Cryptocurrency is gradually penetrating the lives of the most ordinary people far from high technologies. Digital money courses are featured in the news, and popular tech bloggers make videos on the topic "What is Bitcoin in Simple Words".
The main thing that is remembered from the entire flow of information of this kind is the emphasized benefit of acquiring bitcoins or a similar currency. It doesn't matter if you buy a little digital dream for real money or build a computer to make some virtual money, the main thing is that you hope to get rich quickly and easily.
In a nutshell: what is virtual currency mining?
To "make" yourself some bitcoins, you can build a so-called farm - a powerful computer with several video cards and make it work according to a certain algorithm. The computing power of your PC will eventually bring some cryptocurrency to your bitcoin wallet, but remember that the complexity of such calculations is constantly growing (which means that more and more time is spent on them), that is, the production of coins per unit of time is constantly falling. In addition, you will have to pay for the electricity consumed by the computer, which also reduces the profitability of the enterprise. The speed of your personal bitcoin factory can be increased by purchasing more computer hardware, but the costs will also increase.
In a nutshell: what is cloud mining?
The so-called cloud mining of cryptocurrency has appeared as an alternative to the usual one. To generate virtual currency in the cloud, you no longer have to buy and configure a computer. This has already been done somewhere far away from you, and the sales representative of the finished large "farm" will sell you some of its machine time (it is used only for mining). After signing the lease agreement for the "farm" capacity, you just have to wait until you get the virtual currency.
It should be noted that cloud mining of cryptocurrency should be considered more risky than usual, because, firstly (and this is already enough) it is easy to get into an unscrupulous counterparty. He can either charge you less virtual money than you should, or do not own computer power at all, but sell "air".