Are you looking for the best and trustworthy cloud mining Companies? You’re in the right place. We’re here to give you a list of the best cloud mining sites to make around the Internet.
Do you have any trouble renting your own hardware and mine? Cloud mining can help you in this area. We will introduce in detail from what is cloud mining to how to rent equipment to ensure a smooth mining process. Let’s get started!
What is bitcoin mining?
Bitcoin mining is the process of new bitcoin entering circulation, but it is also a key component of blockchain ledger maintenance and development. It uses a very complex computer to solve extremely complex computational mathematics problems.
Cryptocurrency mining is hard, expensive, and only sporadic returns. Nevertheless, the mining industry is attractive to many investors who are interested in cryptocurrency because, in fact, miners are rewarded with cryptocurrency for their work. This may be because entrepreneurs see mining as a drop in the sky, just like California gold miners in 1849. If you have a technical inclination, why not do it?
However, before you invest your time and equipment, please read this instruction to see if mining is really right for you. We will focus mainly on bitcoin (from beginning to end, we will use “bitcoin” when we use the Internet or cryptocurrency as a concept, and we will use “bitcoin” when we refer to a large number of individual tokens).
Cloud mining is a process of participating in the mining pool and purchasing a certain number of “hash capabilities”. Based on the distributed hash power, an equal proportion of profits is distributed among all participants in the mining pool. It allows you to mine cryptocurrency without installing any hardware. There are many companies that do the hard work for you and participate in cloud mining for you at a very basic cost. If you are looking to earn free cryptocurrency or bitcoin, here is our perfect guide to the best bitcoin faucets.
By mining, you can earn cryptocurrency without having to save money for it.
Bitcoin miners get bitcoin as a reward for completing “block” verification transactions, which are added to the blockchain.
The mining reward is paid to the miner who finds the solution to the complex hash problem first. The probability of finding the solution is related to the proportion of the total mining capacity on the network.
You need a GPU or an ASIC to set up a mining equipment.
The new gold rush
The main attraction of many mining industries is the prospect of bitcoin returns. In other words, you certainly don’t have to be a miner to have cryptocurrency tokens. You can also buy cryptocurrency in legal tender; You can use another encryption method (e.g., using Ethereum or Neo to buy bitcoin) to trade on an exchange similar to bitstamps; You can even make money by shopping, blogging on platforms that pay users in cryptocurrency, or even setting up crypto accounts that earn interest.
An example of the encrypted blog platform is steemit, which is a bit like media, except that users can reward bloggers with a proprietary cryptocurrency called steem. Steem can then trade bitcoin elsewhere.
The bitcoin reward that miners get is an incentive. The main purpose of motivating people to help mining is to legalize and monitor bitcoin transactions to ensure their effectiveness. Because these responsibilities are scattered among many users around the world, bitcoin is a “decentralized” cryptocurrency, or it does not rely on any central authority, such as the central bank or government, to supervise its regulation.
How to mine bitcoin?
The miners are paid for their work as auditors. They are working to verify the legitimacy of bitcoin transactions. The Convention, designed to keep bitcoin users honest, was conceived by Satoshi Nakamoto, the founder of bitcoin. By verifying the deal, miners are helping to prevent “double spending problems”
Dual consumption refers to the situation that bitcoin owners illegally consume the same bitcoin twice. With physical money, it’s not a problem: once you hand someone a $20 bill to buy a bottle of vodka, you’ll never have it again, so there’s no danger that you can use the $20 bill to buy the lottery next door. Although there is the possibility of making counterfeit money, it is not exactly the same as spending the same dollar twice. However, in the case of digital currency, as the Investopedia dictionary explains, “there is a risk that the holder may copy a digital token and send it to the merchant or the other party while retaining the original.”
Suppose you have a $20 genuine note and a $20 counterfeit note. If you want to spend both the real note and the counterfeit note, someone will look at the serial numbers of the two notes and find that they are the same number, so one of them must be fake. What bitcoin miners do is similar to what they do by checking transactions to ensure that users do not illegally try to consume the same bitcoin twice. This is not a perfect analogy, which we will explain in detail below.
Once miners verify a 1 MB (megabyte) worth of bitcoin transactions, known as “blocks,” they are eligible for a certain amount of bitcoin rewards (which are described in more detail below). The 1MB limit is set by Satoshi Nakamoto, which is a controversial issue because some miners believe that the block size should be increased to accommodate more data, which actually means that the bitcoin network can process and verify transactions faster.
Please note that verifying a 1 Megabyte transaction makes a coin miner eligible to earn bitcoin, not everyone who verifies the transaction will get paid.
