Earning from Binance Without Trading: Cloud Mining on the Binance Platform

[00:02] today's video, I'll show you how to turn your phone into a money-making machine, generating passive income from Bitcoin without any trading on the Binance platform. All you need to do is cloud mining on Binance. Cloud mining means you'll mine

[00:14] Bitcoin directly on the Binance platform without purchasing any mining equipment. This is because traditional Bitcoin mining requires purchasing mining hardware, which can cost up to $13,000. However, with cloud mining, Binance either buys mining equipment for you or rents

[00:29] mining equipment on your behalf, offering packages you can subscribe to. You can mine from the comfort of your home without having to buy the equipment yourself or deal with the hassle. All you need to do is subscribe to a mining plan offered by Binance at a price that suits your budget. So, grab your coffee and let's get started!

[00:42] We'll explain how to use cloud mining on the Binance platform. First, open the Binance app and log in to your account. If you don't have an account, you can register using the link in the video description below. You'll receive a lifetime 20% commission on the platform's earnings. After logging in, click

[00:56] on the "More" button on the homepage and scroll down to the " Quarters" section. From there, you can click on " Cloud Mining" or "Binance Pool" to access the cloud mining page. If you're already on the Binance Pool, click on "Cloud

[01:10] Mining" again, as you can see. On the cloud mining page, you'll see the available cloud mining plans. Currently, only one plan is shown, Currently, only one plan is shown, which allows mining for 90 days. The minimum

[01:24] which allows mining for 90 days. The minimum subscription amount is $88.37 USD per hash, and the mining duration is [missing information]. From January 17, 2024 to April 15, 2024, there's still a

[01:37] month and a half until mining starts on the platform. So, if you see a plan available and mining is still some time away, I advise you to subscribe immediately. Don't hesitate, because the plan could fill up at any moment, and you might not be able to join.

[01:51] This is the plan I saw at the time of recording this video, but at the time of recording this video, but past videos, and also liking the video so it reaches as many

[02:06] people as possible and everyone can benefit. Keep in mind that the subscription fee of $88.37 covers the cost of purchasing a single hash and the electricity costs for editing. To subscribe to the plan, all you have to do is click Clicking "Buy Now" will take you to the

[02:22] plan page, which contains all the details you might need to adjust or understand before purchasing the plan. The first section is "Product," where you determine your investment by setting the desired hash rate.

[02:38] desired hash rate. One hash, as mentioned, equals $88.37. Increasing the hash rate increases the investment amount. For example, setting it to two hashes would cost $16.75, and setting it to ten hashes would cost

[02:55] $16.75, and setting it to ten hashes would cost $83.79. The higher the hash rate, the higher the investment. Below, you'll find information about the plan, such as the mining period, duration, and where your daily earnings will be deposited (the funded wallet). Finally,

[03:11] you'll find a calculator section that allows you to calculate your profits. How much after the end of the adjustment period? But first, keep in mind that all the calculations you can do here are just assumptions and aren't necessarily guaranteed. What you'll do here is an estimated prediction of the

[03:28] expected profits from your plan subscription based on the hash rate you set above in the plan and will pay for, and of course, in addition to the price of Bitcoin after the end of the adjustment period. For example, if we set the hash rate we'll pay for to be 10 hashes, and then go back a little to the calculator and move

[03:45] this bar, and we say that the price of Bitcoin will reach, God willing, 6,000 by the end of the subscription plan (and of course, I'm giving an example, so don't take this price as a definitive prediction or financial advice),

[03:57] then the total cost we'll pay here will be $83.79, and after 90 days of mining, we'll get back $104.16, meaning the net profit is approximately $20, with a profit percentage of

[04:11] 24.5% is a very good profit rate. Of course, the higher the hash rate, the higher the profit. Also, the higher the price of Bitcoin in the future, the higher the profit percentage will be. So you can say that it depends on the future price of Bitcoin and the hash rate we buy.

[04:27] Finally, you will see the payment details, which show a total of $83.79 per 10 hashes. Of course, you pay in USDT, where 1 USDT is equal to 1 USD.

[04:39] After that, you agree to the terms and click confirm. But remember that once you buy and confirm, you cannot cancel orders or get refunds until the end of the adjustment period. Of course, your profits will be deposited into your funding wallet daily during the adjustment period. And that concludes the explanation of the method in

[04:55] full. If you have any questions, write them in the comments below, and I will answer all of them, God willing. And don't forget to subscribe to the channel and like the video. Peace.