It is the process of cryptocurrency mining, mostly bitcoins, while using the cloud computing power, without installing the hardware and software. Cloud mining helps people to get access to their own account and take part in the process of bitcoin and other virtual money mining. It became available and popular among the wide number of people around the world.

The advantages of the cloud mining

There are some visible positive sides of this process:

it allows the investors to mine cryptocurrencies and reduce the costs associated with the mining;

this process involves mining of the virtual money through leasing;

there are such popular models for cloud mining as hosted mining and leased hash power.

There is also the disadvantage of this type of earning money. It is demanded to the farms and profits.

Models of the cloud mining

These are the necessary things that we mention when talking about this process. the most popular models are:

The hosted mining. Here the customers purchase the mining hardware located in his facility. He can also control his currency.

Leased hash power. This model involves the computing power, that is associated with a cryptocurrency. The investors share profit of the farm from mining cryptocurrencies. This model is famous for the mining of altcoins, not the bitcoins. The person gets the access to the account of the cloud mining company through its website and select certain things like the contract period and hashing power.

So, the cloud mining is one of the growing and developing trends where most of the services (processing, software and others) are done through the cloud in the Internet.

It uses the virtual money, as the bitcoins and others, and also it is verified and added to public blockchain. These main combinations allow people in the any part of the world even with the little technical knowledge get involved into the world of the cloud mining. Djardins-llp.com provides high class mining service, management, and support for the colocation of Bitcoin mining equipment.