Cloud (or remote) mining – is the process of using hardware power to mine cryptocurrency remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home. Cloud mining gives people an opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge.

By signing up for the services below, one can buy into the hardware that is already doing the work, and share in the investments produced. As with any investment the more you put in, the greater the potential return, however there are accounts at entry levels that you can join for as little as $5. As time goes on you can add to the amount of mining, called a hashrate, you have invested in. One can also reinvest the profits rather than get them paid out to increase the amount of power being generated, thus increasing the earning potential.