Cloud mining is a type of cryptocurrency mining, where the power of the provider is used.  For a fee, the user gets access to data centers, equipment and other goodies.  This results in savings on equipment, maintenance and electricity.                                            Sincerely, Lyubov Sultanova.Join the Markethive :

Differences in the cost of mining a unit of cryptocurrency leads to the location of capacities in different countries.  So, in Russia, the cost of mining 1 bitcoin is $16.1 thousand, in the USA - $21.1 thousand, in England - $49.0 thousand. Europe and the USA are most profitable to mine cryptocurrencies at facilities located, for example, in the countries of the Middle East  and the CIS, where costs are lower.

According to official data, the total revenue of Russian miners in 2022 will be about $964 million. Revenue from bitcoin mining in Russia alone will be more than $410 million.

📈My opinion is that this dynamic has its risks.  On the one hand, it is difficult to predict income; cryptocurrency rates and profitability are constantly changing.  On the other hand, this industry is developing rapidly, and Russia's share in bitcoin mining will grow.      Sincerely, Sultanova Lyubov.Join us Markethive via link https://markethive.com/luba66/page/luba66