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Cloud mining

Table of contents

What is it about?

As with regular mining, miners use remote processing power leased from companies in areas with lower electricity costs.

A business model that allows people to participate in mining even without owning the appropriate hardware. Here, a provider rents mining power to interested users. The users pay a fee for the provision of the service. The main advantage is that the miner does not need any technical knowledge and therefore does not have to worry about hardware issues such as compilation, purchase and maintenance. Providers are mostly mining farms that generate additional income. However, the choice of the provider must be made with a certain care. There are also some dubious providers.

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