Cloud mining

Cloud mining lets users mine crypto without owning hardware—rent computing power, earn rewards. Learn the benefits, risks, and compliance tips with Scorechain.

350+ COMPLIANCE & DIGITAL ASSET TEAMS TRUST US

What is

Cloud mining

?

Cloud mining is a mining technique in which the miner is renting computing power from a provider.

With cloud mining, miners can mine different cryptocurrencies without having to rely on a lot of hardware materials. However, they have to pay for the service provided and get fewer profits from their mining rewards.

Want to take your Crypto Compliance to the next level?