When it comes to making money with cryptocurrencies, many users limit themselves to trading or HODLing of Bitcoin and co. However, there are other interesting ways to make money with cryptocurrencies. One of them is mining. This does not mean that interested parties necessarily have to buy and install their own hardware.
A much more convenient option is cloud mining, which allows you to rent computing power from a data center. This makes it possible for people to mine cryptocurrencies who do not have the possibility to build their own farm, for example because they do not have the technical knowledge. In return, the users pay a small fee so that the provider can cover his costs for hardware and electricity. With YoBit, a new but veteran player in crypto space has now entered the market.
YoBit.net launches Vmining – How good is it?
Already at the beginning of September YoBit launched its Vmining (Virtual mining). YoBit.net is one of the oldest crypto exchanges on the market. It has been active on the crypto market since 2014 and, according to Coinmarketcap, has a trading volume of over 60 million dollars. Due to its user-friendly interface and high level of privacy, YoBit is one of the most popular exchanges worldwide.
As an established cryptocurrency exchange, YoBit knows the importance of a simple and clear user interface. Accordingly, the Vmining is also easy to use. Users do not have to decide which cryptocurrency to mine, they do not have to buy contracts or monitor the use of capacity. The algorithms of the exchange optimize the work for the user to maximize the profit.
Users only have to decide between 6 different options for Vmining. Using the convenient tariff plans, users can buy virtual miners from as little as 300 USD. With the current Bitcoin tariff, the payback period for the miner is only 2-2.5 months, which is a unique result.
Ultimately, Vmining provides users with the power of YoBit, which has its own state-of-the-art equipment and resources. The profit depends on the performance of the selected miner:
Payments are made daily using the MINEX token, the native token of the exchange. Thus, users make a profit every 24 hours in the internal cryptocurrency, the price of which has risen continuously in recent months and is in great demand. It is also important to know that MINEX has a trading pair with Bitcoin (BTC) so that the profits can also be regularly converted into the most popular cryptocurrency on the market.
It is also interesting to know that the price increase of the MINEX token is supported by a completely new development technology in the field of cloud mining. Thus, the following premises apply:
- When you buy a Miner, 90-85% of the BTC funds go into buying support for the MINEX trading pair in MINEX /BTC
- With every purchase of a Miner, the support price in the MINEX / BTC trading pair increases by 0.1% (except for the Micro Miner), and part of the funds are used to support the MINEX tokens mined.
- 10% of the cost of the Miner goes to buy back the Yo token (in the Yo/BTC pair)
- With every purchase (except Micro) the costs of all miners increase by 0.1%.
Reviews about the Vmining of YoBit
Already thousands of satisfied YoBit users have chosen the website for its anonymity, simplicity, smooth operation and high security. Below we have collected some user opinions about the new product, which has attracted attention not only in specialized forums but also in the reviews of numerous YouTube vloggers.
If you would like to try out the new service now, you can do so by clicking on this link.
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