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Cloud mining is a method of bitcoin or cryptocurrency mining where instead of using your local cpu/gpu resources, you rent or lease the resources remotely from a datacenter.
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Iphone bitcoin mining software monitors this input of your miner while also displaying statistics such as the speed of your miner, hashrate.
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Don't use your iphone to mine cryptocurrencies tech giant apple has updated its developer guidelines to explicitly ban mining cryptocurrencies like bitcoin.
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