Renting mining hardware and capacity from a remote data center. Users pay for hash rate without managing physical equipment. High scam risk — many cloud mining services have been fraudulent.
Renting mining hardware and capacity from a remote data center.
Users pay for hash rate without managing physical equipment.
High scam risk — many cloud mining services have been fraudulent.
This mining concept is essential for understanding how proof-of-work blockchains secure transactions and create new coins. Important for miners evaluating profitability and hardware decisions.