With the promise of the moon for its users without the need to purchase expensive mining equipment, the cloudmining industry has been experiencing its ups, and recently, its downs. While the ostensible scams and pyramid schemes in the cryptocurrency space are damaging and ultimately bad for Bitcoin, the concept of mining “ in the cloud ” can be beneficial to the long-term growth of the ecosystem. What is Cloudmining?
Put simply, cloudmining is when […]
