Cloud mining – mining cryptocurrency without buying your own equipment, using rented equipment, which may be located on another continent
Cloud mining is renting mining power. In this case, you do not buy equipment for yourself, do not deal with the issue of its placement, do not incur additional expenses for electricity, but simply pay a fixed amount for using other people's video cards or processors.
It sounds like a very convenient option, but it is not known how many companies actually exist that provide such a service. Often, behind the cloud mining signboard, pyramids can be hidden, where newcomers pay those who came earlier.