Welcome to all inquisitive and intellectuals who are eager for new knowledge! Today we will talk about such things as cloud mining. We will try to understand in detail all the nuances of this new phenomenon in our life. Let us first find out: what is cloud mining?

What is Cloud Mining?

Cloud Mining is a way to earn Bitcoins or another cryptocurrency using a remote data center, that is, you can make money without managing the equipment! Cloud mining is a replacement for farms (of course, for the extraction of cryptocurrency). The reason for this replacement was the disadvantage of the latter, since it requires huge expenses for special equipment and electricity. Among the services that provide this service is very popular: http://cryptotek.me

Kinds of cloud mining

Cloud mining is divided into only two kinds:

1) Free Cloud mining, that is, mining without investments;

2) Paid (found more than the first).

Companies that provide free mining, that is, the use of power for free, earn like ordinary cranes. The second type receives income from providing power for rent and commissions for it.

Types of Cloud Mining

 Along with the division of Cloud Mining into kinds, there is also a division of it into types. Now more detail about this.

1) Hosting. The supplier leases to you the facilities that he has at his disposal;

2) Virtual hosting. Rent a virtual server, but here you will have to tense up a bit, as the software installation is yours;

3) Power rental. That is, the power rental itself, without physical contact with the equipment and software (software).

Cloud Mining working principle

Services, companies or someone else, in general, this or that which rents equipment, or power, receive (em) income from this. cloud, thereby speeding up the extraction of these virtual currencies. It is also pleasant to note that fraud in this area is impossible, for some reason, which I will not describe here.

 Like everything else in this world, Cloud Mining has its advantages and disadvantages. Let us take a closer look at this.

Benefits of Cloud Mining

1) Earnings, with minimal investment;

2) There is no need to monitor the equipment and pay electricity now;

3) Earnings are much higher than in the ordinary Meiningen;

4) Do you want to mine several cryptocurrencies simultaneously? No problems;

5) Ability to start Cloud Mining in test mode;

6) The more of us the better! Attract new users and you are waiting for gifts!

 Well, as you can see there are plenty of advantages, and now to the minuses.

Minuses

1) Not all, of course, but there are companies that, in case of a decrease in the exchange rate, may suspend payments;

2) Breakdowns in data centers are not such a rarity;

3) There is a risk of hacking;

4) Paid the commission, reduced profit!

5) There is no possibility in the future to change the software.