What Is Cloud Mining?

What Is Cloud Mining?
Decades ago, every major software computer company would maintain basements full of computers that crunched numbers day and night. Rooms the size of gymnasiums would be devoted to the servers that keep the lights on.That all changed in the era of cloud computing. Instead of sacrificing precious underground real estate, software companies began to rent computing power from warehouses full of powerful machines hosted elsewhere.Cloud mining brings this same principle – outsourcing computational work – to cryptocurrency mining, the process of running powerful computers that mine for coins like bitcoin, litecoin and dogecoin. Instead of buying expensive computers to mine…