Find the Best Cloud Mining Platform
Hashshiny offers its users the opportunity to mine bitcoin and 5 altcoins.
If you have interest in crypto mining, Hashshiny might just be the opportunity you have been looking for.
Hashflare is a cloud mining platform. The brand is one of the best-known in the cloud mining industry. According to the company’s website, HashFlare has provided its service to over 2.5 million people. The company is based in Scotland.
MinerGate is a mining pool created by a group of cryptocoin enthusiasts. It is the first pool which provides service for merged mining. This means that while mining on our pool you can mine different coins simultaniously without decrease of hashrate for major coin
ViaBTC has become a boom in the cloud mining industry and promises to bring solid earnings to its investors. When it comes to Bitcoin, Litecoin and BitcoinCash mining pool, ViaBTC definitely deserves a special mention. The company boasts an extremely huge Bitcoin mining pool, which is currently world’s fifth in its growth.
NiceHash is a large platform for those who do not want to constantly monitor the situation on the cryptocurrency and study which altcoin is more profitable to mine at the moment.
IQ Mining is a one-of-the-kind cloud mining service. To get started with IQ Mining US, you need to choose your service option and then the company’s machine will work for you.
ECOS works with its clients according to different cloud mining contracts, which serve as a kind of agreement for the lease of facilities for the mining of cryptocurrencies.
CryptoUniverse is a service for cryptocurrency cloud mining. It was developed by the CryptoUniverse company and launched in 2018.
BeMine is a young cloud mining project powered by ASIC hardware and targeted toward a wide audience of users.
Genesis Mining is a UK based mining contract provider with a solid reputation for integrity and customer service with transparency – working in conjunction with Spondoolies tech – another highly reputable Israel based firm with top of the class mining rigs.
SERVICE IS NOT AVIABLE
Cryptomining.farm is a cloud mining company that provides its clients with an opportunity to produce cryptocurrency and invest their finances with guaranteed profit. What they offer is virtual mining contracts with bitcoin payments.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
Cardano (ADA)
Bitcoin Cash (BCH)
Litecoin (LTC)
Monero (XMR)
Dash (DASH)
Zcash (ZEC)
Cloud mining is a good way of earning money in the modern world. It allows you to get income from cryptocurrencies, without any special knowledge or skills being required on your end. Due to the high popularity of cloud mining, a large number of mining platforms have appeared on the network. That is why it is critically important for users to choose a company with a professional approach, top-notch service, and focus on every customer.
If you have no knowledge or experience in cloud mining and are looking for a platform that you can trust at 100%, then it is recommended that you check cloud mining ratings instead of making a random choice. Thus, you will pick a quality service to make substantial profits with no risks to your wallet.
The TopCloudMining service is a unique project suitable for both beginners and savvy crypto investors. The platform provides comprehensive and up-to-date reviews of different cloud mining vendors, highlighting key features of every company, thus, helping you to pick your perfect match provider. On top of that, you can also find useful information about different types of mining as well as fresh industry news. All in all, TopCloudMining hosts all the necessary information for you to avail of your mining operations at max!
What Is Cloud Mining?
While individual cryptocurrency mining is becoming less effective, users are actively resorting to cloud mining, which allows mining cryptocurrencies without buying hardware. This is all very simple. With cloud mining, you are just renting mining power. In this case, you do not buy equipment, do not deal with the issue of its placement, do not incur additional expenses for electricity but simply pay a fixed amount for using external capacities from mining farms. The latter are already assembled in data centers: you just need to create an account there, and you can start mining right away.
This is especially convenient for users living in countries with high electricity costs as cloud mining equipment is usually installed in places where the price of electricity is low. Cloud mining is considered one of the best ways to make money on cryptocurrency as it frees the user from around-the-clock process control, large electricity expenses, and other difficulties associated with individual mining.
To receive income from cloud mining, you need to sign a contract for a certain amount of hash rate from companies that have large data centers with ASIC equipment. You can start with $100-200 and gradually increase the investment level as your profits grow.
The benefits of cloud mining are just obvious. It requires minimum investment from a crypto investor and comes with reduced mining risks. If this is what you aim for, then TopCloudMining will make your life even easier. On the website, you will find all the information necessary to start mining Bitcoin right here and right now:
- Ratings of trusted cloud mining sites;
- Detailed and up-to-date reviews of mining vendors;
- Mining specs for different types of digital assets.
