[What is Cloud hosting?]

Hey Guys,
 
I'm new to web hosting, should I choose cloud hosting for my new site?
Is cloud hosting cheaper? Please help me.
 
Best,
Betty
 
What is Cloud hosting? (I can only find this)
 
Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to a utility (like the electricity grid) over a network.[1] At the foundation of cloud computing is the broader concept of converged infrastructure and shared services.
 
Cloud computing, or in simpler shorthand just "the cloud", also focuses on maximizing the effectiveness of the shared resources. Cloud resources are usually not only shared by multiple users but are also dynamically reallocated per demand. This can work for allocating resources to users. For example, a cloud computer facility that serves European users during European business hours with a specific application (e.g., email) may reallocate the same resources to serve North American users during North America's business hours with a different application (e.g., a web server). This approach should maximize the use of computing power thus reducing environmental damage as well since less power, air conditioning, rackspace, etc. are required for a variety of functions. With cloud computing, multiple users can access a single server to retrieve and update their data without purchasing licenses for different applications. If you use a web hosting coupon code, for example, the Bluehost promo to sign up a cloud hosting, you can save some money.
 
The term "moving to cloud" also refers to an organization moving away from a traditional CAPEX model (buy the dedicated hardware and depreciate it over a period of time) to the OPEX model (use a shared cloud infrastructure and pay as one uses it).