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Top list of Cloud Mining Services. Compare the best providers

Looking for a best cloud mining? We compare top reputable cloud mining providerss, so you can avoid scam companies and easily find out the best cloud hashing sites.

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Most popular arrow_drop_down Advantages Coins Working Since arrow_drop_down
  • Immediate payouts if hashpower is purchased from bitcoin
  • Unlimited contract length
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Bitcoin
Litecoin
Ethereum
Zcash
Dash
2014
year
Visit Website
Company location: Estonia Get 22% Discount on your Mining Contract.
  • Company’s facilities are scattered across the globe to provide higher security
  • Affordable plans
  • Autotrader feature contributes to profitability
More info
Bitcoin
Litecoin
Ethereum
Zcash
Monero
Dash
2013
year
Visit Website
Company location: Hong Kong
  • The mining pool provides access to 14 cryptocurrencies
  • The pricing is simple and clear
  • The maintenance fee is relatively low
More info
Bitcoin
Litecoin
Ethereum
Zcash
Monero
Dash
2014
year
Visit Website
Company location: N/A
  • There are no additional fees and a one-time purchase price for the contract
  • All devices are configured for the most optimal extraction algorithm to start the mining process
  • Electricity contracts are much lower than market prices
More info
Bitcoin
Litecoin
Ethereum
Zcash
Monero
BitcoinCash
2016
year
Visit Website
Company location: London
  • We handle all hardware and infrastructure while you focus on mining
  • We provide attractive hash price
  • You have the same access as the world's largest mining companies
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Bitcoin
2012
year
Visit Website
Company location: Scotland, UK
  • Low cloud mining price and maintenance fee
  • Possibility to trade hashpower
More info
Bitcoin
Litecoin
Ethereum
Zcash
2014
year
Visit Website
Company location: China
  • Possibility to trade hashrates
  • Possibility to buy mining rigs
More info
Bitcoin
2014
year
Visit Website
Company location: China
  • Interesting side projects Cloud SETI and medical researches
  • Immediate payouts
More info
Bitcoin
Litecoin
Ethereum
Zcash
Monero
Dash
2013
year
Visit Website
Company location: United States
rma

What is cloud mining?

The process, when new bitcoins are created while the miners are verifying the transactions on the blockchain, is called bitcoin mining. To define the validity of transactions the mining equipment is solving some complex mathematical problems, and that requires the continuous run of CPU, ASIC or GPU.

When a host company has got mining hardware and it is run at a warehouse, that is called cloud mining. You can rent some of the hardware by paying this company. Depending on how much hash power you rent there is an opportunity to earn a share of payments from the cloud mining company for any profit generated by the purchased hash power.

About Cloud Mining Companies

A lot of cloud mining providers existing on the market can offer you a wide variety of services. Though the clients should be careful enough when choosing the right provider, since there are scammers, whose only goal is to build a pyramid investment scheme or simply steal your bitcoins.

The website of your future cloud mining providers should contain ‘About’ section, and it is better to check it before you make your choice. In case there is not that much info on the site itself, the page can tell you a lot about the company. On this market, trust is a key factor and if somebody is trying to hide from the public, that fact should immediately become a warning sign for you, and it’s better to find out whether this company provides legitimate services or not. Some providers have no special information about the firm background such as founders, owners and CEOs, but introduce only the list of general statements of the mission. Also, you can go and try looking for the cloud mining names on different forums connected with the mining topic, since unsatisfied customers can usually be a very good source of useful information.

As a rule, the heart of any cloud mining company is its mining facility. This is the place where the clients’ trust can be earned, or where it can be lost forever. In order to ensure security for the equipment not to be stolen or damaged, the cloud mining providers never disclose the exact location of the farms. But you have to think twice when the city where the mining rigs are located is not provided by the company, since it can be another proof that the hardware which is supposed to provide the cloud hashing power is just a fake.

Take note that sometimes providers post different facility pictures, and these require careful review. Usually it is exactly the images that can give you the whole picture of the farm environment. For example you will be able to clearly see if the heat is adjusted properly, and also whether the electricity supply is sufficient or not. You will probably be well informed about the overall condition of their cloud mining business, as the more machines they have, the more hashing power can be sold over the cloud. If it’s a total mess about the rigs, and there are tangled cables hanging everywhere, you can’t be sure that this exact provider can guarantee 100% uptime. Also, it can take a lot of time to fix a mining rig, which is even hard to reach.

