What is Cloud mining
Cloud mining is the process of using the power of the hardware to extract the cryptocurrency (like Bitcoin or Litecoin) remotely. The cloud mining arose because the growing difficulty of the mining industry has made it unprofitable for mining enthusiasts to exploit Bitcoins at home.
Cloud mining offers people a unique opportunity to start mining cryptocurrency without the need for large upfront investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth developing some details, in particular, it is important to note that remote mining comes in two forms: hosting or cloud mining.