Hello guys,
Probably going to be met with eye-rolls and "noob!".... But anyway, I'm brand spanking new to, and still pretty intrigued by cryptocurrencies and how they work. I have the basics down, I've done some research and I think I'm ready to start mining for bitcoins. Since I don't have the resources available to me to efficiently run my own hardware, I think that cloud mining is a better fit for me. I started an account on GenesisMining, and was instantly met with terms like Th/s, Gh/s, Mh/s, and other things that make no sense to me, with no explanation.
Can someone who is an expert or at least knowledgeable please give me a good recommendation on what the best cloud mining service is, and at what rate I should mine for the most cost-effective results?
(I do not plan on using cryptocurrencies for any unethical or illegal purpose.)
I like your disclaimer
, ok to give you the answer regarding cloud mining,you are purchasing the Hash rate in cloud mining,Kilohash or KH/s thousands of hash per second,Megahash or MH/s millions of hash per second,Gigahash or GH/s billions of hash per second,Terahash or TH/s trillions of hash per second,Petahash or PH/s quadrillions of hash per second,to calculate how much profit you can earn from mining,you can just search in google for bitcoin mining calculator. i suggest you to stay away from bitcoin cloud mining,i don't think so it is profitable, just use the calculator and find out by yourself.