1MB transactions can theoretically be as small as one transaction (though this is not common) or thousands. It depends on how much data is consumed by the transaction.
“So, after verifying so many transactions, I may not get any bitcoin?”
That’s right. To get bitcoin, you need to meet two conditions. First, efforts; One is luck
You have to verify about 1MB of transactions. This is the simplest part.
You have to be the first miner to find the right answer or the closest one. This process is also known as proof of work.
What is the best cloud mining website in 2021?
It’s not easy to choose the best mining service because the market is full of swindlers. Hashflash, genesis mining and IQ mining are the best cloud mining providers so far. These are the most reliable and legitimate websites to provide cloud mining solutions. But be sure to search and figure everything out before investing.
To start cloud mining, there are various top-level legal cloud mining websites to ensure the best security of your assets and provide a comprehensive list of functions. Here are the best and most rated bitcoin cloud mining websites in the market.
The UK based shaming mine, which started in 2018 and has farms in London, St. Joe and Cape Town, is one of the most suitable mining platforms for miners with the least knowledge of the infill mining process.
‘s user-friendly website interface and mining processing of animation or similar games are one of the characteristics that make shaming stand out. Anyone with a minimum of $100 can use the shaming platform to start mining. It guarantees a 1.43x return on investment (US $1000 to US $400). It also provides 24 / 7 customer support. Since 2018, it has more than 8000 encryption investors. Another useful feature of their website is the built-in investment calculator.
Shaming provides four types of contracts: CPU, GPU, ASIC and single contract.
CPU provides 23580 GH / s power, 0.0120 US dollars per GS / s and 0.0108 US dollars per GH / s per day for maintenance. Profitability = 143%
The GPU provides 94 340 GH / s of power at $0.0113 per GH / s and $0.0106 per GH / s per day for maintenance. Profitability = 149%
ASIC provides power of 235849 GH / s at US $0.0109 per GH / s and maintenance fee of US $0.0104 per GH / s per day. Profitability = 156%
As the above information shows, the high power of the system provides a high profit margin. If the user is not sure which contract should be signed, then round the clock customer service will provide service for him.
To start mining bitcoin on shaming, register your account now and get a 37% bonus on your first investment.
is a mining platform for mining bitcoin (BTC), which is safer and faster to use. It was developed in 2017 and has been working in the industry since then to provide cloud mining services for cryptocurrencies, including bitcoin, the world’s largest cryptocurrency. The developers of hashshiny claim to have developed the world’s top cloud mining platform, integrating the latest deployment technology.
It is one of the top cryptocurrency cloud mining platforms. The bitcoin hash rate it provides is about 1.5% of the global bitcoin hash rate.
Hashshiny.io currently supports a variety of major cryptocurrencies, including the leading digital currency bitcoin (BTC), the second-largest cryptocurrency Ethereum (ETH), zcash (Zec), liteoin (LTC), dash (DASH) and decred (DCR).
If you want to start mining with hashshiny.io, the company offers a package for new users. It provides free 5th / s SHA-256 (BTC) hash rate for new users.
To start using hashshiny.io for cloud mining, you only need to follow three simple steps:
Step 1: the first thing you need to do is create an account with hashshiny.io and register yourself. In order to register an account, you need to fill out a registration form on the official website, providing personal information, such as your first name, last name, email address, etc.
Step 2: the next step you have to follow is to choose a plan. There are six cloud mining plans for six different digital currencies. You have a chance to choose any one of them.
These six plans include SHA-256 cloud mining (for BTC cloud mining), ethash cloud mining (for eth cloud mining), scrypt cloud mining (LTC cloud mining), X11 hash cloud mining (for dash cloud mining), blake256r14 cloud mining (for DCR cloud mining) and equihash cloud mining (for Zec cloud mining).
Step 3: in the third step, you must pay for the plan you choose, and then you can start to use hashshiny.io for cloud mining.
In addition, the main functions provided by hashshiny include pool allocation, expert team service, security, daily payment, mobile application, mining switch and low maintenance cost.
Hashmart follows the principle of capacity leasing; It provides customers with the opportunity to buy a certain amount of hashrate in the contract. You can use bitcoin or traditional payment systems visa, MasterCard and SEPA to pay for contracts. Hashmart offers our magazine readers a 5% discount when using the grab5 promotion code or clicking on this link.
The computing power of the provider’s equipment has reached 150.5 petas per second. Hashmart ASIC miners are located in a favorable geographical area: the equipment is located in Siberia, and the cold climate allows you to reduce additional cooling costs. In addition, hashmart has a high reputation, and the company itself was founded six years ago.
