Greetings community, how are you all? I hope you are good
My first homework for @besticofinder and I’m so excited! I loved the lecture so Let’s go!

Question 1 What is Cloud Mining ?

As the title suggests, cloud mining within the simplest term implies the method of cryptocurrency mining via the cloud, which is the internet. Cloud mining could be a way of mining a specific cryptocurrency such as Bitcoin by the utilize of a obtained cloud computing control without the coordinate establishment and operation of the equipment or it's related computer program. This includes renting or acquiring cryptocurrency mining gear from a third-party cloud supplier who moreover guarantees the upkeep of the equipment. Cloud mining leverages cloud computing for the reason of creating blockchain-based cryptocurrencies. It carries out its computing administrations like preparing, database administrations and so on through the web and such companies charge their clients on a utilization premise rather like our power and water administrations.

Question 2 What are the best cloud mining platforms ?

1) Bitcoin pool.

Bitcoin Pool is a cloud mining service run by Bitcoin.com that aims to be the most cost-effective on the market. With a block reward of 98 percent, Bitcoin claims to have the world's largest Pay Per Share (PPS) pool.

Setup is simple, and you can start mining Bitcoin Cast (BCH) or Bitcoin Core (BTC) right away, depending on which seems more profitable to you.

2) IQ Mining

IQ Mining is a low-cost cloud mining service that allows you to mine cryptocurrencies. In the cloud, Bitcoin, Ethereum, and other altcoins are mined. IQMining offers a wide range of cloud mining services. There are mining contracts available with payouts in the most popular and trusted cryptocurrencies, as well as 100+ altcoins and a contract with a fixed payment in USDT.

3) HashNet

Hashnest was launched in 2014 by Bitmain, a well-known manufacturer of ASIC mining hardware. Antpool, one of the world's largest mining pools, is also run by Bitmain. This, combined with images of a few data centres on the Hashnest website, establishes the legitimacy of the company.

Despite the fact that Bitmain is based in China, Hashnest has mining farms all over the world.

Question 3 Discuss the advantages and disadvantages of cloud mining ?

Advantages

1. As a result of the continuous operation of cooling equipment, electricity prices are likely to rise. Because almost no one can afford the high cost, crypto mining companies step in.

2. Without being an expert on the subject, anyone can get a contract on one of the various cloud mining platforms.

Disadvantages

1. Because the company will always own your investment and the income you generate, there will always be a risk of being duped.

2. Because the profits we earn are shared with cloud mining service providers according to an approved contract, we make a small profit.

Thank you professor @besticofinder for an amazing lecture. I did all I could as it was my first homework for you, I hope you like it.