Websites for Сloud Mining
What Is Cloud Mining?
Cloud mining is the mining of cryptocurrency using the computing power of specialized data centers. Its main difference from traditional mining is that the user does not need to purchase the necessary expensive equipment, software, pay increasing payments for electricity, etc. Thus, cryptocurrency mining takes place in the cloud.
To know what Bitcoin mining is, you also need to know what Bitcoin is and how it works. Bitcoin is the first cryptocurrency, and incidentally the one with the highest price.
Bitcoin, like most other crypto currencies, works with a data system called blockchain. Blockchain, as its name suggests, is a series of blocks also called nodes.
These nodes store transactions in a decentralised manner: there is no central authority or owner in the blockchain that keeps an eye on everything, as there is in today's banking system. Yet it is virtually impossible for criminals and fraudsters to manipulate the data in the blockchain, because the nodes constantly monitor each other.
Now we can conventionally distinguish 3 main types of cloud mining:
Advantages and disadvantages of Cloud Mining
Advantages | Disadvantages |
|---|---|
Overall, cloud mining is a great alternative to the traditional ways of mining cryptocurrency. It is quite easy to engage in such mining, but the main difficulty is the choice of the service that provides the service. The market is growing, the number of offers is increasing, some companies are faithfully fulfilling their obligations, and some are cheating their clients. We offer you a rating of 10 reliable sites for cloud mining.
Shamining.com
Cloud mining platform operating since 2018. You determine the optimal hashrate amount, purchase a contract - and get daily income in VTS depending on the selected parameters. There are over 17,000 crypto investors working with Shamining.
Benefits:
A special calculator will help you calculate your potential earnings in Shamining. You can choose the desired power (in GH/s) or the amount of investment (in USD). Given the current exchange rate VTS, the system will show your possible daily, monthly and annual earnings. The average yield of the project is about 143%.
NiceHash
The world's largest crypto-mining power broker, operating since 2014. NiceHash offers to mine cryptocurrency with its own equipment or rent mining power, directing it to the largest pools, as well as trade more than 50 cryptocurrencies on the built-in exchange.
Benefits:
With the mobile app for Android or iOS you can manage your NiceHash account - e.g. check your mining status, deposit or withdraw cryptocurrency, manage orders, get notifications about any actions happening on the platform, etc.
ECOS
A bitcoin cloud mining platform, the data center of which is located in the Free Economic Zone of Armenia. The company was created with the support of the Armenian government, so its activity is absolutely legal and investors can be confident in the safety of their investments.
ECOS allows renting capacity of its data center and mining bitcoins without experiencing the difficulties of independent mining. The company has been on the market for more than three years and in that time their number of clients has grown to 50,000 people.
The advantages of ECOS:
BeMine.club
Cloud mining platform operating since 2018. Provides services for residents of the Russian Federation and CIS countries. With BeMine, miners can place their equipment in the data centers of partners, and ordinary users can purchase and use it, without the need for configuration and maintenance. The total capacity of the service reaches 78.6 thousand Th/s, and more than 16.4 thousand users are clients of the platform.
To start mining you have to register on the platform, top up your balance and purchase suitable equipment (or sign a contract). The equipment is already running and ready to work, so you will get income on the very first day. You will be able to buy more equipment and withdraw your earnings at any time.
Advantages:
Genesis Mining
The Genesis Mining platform is a service that allows you to engage in cryptocurrency mining in the cloud. At the moment, it supports earning 6 cryptocurrencies: Bitcoin, Ethereum, Litecoin, DASH, ZCASH and Monero. Each of the currencies supports 3 standard tariff plans that differ in cost, extraction volume and term of the contract, as well as the ability to conclude an individual tariff.
Among the advantages of the service are the absence of additional commissions, periodic promotions (distribution of Bitcoins that can be spent to rent computing power), instant earnings after launching without waiting for hardware setup, 100% server uptime. Withdrawal of funds is available after the accumulation of a minimum amount in the account (for each cryptocurrency has its own limit), the transfer of funds is automatic.
OXBtc
Cloud mining service OXBtc is the brainchild of large Chinese company Halleycloud Technology. Among the advantages of the system are:
The service offers 2 main types of deposits: current and fixed. By maneuvering between them, users can recoup all their investments in the shortest possible time.
Hashing24
Hashing24 service has been operating in the claud-mining segment since 2012. Among its advantages are stable capacity and protection against failures, high efficiency from the use of high-tech equipment, prompt execution of all transactions, as well as cryptocurrency mining at the capacity of Bitfury, the leader in the field of mining.
Users of the service can calculate the potential profit thanks to a special calculator based on current statistical data. In addition, every new customer can take advantage of the demo platform, where the robot projects a model of return on investment depending on their volume. All the user has to do is to enter the number of hashes into the simulator, confirm the purchase and see the profits after a day.
All transactions in the system Hashing24 are made in BTC, but the acquisition of capacity can be done through a variety of methods: Bitcoin, bank cards, bank transfer, OkPay payment system.
HashNest
HashNest is a clud-mining service of one of the leading manufacturers of cryptocurrency mining equipment - Bitmain. The main advantage of the system is the low cost of capacity: this is due to the fact that the equipment lessor is, in fact, its owner, which eliminates a lot of markups from intermediaries. Also, the project allows you to sell and purchase mining at current prices on a special capacity exchange.
The service currently offers contracts for AntMiner S7/S9/L3+ equipment. They are based on the SHA-256 script. Users can mine cryptocurrency with as little as 1 GHs. When working, customers do not pay for electricity, get paid for each block found and have a rollover profit payout.
IQ Mining
A platform that combines cloud mining and an exchange that supports forex, options and cryptocurrency. Operates since 2016. To earn money from mining you just need to register, buy a suitable contract - and you will be able to withdraw profits every day. A yield calculator will tell you how much you'll earn each day, month and year based on the contract you choose, duration and investment.
Benefits:
