Crypto Company Gives Individuals a Chance to Mine Bitcoin Without Sky-High Energy Bills

With demand for Bitcoin on the rise in response to soaring prices of late, attention is increasingly being turned to mining.

The market has changed from the early days of cryptocurrency, when Bitcoin was in plentiful supply, as few knew about the opportunity and high mining rewards could be gained by individuals using a small setup at home.

These days, an unhelpful combination of fierce competition, algorithmic difficulties and high maintenance costs often mean it's economically unviable to fly solo when mining crypto.

"Affordable and fuss-free"Hashing24 says its remote Bitcoin mining services give consumers a chance to lease hashing power from industry-leading data centers that have already done the heavy lifting by investing in their own hi-tech equipment for mining cryptocurrencies - predominantly Bitcoin.

PCs and graphics processing units are not enough to cut through the noise in this increasingly advanced industry - and any revenue generated through mining is often outweighed by the cost of the energy it took to get there.

Hashing24 is available hereThis isn't the only hurdle on the horizon, as it can often prove near impossible for a single computer to compete with expansive mining pools, in which groups of miners combine their computing hash rates and distribute any proceeds between themselves.

As an alternative, remote mining services can enable individuals to enter into agreements with data centers that know what they are doing.

Hashing24 sends the mining order to huge processing centers based across Europe, which use equipment with a 100% uptime, and minted coins are delivered on a daily basis.

Is it practical?According to Hashing24, remote mining is not something that is to be embarked on lightly - and there are a multitude of factors that individuals need to take into account.

Hashing24 says one way of weighing up the costs and benefits can be through using a mining calculator, which takes a multitude of factors into account to provide a projection of potential returns in the future.