Cloud mining provides users with the opportunity to buy mining power in data centers created by mining companies. Choosing the best Bitcoin cloud mining service is not an easy task, because this business is full of scammers. Instead of actually cryptocurrency mining, they create attractive sites through which they pump money from users under the guise of a cloud mining service.
Benefits of Cloud Mining
Let’s take a look at the benefits of cloud mining:
- Calm and cool house – without noise and heat.
- Lower energy consumption.
- No equipment maintenance needed.
- Ready to use: mining strata a few minutes after the payment of the contract.
The disadvantages of cloud mining
Now take a look at the list of flaws:
- The risk of fraud.
- Mining cost – users must make an advance payment for the management of equipment.
- Unpredictable profit: profit depends on various factors. If the value of the coin decreases, it can also become unprofitable.
Keep in mind that the return is not guaranteed and depends on the value of the coin and the complexity of mining, which are unpredictable for the future.
List of Bitcoin cloud mining sites:
IQ Cloud Mining
IQ mining offers the most profitable cloud mining contracts for popular cryptocurrencies. Their profit calculations are based on the use of efficient mining equipment with minimal maintenance costs. They offer payments in BTC on a daily basis depending on the purchased capacity. The service offers contracts for 1 year and supports BTC, BCH, LTC, ETH, XRP, XMR, DASH, etc.
There are different investment packages, for example, when buying a Silver contract, the profit will be + 10%, and in Gold – 20%.
- When purchasing a Bronze contract, the deposit amount will be from 0.01 to 0.1 BTC.
- When you purchase a Silver contract, the deposit amount will be from 0.1 to 1 BTC.
- When you purchase a Gold contract, the deposit amount will be from 1 to 10 BTC.
At the time of writing, contracts are subject to a 30% discount.
CryptoUniverse.io is a cloud farm founded in 2017. The company offers BTC and LTC cloud mining contracts. In addition, the farm has its own powerful data center.
The company also accepts contracts from companies such as Bitmain, Ebang, Innosilicon and Canaan. Potential customers can buy contracts at a price of $ 23.9 for 1 Th / s. For promotional offers and current discounts, follow the latest news on the social network CryptoUniverse.io. Another unique feature of the CryptoUniverse platform is that contract prices change in accordance with the market situation, which allows you to keep abreast of the changing cryptocurrency market variables.
The CryptoUniverse platform supports a referral system with earnings of up to 10% of the contract value.
Genesis Mining was launched in 2013 and is one of the oldest companies in the world. Genesis founded a well-known mining farm in Iceland.
The company currently offers to mine for Bitcoin, Ether, Zcash, Monero, Dash, and Litecoin.
Another cloud mining service provider, HashGains, uses ASIC and GPU services. The platform supports several cryptocurrencies. The technical support service works around the clock and seven days a week, and also provides legal mining, where all the coins are new. HashGains also has several data centers in India, China, and the USA. The service also promises to ensure a high return on investment.
To get started, you need to register on the platform. and pay for your preferred plan.
Eobot is one of the oldest, easiest and best ways to mine Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many other altcoins. You can start mining with Eobot for only $ 10 and get results. Established in 2013, Eobot is located in the United States. This is a real-time exchange between BTC and altcoins.
Nuvoo cloud mining offers several alternatives for collaboration, including renting a mining farm developed by experienced experts.
It works just like traditional mining sites. Currently, the following payment methods are available: credit card (Visa / Mastercard), Bitcoin, bank transfer.
Launched in 2014, HashNest is one of the largest cloud mining companies. BitMain Technologies is the parent company of HashNest. HashNest allows its users to participate in BTC mining with instant profit on BitMain Wallet. Participants can simply download the mobile application.
Next, the user must register for a HashNest account and at the same time receive a HashNest wallet. Then deposit BTC into your wallet and buy a hashrate. The amount paid on HashNest is based on the PPLNS or Pay Per Last N Shares method. For optimal security, there is two-factor authentication for HashNest users.
Hashflare is a European BTC mining company. The company was founded in July 2013, while the cloud mining service was launched two years later in 2015.
Hashflare is part of HashCoins, which produces ASIC miners for BTC. Similar to Genesis mining, Hashflare also offers mining contracts for BTC, Ethereum, Zcash, Dash and Scrypt.
Like Genesis, it is one of the two most well-known cloud mining providers with a large number of users. It offers daily payments and affordable payment methods: Bitcoin, credit cards, Webmoney, Payeer, bank transfer, and EMC.