Most Bitcoin Cloud Mining Companies are Scams Like the heading says, most cloud mining contracts are scams. Why? Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud bitcoin mining company without any proof of actually owning any hardware. So remember: 99% of cloud mining companies are scams. Which Companies Are Not Scams? There is only one cloud mining company we are willing to recommend on this site: Genesis Mining. Just because they are not scams, however, does not mean that you will make a profit by buying contracts. Note: You need a wallet to receive payouts to. A secure hardware wallet like the Ledger Nano S is a good option. Genesis Mining Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. You can read more about Genesis Mining on their about page. Genesis Mining offers three different Bitcoin mining cloud contracts. All plans are pai
There are two main ways to accept crypto currency as a merchant – either by using your mobile wallet to accept a payment and simply touching phones – or alternatively by buying a PoS or Point of Sale machine. Essentially they are the same thing ultimately – but you might want to have a dedicated piece of hardware to accept all the transactions – assuming business is good! For simply augmenting your mobile into your PoS machine all you need is a wallet – and look at our wallet guide here to choose the correct Bitcoin wallet and features you need on your operating sytsem – whether its Android, Windows or Apple. Some of the most popular wallets are Coinbase, which at the time of writing is in talks with the UK government to incorporate automatic Bitcoin to GBP conversions – but does have the option for automatic Euro and USD conversion for bitcoins price. The process is very simple time the amount to be paid and a QR code will pop up – then present this to the customer who