Now, you can mine Bitcoin without having to crawl into the deep, dark, dank earth. If you’re new to Bitcoin, this ultimate guide will show you the ropes to get you started with investing in this currency by teaching you how to cloud mine Bitcoin. What is Bitcoin and why would I want to invest in it? Bitcoin is a digital currency that does not fall under the control of any bank or the regulations of a particular currency. For this reason, Bitcoin can be used to make anonymous purchases. Because of this, Bitcoin and other digital currencies are also known as cryptocurrencies. The potential to triple in value can make Bitcoin an exciting investment opportunity.
For the purposes of this guide, we’re going to stick with the third method: How to cloud mine Bitcoin. The good news is that you don’t need a lot of equipment. Unlike climbing into a physical mine where you need safety equipment, lighting equipment, and mining equipment, you just need a computer and local bitcoin wallets. What is a Bitcoin wallet and why do I need one? You probably keep your money, credit cards, and identification in a wallet that you can tote in your purse or pocket. A Bitcoin wallet works just like a physical wallet, except that it’s digital. It will store your mined Bitcoins for you, as well as serve as your identity in the Bitcoin market.