So if you dont know about bitcoin im pretty sure you are wondering what mining and bitcoin have to do with each other, but mining in the crypto world is a lot different to what you think it is, mining in a simplified way is how cryptocurrencies such as bitcoin work! it is a network of people using computing power that makes transactions happen on the blockchain, the blockchain is a digital ledger of transactions that is impossible to alter.
Without going into too much detail what mining is, the idea is you can either use your own hardware to mine cryptocurrency coins which requires high preformance graphics cards or CPU's or even specific machines made for the purpose of mining, but these are expensive and seem to be obsolete now because of cloud mining contracts.
Instead of using your own hardware and paying high electricity bills, companies have made mining "farms" and they sell the mining power to you, it may sound complicated but it is really simple, you pay them for a specific amount of mining power and you get a daily return from that mining power, for example a company called hashflare is selling 7TH/s of mining power for $1050. By using a calculator provided by CryptoCompare
Cryptocompare Bitcoin Mining Profibility
You can see that 7TH/s would give you around $15 per day making you $5500 in 1 year making it a worthy investment, the profit could rise or fall depending on bitcoins price and the difficulty of it being mined.
You can purchase from $1.50 to $15,000 of mining power and they are 1year contracts.
Also you can do the same idea with reinvesting as bitconnect, you could start with a $300 investment which is 2TH/s and click the reinvest button on the site and within 6 month you could have built up to a 21TH/s giving you a monthly income of around $1600.
Hashflare has been around for over 3 years!
join here: https://hashflare.io/r/6DDAF03F
There are other trustworthy mining contracts but most are out of stock.