Cloud mining contributes to the existence of blockchains and cryptocurrencies. Sophisticated machines known as mining hardware perform the calculations where miners with best cloud mining plans earn a reward from.
When you participate in a mining pool or a fully-fledged mining operation and buy a particular amount of “Hash Power” then you’re cloud mining.
Mining pools fundamentally have the needed system to mine efficiently with varying plans according to the miner’s financial capacity.
Key Takeaways
•Investing in crypto can be profitable. Nonetheless, be sure to put in what you can afford to lose. Because it is very volatile.
•Always watch out for, and get duly informed of the pros and cons of mining platforms. It will help make the right choices.
•Even though the risks of threat can’t be overlooked, be rest assured that every genuine platform has security measures put in place to protect you.
SEE ALSO: How To Mine Bitcoin At Home With Shamining
Investing in mining hardware is profitable especially when electric costs are low, but not everyone can afford to part with thousands of dollars to purchase mining hardware.
This is where cloud mining comes into play, cloud mining allows you to gain entry into the crypto mining space without the hassles of buying mining hardware or using up electricity.
What makes cloud mining easy to participate in is its low barrier of entry.
With mining sites springing up every day, one needs to be careful where to signup for a mining plan.
The “scam-scare” is everywhere with investors losing money in one Bitcoin scam website or the other. If this same thought resonates with you, then I would love to guide you on the 10 best cloud mining plans we have reviewed and found out to be legit.
1. Shamining
Shamining is a well-known mining company. With its headquarters in the UK, its plans are flexible, inexpensive, and yield high returns. It also offers a low withdrawal amount and excellent customer service.
As of now, shamining supports mining of Bitcoin only, and with this, comes four mining plans for Bitcoin. These include the CPU, GPU, ASIC, and individual plan.
A great feature of SHAMINING is that it can be easily operated (uncomplicated) by all users. Perfect for beginners.
2. IQ Mining
IQ Mining is a cloud mining service developed for the affordable mining of cryptocurrencies.
IQ Mining platform holds a lot of opportunities as it blends cloud mining activities with daily payments, and Forex trading, providing the chance for increased potential income.
IQ Mining offers profitable contracts in the most prominent and trusted digital currencies, over 100 altcoins, and a contract with a fixed payment in USDT.
All you need to do is choose your preferred contract. And in no time, you could get your first payment
Furthermore, on this platform, you can conveniently trade crypto, even Forex CFDs. You can be sure it’ll yield a great income (up to 95%).
3. ECOS
ECOS, compared to other sites, tops the lead with a reasonably smart interface suitable for an amazing user experience.
ECOS, as the name implies, houses an ecosystem that enables traders and investors to partake in cryptocurrencies through various products. It operates beyond just a mining corporation. The Advent of a mobile app (Android and iOS) for easy access, scores, and rates it well in the league of crypto mining companies.
ECOS offers only Bitcoin cloud mining contracts.
SEE ALSO: 7 Best Cloud Mining Contracts for Lucrative Returns
4. Genesis Mining
Genesis Mining is a Cryptocurrency cloud mining service that offers an easy and safe way to purchase hash power without having to deal with complex hardware and software setup.
We offer hosted cryptocurrency mining services and a variety of mining-related solutions to small and large-scale customers. The combination of our algorithmic trading framework, mining infrastructure, and proprietary mining farm-management software, Genesis Hive, quickly made us an industry leader.
Genesis Mining is the largest cloud mining provider. The company was founded in January 2014. Their mining servers are located in Europe, America, and Asia. Cloud mining allows you to rent hash power to mine cryptocurrencies without the need to buy specialized hardware and software for mining as…
Don’t wrestle with rig assembly and hot, noisy miners at home. We have the fastest bitcoin mining hardware running for you already!
5. Crypto Universe
The Crypto Universe is yet another embodiment of a new world. This amazing platform is fully registered and established in the United States. It is a trusted, stable, and secure platform for your transactions.
Part of its security measures is the possibility of making use of the 2FA, which provides an additional layer to your account and personal information.
6. HashShiny
Hashshiny is a Bitcoin-based platform that is known for its security and speed. It came into play in the year 2017 and has been up and running ever since then. It offers cloud mining services for digital currencies. In addition, it offers around 1.5% of the Bitcoin (BTC) hash rate of the world.
Presently, Hashshiny.io supports various major cryptocurrencies, among which are bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), Dash (DASH), and Decred (DCR).
On HashShiny.io, there are three easy steps a new user can follow to create a plan, and start mining comfortably. Furthermore, new users get a free 5TH/S SHA-256 (BTC) hash rate.
7. ChickenFast
For a simple, easy-to-use, cloud mining investment plan, ChickenFast could be a great take.
It has been in existence since 2015, and has been providing cloud mining services, and has tremendously made the cloud mining process a lot easier.
To sign up, the procedure is relatively helpful and beginner-friendly.
Once you provide all your basic information, you’re well on your way. There’s no technicality in the process of choosing contracts. In addition, there is a feature that allows you to comfortably calculate your expected income on the platform. That’s pretty awesome.
Even with zero knowledge of the crypto market, this platform is quite understandable.
8. Eobot
Eobot was founded and waved into action way back in 2013. The platform is accessible in the web browser as well as mobile apps (iOS and Android).
Since the blast-off, Eobot has recorded over 2.2 million users with daily active users amounting to hundreds of thousands. Through several digital assets, real-time trading has been encouraged. It also provides creative mining benefits for its users with a wide range of mechanisms.
Eobot supports a large number of digital currencies for users.
The ‘‘Eobot crypto Faucet” feature, allows the website to randomly distribute a little amount of cryptocurrency to users daily.
9. Hashing24
Hashing24 is one of the most prominent cryptocurrency platforms.
This reputable institution has been in existence since 2016, and its technical gurus have been on their toes working and researching to focus on the crypto demands.
In comparison to other platforms, hashing24 provides unlimited contracts for its users to invest in.
On hashing24, there are no fixed contracts. The customers select the hashing power and the method of payments by themselves. They can choose their desired plan depending on the forecast profit. Bitcoin is the only currency that they support in their available cryptocurrencies. The company pays its customers without any delay.
10. CryptoPlace
Cryptoplace is yet another great cloud mining platform that supports mining different cryptocurrencies, such as Bitcoin, Litecoin, Dogecoin, etc.
This cloud mining software provides users with both free and paid cloud mining plans.
Just like other platforms, all essential tools/equipment are covered already. A very conducive, and simple mining panel has also been made available. Most importantly, top-notch security for the safety of your investments and data is ensured.
To take advantage of this simplified mining process, all you have to do is register without any stress, and you’re good to go.
SEE ALSO: How to Cloud Mine Polygon MATIC
Frequently Asked Questions (FAQ)
1. What is the Minimum Withdrawal Amount?
The minimum withdrawal amount is determined by the cryptocurrency you’re trading with. Different currencies have different withdrawal limits.
2. Can You Mine on Google Cloud?
No, you can’t. Google does not support Bitcoin mining.
3. Is Cloud Mining Legal?
Depending on your geographical location, Bitcoin mining can be legal or illegal.
4. Is Cloud Mining Profitable?
Yes, Bitcoin mining can be profitable. But always remember to put in as much/little as you can afford to lose. This is because of volatility.
Final Thoughts
So now, with ease, you can mine comfortably from your comfort zone without bothering about special equipment. Take advantage of these platforms, but always put into consideration the volatility of crypto.
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