Free Bitcoin Cloud Mining
On this website we show you the best Free Bitcoin Cloud Mining options available to you regardless of your level of experience or expertise.
If you want to make money mining Bitcoin (and maybe other cryptocurrencies) we’ve got you covered.
We are a group of cryptocurrency enthusiasts and we want to contribute our part to further the mass adoption of cryptocurrencies.
We believe the best way to get people interested in and excited about Bitcoin (and cryptocurrencies in general) is by enabling them to own their first coins or crypto assets.
Since not everybody can or want to spend their hard earned cash on something that they don’t really know yet, we think that free cloud mining is a perfect first step to get started.
Free Bitcoin Cloud Mining
Before we go into too much detail, we want to make sure that all our readers understand what bitcoin is, what cryptocurrencies in general are and what mining is.
If you are already familiar with all these terms please feel free to skip the next few short paragraphs.
If you are not yet familiar, here is a brief introduction:
Bitcoin, the world’s first cryptocurrency started out as an experiment to see if a system could be developed and deployed that enabled a person to send a payment (i.e. money or some unit of value) over the internet to another person without the need of a trusted intermediary such as a bank or an online payment processor.
This was achieved by a system (software) that generates units of value, i.e. bitcoins and then keeps track of who owns each coin. In addition, to prevent fraud, an identical copy of this ledger was distributed onto a large number of participating computers to prevent a single operator to modify the balances in the ledger.
When Bitcoin first started, nobody owned any Bitcoins. The software had to generate the initial coins first and then allocate them to specific accounts in the network. This process is called “mining”.
Bitcoin will only generate a total of 21 Mio. Bitcoins. Until that number is reached, approx every 10 mins additional BTC are being generated through “mining” and Free Bitcoin cloud mining websites let you earn a share of that..
We won’t go into more technical details at this point.
Mining is a process to generate new coins. Not all cryptocurrencies are generated and distributed in the same way and some can’t be mined at all.
In order to mine cryptocurrency computer power is needed.
As an individual, I could buy my own computer equipment and start mining. However, buying the equipment necessary and paying for the electricity needed, requires a substantial investment.
Alternatively, I could rent computer power from somebody else and only spent as much money as I want.
With free Bitcoin cloud mining, I can rent a certain computer power from a third party but in exchange I don’t pay in cash but with my attention instead.
Many of these sites make a profit by selling advertising space on their websites which is attractive to companies because the free websites get a lot of visitors.
This is a win-win-win situation: The operator of the Free Bitcoin Cloud Mining website earns advertising revenue, the advertisers get their ads in front of a large audience and I get free computer power to mine crypto currencies such as Bitcoin.