc = 0.8btc win from 1 btc.
you got 15 btc. Your return will be 15btc x 1.8btc = 27btc + the bitcoin will go up+ Team bonus(if you market)Try the future digital currency now and collect Bitcoins as your reward!