What is cloud mining?
A good alternative to conventional mining in 2020 is the so-called cryptocurrency cloud mining in which you do not need to purchase any equipment. Instead, the user is prompted to conclude an agreement with a specialized company that owns the equipment for the rental of a certain amount of computing power needed to generate cryptocurrency.That is, for a fee, any person from anywhere in the world can start mining bitcoins or various altcoins by acquiring cloud mining contracts from owners of data centers.
Cryptocurrency cloud mining through special Internet services has become very popular due to its availability and ease of use for customers.
Cloud mining centers are usually located in places with cheap electricity, loyal laws, for example, in China, or in regions with a cool climate, like in Iceland.
The Best Legit & Trusted Bitcoin Cloud Mining Sites Reviewed
Currently, there are many companies in the cryptocurrency cloud mining market. However, not all of them are equally good. Here are the best, reliable and popular with users:Cryptouniverse
CryptoUniverse Cloud Mining has been operating since 2018 and offers more than 20 different contracts for any business strategy. The total capacity of data centers is 20 MW. For mining, equipment is used by leading manufacturers purchased from them under contracts - Bitmain, Ebang, Canaan, Innosilicon. The service allows you to mine Bitcoin, Litecoin will soon be Ethereum. On sale, there are contracts lasting from a month to 5 years
The minimum contract value is $ 9.90 for 1 TH / s, the maximum is $ 1729 for 67.0 TH / s (limited amount). Payment is made at choice by cryptocurrency, bank cards or transfers, through the Payeer payment service. The company is registered in two countries: Great Britain and Estonia.
Official Website: Cryptouniverse.io
Genesis-Mining
The company was founded in 2013 and today is one of the most reliable and popular resources for cryptocurrency mining. The company employs upscale specialists from various scientific fields related to cryptocurrency mining.
The service offers to mine Bitcoin, Dash, Ethereum, Litecoin, Monero, Zcash, and does not hide the location of its capacities. Power lease term: unlimited, contract for 2 years. For all the time, more than 2 million customers from more than 100 countries have been served. The minimum contract costs $ 28, payments are made daily. The minimum withdrawal amount is 0.0015 BTC. When purchasing capacity, use the code vJ40Vt to get a 3% discount!
Official Website: Genesis-mining.com
IQ Mining
The IQ Mining service began to function in the market at the end of 2016 and immediately established itself on the best side. It is distinguished by reliability and low mining cost in comparison with many of its competitors. Such advantages are provided through the use of so-called smart mining, which is recognized as one of the most advanced methods in the industry.
The service automatically switches between mining different coins, choosing the most profitable ones. Then the mined altcoins are exchanged for BitCoin.
There are many of the most popular and reliable cryptocurrencies available on the platform, from which you can choose to mine. Affordable and efficient most mining service with frequent payments for both small and large investors.
The minimum investment is $61. Bonus prizes are offered on a regular basis. The affiliate program gives you the opportunity to get 10% of additional income.
Special Offer: Until March 31, 2021, there is a 35% discount on all contracts!
Official Website: Iqmining.com
NiceHash is slightly different from the sites on this list. This is the largest cryptocurrency mining market in the world. Within its framework, a full-fledged economic system has been formed, uniting buyers and sellers of computing power among themselves.
Sellers can make a profit using the NiceHash Miner application: the program automatically sells the client’s power at the highest price that is currently on the market. All the necessary information is tracked in your account. This is optimal for beginners. No need to spend time studying analytics, determine the most profitable currency for mining, choose the time for work, etc.
Buyers have access to mining capabilities for all popular hashing algorithms. The high flexibility of work is provided thanks to the pay-as-you-go payment model. You can take part in tenders without reference to long-term contracts for capacity in real-time.
Official Website: NiceHash.com
Hashing24 is a cloud mining service that has been operating since 2016. The platform was created by high-level professionals and therefore stands out among others. The service is popular due to 100% stability of the hash power, as well as low maintenance costs and timely payments.
Minimum investment: $ 41.90. Supported by BitFury. Payments of your earnings are made daily. The minimum withdrawal amount is 0.001 BTC. The referral program starts with a 3% commission and consists of 8 levels.
Official Website: Hashing24.com
Official Website: Iqmining.com
NiceHash
NiceHash is slightly different from the sites on this list. This is the largest cryptocurrency mining market in the world. Within its framework, a full-fledged economic system has been formed, uniting buyers and sellers of computing power among themselves.
