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09
May
Cloud Mining vs Traditional Mining

Nowadays, Bitcoin is the most popular cryptocurrency used as an alternative to traditional payment systems. All Bitcoin transactions must be verified by miners, in a process called mining. This process is done by a software that accesses the CPU’s processing capacity to solve transaction-related algorithms. Originally, bitcoin mining was conducted on the CPUs of individual computers. Nowadays, to have enough processing power, that is done in big data centers. Not everyone can own a big data center, obviously, and that’s why recently a new type of mining started to gain popularity, cloud mining. Cloud mining allows users, instead of using their own machines, to buy mining power of the hardware placed in remote data centres. All bitcoin mining is done in the cloud, without any offline hassle, such as electricity, hosting issues, or installation and upkeep trouble.