What is Cloud Mining and How do You Make Money by This

Cloud mining is renting computing power from remote data centres to mine cryptocurrencies.

To get started, you purchase a contract with a cloud mining provider, eliminating the need for hardware and maintenance costs.

Cloud mining earns you passive income by using rented computing power to mine cryptocurrencies and collect coins and fees.

Your income relies on factors like contract costs, maintenance fees, cryptocurrency values, and mining complexity.

For cloud mining, assess risks such as provider reliability, market shifts, and contract terms to make informed investment decisions.

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