Cloud miningMining verifies and records cryptocurrency transactions on a digital ledger (blockchain). The approval or verification process for adding new transactions... Read More is extracting cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More through rented processing power from companies hosting the physical equipment. These operations typically operate in cold climate countries with little to no cooling costs and have access to cheap electricity for more competitive prices.
