Cloud (or remote) mining – is the process of using hardware power to mine cryptocurrency (such as Bitcoin or Litecoin) remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home.
Cloud mining gives people a unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth elaborating on a few details, specifically it’s important to highlight that remote mining comes in two forms: hosted or cloud based mining.
Miner is a highly efficient piece of mining equipment specially designed for cryptocurrency mining. Our datacenters house hundreds of miners.
Miners are connected to pools. There are many pools so HashPlus allows you to connect to ones you choose. This allows you to find the most profitable combinantion.
Next, all mined cryptocurrency is distributed among all customers of HashPlus depending on their share of server in the whole system.