Cloud miningMining on blockchains through rented processing power rented from companies that host the physical equipment. These companies typically operate out... Read More is extracting cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... through rented processing power from companies hosting the physical equipment. These operations typically operate in cold climate countries with little to no cooling costs and have access to cheap electricity for more competitive prices.
