Homework Task5: What is cloud mining? Best cloud mining platform, Advantages and disadvantages of cloud mining. Homework Task of @besticofinder

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Hello Steemians
Today, i am so glad to discuss my homework task5 with you people. In this homework, i will be discussing the following task that is being given below.
(1) What is cloud mining.
(2) what are the best cloud mining platform?
(3) Discuss the advantages and disadvantages of cloud mining?

What is cloud mining?
Cloud Mining is a mechanism to mine a crypto currency such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software.

What are the best cloud mining platforms.
The following are the list of best cloud mining platform in the world.

1. Genesis Mining.
2. IQ Mining.
3. ECOS.
4. Solar hashes.
5. Crypto universe.
6. Shamining.
7. Hash shiny.
8. Eobot.
9. Hashing24.
10. BeMine
11. Hash Flare.

Discuss the advantages and disadvantages of cloud mining?

Advantages
They reduce cost associated with mining and allow every day investors, who may lack sufficients technical knowledge, to mine cryptocurrencie.

Disadvantages They practice centralizes mining to farms and profit are susceptible to demand.In cloud mining, the operations of miners become vulnerable and transparent. There is no control and suppleness in cloud mining.

Conclusion:
Thank you all for reading my post, I appreciate.

My gratitude goes to @besticofinder who has make it possible for me to participate in this homework.