This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.
Types of Hosting
Users of hosted Mining equipment can either lease a physical mining server or a Virtual private server and install mining software on the machine. Instead of leasing a dedicated server, some services offer hashing power hosted in data centers for sale denominated in Gigahash/seconds (GH/s); Users either select a desired amount of hashing power and a period for the contract or in some cases can trade their hashing power.
- "Cloud Mining - How to Mine Bitcoin without a Miner". CoinDesk. Retrieved 1 September 2015.
- David Lee Kuo Chuen (2015). "Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data". Academic Press.
- "Bitcoin Cloud Mining Contract Reviews". Bitcoin Mining. Retrieved 28 June 2017.
- "About Bitcoin Cloud Mining". Cloud Mining Report. Retrieved 2 January 2018.
|This article about a cryptocurrency is a stub. You can help Wikipedia by expanding it.|