The cloud mining system is a set of ASIC farms that are integrated into a common network, under the control of the host computer. Cloud mining services offer customers to rent cryptocurrency mining facilities in remote data centers.

It happens like this: the client registers on the site, chooses the cryptocurrency (which can be minted), the number of capacities and pays the bill. Mining usually begins within 2-3 hours after payment. Some cloud mining services charge an extra fee for used electricity (MEF). But in this case, cloud mining is more profitable than the traditional one, since data centers are usually located in regions with low electricity costs.

The benefits of cloud mining

This solution has several advantages:

no need to invest large sums in the purchase of equipment;

There is no need to engage in the installation, configuration and maintenance of the network, as well as to take care of paying electricity bills and cooling the room;

the customer does not waste time on equipment delivery;

cloud mining does not require technical knowledge and skills (to build a cloud farm);

cloud mining services offer convenient tools for profit forecast and statistics;

In most services, the profit is paid daily, which allows you to keep the profitability of the equipment under control;

Some services allow you to sell power contracts on domestic exchanges, thanks to which you can return your investments at any time;

The equipment in the data centers operates 24 hours a day without interruption, thereby ensuring stable profitability.

The profitability of investments in cloud mining cryptocurrency depends on the current complexity, the exchange rate and the cost of the contract. You can calculate the profitability of investments using a special mining calculator.

But, since the complexity and exchange rate value is not constant, these calculations will be inaccurate. Also, different yields are demonstrated by contracts for different cryptocurrencies.