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Cryptocurrencies have no borders—anyone can send them anytime anywhere, without delays or additional hidden charges from intermediaries. Given their nature, they are more secure from fraud and identity theft as cryptocurrencies cannot be counterfeited, and personal information is behind a cryptographic wall. With the establishment of cryptocurrency, the era of a new means of payment has been ushered Crypto Mining in. To better understand the miners’ gold rush, we have summarized the most important facts on this page. You can typically purchase cloud mining contracts that vary by duration (anywhere from weeks to years) and hash rate. These services can be cost-competitive in many cases, as the cloud mining provider typically has numerous warehouses full of high-efficiency ASIC miners. Another option for cloud mining is to remotely rent the ASIC miners themselves, although this option isn’t nearly as popular as it once was. It gives the cloud miner more flexibility, but generally requires extra setup and maintenance costs — or substantial technical knowledge for those who want to remotely configure the miners themselves.