Due to the rapid growth of the popularity of cryptocurrency, various types of its production appear. Therefore, as well as experienced miners, the beginners are looking for the most profitable ways to earn virtual money. There are two main types of crypto money mining – hardware and cloud mining, so many miners are interested which of them will bring less costs and more profit. Each method has its own nuances, advantages and disadvantages. Hardware mining – is purchase of equipment and mining of coins with the help of it. Cloud mining is a purchase of a share of equipment in a company engaged in physical mining, which is more profitable and less burdensome than the first option. So it is hard to compare these methods and claim for sure which one is better. But obviously financially it is a lot easier to start cloud mining.
Cloud mining software
Setting up a computer to earn a cryptomoney is still a problem. Fortunately, there are some operating systems created to work with crypto-currencies, which make everything much easier.
Users can schedule tasks, run applications and manage peripheral devices. Nevertheless, EOS will be more like an OS for a blockbuster and at the same time will present a decentralized standard. EOS will support most future applications related to crypto-currencies.
One of the most striking names is PiMP. It is a portable, instant search operating system based on the Linux kernel. It supports most popular cryptoresources that support proof of operability, is compatible with all algorithms and equipment, and also provides integrated monitoring and management of mining. In addition, the developers claim that this OS can improve the profitability of the process.
For miners who are interested in Ethereum mining, ethOS will certainly be an interesting option. This 64-bit Linux OS is suitable for mining this type of virtual currency, as well as ZCash, Monero and some other types. There is also a built-in function for exchanging of altcoins with bitcoins. After booting the operating system, it will automatically detect the hardware and run the job. Users do not need to install or configure drivers, but need to configure the settings for the pools.
Despite the fact that ROKOS is not intended for mining, it is one of the best cross-platform operating systems for bitcoins and altcoins.
ROKOS allows users to customize production for BTC and OKCash, as well as other ALTC, for the production of which the package solutions are suitable. This is a powerful OS that can work on “light” equipment. In addition, the entire OS is fully configurable, giving users an unlimited choice of the required functions.
The essence of cloud mining is that the miner rents equipment that mines currency for him. He does not need to repair the combing equipment in his apartment, pay for electricity, etc. Cloud mining goes on the machine. The user also pays for the maintenance of leased equipment, from his income and receives a profit. Payback period from 4 to 6 months, depending on the course. For greater success, user must reinvest each month of 20% of income, so that profits increase, and contracts are extending.
Cloud mining contract
Purchasing a contract, the client assumes all the risks associated with increasing the complexity of the network, changing the rates of cryptocurrency, and other similar factors that can directly affect his income. Under good circumstances, such contracts may have ROI (investment return period) between 12 and 18 months. Although this may seem quite a lot, especially with the high risk indicators, but using reasonable and faithful companies, we recommend, it would be Genesis Mining, HashFlare and CCG Mining there is a great option to convert money into a cryptocurrency and, possibly, to get an additional income. New contracts for cloud mining Bitcoin, Litecoin or Ethereum now are good due to the fact they have a fairly good profitability, compared with other contracts on a market.
Cloud data mining
Data Mining is used for obtaining highly useful information from raw data. The integration of data mining techniques has become a common thing. People are confronting with targeted advertisement daily, and data mining methods help businesses to become more efficient by lowering costs. Data mining processes and applications are utterly needed in the cloud computing. The realization of data mining methods through Cloud computing can allow to withdraw significant information from virtually integrated data storage that reduces the costs of infrastructure and safekeeping.