Cloud Mining

    The process of mining cryptocurrency using a third-party provider by purchasing a cloud mining contract is known as “cloud mining.” It is not necessary to own the associated hardware. You typically pay a fixed amount of cloud computing power (measured in hashes per second) for a set period of time in exchange for the mining rewards associated with your contract. You can also lease the mining rigs (typically application-specific integrated circuit (ASIC) miners), which provides more flexibility but typically includes setup and maintenance fees.