Cloud Mining

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Definition

Cloud Mining is the mining method that uses a remote data center with shared processing power that is often contracted by a cloud mining business. This sort of mining enables people to mine Bitcoins without their own hardware being managed. Since cryptocurrency cloud mining is supplied as a service, some costs are usually incurred, which can result in reduced miner returns. Most of all, the Bitcoin cloud mining services are used by customers in the nations with an costly electricity supply, which does not enable them to build their own mining plants.

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