Cloud mining has become riddled with fraud from non-existent miners to elaborate Ponzi schemes robbing thousands of people. They manage the miners, organize the pool, and optimize the operation for best returns on investment. You simply rent hardware from someone else for an agreed amount of time.
Mining Ethereum: What’s Your Purpose?Ĭloud mining can be considered the most approachable, however, we recommend extreme caution before proceeding.įor many people, the allure of cloud mining seems like hands-off free money. While they are not mutually exclusive, each level requires varying amounts of technical knowledge and hands-on involvement. In general, there are three levels of difficulty in mining: cloud mining, hobby mining, and profit mining.
However, native hardware included in most Apple computers might not be enough to turn a profit, yet it is still a great way to get experience with mining. Mining Ethereum from a Mac has become increasingly accessible with more user-friendly interfaces being developed.
