Cloud Mining: What Is It? Now that you’ve understood the basic concept of crypto mining, it should be easier to make sense of cloud mining. As its name implies, cloud mining is the process of using cloud computing power to mine cryptocurrencies. In this case, you pay third parties to do all the work for you. In essence, you do not need to buy nor maintain special mining rigs, nor do you need to run a blockchain node. With cloud mining, participants usually either lease mining rigs or rent hash power. The latter is a measure of the power of
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