|Greetings to all!| |-|

Asslamo-alikum to all of my friends of **Steem Alliance Community**.Is everything is ok? my friends.I'm praying for better health of mine all friends and back again here for posting a new post.Today's post topic is cloud mining in the cryptocurrency.I will explain it briefly with different points. |

What Is Cloud Mining In Cryptocurrency?

| |-| ![image.png](https://cdn.steemitimages.com/DQmcFZf2AzvG8YmB6oVZneGhSTzorxjNnTbjrkvKUs8mukh/image.png) ^{[Freepik](https://www.freepik.com/free-vector/illustration-bitcoin-concept_3232523.htm#query=cloud%20mining%20in%20cryptocurrency&position=4&from_view=search&track=ais&uuid=e4f5667d-d4f9-43dd-8880-b35cd83846ff)} **Definition**:- Cloud mining is the type of mining, in this mining the miners don't participate directly in the mining process, the miners just pay fee and automatically participate in the mining process and mine different crypto coins.In this mining, the miners just create new account and the after paying fee, it started remotely mining.Cloud mining is bit easy and have less chances of risk because remotely mining is working in this process.

Explanation:- Cloud mining is the process of proof of work and it's decentralized process, in this the miners after creating account and paying fee, they use highly computer and add block in the blockchain for transaction, they mine the cryptocurrency.It is the most easy and affordable mining process in the blockchain network.In cloud mining the miners lease theirs computer networks to others for the purpose of mining.Cloud mining allows different users to mine cryptocurrency.

In the cloud mining, the miners get harsh power after paying fee.With the help of harsh power, the miners remotely mine cryptocurrency in the mining pool.In this process, the miners can lease theirs equipment and also purchase mining equipment and powers for mining.Cloud mining is the fastest growing Mining in the blockchain network and it's widely spreading.That's the main key points about cloud mining in cryptocurrency. |
Work Of Cloud Mining In Cryptocurrency
| | - | Work Of Cloud Mining:-Main work in the cloud mining is the mining of cryptocurrency in the mining pool.In this process minor can also pay his all the equipment to others for mining and also can pay some of the equipment to others for mining process.The basic process of cloud mining is that many users have the ability to mine cryptocurrency with the help of highly equipments in the blockchain in network.In cloud mining, the miners can also purchase some power and with the help of the power they can add a block to blockchain and for transaction and in return they mine cryptocurrency.

Minors create mining farms in which they put highly equipments and computer for mining and after that they lease the equipment to others and the miners work in the process and in return day then rate or get some income.Buy harsh power or lease own power for mining cryptocurrency is the work of cloud mining. ![image.png](https://cdn.steemitimages.com/DQmPwCWKYidYAMGJ6bL7hKofYeZXQzJo1XjJFRMXqRhY75S/image.png) ^{[Freepik](https://www.freepik.com/free-photo/3d-cryptocurrency-rendering-design_17664294.htm#query=cloud%20mining%20in%20cryptocurrency&position=18&from_view=search&track=ais&uuid=e4f5667d-d4f9-43dd-8880-b35cd83846ff)}

If the miners lease all their equipments to others , they mine an huge amount of cryptocurrency and if they lease some of thier equipments, they mine less cryptocurrency.Overall it's very easy and healthy.You can buy or lease the power for mining in mining pool.So, here i have explained about the work of cloud mining.It involves some risk and it's important to explain them.So, her's the risks:- |
Risks In Cloud Mining
| |-| ![image.png](https://cdn.steemitimages.com/DQmVHnw65ybBYEyTfP1Ho9iizB8VgSuHj5Xz4k6f3u4Ex2X/image.png) ^{[Freepik](https://www.freepik.com/free-vector/isometric-cryptocurrency-concept-with-bitcoins-people-mining-3d-vector-illustration_6919411.htm#query=cloud%20mining%20in%20cryptocurrency&position=19&from_view=search&track=ais&uuid=e4f5667d-d4f9-43dd-8880-b35cd83846ff)} Cryptocurrency includes different risks in the each process.Like others, cloud mining includes different risks and it's important to read them before cloud mining.

Scams In Projects:-Scams in the projects in the major risks and it's that if we pay fee or purchase power in the scams project, we will face loose.

High Feeses:- High fees is also the risk because if we pay high fees in the mining pools and in return if we can't get more rewards , we will in loose.

Market Price:- Market price penetration is also the major risk in cloud mining.Because if we purchased power for mining and after that , we mine cryptocurrency and the market value is low, we will face loose.

Conclusion:- So friends, this is all about cloud mining and if anyone's is interested in cloud mining, you can do more research about that and i have mentioned all the major points of cloud mining. _{Posted using [SteemPro Mobile](https://play.google.com/store/apps/details?id=com.steempro.mobile)}

**Scams In Projects**:-Scams in the projects in the major risks and it's that if we pay fee or purchase power in the scams project, we will face loose.

**High Feeses**:- High fees is also the risk because if we pay high fees in the mining pools and in return if we can't get more rewards , we will in loose.

**Market Price**:- Market price penetration is also the major risk in cloud mining.Because if we purchased power for mining and after that , we mine cryptocurrency and the market value is low, we will face loose.

**Conclusion**:- So friends, this is all about cloud mining and if anyone's is interested in cloud mining, you can do more research about that and i have mentioned all the major points of cloud mining. Posted using [SteemPro Mobile](https://play.google.com/store/apps/details?id=com.steempro.mobile)

Scams In Projects:-Scams in the projects in the major risks and it's that if we pay fee or purchase power in the scams project, we will face loose.

High Feeses:- High fees is also the risk because if we pay high fees in the mining pools and in return if we can't get more rewards , we will in loose.

Market Price:- Market price penetration is also the major risk in cloud mining.Because if we purchased power for mining and after that , we mine cryptocurrency and the market value is low, we will face loose.

Conclusion:- So friends, this is all about cloud mining and if anyone's is interested in cloud mining, you can do more research about that and i have mentioned all the major points of cloud mining. _{Posted using [SteemPro Mobile](https://play.google.com/store/apps/details?id=com.steempro.mobile)}