20 best Bitcoin Cloud Mining sites in 2018

You thought about extrapolating Bitcoin or cryptocurrency for a while, but you're not sure about spending thousands of dollars on a mining rig or the huge amount of electricity that would be needed to extract. The costs of electricity vary from country to country, from region to region. Now, thinking about it, it might not be a very profitable venture because of these high start-up costs. This is where cloud mining comes into play. This article will delve into the details on the best mining cloud sites, the best cloud mining services.

The nuts and bolts of the mines

Where does cryptocurrency come from? While paper money is printed and distributed by the government, Bitcoin and altcoin are generated in a different way. Miners use special equipment and software to solve mathematical problems and approve transactions – in other words, they support Blockchain's error-free operation by providing computing power. Thus, the currency is issued by miners for incentives.

During the mining process, a hash of a transaction block is created: impossible to forge, which protects the integrity of the blockchain and eliminates the need for a centralized system. Normally, mining is performed on a personal computer with a fast and powerful CPU. However, considering the complexity of the calculations, a PC is not already enough: a mining plant can provide the optimal computing power.

Why is low-speed mining not an option? Here we face the problem of competition: for example, several miners are generating a block of transactions. The prize will be sent only to the miner who generated it first. Therefore, a powerful equipment is essential to keep up with competitors and get benefits.

Hardware vs cloud mining

The main difference between traditional and cloud mining is those who belong to the mining facilities. The mining hardware presupposes the purchase of all the components of a mining drilling rig, the installation at your home and the payment of electricity bills on your own account. With cloud mining, you just need to find a suitable package and agree with the supplier. The company that provides its data mining cloud servers charges a certain cost (typically around 3% from premium + withdrawal fees).

Let's look at the pros and cons of each solution:

	Professionals	Versus
Hardware mining	– The hardware belongs to you, you are free to configure and adjust it – Traditional mining is the only way to develop your IT skills and become more tech savvy	– Hardware is expensive, while smaller investments are not always repaid – The hardware is active 24 hours a day, 7 days a week, which translates into extremely expensive electricity bills and a lot of heat
Cloud mining	– Absence or low maintenance costs – It is not necessary to wait for the hardware to be available – the extraction starts as soon as the service is purchased – No fluctuation of the hash rate – No maintenance, no physical space is required – daily payments	– The initial cost compared to the purchase of your hardware can still be quite high, even if it is repaid – Some mining companies are scams – You do not get educated with the mines and you do not feel such excitement as the usual miners do

Benefits of the best Bitcoin cloud mining

• You have no electricity costs, plus use your computer to go to the cloud mining site. Cavet: you could have an electricity tax from the cloud mining company. Many companies have data centers in Georgia or Iceland where electricity is cheap.

• You can participate in the best Bitcoin cloud mining without keeping the hardware alone.

• No investment in necessary mining equipment, your personal computer will get you started in most cases.

• No ventilation problems with hot equipment – Some hardcore miners use the heat of their extraction platforms to heat their homes during the winter! Yes, the mining platforms become so hot.

• Begin the extraction with even just one gigahash.

More on this topic: math teacher solves the cryptocurrency mining energy crisis

The basics of Mining

To start with cloud mining, you need to enter a mining contract. This contract will specify the hash rate and the time period. A higher hashrate will lead to extracting more coins and consuming electricity. You can expect to pay around $ 170 for a 1000GH / s hash rate. The duration of a cloud mining contract can range from six to 36 months or more. Be sure to check and understand these rates offered by the cloud mining company. When it comes to making money with cloud mining, the return on investment will be determined by a number of factors:

• Bitcoin price

• Exchange rate of Bitcoins in local fiat currency

• electricity

• Contract price from cloud mining company (you need to pay to play!)

• Any maintenance costs set by the mining company

Cloud mining categories

• Hosted Mining: Leasing a machine provided by the cloud mining provider. You will have physical equipment.

• Virtual Hosted Mining: your virtual private server with the installed mining software.

• Leasing hashing power: Rent a portion of the hashing power of the company, without the need for a physical or virtual machine. (This is the most popular method of cloud mining).

Avoid scams

The sphere of cryptocurrency is full of scammers. Almost every day, the headlines inflame the latest ICO fraud, in which a scammer used an ICO as a front to raise money for a forged company and then take off with all the money. The case is no different for data mining, data mining and cloud-based mining. If you have to pay money, pay attention to where you are going before investing. Following are some tips to avoid being scammed.

