Cloud mining, or remote cryptocurrency mining, is a contentious topic.
Using a remote server to mine currency for you seems perfect for people
who don’t have the money or time to set up a home operation, but it also
seems a bit too good to be true. If a cloud mining company just mined
Bitcoin itself, wouldn’t it make more money?
What is cloud mining?
Cloud mining is using hashing power to make calculations remotely. Like you would do when you render something. You may buy a cloud service that uses video cards to render something, or when you create a website and you need a web server where you put the files where you use for your website, you store them somewhere remotely. Cloud mining is kind of the same way.