Cloud mining has emerged as a secure way to invest in the cryptocurrency market and earn a consistent passive income.
As bitcoin price volatility has led many investors to make millions of dollars in profits, encouraging more people to invest in this market, many people have lost money due to these high fluctuations in crypto price.
However, cryptocurrency investing is more than just “high risk, high reward”; there are ways to earn consistent, passive income. Isn’t it intriguing?
Let’s start by talking about miners and how they work. A simple ASIC mining rig can mine 14 Terahashes (TH) per second, or 14 trillion hashes. This may appear to be a lot, but it is far from the limit of what the Bitcoin network is capable of. Bitcoin can currently process a trillion hashes per second – an 18-digit number. So, if you can generate more hashes than that number, you theoretically win every transaction. To even attempt such a feat, it would have been preferable to purchase all available bitcoins.
Servicing a 14 TH/s facility requires a significant amount of effort and money, including electricity, maintenance, and assembly. As a result, cloud mining companies offer to take on all of these responsibilities for you at a reasonable cost.
Cloud mining is similar to pool mining in that you can either buy additional resources for your CPU or share your own, but it involves purchasing hash power from the cloud. You pay for the hash rate you want and leave the rest to the miners. You earn a portion of what they mined based on the hashes you purchased at the end of a certain period.
How Does Cloud Mining Work?
There are two types of cloud mining models:
- Host Mining: Miners buy or lease mining rigs on mining farms, and pay for their setup and maintenance. This model reduces costs associated with access to electricity. In addition, because miners have greater control over rigs, they can redirect the generated hashing power to mining pools. Additionally, miners have total control over rewards generated.
- Leasing Hash Power: Miners lease a portion of the hashing power that a mining farm generates. They essentially subscribe to a plan offered by the cloud mining company to receive a share of the mining farm’s profit. Miners do not need to pay any setup or maintenance fees, and mining rewards are distributed depending on the share of the hashing power that every miner controls.
MAXusdt provides its users with an affiliate program that rewards them with additional benefits. You can invite users by sending your own invitation code by clicking the “Share” button on the platform and copying and pasting the link into social media.
Users will receive rebates if they refer friends who deposit funds into their accounts. The following is a detailed breakdown of the various levels and rebates that users can earn:
If User 1 completes registration, you will receive 50 TRX.
When User 2 completes registration, you will receive 20 TRX.
When User 3 completes registration, you will receive 10 TRX.
According to your downline mining revenue per time.
If User 1 earns 500 TRX per day, you will receive 50 TRX (10 percent ).
If User 2 earns 500 TRX per day, you will receive 25 TRX (5 percent ).
If User 3 earns 500 TRX per day, you will receive 15 TRX (3 percent ).
Based on the amount of your downline deposit per time.
If you deposit 10,000 TRX, you will receive 1200 TRX (12 percent ).
User 2 deposits 10,000 TRX and receives 100 TRX (1 percent ).
Your VIP level, which you can find here, determines your basic account profit. Your income percentages increase as your VIP level increases. Daily revenue percentages range from 4.0 to 12.0%, while daily withdrawal percentages range from 2.6 to 8.0%. The VIP level recharge is determined by your total recharge.
VIP 1 RECHARGE(5.00-9999) DAILY REVENUE (4.0%) DAILY WITHDRAWAL (2.6%)
VIP 2 RECHARGE (10000-49999) DAILY REVENUE (5.0%) DAILY WITHDRAWAL (2.8%)
VIP 3 RECHARGE (50000-199999) DAILY REVENUE (6.0%) DAILY WITHDRAWAL (3.2%)
VIP 4 RECHARGE (200000-499999) DAILY REVENUE (7.0%) DAILY WITHDRAWAL (4.0%)
VIP 5 RECHARGE (500000-999999) DAILY REVENUE (8.0%) DAILY WITHDRAWAL (4.5%)
VIP 6 RECHARGE (1000000-2999999) DAILY REVENUE (9.0%) DAILY WITHDRAWAL (5.5%)
VIP 7 RECHARGE (3000000-4999999) DAILY REVENUE (10.0%) DAILY WITHDRAWAL (7.0%)
SVIP RECHARGE (5000000-99999999) DAILY REVENUE (12.0%) DAILY WITHDRAWAL (8.0%)
Since there is a rising interest in cryptocurrency mining as the cryptocurrency market matures and gains greater acceptance, cloud mining can be a great alternative to hardware mining. It comes with lower upfront investments and commitments and is considered to be a highly cost-effective option. However, it is important to note that TRON(TRX) or cryptocurrency mining can take months or even years to turn profitable. Having advanced technical expertise is also recommended. While cloud mining or even TRON(TRX) mining may not be for everyone, it is definitely promising and can be immensely rewarding over time.