Cloud Mining

Another way to mine bitcoin is through cloud computing or often referred to as cloud mining. So in this case, you only need to rent the necessities for mining, which are usually provided via internet services. In this case you don’t need to buy a device to mine the bitcoins. since there will be a company that provides mining facilities, so you only need to buy the mining contract or shares. it could be that the company is located overseas, so the costs charged are also getting cheaper. Cloud mining is also considered more practical hence many ordinary people use it. The difference with pool mining is that the mining pool rented all of the equipment, while in cloud mining what you rent is only the hash power. So the computing device remains from you. In this case, a special fee will also be charged for renting the hash power.

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