Cloud mining is an often misunderstood investment solution.
While searching on the internet, we realized that the opinions were often very positive or very negative. Without taking a position, we will in the following paragraphs present the advantages and disadvantages of this solution in order to define, finally, today, to whom this mining formula is addressed.

Advantages

We mentioned some of them earlier when we explained how cloud mining came about. Here, we have selected the main advantages of this solution:

- Start with a reasonable investment
We believe that this is the main advantage of Cloud Mining. Becoming the owner of a mining machine is a relatively heavy investment that is not within everyone's reach. Cloud mining allows to redistribute the cards and makes access to mining possible from a few dozen euros.

- Mining without contraints
Having a miner running around the house requires some accommodation. You have to maintain your machine, make sure it is always in a healthy environment... With cloud mining, you can forget about all these constraints.

- No noise pollution
Mining is a relatively noisy activity, over 70 decibels for the Asics. In these conditions, without a cellar, garage or adapted room, the whistling of the Asics will quickly become unbearable. Cloud mining saves you this hassle.

- No increase in your electricity bill
It is no secret that mining consumes energy. Moreover, if you are interested in mining, knowing the price of your Kwh is the first question you should ask yourself. If you realize that you are paying a lot for it, having your machine is not an option and then cloud mining may be the answer to your expectations.

Disadvantages

After listing the main advantages of cloud mining, let's tackle these disadvantages. Cloud mining is not the perfect solution, there are indeed some disadvantages to keep in mind before investing.

- A sulphurous reputation
Indeed, cloud mining suffers from a rather bad reputation in the crypto universe. It can be explained by several points: first of all by the number of scams, often in the form of ponzi schemes that have used this mode to deceive a large number of investors. Beware in the choice of your supplier. (Namely, Just Mining offers cloud mining offers...).

- Having your mining machine offers better performance
While cloud mining allows for lower investment costs, it is often more profitable to have your own mining machine. The company that sells cloud mining must also find its account there and therefore, necessarily, compared to the power, you will pay more for cloud mining, which is quite logical after all.

- You do not own the harware
You have to be aware of that. The person who owns his machine has a physical asset in his hands. If they wish to stop his activity as a miner, he can resell his equipment. He has an additional guarantee, unlike someone who invests in cloud mining.

Who is it for ?

Having listed the advantages and disadvantages of cloud mining, we should now be able to determine more precisely who this form of investment is for.

Generally speaking, people who are interested in cloud mining offers are those who :
- do not wish to allocate too large a budget to mining or do not have the necessary funds to acquire a mining machine
- do not have an environment adapted to mining (electricity too expensive, lack of space, living in hot regions,...).
- want to take a first step in mining, as a test before going any further.


In conclusion

Cloud Mining is today an alternative to traditional mining well known by the crypto community. Often criticized or misunderstood, this alternative has many advantages, including the ability to invest reasonable amounts of money to allow the most novice to gradually learn the world of mining.
Of course, it is necessary to take into account the aspect of profitability that we have not mentioned here. The profitability of cloud mining depends essentially on the price of cryptocurrencies and the difficulty of mining (the number of miners working on the network). These two factors are constantly changing, making yield projections very complicated.
Since 2017, Just Mining offers a cloud mining service for Ethereum, Ethereum Classic, Grin and Bitcoin.$