Cloud mining is a method of cryptocurrency mining that allows individuals to rent computing power from a remote data center. Users pay a fee to a provider who then operates the mining hardware, allowing participants to earn cryptocurrency without owning or managing their own physical mining equipment. This model offers a simplified entry point into mining operations.
Context
The discourse around cloud mining often centers on its perceived legitimacy, the potential for scams, and the profitability compared to direct hardware ownership. Evaluating the terms of service, contract durations, and the reputation of providers is paramount for participants.
KuCoin's new cloud mining platform democratizes access to BTC and DOGE mining, streamlining participation for retail users and enhancing ecosystem infrastructure.
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