What is Cloud Mining?

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Source

Mining in the cloud

In some countries like mine mining with equipment that consume large amounts of energy are prohibited, in other countries electricity is very expensive, crypto mining several years ago developed a mechanism by which through security protocols and logistics allows the sale of packages or power in exchange for a sum of token or crypto that mostly require this is to minimize the risk of loss in these companies and get fast and secure profits.

companies or large companies establish a farm with high tech equipment to mine any type of currency known in the market, this to attract the investor and feel confident and secure there are many ghost companies so to speak somehow that call themselves huge companies that are being created to scam people.

my recommendation is the investigation of these companies before investing year of creation and types of payments the main thing.

What are the best cloud mining platforms ?

there are many very strong companies in terms of mining in the cloud we refer, and every day is born a different layer to get the attention of many customers deceiving them and getting to the point of this, others are very serious and pay promptly just there to pay close attention to the information that you read research in various places in order to evaluate the best option if you want to invest I personally have had friends who are using

NiceHash

I can name it based on the fact that I have seen the real payment, just one or two details that I will tell you later.

Genesis Mining

This is another one that I know friends who work since 2015 with them and is super good only that the return on investment is too slow.

Discuss the advantages and disadvantages of cloud mining ?

Advantages

One of the best advantages of large crypto companies is the ability to generate tokens in an easy and secure way as I said before as long as you do your research and the company is legitimate.
regarding the payment of electricity you don't have to worry as the company takes its duty seriously.

maintenance is the same, they have maintenance personnel to operate 24 hours a day.

security they handle security protocols capable of keeping your investment safe without failures.

Disadvantages

nothing is safe in these companies because when you buy your power speed hash package the investment goes directly to the company and you will have to wait a while to recover your initial investment remember that cryptocurrencies are very volatile and you don't know when they go down or up if you don't have due study you can lose everything or gain a lot.

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@steemcurator01
@steemcurator02

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