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Cloud Mining

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 Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network