It is important to see the machines on which mining will be performed. You would not buy a car without seeing it first, right? The same is true for cloud mining. If a company performs a legitimate mining cloud activity, it is necessary that photos of its datacenter be available for viewing. Otherwise, suspicions may arise.

A mining company that has no address or signed extracted block could be the warning sign of a front. Usually, companies can be verified by their address on the Blockchain. In addition, the company should sign the blocks that it has extracted to confirm ownership.

"How much do you want for a low price." Really? No. Any mining activity will be limited by how many hashes it is able to rent to its customers. If a company claims that there is no limit to its hashing power, or does not provide this information, then the business should be avoided.

If you can get the money, but you can not get it out, then it's very likely that it's a scam.

Normal companies do everything to prove they are reliable. Contact information should be readily available and provided without hesitation if requested. Registration of the private domain is a scam indicator. Warning!

By observing the negative aspects, it is important to conduct your due diligence when it comes to cloud mining. Remember to read the contracts carefully to understand what you are preparing for. If you do not understand something or the legal word is too complicated, there's a good chance that something suspicious is trying to be hidden.

However, this not to say that every company in the mining space is illegitimate. Even if the cloud hash business is full of scams, there are some reliable companies out there, and they could give you a profit under the right conditions. Now on investment and profits, is cloud mining worth the risks?

More information on this topic: 10 best bitcoin extraction software 2018

5 known Cloud Mining scams

Beware of the websites below! They stopped making money and lost credibility.

Fleex

This project was set up in July 2017. It allowed to extract Bitcoin, Dogecoin and Litecoin by offering daily income of 2-3%. Fleex offered a registration gift of 100 Gh / s and a two-level partnership program. There was no picking and deposit fee and the opportunity to rent the computing power for an unlimited period of time. Unfortunately, the website was closed in August 2018.

Rapidminers

This project promised a daily income of 3-7% and welcomed the new arrivals with a bonus of 100 GH / s. It allowed the extraction for BTC, LTC, DOGE and – surprise – USD! Rapidminers have exploited a system of levels: the more you pay, the more you earn. The pattern seems to be crystal clear, however, Rapidminers soon proved to be nothing but a scam. The website has been profitable for less than a month.

Cryptomonitor

It is worth noting that Cryptomonitor has been present for a relatively long period – it worked almost 1000 days before it was closed. He specialized in BTC mining and accepted BTC and USD. The website has also provided an exchange platform, blogs and reference programs. Cryptomonitor promised a daily income of 0.1% to 2.0%, and was profitable until July 2018.

Micro-BTC

At its launch in 2015, Micro-BTC offered a lifetime processing power of 30 GH / s for newly registered users. He accepted BTC payments and did not charge any deposit and withdrawal. The website has provided data centers in Europe and the United States. Since October 2017, it has ceased to make payments.

HashPerium

The project was launched in March 2018 for the extraction of Bitcoin and provided 3 data centers in Iceland, Russia and China. HashPerium offered a bonus of 135Gh / s and a daily profit of up to 11%, which is too generous for a reliable project. Another sign of a scam is the fact that there is no information on who is responsible for HashPerium. Cryptographic experts also said that it was just another Ponzi scheme and they were right. In fact, the project existed only for two weeks!

Is it worth investing?

While many remember the dawning of Bitcoin extraction, when you could use your desktop or laptop to extract it and the rewards were much higher, the fact is that it is still a risk. This is because it is necessary to make an initial investment to enter a cloud mining service and pay the overhead costs, which consume profits. The greater the hashing power, the more bitcoins you can extract, but again it has higher costs. In other words, it is spending money to make money.

More information on this topic: 5 ways to earn passive income with cryptocurrency

Another factor to keep in mind is price volatility. This is similar to gambling, because if the price of Bitcoin or another cryptocurrency decreases, you lose more than your profit due to price volatility. On the other side of the digital currency, there is the possibility that the price will increase and you will maximize your earnings. On the contrary, regardless of all data mining options, the simplest investment is to buy a currency from a stock exchange and keep it until you can sell it for the target price. In this way, contracts, tariffs and anything that complicates the path towards a cryptocurrency profit are avoided.

The 20 best Cloud Mining services

Take some time to explore these sites to determine the best cloud mining ROI, the best Cloud Litecoin, the best mining cloud in Ethereum, how much plans are, commissions etc. Before committing yourself. Some contracts can last up to two years! So you'll want to be sure that you're committed to the right plan to get the best earning potential.

