Cloud Mining is the mining process through a remote data center with shared processing capability, contracted through a cloud mining company. This type of process allows you to have your own mine without having to manage practically anything. There are companies that offer this service, these companies have a large amount of hardware needed to carry out mining operations on a large scale, require financing to assume the expense associated with the electrical operation of equipment and other payments.
What Is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.