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Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
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Shaft mining is the earnest form of underground mining. Underground mining is selected when the rock or mineral is so far to reach using surface mining.
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Cloud mining means that you do not buy a physical mining rig but rather rent computing power from a mining company and get paid according to how much mining power you own. At first, this sounds like a really good idea, since you don't have to go through all of the hassle of buying expensive equipment, storing it, cooling it, and monitoring it.
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