Crypto mining is an easy way to earn ongoing passive income, as it lets you do so simply by plugging in a machine.

But now cloud mining has emerged as an alternative to simply buying a miner and absorbing its energy costs yourself. This mining model lets you rent computing power so that the mining yields created by it are yours to claim.

But what is the better option between these two mining models? Keep reading for overviews of these two mining methods and their pros and cons.

Hardware Mining Basics

Hardware mining is an independent enterprise that miners themselves are solely responsible for. With hardware mining, you need to buy, install, and maintain your own miner in order to collect the token yields it generates.

For instance, after obtaining a miner, you will need to pay for its power consumption and arrange to install it in an appropriate environment. Some miners need to operate in an air conditioned environment, while others need special equipment or even permits.

Due to these costs of maintaining the right conditions, people investing in hardware miners should ensure the equipment they select is as efficient as possible. MetaBlox miners, for instance, are significantly more efficient than regular ASIC ones because they are simply modified routers.

People doing hardware mining also need to set up a virtual wallet compatible with the tokens they mine.

Moreover, hardware miners need a deep understanding of the type of mining they are doing and the software that helps carry it out.

MetaBlox Hardware Mining

MetaBlox miners issue mPoints which will eventually become available to stake for ROAM tokens after the project’s IDO. While mining, these rigs also establish WiFi connections by verifying decentralized identity credentials or ‘DIDs’ that are stored and verified by blockchain. This interaction with the blockchain enables MetaBlox’s special WiFi routers to mint crypto.

By simply downloading the free MetaBlox app, anyone can access the global WiFi roaming network provided by MetaBlox miners, without ever having to enter login data! Users also get automatic access to the over 2 million OpenRoaming hotspots provided by the WBA (Wireless Broadband Alliance).

Cloud Mining Basics

Cloud mining is different from hardware mining because cloud miners do not actually own the mining computers issuing their tokens. Instead cloud mining usually works by renting equipment or purchasing the rights to the tokens issued by a miner. Profits from the miner are accessed and withdrawn via the cloud, usually through an app or desktop website.

Cloud mining allows the process to be carried out using the resources of a provider, allowing customers to reduce costs. Services required for mining are easily obtained remotely through the internet, hence the term ‘cloud mining’.

Cloud mining is becoming a popular mining method because the miners work remotely and their maintenance costs are often covered by the provider. This service eliminates the onus of high installation and operating costs, and of needing advanced mining knowledge.

MetaBlox Cloud Mining

MetaBlox has launched a cloud mining NFT to support the deployment of its WiFi OpenRoaming network. Each NFT sale supports the deployment of a MetaBlox miner, and secures the holder the rights to all the mPoints/ROAM generated by a miner in a high-traffic location.

Since they’re maintained by MetaBlox, these miners come at no cost for NFT holders, who will make ongoing income from the mining profits.

MetaBlox NFT holders will be able to seamlessly collect these tokens via the MetaBlox app, and can load them onto their crypto wallets.

The MetaBlox NFT is currently available on BinanceNFT.

Cloud vs. Hardware Mining

While hardware mining requires quite a lot of knowledge, dedication, and investment, cloud mining is cheaper and doesn’t require expert skill. On the other hand, token yields may be higher for hardware miners, who can take advantage of the full processing power offered by a rig rather than what is sometimes the fraction of this offered by cloud mining services.

But anyone who’s just starting out with mining should look into cloud mining.

To learn more about cloud mining and how the MetaBlox NFT earns holders ongoing rewards, visit MetaBlox’s website and social media channels.