Greetings friends steeminians.

In this opportunity, I am going to dedicate time to an interesting topic brought by our friend @besticofinder, which is about mining in the cloud.

Given the rise of economic technology through the blockchain is worthy to update and support our knowledge about the environment surrounding the emerging economy, mining is an action that generates a lot of work, as well as many benefits, however, not everyone has the ability to generate this type of activity.

Because of this, large companies have taken on the task of creating rented mining services for those who wish to participate in mining without the need to own and operate equipment with high operational demands, this service has been called "Cloud Mining".

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1.- ¿What is Cloud Mining?

After some research, I have been able to deduce that cloud mining is a mining service provided by a company dedicated to this activity to those users who obtain contracts or shares to mine remotely.

The cloud mining service allows users to mine without the need for advanced equipment, which generates a high demand for electricity and the need for control and operational maintenance, which generates a high cost of operation.

Among the types of mining in the cloud are the following:

• Hosted mining, is when the user has his own equipment to mine but it is put into operation from a company dedicated to mining, which will supply the maintenance of the equipment and will pay for the electricity consumption, this will allow the user to keep his hardware active without the need to generate high electricity consumption or noise generation at home.

• Virtual hosted mining, is when the user hires or rents a server to which he will access via internet to generate the mining activity, in the contract the software and hardware to be used for mining must be agreed, as well as the cryptocurrency and the mining time.

• Hashing Power Rental, is the most common mining mode, where users hire a computing power, where the benefits generated will be proportional to the amount of money invested to rent mining power.

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2.- ¿What are the best cloud mining platforms?

The world of cryptocurrencies has been disturbed by those who try to commit fraud, generating ghost companies to steal the investment of those who wish to venture into this mining practice, therefore, it is necessary to know consciously the companies that generate guarantee to our investments, here I show you some of them:

a) Genesis Mining, It was founded in 2013 and operates from Iceland, mainly allows bitcoin mining,

b) Hashflare; Founded in 2013, and offers hash-rate rental for a period of 12 months, allowing mining of various cryptocurrencies such as Bitcoin, Litecoin Ethereum.

c) Hashnest: Founded in 2014, has its main operation center in China, this company offers power rental in exchange for bitcoin.

3.- ¿Discuss the advantages and disadvantages of cloud mining?.

Advantages of cloud mining:

• Since the mining operation is executed remotely, it is not necessary to have hardware at home that can generate a high consumption of electricity, and also, it can become obsolete after a certain time, this due to the large updates that are executed in the blockchain.

• Profit is a symbol of guarantee in this mining practice, which will depend on the consensus that has been reached with the service provider, in addition, it is a net profit since the user will not generate expenses for maintenance or electricity consumption.

• It avoids the risk of a housing accident by not being exposed to extreme noise and temperature conditions in your home, since the hardware must be in operation 24 hours a day, generating a high degree of heat that can cause fire, and it also produces certain noise levels that can disturb our environment.

Disadvantages of cloud mining:

• Fraud is the main disadvantage of this mining practice, since there are many ghost companies that steal money from those who adhere to them through contracts, disappearing from one day to the next, mostly those companies that offer great benefits for little investment.

• There is a high dependence on the management of the company, which can lead to a lack of user control over the benefits generated by the mining activity.

This has been my participation for task #5 sent by friend @besticofinder, if you want to participate in it, you can enter here, and learn a little more about it.

I thank the Steemit team, for generating this type of activities that promotes knowledge about the cryptocurrency environment, thanks to @steemcurator01 for supporting those who participate in these courses.