Cloud Mining and Pool Mining, What's the Difference?

[Suba]

Cloud mining and pool mining are two different ways to create new crypto,

Cloud mining
Users (miners) do not need special skills and mining hardware equipment, but miners only need to buy/rent hash rates according to the package provided by the cloud mining platform. Then he only needs to wait for the hashrate rental time to finish or reach the due date and withdraw mining returns.

Pool mining
solo miners who combine the hashrate they have into a mining pool and they agree to share mining rewards fairly according to the hash rate they have. This solo miner must have mining hardware equipment

 

[Laurentta]

Cloud mining involves renting computing power from a provider to mine currency while pool mining involves joining a group of miners who combine their computing power to increase their chances of earning rewards.