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Cloud mining, What does it mean?

Cloud mining is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Cloud mining

People can “mine”, or create, cryptocurrencies to compete for rewards in the form of newly minted crypto. Cloud mining uses remote data centers with shared processing power, like the kind that powers Google software, to pool resources and cut the cost of mining. Be extremely wary, as many cloud mining companies are just scams. An incredible amount of computing power is needed to mine the top cryptocurrencies. Anyone offering easy cloud-mining rewards is likely to be a charlatan.

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