What is Cloud Mining

Cloud Mining is the process of bitcoin mining utilizing a remote data-center with shared processing power.This type of mining allows users to mine bitcoins or alternative cryptocurrencies without having to manage their own hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.
There are many cloud mining scams!!

Pros & Cons

PROS

• No configuration of programs or equipment
• No messy algorithms involved
• No need to manage equipment
• Easy to maintain and transfer funds

CONS

• Management costs- hardware and software
• Security- some mining pools are scams
• No control

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HASHFLARE FAQ SHEET
https://hashflare.zendesk.com/hc/en-us

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