All the information is properly structured and categorized. So you will hardly get lost looking for a target platform, review, or piece of content.
Cloud Mining History
Cloud mining is considered a source of stable income from mining BTC or any other cryptocurrencies. Bitcoin was the first popular cryptocurrency that appeared in 2009. But the methods of its extraction gained prominence in 2010 only. At that time, people didn’t even know what to do with the asset and how to benefit from it. It all started from individual mining when people had to buy powerful equipment and create individual mining farms. By this time, such conventional mining had become unprofitable since the local computer’s power was not enough to make significant profits.
To increase the potential and power of the mining equipment, people began to group together and connect several PCs, processors, video cards to work. This phenomenon laid the foundation for the future formation of cloud mining, which is more than a trend today. Fewer people are resorting to individual mining today. Its cloud alternative provides a number of advantages for the investor. It eliminates a number of technical problems and increases the profitability of investments.
The first cloud mining pool was launched in November 2010 and is known as Bitcoin Pooled Mining Server. Over the years of its operation, it has mined over 1 million Bitcoin and is still on the go today. Bitcoin Pooled Mining Server was the first company to introduce the new technology and make it popular around the globe. Since 2010, a lot of prominent stakeholders have stepped into the market and acquired major cloud mining power for investors.
Pros and Cons of Cloud Mining
Undoubtedly, cloud mining has many positive aspects; otherwise, it would not have gained such popularity. Among its main advantages, it is worth highlighting:
- Mining convenience, especially if we compare it with individual mining. Cloud mining does not require the purchase and adjustment of equipment, payment of electricity bills, etc;
- Multiple investment options: if you wish, you can start mining with both $1,000 and $1;
- No need for constant monitoring of equipment operation, identification and elimination of malfunctions, configuration, and software updates;
- It is a completely passive income model that does not require your 24/7 participation. You only need to withdraw the mined cryptocurrency to your personal wallet from time to time;
- Most cloud services have a mining profitability calculator that you can use to map out the income level for a specific contract based on the network hash rate and the rewards for the mined block;
- Diversification of investments: you can buy a hash rate for the production of different cryptocurrencies using different algorithms from a single service;
- The affiliate program makes it possible to get additional profit by inviting friends and acquaintances to the service;
- The rented capacity is protected from power outages, which prevents the situations where the mining of coins stops completely.
With all its positive features, cloud mining comes with some nuances that you should be aware of:
- A hacker attack can be made on the cloud mining platform. For greater security, it is recommended that you choose large reliable services that use state-of-the-art technology for system protection and allow users to withdraw the earned assets to personal crypto wallets;
- The mining difficulty coefficient of popular cryptocurrencies is growing all the time. This means that with the same power, you will receive less cryptocurrency today than two years before;
- Volatility in the cryptocurrency market is very high. Therefore, the price of the mined cryptocurrency may fall. Of course, this is not a problem of cloud services specifically. It belongs to the fundamental risks inherent in cryptocurrency. But it can be properly maintained on your end.
Cloud Mining Is It Worth?
Is cloud mining worth it, and how profitable is it for a crypto investor? Based on the technical specs and advantages of cloud mining, it is obviously a good investment that a miner can do. First of all, it comes with minimal risks, requires minimal financial investment, and doesn’t force a miner to be on the business side. It is a completely passive income model that does not require your 24/7 participation
When it comes to the cloud mining profitability level, there are a number of factors that affect your ROI. The most obvious is the initial investment that you are going to make. The service charge covers the cost of electricity, hosting, and equipment. Further, the reputation and reliability of the company is a defining factor as well. You will not be able to make money if the five-year contract ceases to exist in two months after being signed. Finally, profitability depends on factors that no company can predict or control: think of the fluctuations in Bitcoin (EXANTE: Bitcoin) over the past three years.
To make the right choice of a cloud mining vendor and never miss a trick, you can browse the TopCloudMining site. Find unbiased and up-to-date information that will help you choose your perfect match cloud mining pool, know about all its key features/ programs and keep abreast with the slightest mining policy changes (if any).