The simple answer is that cloud mining farms are essentially cloud data centers, technically and specifically designed to mine cryptocurrency altcoins like- Monero, Ethereum, Bitcoin, Bitcoin Cash, Litecoin, et al. Typical cloud mining farms are designed to address the complex technical complications individual miners encounter, which requires a wealth of technical knowledge, as well as financial resources, patience, and good timing.
Recently, due to fierce mining industry competition, emerging and much more powerful technical devices are required to successfully mine crypto. These emerging technologies has directly resulted in the practice of cloud mining, which offers distinct, convenient advantages for individual miners lacking in technical resources. Cloud mining farms, in turn, offer massive data boosts to PCs along with generating the maximum hash rate available (even on PCs). In fact, the largest cloud mining farms can offer a technical efficiency of over a dozen PHs.
Cloud farms offer this capacity because they typically deploy a mining infrastructure which houses a substantial number of large servers (and PCs). In addition, “home-mining” farms can also be established by individual miners using the same convenient cloud farm capacities. These home mining set ups differ significantly from standard home PCs, and are designed and installed specifically for mining alone. When properly set up, home-mining farms can be highly profitable, but, before establishing your own, know that even modest home mining set ups demand a massive amount of electricity, which will undoubtedly impact your utility bill. All mining demands a constant, round-the-clock power supply, which not only result in significantly higher utility bills, but can also become a home hazard as most processors require both a reliable cooling system and more than adequate ventilation.
