As the crypto market continues to rise after the bear market, investing in Bitcoin can be a smart move for your portfolio. There are two ways to obtain Bitcoin: buying it directly from an exchange or mining it yourself. Although direct Bitcoin mining may seem like a daunting task due to the extensive investment and maintenance required, there is a solution called Cloud Mining. Cloud Mining allows investors to mine Bitcoin without the difficulties of direct Bitcoin mining by renting a part of a mining farm that does the work for you.
One of the most reputable platforms offering Cloud Mining services is Miningbank. Founded three years ago, Miningbank is a top Cloud Mining service provider worldwide. It has been featured in respected news magazines such as Forbes and Business Insider. With 163 PH/s of total power and over 10,000 customers worldwide, Miningbank is running more than 3,900 mining farms in various countries. Miningbank uses ASIC for Bitcoin mining, which is a specialized equipment created solely for mining.
The Miningbank offers a simple user interface that makes it easy to navigate through and a straightforward signing up process. You will have to provide your personal information, name, etc., and select a package of your choice, make a payment, and you are good to go. The platform’s insurance covers your deposit in case of an unfortunate accident that occurs in Miningbank’s mining farm or website. What’s more, profits earned on your investment will be deposited to your account daily with no minimum limit for a daily withdrawal. You also get a profit calculator that allows you to simulate what you will earn on your investment. The Miningbank has 24/7 customer support and a referral program that rewards you for bringing more investors to the platform.
Like any other Bitcoin mining platform, The Miningbank has a few drawbacks, one of which is that there is no sign-up bonus. Also, the minimum amount to start investing is $250, which is a bit on the high side compared to other platforms offering similar services.
The Miningbank offers three types of mining contracts: light, strong, and productive. Under the light package, which has a minimum renting limit of $250, you get a minimum power offered of 59,050 GH/s and a profit of 144% (an annual profit of $1440 on a deposit of $1000). The strong package, which has a minimum renting limit of $3,700, offers a minimum power offered of 873,940 GH/s and a profit of 158% (an annual profit of $1580 on a deposit of $1000). The productive package, which has a minimum renting limit of $7,800, offers a minimum power offered of 1,842,360 GH/s and a profit of 179% (an annual profit of $1790 on a deposit of $1000). Notably, the profit amounts mentioned above are clean profits, net of the deposit. At the end of the one-year contract, you will receive a clean profit in addition to the initial deposit.
Signing up for Miningbank is straightforward. It’s a three-step process:
1. Create an account,
2. Choose a contract (light, strong, or productive),
3. Invest.
After investing a certain amount, you can start making a profit within the next 24 hours. While the initial deposit is locked up for the contract term of one year, profits can be withdrawn at any given moment. You can choose to withdraw your profits daily, weekly or whenever you want.
In conclusion, Cloud Mining is a convenient way of mining Bitcoin, especially if you don’t have the time or resources needed to mine Bitcoin directly. Although there are drawbacks to investing in Miningbank, its pros outweigh the cons. With its simple user interface, straightforward sign-up process, secured deposit, daily withdrawals, profit calculator, 24/7 customer support, and referral program, Miningbank is an excellent choice for investing in Cloud Mining. If you’re considering investing in Bitcoin, Miningbank might be worth looking into.
