Are you interested in mining bitcoin without spending money on expensive equipment or setup? Also, you don’t want to mine Bitcoin yourself? Then the best solution for you is Cloud Mining. Now you have to find trusted and the best cloud mining sites. Scroll down and find out the best cloud mining sites. With cloud mining or cloud hashing, you let data centers mine Bitcoins for you by renting and paying for their equipment and paying so it can run smoothly.
Note: Cloud mining is a high-risk speculative investment; therefore, read everything related to cloud mining and cryptocurrencies before investing.
What is Cloud Mining?
Cloud Mining offers you to mine cryptocurrency without installing any hardware or high-end machines. Many companies help you to participate in cloud mining at a low service cost. Or you can say that Cloud Mining is a mining pool where you buy a certain amount of “Hash Power.” All the mining pool participants get an equal proportion of profit when distributed based on allocated hash power.
Pros of Cloud Mining or Cloud Hashing
- No need for spending on expensive hardware and software installation.
- No electricity costs and stress of upkeep.
- Start or quit mining bitcoin at any time.
- No more sound of fans running wild all day long.
Cons of Cloud Mining or Cloud Hashing
- Many scams and lower profits in the long-term.
- You cannot upgrade the gear yourself.
- Cloud mining providers may shut down anytime.
Many people want to mine crypto but don’t have money to spend on expensive hardware. So, for those cloud mining contracts are the best option.
How to choose the best cloud mining provider?
There are so many cloud mining providers in the market, but choosing the best one is a big question because many companies are fraud and commit scams. Before choosing, you should check the following things:
- Reputation and Reliability: Reputation of a cloud mining contract is essential. Always read reviews from different sources; otherwise, a fraud company may exploit the “bitcoin boom” and practically rip you off.
For you, we make a list of reliable and best cloud mining providers.
- Price: The price of operations is also essential. You can pick the machine you like to rent and how many. The minimum amount is almost $10-20 per month.
Best Cloud Mining Sites in 2021
List of the four best cloud mining sites in 2021:
The first provider in our list of best cloud mining sites is Eobot, which is also a crypto exchanger. It was launched back in 2013 in California, USA. Eobot gives innovative mining services with a wide range of tools. Once your sign up was complete, the website notifies you when anyone logs into your account from a new IP address. You also get Two-factor authentication by default.
Maintenance fees – $0.00021/GH/s/day.
Eobot also offers many features and services; such as:
- Contracts are available for a wide range of cryptocurrencies.
- You can buy deals with Bitcoin or via a USD credit card using Epay.
- Available on both android and iOS.
- Wide range of cryptocurrencies to let the user trade in between.
- A calculator on the website to quickly calculate the earnings per cloud instance.
- Receive mining updates every 60 seconds.
The Eobot has over 2.2 million users and thousands of active users daily. You also get the Eobot crypto Faucet feature of the website that randomly gifts a small amount of cryptocurrency daily to users. There are no monthly fees and the membership is free on the exchange. However, they charge a 5% fee on every transaction.
Hashflare offers a customizable pool mining solution since 2013. You also select which pools you want to mine. With transparent fees and commissions, you can always track how much you have made, including expenses. The best thing about Hashflare is that you don’t need a high amount of money for investments to start.
It also offers two types of mining like other cloud mining provider:
- $0.0035 for every 10 GH/s of SHA-256 coins
- $0.005 for every 1 MH/s of Scrypt coins a day
The users can mine five different cryptocurrencies via this platform:
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin (BTC)
Bitmain launched Hashnest in 2014. It is a world-renowned manufacturer of ASIC mining hardware. Bitmain also owns Antpool, which is the largest mining pools in the present time.
HashNest rents out hardware for mining, currently offering a selection of Antminers and a StrongU miner. Hashnest has mining farms worldwide and offers excellent cloud mining contracts. PACMiC V5 – “Payback Accelerated Cloud Mining Contract”, it is a particular contract that aims to cut down the payback time-frame a lot.
Note: Hashnest will terminate your contract if your daily payout is lower than the maintenance fee for ten successive days. There is no cancel or refund policy.
Hashing24 provides legal cloud mining services since 2016 based in the United Kingdom, Thailand, and Ukraine.
Hashing24 provides unlimited contracts in comparison to other platforms. There are no fixed contracts. You can also select the hashing power and payment method. The only available cryptocurrency is Bitcoin, and the company pays its customers without any delay. It has partnered with big-name such as BitFury. Bitfury also mentions Hashing24 on their website. If you’re new to cloud mining, you can also use Hashing24’s demo mode. It will help you to understand how much you might earn.
Hashing24 fee – $0.00033 per GH/s per day.
Other Best Cloud Mining Providers in 2021
- Bitcoin Pool
- Genesis Mining
- IQ Mining
Any Free Cloud Mining Trials?
If a company offers you free trials, then most certainly the company is trying to scam you. No one gives you free cash in return for nothing. So, stay away from those who offer free cloud hashing trials.
The primary purpose of this article is to tell you about the best cloud mining sites. There are so many cloud mining providers that create confusion. Also, there are a lot of scams in the Bitcoin cloud mining industry. This article will help you to choose a reliable cloud mining company to prevent you from scams. Also, run a virus scan weekly or monthly to ensure that you are not affected by a virus and stay safe from the risk of being hacked.
Thank you for reading the article ” Best Cloud Mining Sites | Everything You Should Know!.” If you want to know anything else related to Cloud Mining or have doubts, then ask in the comment section.