Sellers can make a profit using the NiceHash Miner application: the program automatically sells the client’s power at the highest price that is currently on the market. All the necessary information is tracked in your account. This is optimal for beginners. No need to spend time studying analytics, determine the most profitable currency for mining, choose the time for work, etc.
Buyers have access to mining capabilities for all popular hashing algorithms. The high flexibility of work is provided thanks to the pay-as-you-go payment model. You can take part in tenders without reference to long-term contracts for capacity in real-time.
Official Website: NiceHash.com
Hashing 24
Hashing24 is a cloud mining service that has been operating since 2016. The platform was created by high-level professionals and therefore stands out among others. The service is popular due to 100% stability of the hash power, as well as low maintenance costs and timely payments.
Minimum investment: $ 41.90. Supported by BitFury. Payments of your earnings are made daily. The minimum withdrawal amount is 0.001 BTC. The referral program starts with a 3% commission and consists of 8 levels.
Official Website: Hashing24.com
ScryptCube
All mined cryptocurrency is distributed among all ScryptCube clients and credited to account balances depending on the contribution to the total capacity. The first charges in your account can be observed the very next day. No hidden fees or commissions. Each transaction is transparent and listed in statistics.
To start cloud mining of cryptocurrencies, you need to register on the platform, select a mining algorithm and buy the desired amount of hashrate. The minimum contract value for ScryptCube is $ 4.90 per 100 GH / s. Bank cards Visa and MascterCard, Bitcoin are accepted for payment.
Official Website: ScryptCube
How to choose the best cloud mining?
As soon as the developers realized the relevance of cloud mining among crypto enthusiasts, dozens of such projects immediately began to appear on the Internet. Of course, there are really really worthwhile ones, the rest are either initially fraudulent, or simply ill-conceived and unprofitable.In order not to run into an unreliable site, you must pay attention when choosing the following indicators:
Publicity. All information about the service should be public, the site should have photos and video materials confirming the availability of equipment and employees. Truly reliable resources have representative offices on all popular thematic sites, have blogs, actively communicate with users and potential customers.
Age. The longer the company exists in the market, the more likely it is a serious project, and not a one-day project that will close, taking with it all the funds invested by users.
Offered cryptocurrencies. It is desirable that there was a choice between different coins, then in the event of an unexpected fall of one of them, you can switch to another, and not just lose the invested finances.
Functionality, in particular, the overall power of the project is essential since this is the most important guarantee of reliable and good earnings.
In addition, you should always read reviews about projects, but only on proven resources, where they are not fake. Communicating with other users will help make an unmistakable choice.
What are the benefits of cloud mining?
Many users are attracted by the following benefits of earning in such services.Currently, cloud mining is perhaps the only effective method of earning bitcoins. Especially if you find a resource where investments are not required. There are those too.
All well-known and popular resources are legal, officially registered, completely reliable and safe.
The user is spared all the worries associated with home mining. For example, paying electricity bills, cooling equipment, and fighting noise.
Good profitability, especially if you use the distribution of capacities for several different cryptocurrencies.
Profitability clearly exceeds that obtained in the case of home mining.
There is the possibility of forecasting profits, which cannot be said about trading bitcoins on crypto exchanges.
A number of services provide the possibility of automatic mining on the most profitable contracts.
Most projects have profitable referral programs that pay users for inviting friends to participate in the project.
What are the disadvantages of cloud mining?
Cryptocurrency rates are unstable. If you purchase a contract, for example, for bitcoin for a certain period of time, and after a day the coin rate drops, then there is a chance of losses.There is no guarantee that the data center will not stop due to a breakdown, resulting in losses for all customers.
There is a chance of unfair projects. Often they can be identified by overstated promises. Such as a 200% annual return. There can be no such profit on honest resources.
In addition, hackers can hack a site and gain access to the bases of a cloud mining project. As a result, users can lose all their money if the project is not thoroughly protected.
Cloud mining sites without attachments
Some resources make it possible to earn income in the form of small cash bonuses, which can subsequently be invested in the purchase of contracts. But most of them are frank pseudo-sites of cloud mining.Examples of such sites
Cloud Mine Gives a bonus every 4 hours. It allows you to mine DOGE and converts to USD. The site has been operating since 2016.Virtual Mining Farm. It provides a free capacity of 100 GH / s.
Dialtox It also provides free power, although much more modest - 10 GH / s. Allows you to mine DOGE, ETH, LTC, and BTC.
FashyHash. Bonus power - 1 MH / s. Only Ethereum cloud mining is available.
In fact, there is a lot of scam on the market. Therefore, you need to carefully check each project according to the above signs, before registering for it and even more so giving money.
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