Cloud mining of cryptocurrencies, as a phenomenon, gained popularity in 2017 in the wake of another increased interest in cryptocurrencies and their production (mining) in particular. Cloud mining, in simple words, is renting equipment for mining for a while from a company, and the company itself is engaged in setting up and maintaining this equipment in special data centers. Because the buyer receives only the numbers on his screen, and not a physical device, so unscrupulous entrepreneurs began to offer cloud mining services without real equipment, i.e. they simply deceived their customers, and the payments were made according to the Ponzi scheme. Such "cloud mining" was the majority, and when the hype around cryptocurrencies ended in 2018, all these projects simply closed, leaving their customers without money and without the promised payments from renting mining equipment. Since then, cloud mining has been perceived by most as a scam, and not a real business through which ordinary users can earn money. How things are with cloud mining in 2023, when another crypto winter is in the yard, we will try to find out.
