I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
Cloud mining is the process of the bitcoin mining utilizing a remote data center with shared processing power.
It is very useful for those who aren't technically minded and don't want to run their own software/hardware. It gives people unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware.