3.5.0. How to Benefit from the POW Mining
To buy the ASIC machine, fund the high electricity usage, and continually service your system to remain competitively advantageous in POW mining today is capital intensive. Thus, the most effective way to participate in POW is to pull resources together and form an association to set up the POW system. Any Bitcoins mined by the association is then shared among the contributors to the association.
This is the idea of Pools and Cloud Mining!
There are companies offering such shared mining potentials to anyone who invests into them. One such major company is MineBest, which has Mining City as its marketing arm. Thus, you can purchase a POW mining plan from Mining City to mine Bitcoins or any other coin being mined by the company. Your money is teamed up with other people’s money to buy and set up a POW mining system for you. As the machine mines the coin, you get your mining reward being sent into your ward daily!