1. Electricity costs remain manageable, as opposed to the case of hardware mining. This is because of the power intensiveness of mining rigs, which almost double electricity bills.
2. Mining farms can be irritatingly hot, a situation that is unheard of in cloud mining.
3. The exasperating noise of cooling fans is avoided.
Cons:
1. Unfortunately, the cloud mining industry is marred by fraudsters. A lot of investors lose their money to scammers.
2. With cloud mining, the sense of self-satisfaction of building a mining rig is absent.
3. Mining companies can abruptly shut down operations when profits diminish.