10 Aug '14, 5am

Bitcoin Mining for Beginners Part I – Cloud Mining

Bitcoin Mining for Beginners Part I – Cloud Mining

It is less safe than a Bank savings account in some ways but safer in others. Depending on your country, your regular archaic bank account is secured up to $100,000 against bank failures. Government failures are not insured though, which citizens in Cyprus had to find out the hard way . That is a benefit of Bitcoin: it is somewhat government proof. The safe part about TimeToBit is that they pay out daily to your Bitcoin wallet, which you can store encrypted & offline on a USB stick in a locker in your home. Many Bitcoin mining companies have been accused of running a Ponzi scheme instead of providing an actual mining service. I am pretty sure TimeToBit is not one of them. They have been very responsive and open by email and overall appear to be a very transparent cloud mining company. Their UK address lists on their website, which also shows up in the government registry ....

Full article: http://www.cryptocoinsnews.com/news/bitcoin-mining-beginn...

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