In uncertain times, investors often demand some strategies that are not directly affected by the daily price fluctuations of their assets. Thus, methods of generating a steady stream of passive income have gained more attention for offering cushioning during market downturns.
Unlike most of the mining techniques that require their users to make substantial investments in hardware as well as keep it at home inside their premises, cloud mining does not require such a bothersome matter. It lets someone compete as if they have a whole mine in operation; it takes care of all the equipment at the data center, and the user who rents out just a portion of it can go ahead and mine. One example of a well-known platform in this space is BAY Miner, a mobile cloud mining app that allows users to earn daily profits on contracts denominated in USD. Being denominated in USD gives one the freedom to weather the market fluctuations of BTC or XRP, while earning by obliging the dollar.
While evaluating these platforms, the informed consumer would usually consider:
The view lends to the consideration that most investors want their money to work for them via some yield-producing avenues, especially in times of bear markets. Rather than holding assets (also called HODLing), one would rather be able to create a predictable cash flow.
Usually, one has to enroll to set up an account, pick from a plan that fits his or her budget, and then activate the membership. Returns are typically credited daily, while options for withdrawal or reinvestment are offered.
There is nothing more comforting to investors, bruised by market volatility, than passive income. Always do your due diligence. Understand every detail of the contract, fee structure, and track record of the provider before investing.
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