The mining of the cryptocurrency by directly running the software in a device is known as cloud mining. It includes the mining of Bitcoin or other cryptocurrencies.
Types of Cloud Mining Models
1. Lease Hash Power2. Host Mining
Why we choose cloud mining?
Here no electricity bill, no maintenance, no heat, no space needed, no noise, no hardware needed, So this the best to choose cloud mining.
1. Less investment2. No electricity bill.3. No hardware4. One profit option5. Work on contract
1. More investment2. Electricity bill was more due to AC.3. Hardware was needed4. High profit Option5. No contract & other coin mining option
How Cloud Mining Platforms Work
1. Choose cloud mining site
2. Create account & deposit fund
3. Choose cryptocurrency to mine
4. Collect your share when they mature
The advantages of cloud mining are that they reduce overall costs associated with mining and allow everyday investors, who may lack sufficient technical knowledge, to mine cryptocurrencies.
Advantages
Cloud mining is considered to be one of the more convenient methods for generating digital coins.
Cloud mining is very profitable if only you are using the real and legit mining website because some are fake and scam.
Cloud Mining Apps
1. Crypto Tab Browser2. Stormgain3. Honeygain& Many More