What is "cloud mining" and how does it work?

Cloud mining is the process of mining cryptocurrency using remote servers rented by users. Instead of investing in expensive equipment and maintaining it, miners can rent computing power from cloud services. They simply connect to the platform and start earning income from mining. This is a convenient way for beginners and those who do not want to spend money on purchasing and setting up equipment. Cloud mining allows users to save significant time and resources by providing access to high-performance setups without the need for physical installation.