Because of the expense and technological requirements necessary to mine cryptocurrency, most are prevented from taking advantage of this lucrative enterprise. For this reason, Cloud Mining was established to allow the less experienced to acquire cryptocurrency on a minimum budget, utilizing the resources of the larger computer systems.
Until very recently, cryptocurrency mining was something only computer geeks and programmers could participate in. Cloud mining has changed this by removing the requirement for users to own mining hardware or have any mining technical expertise. This has dramatically increased the overall cryptocurrency mining pool by including more average enthusiasts.
Cloud mining has made it so easy for even beginners to engage in, more people than ever are finding cryptocurrency mining to be profitable.
Proof of Work and Proof of Stake are two different types of computer algorithms that are used to derive value from cryptocurrencies such as Bitcoin and Ethereum.
Syntropy Cloud Mining is the first cryptocurrency mining platform to utilize Proof of Stake consensus methods. That sounds interesting but what does it mean?
This video provides a simplified explanation of the two methods to help you understand the mechanisms that drive digital currencies.