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Much like gold, it can have monetary value. Whether you are spending or accepting btc as payment it is prudent to understand how a transaction works. How does bitcoin cloud mining work? With cash app users can buy. This is a question often surrounded by confusion, so here's a quick explanation!
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The basics for a new user.
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Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash.
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You pay the company and rent out some of the hardware.
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