What is Cloud Mining?
Cloud mining allows individuals to mine cryptocurrencies without owning any mining hardware or operating a facility.
Cloud mining companies will often offer purchase agreements for a portion of their total hashrate. These contracts can be for a short or long-term contract.
Cloud mining is a type of mining that removes all the upfront costs associated with mining, such as hardware, electricity, and maintenance. It works by allowing individuals to participate in the mining without having to shell out a huge amount of money.
Cloud mining contracts are typically not secure and are prone to fraudulent activities. This type of mining service is typically used by fraudsters to steal hashrate and disappear with customer funds.
Learn more about Titan and our mining solutions, here.