No need to purchase hardware

such ASIC or GPU

Another advantage of cloud mining is that there is no need to purchase any mining equipment. This means that you don’t have to study which are the best ASICs or video cards for mining, which saves an awful lot of time. For the nerdy user, buying, installing and tuning hardware is perhaps the most fun part of mining. However, for those who do not have knowledge of the sector all of this time and studying is spared. Perhaps the real good thing about cloud mining is that, since you don’t really own a certain ASIC or GPU, there is no need to worry about devaluing and updating your equipment. The actual mining, with all the related technicalities, is a black box for the end users. And of course, all this will end up costing them a great deal.