Login All news Marketcap Crypto Glossary Exchange Crypto meme
2024 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Cloud Mining

Running mining devices is a rather complicated task, which turns many people away from engaging with it. Cloud mining companies spotted this business opportunity and started to rent the mining power they possessed.

Now there are many dedicated mining operations setup in countries/locations with favorable electricity pricing and cooling options, that rent hashing power to anyone who shows interest.

So a cloud miner is actually mining cryptocurrency by using rented hashing power. This is usually less cost effective than owning your own mining hardware, but it's also much easier to manage.


Top Gainer24h
CPChain
$0.2054
9754400000000.00
Top Looser24h
Mobius
$60.287
-72.87
Crypto Glossary
Arbitrage
Taking advantage of the price difference for the same coin on different exc…
Node
Node is a copy of the ledger, storing all the transactions done from the be…
Mining rig
Mining rigs are computers built specifically for the purpose of mining POW…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.