Cloud mining is rent of mining equipment hash power. In this case, you do not need to buy expensive mining equipment and do not bear any risks associated with its breakdown. You do not incur additional costs for the hosting and maintenance of equipment, as well as for any malfunction.
The main advantage of cloud mining is the quick receipt of BTC to your wallet. Cloud mining is the easiest and most effective way to make money from cryptocurrency mining without buying and maintaining your equipment. It is realized through the lease of the companies equipment facilities. Such companies are called cloud mining providers