Users of hashmart do not charge extra for purchasing contracts, withdrawing cryptocurrency or registering accounts. Hashmart has experienced service personnel, which eliminates the technical problems of the equipment;
Hashmart’s advantages have been appreciated by more than 1000 miners around the world. The platform is developing and will be expanded soon. Despite one drawback so far, customers can only buy bitcoin contracts. In the future, the platform promises to increase contracts for Ethereum and make it possible for users to reinvest their funds. You can try all the platform features in demo mode. Most of the features are available without any initial investment. Customers can invest in hashmart after a thorough review of all service features. Even without the initial investment, you can make money on hashmart. The company has subsidiary plans. Customers of the provider can invite their friends to participate in bitcoin mining and deposit 5% of the purchase amount into their accounts in the form of power.
Go to Hashmart here.
Hashnest was launched by bitmain, a mining hardware manufacturer, in 2014. The company is still operating and has provided all the evidence that it has the equipment to mine cryptocurrency.
Hashnest offers the opportunity to rent a single device, which is not suitable for all users. In addition, the platform has an annoying feature. If the ASICs service fee exceeds the amount paid by the user for ten consecutive days, the cloud mining contract will be automatically terminated.
Go to Hashnest here.
The main advantage of Hashflare is that it can choose a large number of cryptocurrencies for mining, and has a very high reputation.
However, the current popularity is not compatible with the service of Hashflare, because it is quite difficult to find a free contract to invest in Hashflare.
In addition, due to a large number of unconfirmed transactions in the history of the platform, the cryptocurrency fund has suspended withdrawals.
Go to Hashflare here.
The hashing24 team started working on cryptocurrency mining as early as 2012, but the service itself emerged only four years later. Hashing24 has no cryptocurrency mining hardware. Instead, the platform resells the capacity of bitfury, a well-known supplier.
In order to maintain the mining contract, users pay a fixed commission of US $0.00033 per 1g hash per second per day.
Go to hashing24 here.
MVU Cloud Mining
MVU cloud mining is a company with 3 years of mining experience. MVU cloud mining’s website describes their mines and three different hashrate contracts. According to the built-in computer on the MVU cloud mining website, users can quickly calculate the revenue in the next few days. Of course, the specific income depends on the current coin price.
At present, MVU cloud mining provides bitcoin, ETH, filecoin and other three currencies. Moreover, MVU cloud mining has launched a three-day hashrate package for new users, which enables new users to get benefits in three days. In addition, there is no time and amount limit for MVU cloud mining to withdraw cash. Users can choose to withdraw cash at any time. Of course, users have to complete the authentication of wallet address first. And users can make money on MVU cloud mining without investment.
The company has subsidiary plans. Customers of the provider can invite their friends to participate in bitcoin mining and deposit 5% of the purchase amount into their accounts in the form of power. In general, according to the user evaluation of MVU cloud mining, it is also a cloud mining platform that can be tried.
Go to MVU Cloud Mining here.
At the end of 2016, IQ mining
began to provide services. The feedback from customers is very positive these days. The company provides remote devices that users can rent and join in cloud mining. In a limited time, IQ mining has attracted nearly 50000 users. According to your wishes and investment, IQ mining offers three different packages.
IQ mining has many cryptocurrencies available, from which you can choose to mine. Registration is free and there is no subscription fee. There are smart contracts that can be used to reduce risk.
IQ mining has a very soft and user-friendly interface. With its headquarters in Europe, the platform is available in four major languages (French, Spanish, Russian and English). Compared with the incomprehensible investment, the profit forecast is quite high. Before gaining more customer recognition, the platform is suitable for small investments.
is one of the best cloud mining providers in the industry. The company was established in the Armenian free economic zone in 2017, while the Armenian government signed an agreement with the company behind the cloud mining provider. ECos is developed to meet the needs of customers, who like cryptocurrency cloud mining and want to get relief from self mining. In addition to its headquarters in Armenia, the company also has a headquarters in Russia.
ECos is a cloud mining provider you can trust because it is one of the first cloud mining providers to operate in a legal capacity. ECos is considered to be one of the top cloud mining providers. It only provides cloud mining services for a digital currency (bitcoin is the world’s largest cryptocurrency by market value). At present, the company is serving more than 40000 users from all over the world.
The company provides users with a variety of mining contracts. The minimum price for the specified mining contract is about $125. The contract is valid for 6 to 50 months. You can deposit or withdraw money with different options. These include credit cards and cryptocurrencies such as bitcoin, ETH, XRP and LTC.
