What Is Cloud Mining?

What Is Cloud Mining?

There’s also a great deal of regulatory risk for cloud mining. A vast number of cloud miners used to be housed in China, for instance, since the country offered cheap electricity, and in wet seasons the industry used green energy, too. But in the spring of 2021, China cracked down on its cryptocurrency mining industry and forced miners to shut up shop or shift elsewhere. That meant anyone renting cloud miners from Chinese pools lost income.

Originally Posted on: https://www.coindesk.com/learn/what-is-cloud-mining/
By: Andrey Sergeenkov

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