As its name implies, cloud mining is the process of using cloud computing power to mine cryptocurrencies. In this case, you pay third parties to do all the work for you. In essence, you do not need to buy nor maintain special mining rigs, nor do you need to run a blockchain node.
With cloud mining, participants usually either lease mining rigs or rent hash power. The latter is a measure of the power of a mining rig and is normally calculated in units of Gh/s and Th/s. The cloud mining provider owns and operates a facility or farm loaded with mining rigs, and offers users the opportunity of buying or renting a share of the hash power it generates.
The cloud mining provider needs to have invested in top mining hardware and, optimally, established its farm in a location with access to cheap electricity and a cooler climate. This approach ensures that the overhead costs of running the farm are kept within an acceptable limit.
Such a solution is ideal for individuals who are not interested in engaging with the technical side of crypto mining. In most cases, participants are able to keep track of their hash rate and cloud mining revenue using their smartphones. Some cloud mining set-ups even automatically redirect the generated hash power to the most profitable mineable coin during a given period.
Moreover, as cryptocurrency miners are connected to the blockchain 24 hours per day to improve their chances of being successful, this consumes a significant amount of energy. And therefore, unless you live in a country where energy costs are low, you will likely find it very difficult to generate consistent returns from mining – even if you have the required hardware.
This is why the best cryptocurrency mining sites offer their services in cloud-form. That is to say, you can now mine TRON (TRX)and other digital currencies remotely without needing to buy specialist hardware or consume huge amounts of energy. Instead, it’s just a case of depositing funds into a mining site and choosing your contract. This subsequently enables you to earn passive income.
MAXusdt Cloud Mining Service Platform
Launching in 2020 and based in Seattle, Washington, USA, MAXusdt is a new initiative looking to provide users with a simple way to cloud mining. According to their official website, MAXusdt was one of the first companies in the world to come up with cloud hosting mining rigs after seven years of mining experience for private clients.
As one of the top-rated mining companies, MAXusdt’s mission is to bring unprecedented possibilities to users interested in TRON and USDT mining. As the platform continues to improve its service, they extend its resources and mining experience to users with an even better platform.
The Cloud mining service platform looks to continue to improve and innovate its services to satisfy the broad range of customer demands. Its motivation is to provide its customers with a top-rated service in the industry.
MAXusdt Referral Programs and Rebates
MAXusdt has incredible referral rewards that you must take advantage of by sharing your referral code with your friends and family in order to earn a large amount of TRX. This is an alternative method of making money. There are three kinds of referral rebates: invitation rebate, trading rebate, and deposit rebate. The referral rebate below is all based on the first person you invite will be referred as user 1 , if user 1 invites the second person will be user 2 and user 2 invites a person will be user 3.
Invite Rebate:
User 1 complete registration, you’ll get 50 TRX.
User 2 complete registration, you’ll get 20 TRX.
User 3 complete registration, you’ll get 10 TRX.
Trading Rebate:
Based on your down-line mining revenue per time.
User 1 collects 500 TRX daily revenue, you’ll get 50 TRX(10%).
User 2 collects 500 TRX daily revenue, you’ll get 25 TRX(5%).
User 3 collects 500 TRX daily revenue, you’ll get 15 TRX(3%).
Deposit Rebate:
Based on your down-line deposit amount per time.
User 1 deposit 10000 TRX, you’ll get 1200 TRX(12%).
User 2 deposit 10000 TRX, you’ll get 100 TRX(1%).
The basic account profit is determined by your VIP level, which you can find here. The higher your VIP level, the higher your income percentages. The daily revenue percentage ranges from 4.0 to 12.0 percent, while the daily withdrawal percentage ranges from 2.6 to 8.0 percent. The VIP level recharge is calculated based on 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%)
Conclusion
Cryptocurrency mining is no longer profitable for the average Joe due to the extremely high costs associated with buying ASIC hardware and consuming huge amounts of energy.
With that said, cloud mining websites have opened up the doors to investors on a budget – not least because there is no requirement to buy any specialist hardware devices.
This is why we much prefer crypto mining platform providers like MAXusdt. This licensed platform offers a reward for referral rebate as much as 12%. MAXusdt also provide user safety and a huge amount of reward when there is an event.
Disclosure: This is a sponsored article. This article does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. Furthermore, nothing in this article is intended to provide tax, legal, or investment advice and nothing in this article should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.
