coding_tacticalDec 28, 2021 · 3 years ago7 answers How does cloud mining work and is it profitable in the current cryptocurrency market?
Cloud mining refers to the process of mining cryptocurrencies such as Bitcoin or Ethereum remotely, using shared processing power from a data center. It allows individuals to participate in mining without having to invest in expensive hardware or deal with the technical aspects of mining. In the current cryptocurrency market, many factors determine the profitability of cloud mining, including the price of the cryptocurrency being mined, the mining difficulty, and the cost of the cloud mining service. Is cloud mining still a profitable venture in the current cryptocurrency market?