The answer to the inconveniences of personal mining is cloud mining – an easier, faster and hassle free way of investing in cryptocoin mining. Essentially you buy a share of a miner’s processing power or hashrate that is set to mine a particular coin, e.g. Bitcoin. All miners participating in mining the same coin share the rewards according to the amount of hashrate they have bought.
A managed cloud mining service is run by remotely hosted data centers that provide equipment and manage all processes needed for efficient mining. Miners are already set up and running therefore investors wishing to join a cloud mining service only need a crypto wallet to purchase a share of mining capacity and start receiving rewards immediately. Miners are working non-stop therefore moments after the approval of payment you can start receiving your daily payouts whose amount depends on the mining difficulty and market value of that particular coin.
Datexminer coin mining calculator is an easy way how to predict your rewards taking into account the variables at the moment of purchase – amount of hashrate bought, coin mining difficulty and coin market value against fiat currencies (e.g. USD).
In general setting up a profitable personal mining equipment could cost at least $2000, while to start mining with Datexminer cloud mining service will cost as little as $10 for an entry level investment. This makes cloud mining a very low entry investment with steady daily returns that at the current crypto market state can recover the initial investment in less than 9 months.