In short, cloud mining is a term describing companies that rent out mining hardware and mine for you. You split the profits with them (on top of paying them a fee) and avoid the need to buy and maintain expensive mining equipment.
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The idea of cloud mining is very simple: Instead of spending thousands of dollars on mining hardware and all the necessary gear to support it, you can lease everything from someone else and keep the profits to yourself. 2ff7e9595c
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