OMC is a mining platform for mining Bitcoin (BTC), which is safer to use and works faster. It was developed in the year 2017, and since that time, it is working in the industry, offering cloud mining services for cryptocurrencies, including the world’s biggest cryptocurrency, Bitcoin. The developers of OMC claim to have developed the top cloud mining platform of the world integrated with up-to-date deployment technology.
START EARNINGOMC Inc. is the world's leading full-service blockchain technology company and one of the largest infrastructure providers in the crypto ecosystem.
In order to use the hash rate produced by Bitfury and Bitmain, Hashing24 has developed a software solution that allows you to purchase the hash power via a user-friendly interface and monitor your account balance updates.
What is cloud mining?
Cloud mining is the cryptocurrency mining process that allows the individual user to participate in mining by renting computational power via the cloud, without the need to install hardware and software.
However, let's take a step back, and try to understand what cryptocurrency mining is.
Mining is the decentralized computing mechanism for processing, securing, verifying, recording, and synchronizing all cryptocurrency-related transactions and for putting new cryptocurrencies into circulation.
How cloud mining works
The cloud mining service can be offered by physical or virtual mining servers. There are three cloud mining models for renting computing power:
Virtual Private Server (VPS), requires renting a server and installing mining software.
Hashing power lease: An agreement is signed for the lease of a share of the hashing power of the cloud mining company. The user chooses the computing power to rent and the earnings are proportional to the power purchased.
Hosted mining. This third solution requires the mining company to bear the expenses of the miners, such as hardware maintenance and consumption. However, this is not a widespread method, although it is gaining acceptance.
Is cloud mining legal?
Cloud mining is legal worldwide, as are mining and holding cryptocurrencies (provided that fiscal monitoring is done correctly via the RW Framework).
How many Bitcoins are left?
One of the most common questions that those who want to start mining ask themselves is how many Bitcoins are left to mine.
The Buy Bitcoin Worldwide website provides up-to-date statistics on how many Bitcoins are left to be mined and how many have already been issued. In May 2022, it is estimated that 900 new tokens will be mined every day, which brings the number of Bitcoins in circulation to over 19 million, equal to 90.73% of the total. One of the peculiarities of Bitcoin is its scarcity to ensure controlled inflation of the currency: in the white paper released by Satoshi Nakamoto it was specified that the issue of Bitcoin is scheduled to reach "approximately" 21 million total Bitcoins, approximately by the year 2141.
For a Bitcoin miner, it is essential to know this data, since the reward of the mining process is determined by the source code and the scheduled time for the distribution of the reward. Every four years or so the reward is halved: it currently stands at 6.25 Bitcoin.
How to make a payment and lease a contract.
The company allows customers to purchase cloud mining contracts through cryptocurrency wallets and through different payment methods, debit cards and credit card wire transfers. First of all, crypto investors can pay their miners via any credit card or wire transfer. It is also possible to use one of the affiliated exchanges. Finally, any cryptocurrency wallet is accepted here. Make a deposit on OMC with Bitcoin if you already have one.
Withdrawals
Crypto investors who trade with OMC note that the platform provides automatic monthly payments. If you want to get paid, make a request in the Withdrawals section.
Payments via Bitcoin wallet. Let's say you want to withdraw the rewards from cloud mining directly to your cryptocurrency wallet. In this case, you have to enter your Bitcoin address and the amount. It's simple because it actually takes a couple of clicks.
Support
Feel free to contact the OMC support team if you have any questions about the contract options, mining process, or withdrawals. Remember that they are available 24 hours a day. The average response time is around twelve minutes. In addition, it should be noted that each user receives a personal manager who will help him solve any problem in a matter of minutes.
Tools for extra income
For those who want more, OMC offers some extra features. First, you can join the affiliate program to increase your cryptocurrency income by inviting your friends to mine Bitcoin. To join the program, find your referral link in the Account section (Option active on OMC only for clients who have rented the Gold contract, etc). Additionally, OMC allows clients to reinvest their rewards to create increased passive income over the same term. Plus, you can extend your subscription to continue the mining process.
Summary
Among the numerous cloud mining companies, OMC looks like a natural gold bar. With a provider with mining pools in the USA, CHINA, MALAYSIA, etc you get the opportunity to make a high profit by renting hash power to mine BTC. The company is definitely an excellent choice for novice investors. As well as for experienced miners looking for reliable and profitable cloud mining websites.
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