What is Cloud mining ?

Cloud Mining is the process of mining utilizing a remote datacenter with shared processing power often contracted through a Cloud Mining company. This type of mining allows users to mine Bitcoins without having to manage their own hardware. Since cryptocurrency cloud mining is provided as a service there is generally some cost, and this can result in lower returns for the miner. Most of all, the services of the bitcoin cloud mining are used by the users from the countries with an expensive electric power supply, which doesn’t allow them to create mining rigs by their own.