Metamining: Earning Passive Income from Bitcoin
Among the most popular Bitcoin mining pools available on the market today is MetaMining Club.
Based in Abuja, Nigeria, MetaMining Club is Africa's fastest growing blockchain mining operation and provides its clients with the opportunity to benefit from the mining of Bitcoin with minimal effort.
The rise of Bitcoin has left many asking, "how do I get involved?". The recent volatility of crypto market trading means the search for Bitcoin passive income has never been greater.
For some time, one of the most popular methods for making money in crypto has been to get involved in mining. Crypto mining is the validation of transactions across a Proof of Work (PoW) network.
Computers battle to solve complex algorithmic math problems in a competition to process the next block of data on the chain – hence the term blockchain. For doing this, miners are rewarded a portion of the fees charged to those sending crypto.
Mining Bitcoin has proven to be a very lucrative business, with large mining 'farms' set up worldwide. Some of these operations consist of thousands of mining rigs processing many transactions a day.
As you are probably all aware, mining Bitcoin uses a massive amount of electricity, so much so that many Bitcoin mining farms look to locate their rigs in cold climates (negating the need for expensive air conditioning) with low electricity rates.
Mining crypto has become increasingly difficult with recent rises in the cost of electricity and the hardware needed to compute ever-complex calculations. There is, however, a cheaper alternative to setting up your own mining operation. This is what is known as Bitcoin pool mining. With pool mining, no technical knowledge is needed. As the name suggests, you simply contribute to a pooled mining operation that conducts all the hard work for you.
MetaMining Club can manage the entire process for you – all you have to do is invest your money with them.
MetaMining Club has 10 'packages' to choose from, costing from under £2,500 up to £39,000. Each option promises varied levels of returns. For example, if you opt for the CityBoy package costing 7 million Naira (£12,618), you can expect payouts of somewhere between 480,000 and 880,000 (£865 - £1586). Calculations are a little vague, but the website shows that the expected monthly mining output is somewhere between 0.0029 and 0.0043 BTC. All machines used are S91 Antminers, which can process up to 15.2 Terra hashes per second.
MetaMining Club offers the customer the chance to get involved with Bitcoin mining without getting their hands dirty. MetaMining Club hosts machines on their own mining farms and, in turn, connects these machines to major mining pools. This way, MMC can ensure that its returns are among the best in the business.
The high hash rate output is also one of the main reasons MetaMining lub can provide above-average rates of return.
Obviously, investing in crypto comes with risks. However, as miners are not actively trading, the volatility associated with crypto does not have any bearing in this situation. Furthermore, because MetaMining Club connects to mining farms abroad, they do not have to comply with restricting legislation in your resident country.
With any investment, it is important to conduct your own research and due diligence before you decide to part with your hard-earned cash. I advise the same in this situation
Author: Mark Harridge
Mark Harridge first came across Bitcoin and began to use its peer-to-peer payment network in mid to late-2011. He quickly understood that this technology would change the world. Mark is passionate about crypto adoption, from a macro economic and institutional perspective, and the numerous factors that fuel the relentless march towards individual self sovereignty and the decentralised society of the future.