A lot of people have shown a great interest in cryptocurrency cloud mining. There are some drawbacks to embracing this business model, although it can turn out to be somewhat lucrative as well. Three main types of cloud mining services exist today, all of which have their own benefits and drawbacks.
Perhaps the most approachable model of cryptocurrency cloud mining is often referred to as virtual hosted mining. It revolves around users setting up their own virtual private servers with mining software installed. This is a process that can work for some of the smaller-cap altcoins which are mainly mined with one’s CPU, rather than a GPU.