Cloud Mining
Definition
Cloud Mining is the process of renting mining power from a remote data center without purchasing the hardware and software required for cryptocurrency mining.
Cloud Mining allows individuals who want to mine cryptocurrencies to benefit from a cloud-based service to minimize their own hardware and software needs. This service involves users renting hardware in remote data centers that provide the high processing power required for cryptocurrency mining. Users perform the complex calculations required for cryptocurrency mining on the servers of these cloud-based service providers. In this way, users save on their hardware and energy costs and can carry out mining activities at lower costs. —
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