There are many advantages to mining with eCos. One of the advantages of using eCos mining is that new users will get one month’s free promotion contract. Other advantages include tax incentives, affordable power, operational support, modern equipment, and extensive contracts.
is one of the largest cloud mining companies providing bitcoin mining projects. Established in 2013, the company has maintained its reputation in the market by providing intelligent and convenient investment solutions.
The company has more than 2 million customers from all over the world. In terms of hash capability, genesis mining is the largest provider of hash capability for altcoins and bitcoin.
The platform provides both bitcoin and low-cost coin mining. You can use the hashing power you have to mine different coins at the same time. For example, you can use different passwords to spread your investment risk. The company takes care of the miners and repairs them to get out of trouble.
Genesis mining offers a number of pricing packages based on your hashing power and the type of coin you are interested in. Compared with other cloud mining platforms, they are a bit expensive, but they provide excellent experience and support.
is the most common bitcoin cryptocurrency platform, providing legal cloud mining services. The organization has been operating since 2016, and its research team has focused on the demand for cryptocurrency since 2012.
The official headquarters of hashing24 are in the UK, Thailand and Ukraine. Compared with other platforms, hashing24 provides users with unlimited investment contracts.
On hashing24, there is no fixed contract. Customers choose their own hash capabilities and payment methods. They can choose the plan they want based on the predicted profit. Bitcoin is the only cryptocurrency they support. The company paid its customers without delay.
was founded in early 2018 to provide services in Russia and CIS countries. They are the pioneers of ASIC miner cloud sharing, which is the opposite of selling mining contracts. Bemine’s operation speed in Irkutsk, Moscow, Chelyabinsk, Siberia, and even Almaty, Kazakhstan has exceeded about 70000 times per second, and has been expanding.
Bemine has United Russia’s data centers, as well as miners and individuals who want to participate in cryptocurrency around the world. Miners are invited to store their equipment in a cooperative data center, and users can purchase and store mining equipment without having to be present in person during the purchase, transportation, installation, configuration and maintenance of ASIC.
If you don’t want to buy an entire mining company, you can also try its shares. Bemine can sell up to 1 / 100 of its shares of exact ASIC at a reasonable price, which could be a very useful way to start the coin mining experience without buying an entire expensive machine. But if you have a complete one, you can also buy a door-to-door ASIC. Now, they have even signed a ticket price cloud contract with deposit withdrawal.
is a cloud mining service provider and encryption switch. It was launched in the United States as early as 2013. Although the platform is used in web browsers, eobot can also be used on Android and IOS.
Since its launch, eobot has more than 2.2 million users, with hundreds of thousands of active users every day. It also facilitates real-time transactions through a variety of digital assets. Eobot provides innovative mining services to users through a variety of tools. It provides a wide range of cryptocurrencies, allowing users to trade between the two.
There is a function called “ebot encrypted faucet”. Through this function, the website gives users a small amount of cryptocurrency at random every day. Members are free at the exchange, and there is no monthly fee.
However, there is a 5% charge for each transaction. Since the exchanges are operational, they never compromise on security issues. The exchange also provides a bug bounty audit report, which is refreshed every 60 seconds. It allows users to observe how much encryption capital is at risk.
How to choose a bitcoin cloud mining website?
When it comes to choosing the best mining site, the process is very smooth and direct. You just need to choose a plan to see how the service works.
Perhaps the most complex part is finding the right host. Always check the company’s background, check their website, and read their reviews. Check again if they have statistics on their previous work
What kind of cloud mining is profitable?
It all depends on the company you choose. Some companies provide users with leverage in their monthly fees, while others charge high fees for registration fees. You should also focus on the profitability of the mining industry to see which company is more profitable in terms of contracts. Last but not least, the quality of service they provide. In the process of selection, we completely ignored many shortcomings, so we must study these aspects to achieve the ultimate goal.
Does cloud mining pay off?
It depends on whether the platform is legal. Most of the time, there are Ponzi schemes. They usually collect fees from newcomers and then pay old customers and themselves, and most of the time, the company will disappear because of filing. So you have to verify the real information before diving.
Recently, cloud mining is becoming the main trend of encryption and bitcoin. The reason is simple. Cloud mining makes mining more simple and convenient. By using the cloud, you can avoid the trouble and pressure of using the hardware at your own speed. In this respect, cloud mining is more profitable than hardware mining.
In addition, although cloud mining may have some disadvantages, it does have advantages. It makes cryptocurrency and bitcoin easier for the public to use. Cloud mining has a broad development prospect, but there is a legitimacy problem whether it is legal or not.
Many companies that provide cloud mining services are scams or use invalid business models. I mean, if you buy or hold bitcoin, you’re either risking money or making less than you should.
We’d like to hear about your experience in cloud computing. If you need any help, please let us know in the comments section below.