Cloud mining refers to crypto mining done in the cloud.
Cloud computing is that form of computer processing that is not done with one’s own machines locally, but is delivered as a service via the Internet by third-party machines residing elsewhere.
Thus cloud mining in the strict sense is not mining, but the use of a mining service provided by a third party.
True crypto mining
Crypto mining means searching for an alphanumeric string that validates a new block to add to a Proof-of-Work (PoW)-based blockchain.
Currently, the only major cryptocurrency still based on PoW, and therefore that can be mined, is Bitcoin, followed by Dogecoin, Litecoin, Bitcoin Cash, Monero, Ethereum Classic, and many others.
Effectively, however, crypto mining is almost totally dominated by Bitcoin.
Whoever can find the hash that validates a block not only validates all the transactions in it as well, but also adds it to the blockchain, earning the right to receive a reward.
Currently the rewar
We współpracy z: https://en.cryptonomist.ch/2023/09/02/what-cloud-mining-how-does-work/
