Cryptocurrency is a lucrative but extremely resource intensive process that required a significant amount of processing power and dedicated hardware. Many cryptocurrency miners invest a large amount of capital in mining equipment, but a new method of mining has recently become extremely popular.
Cloud mining is a relatively new way to capitalize on cryptocurrency mining that doesn’t require miners to invest in or set up extensive and costly dedicated mining equipment. Instead cloud mining platforms do most of the leg work for miners, setting up massive dedicated data centers that they then lease out to miners.
Coinomia is one of the more established players in the cloud mining sector, and was launched in 2014. In this article, we’ll take a look at the Coinomia platform and find out what it offers to help you determine whether it’s the right cloud mining platform for you.
What Is Coinomia?
Coinomia is an extremely straightforward and streamlined cloud mining platform that makes setting up a cryptocurrency mining venture extremely simple. Offering three different crypto mining methods, Coinomia facilitates Bitcoin mining, Ether mining, and X11 mining, which covers a range of different cryptocurrencies.
Coinomia offers three different cloud mining packages:
- Pool Contract: This package is the lowest priced package offered by Coinomia, and delivers a fixed mining power of BTC 3TH/s, or ETH .5 MH/s
- Machine Contract: This mid-range option provides BTC 30TH/S, or ETH 5.8MH/s
- Rack Contract: The highest option offered by Coinomia delivers a PV of 115, and provides a mining power of ETH 57.7 MH/s or BTC 300 TH/s
Cryptocurrency mining is one of the most popular ways to generate income online, but requires a significant amount of startup capital. The Coinomia platform removes this barrier to entry, and allows anybody to access the income provided by mining. If you’re interested in cloud mining, the Coinomia platform is definitely worth taking a close look at.