To understand the phenomenon, one must first define the mechanics. Traditional cryptocurrency mining involves solving complex mathematical problems to validate transactions on a blockchain, typically requiring expensive hardware and significant electricity. Cloud mining purportedly allows individuals to buy "contracts" or "hash power" from remote data centers. The user pays an upfront fee, and the remote facility mines on their behalf, depositing the rewards into the user’s wallet.
Traditional cloud mining pays you in Bitcoin (BTC). However, Bitcoin’s price volatility means your $100 daily reward could be worth $80 tomorrow. USDT solves this.
