What do crypto miners actually do?

Bitcoin miners download the entire history of blockchain and assemble valid transactions into a block . If the block of assembled transactions is accepted and verified by other miners, then the miner receives a block reward. Another incentive for bitcoin miners to participate in the process is transaction fees.

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How does cloud mining work?

Cloud mining operations are mining farms — data centers dedicated to mining — that sell or lease hashing power to cryptocurrency miners . The essence of the service is that a third-party hosts mining equipment and provides access to the rewards associated with the equipment.

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Can you make money cloud mining?

Well, let’s find out how profitable it is for cloud mining. With a $5,000 cloud mining contract, you could make $600 within one month (and it is literally just checking your stats for a couple of minutes every day). So your total profit from using a one-year cloud mining contract could amount to $7,200 in Bitcoin.14 Oca 2022

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