Caution: Be sure not to get all mixed up about the cloud mining company and bitcoin high yield investment programs, because the latter are just online scam sites. They usually try to persuade their clients that they are serious investment companies, and the crypto trading or cloud mining are the way they are making money. But as a rule it’s just a fake, and they’re using an endless chain scheme to live off users deposits for as long as possible until new users make some new deposits. Thus, the old users get the parts of those deposits as return on investment. But remember that such Bitcoin HYIP exist only for a couple of weeks usually, and then you can find them offline all the time. You can check this overview about such investment sites running now. Try to avoid those – they are fake cloud mining farms.

Cloud Mining Scams History

The majority of Cloud Mining Companies are believed to be Scams! What is the reason for that? Because taking people’s money is easy for companies, and then they just do not pay out. A cloud mining company can claim to be the one without any proof of owning any hardware at all.

Setting up your website in any place in the world is as easy as apple pie if you have an access to the Internet, which is why the amount of cloud mining scams grows every day.

There are cases where a company acts legit and sends initial payments to its clients. But then it just makes no further payments and keeps the payments that are already received for hash power.

HashOcean and Cloud Services are among those scam mining companies that were uncovered in just the last year.

Services that Cloud Mining Companies provide

As a rule, the cloud mining providers are specified for bitcoin mining under SHA256 algorithm. But you need to know that also the services for other altcoins under scrypt and X11 algorithms are offered by some companies.

Special features are also available for users at some platforms beside cloud mining

  • Cloud SETI program to run the PC power to find aliens in space is offered by Eobot.
  • With the purpose to maximize your profit Genesis Mining and Minergate are running automining option, and that means that the miner is automatically adjusted to always mine the most profitable altcoin available.
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Fees and Pricing Schedule

Usually it is the two elements that the cloud mining contract consists of. One of them is just a usual charge for the contract in order to obtain the cloud mining services. Depending on the conditions of the contract, this can be a one-time fee, or you can pay it on a regular basis. The other one is the maintenance fee, and it covers all electricity and cooling costs and deducted daily from the sum that you earned. At Hashnest and Bitsrapid the maintenance fees are removed and built into the contract prices.

The cloud mining pricing range can be wide enough. The price of the cheapest cloud mining contract on the market is 0.99 USD per GH/s at OxBTC. Talking about an average price it would be about 5-15 USD per GH/s. Conditions are different depending on the provider. For example one provider can offer better unit prices if you purchase more hashing power, while the other just price bigger contracts just like the small ones.

What needs to be understood is that high prices do not guarantee better service quality, and anyway it is always better to rigorously check the services of your future provider as a whole, since it’s not always just about the prices. Also please pay attention to other options of getting your cryptocurrency – you are able to buy it online or you can trade bitcoin and other crypto currencies.

Is Cloud Mining Profitable?

Actually, it mostly depends on what is your purpose of getting into cloud mining. If you just want to get some coins, then just leave the idea of cloud mining or even mining at all.

More coins could be yours for your buck if you just decide to buy coins!

In case you believe mining is a great thing and you want to give it a try, then cloud mining is not probably a good option for you. Just pick an inexpensive USB miner and just run it at your place.

coins

JUST WANT coins?

If coins are what you want, then mining won’t be a good means of getting them.

The SIMPLEST and FASTEST way to purchase coins is buying coins.

User Experience

It’s not a secret that due to the complicated technical nature of the whole process, bitcoin mining could be a rather difficult thing to do. But please note that the providers can help their clients to ease the decision making since they offer detailed guides on all services they provide. A lot of providers never disclose the contracts price before the client registers on the landing page of their company. If the user does not intend to sign up immediately, it is recommended to check the FAQ section and also the Terms and Conditions pages in order to see if there’s any info about the fees and prices.

Remember that a platform, which is easy to use and also transparent, will sooner earn trust and direct a lot of possible clients to a cloud mining provider.

General Conclusion

If you’ve made a positive decision about the cloud mining, there’s no doubt you will earn some side income, and this is also a good way to get cryptocurrencies. However, do not forget to check everything twice before you sign up to cloud mining services, as there are a lot of scammers online whose goal is only to steal what’s yours. Here’s the information for those who want to invest in hyip or pyramid investment schemes: Check everything again and again, since all pyramids / hyips are just scams where only the early adopters win and all the rest simple lose all their investments. If you are a thrill seeker, then you should try a bitcoin broker instead and put your trading skills to the test.

Investing involves risk, including possible loss of principal.

In addition to the normal risks associated with investing and mining, cryptocurrency mining investments and related instruments may involve risk of capital loss from unfavorable fluctuation in cryptocurrency values, exchange-related risks, policy risks, liquidity, and market price fluctuation and demand.

All information on this web site are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase.