# Cloud Mining Providers
Mineex is a currency that is based on Ethereum, a worldwide platform for applications that run exactly as programmed without any chance of fraud, downtime, censorship or third-party interference. Mineex offers its holders to trade in their coins for the most popular cryptocurrencies, including Bitcoin and Ethereum.
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Last updated on May, 20
Good value for money
Great for transferring data
Money back guarantee
Don't waste your time
Buy and Sell
Multiple Supported Cryptocurrencies
Payouts in Cash
Buy and Sell Hashrates
Buy and Sell Cryptocurrencies
Windows Desktop Software
Free Account Signup
No Pool Fee
Last updated on May, 20
Frequently Asked Questions
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Is Mineex legit?
Mineex.biz is a blockchain-based platform that allows people to invest in the future of cryptocurrencies. It is a unique platform where users can earn money and get access to some of the most popular cryptocurrencies.
The platform was created by a group of experienced entrepreneurs, developers, and investors who are all trying to make sure that Mineex.biz is a success— it has already attracted over 100,000 members in just two months after its launch.
Mineex.biz offers an easy way for people to invest in cryptocurrencies without having to worry about technicalities or high risks associated with investing in digital assets.
What is required to mine cryptocurrency?
Cryptocurrency mining is a resource-intensive and energy-intensive process that has been in the spotlight recently due to its high profitability. In recent years, mining has also evolved into a highly technical process requiring significant knowledge about computer hardware and software.
For starters, cryptocurrency is a digital currency that is not tied to any government or central bank. There are many different types of cryptocurrencies, with bitcoin being the most widely used.
To mine cryptocurrency, you need a PC or ASIC miner and some electricity. You can also use cloud mining services which are much more affordable, but usually require a higher investment in the long run.
Cloud mining services aren’t considered a long term investment, but rather a way of getting into the market for a shorter period. Another option is to purchase some digital currency from an exchange. You can then use that currency to mine other digital currencies and get back even more money, unless they are too expensive. All in all, cryptocurrency mining is a great way to generate a steady and passive income, but be warned that you may not always get rich using this method.
What is bitcoin mining?
Mining is the process of using computer hardware to perform complex mathematical calculations for the purpose of securing a cryptocurrency network. Bitcoin is a popular cryptocurrency that can be mined using a computer.
The Bitcoin network has to confirm transactions and increase security for safety reasons. It is not an easy process, requiring both time and specialized hardware; however, it’s necessary to confirm transactions on the network and secure it. Bitcoin mining is the process in which bitcoins are released to come into circulation. When you mine bitcoin, you are lending your computer's processing power to verify other people's transactions, which are then recorded in the public ledger, or blockchain.
Rewards for mining bitcoins are agreed-upon by everyone in advance, and the block reward is fixed at 25 coins. This means that new coin generation goes to the miner who discovered it before it's released. By convention, the first transaction in a block is a special transaction that produces new bitcoins owned by the creator of the block.