Flymining is revolutionizing the concept of Bitcoin mining by offering cloud mining services that are eco-friendly in nature and provide the users with 24/7 video surveillance to the actual mining farm. Cloud mining is a relatively new concept that has gained popularity in the past few years. It allows anyone in the world to mine Bitcoin without actually spending money on the expensive high-end equipment by simply buying a share of computing power from a farm like Flymining, where all the equipment is held and the user is provided a fair share of mined Bitcoin.
Flymining believes in maintaining full transparency with its users and provides them publicly accessible webcams and withdrawal transactions that can be viewed using blockchain navigation software to see the freshly mined Bitcoins. They not only offer only open-ended contracts but also allow the users to hold all their bitcoins until the best price, unlike other services that charge electricity bills by deducting it from the mined Bitcoins. In addition, the user can easily withdraw the Bitcoins to their wallet in as soon as 24 hours of buying the mining contract, if the minimum withdrawal amount is reached. There is no hidden fee involved and everything including the electricity charge is mentioned in the open-ended contract.
Cloud mining eliminates the hassle of dealing with bulky, loud and high-power consuming equipment which is not so user-friendly and also highly expensive to purchase. The need of enterprise level internet connection, high heat dissipation, warranty replacements in China, risks of theft, equipment failures after warranty and hassle of import & customs have also made it too difficult for the miners to mine Bitcoin at home or garage. It has become more of an industrial thing now which is why services like cloud mining by Flymining are gaining rapid popularity.
Unlike the other cloud mining services that offer limited contracts, Flymining offers unlimited mining which means the user can buy the contract once and get profits for years to come. FlyMining also allows the users to keep a separate balance in Euros so that they can sell the Bitcoins at the best price they want. The user is offered an option to pay for electricity with their credit card and keep all the mined Bitcoins for as long as they want.
At present, the price of Bitcoin is not at its best which makes Cloud Mining a lucrative option for several traders. Mining in cryptocurrency is a process similar to banks processing transactions. Despite the price fluctuations, Bitcoin mining will continue to take place, or else Bitcoin itself will cease to exist (which is not expected in the near future). Through cloud mining, the users can own Bitcoins and sell them when they have the best value. More information about Flymining can be found at flymining.ch.
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