So how are you guys I hope you are ready for this homework. If you ask me I'm all set then this is my first homework this week for Crypto Academy and today we'll talk about cloud mining well it's not different from mining, but it's interesting and you Would like it first make it clear to me that I will speak this completely in my own words so I will not use any difficult definition. To explain it as easy as possible in regular dance as if you are talking to a friend and I hope its ok with the professor thank you start

What is cloud mining ?

Cloud mining is a lot of companies, so those who buy computers and GPUs and setup them for mining that by one or two computers I mean we are talking about a lot of computers that you have accounts about. I would have heard yes. It is too big after setting. If they do, they will tell you if you want to rent your computer for mining. Like we rent other things. It is so easy that they Everything will work for you. If the computer goes down or the power goes down then something goes wrong and you don't have to worry about all these things, they will do everything you just have to pay them a specific amount. Will, what they call a contract. Like you buy an internet package from your internet provider, it is so simple that you basically rent hash power to mine bitcoin or any other cryptocurrency, you don't need anything. No need to worry about, but you know that if you are mining on your own, many The things that you have to keep in mind is not the first thing. How to setup the ows mining rig, even if someone else does something for you, there is a problem with it, you have to call the person to fix it and You can't hold it for a few minutes because every minute is important. Cryptocurrency mining. In that case, cloud mining is a heaven for everyone because they don't know how to set up for the home mining rate, but they want to try it so that the original form Be cloud mining with

Best cloud mining platform?

Ebot

It is the best cloud mining solution. Eobot offers a solution unlike any other. With Eobot cloud mining you can, you can buy portions of the cloud example. Pay with PayPal, or use crypto currencies such as Litcoin, Ethereum, Bitcoin Cash, Dogcoin, Ripple, DeadSh, Golem, and Ethereum Classic to name a few.

Hashflare

Hashflare is a very important cloud mining provider that has been in operation since 2014. They operate qualified pool mining solutions, you can decide which pool you want to mine in and make the most money. With transparent fees and drawbacks, you can always keep track of how much you have actually covered.

Advantage of cloud mining

No stress on power costs and software installation or expensive hardware

You don't have to listen to the fans running wild all day long

If Bitcoin Mining Goes Absolutely Unprofitable, You Can Quit Anytime

No ventilation is required for hot appliances

No stock out equipment left for stock out

Disadvantages of cloud mining

Many Scams: Many new companies, which use new people, work very hard to find a reliable provider.

Your hands are tied to the decision of the provider, you do not upgrade the hearing yourself.

Less profit and longer duration

You trust a cloud mining provider that can shut down anytime in the case of a very low price of bitcoin.

Thank you professor @besticofinder

Thank You

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