1. Hashflare

Having been established in 2015, the Hashflare service has rapidly gained a stable position in the cryptocurrency mines market. Provides computing power for BTC, ETH, LTC and other essential altcoins. Hashflare is an independent service that has extended its mining facilities thanks to a partnership with Bitmain, Bitfury and Inno3d. The Hashflare service is easy to use for beginners, which is why it is used by over 2.5 million clients. In July 2018, Hashflare canceled the contracts and ceased its business as it could not bear the maintenance costs. However, there is still a possibility that it can be restored.

2. Genesis Mining

It is one of the largest cloud mining services that has started providing facilities since 2014. Genesis Mining works with Bitcoin, Litecoin, Dash, Dogecoin and Monero. It operates three mining centers (Island, Canada and Bosnia) and is used by 2 million miners.

3. Hashing24

This Bitcoin extraction service has been active since 2015. Hashing24 offers first-order data centers in Georgia and Iceland. The website is simple and intuitive, the interface is present in 9 languages. The company works with leading mining service providers, including BitFury, and guarantees a decent level of service and customer support. Price policy is quite pleasant: the cost of contracts ranges from $ 19 to $ 68 per 100 Tb / s.

4. Bit Miner

This is not a website that provides Bitcoin cloud mining services: Bit Miner is quite a browser extension that promises to bring you 60,000 satoshi every day with a daily investment of $ 0.04. At first glance, the website looks professional and serious. However, the overwhelming majority of customer reviews show that Bit Miner is just a scam: as soon as you start withdrawing more or less worthy money, the service fails. It can be used for mine only for a few days. Also, keeping the browser open even half a day is inconvenient.

5. OxBtc

At first glance, this cloud mining service may seem confusing because it's a Chinese site (it's also an English version). OxBTC is a reliable platform that offers not only cloud mining contracts but allows users to hire their computing power. OxBtc has a rather sweet concept of loyalty programs, referral programs, discounts and free calculation gifts. A good choice for beginners.

More information on this topic: the profitability of Bitcoin Cloud Mining: is it worth it?

6. The EOBot

This is one of the oldest cryptocurrency cloud mining platforms: it was launched in 2013 and is still among the leading cloud mining websites. EObot allows you to extract a wide variety of cryptographic coins, including Bitcoin, Ethereum, Monero, Ripple and Litecoin. Users consider Cloud SHA-256 4.0 5 Year Rental the most profitable option. What makes it a good choice?

• The website is present in many languages, browsing is child's play.

• 8 mining algorithms and a complete choice of packages.

• Minimum minimum withdrawal threshold.

7. BTCsweet

BTCsweet is one of the top 10 cloud mining sites according to netbusinessrating.com. It supports different payment methods and allows only Bitcoin extraction. New users get the 5GH / s registration bonus, and there is a profitable referral program (5-10%). The website has a simple design, but it is quite user-friendly and convenient. However, customer service leaves a lot to be desired: only tickets and phone calls for VIP members. The absence of maintenance costs is a bit confusing – it's a trick of fraudsters, even if BTCsweet does not seem to be a fraud yet.

8. Hash earnings

At first glance, the website looks professional and reliable. There is a wide choice of tariffs: the more you invest, the higher the percentage of revenue. It was founded in 2016 and quickly conquered the public. Hash Gains uses advanced and reliable GPUs that support the optimal speed and reliability of cloud mining. Hash Gains seems to be a reliable project to give a closer look at its details: it offers a profitability of 200%, which is not realistic.

9. Plan – C

This is a Georgian project: the team behind it uses environmentally friendly mining facilities that maintain optimal speed and power. At the moment, Plan-C can be used to extract Ethereum, Dash and Bitcoin, but soon other coins will be added. The website offers an income of 1.5% to 10%, which seems reasonable. Please note that Plan – C has leveraged the so – called "Cryptomix" scheme – it is a combination of data mining and trading. It has a consolidated affiliation program, but it only questions the duration of the project.

10. JSECOIN

JSEcoin is a browser plugin for extracting JSE proprietary coins. The software is easy to use: it is installed in the browser and as soon as the user selects the upload level (from 1 to 9) and activates it, the mining process is started. The extraction process can be controlled. The coins you earn can be stored on the website or sent to your Ethereum-compatible wallet. The main advantage of JSEcoin is the fact that no investment is required (unless you bought some coins during ICO), but do not expect any serious reward: at the moment, 1 JSE = $ 0.001707.

11. NanoMiner

NanoMiner can be a somewhat confused name because it actually allows you to extract Monero that can be converted into Nano later. This site does not charge transactions, so it's perfect for managing small payments. The service is very easy to use: it is a browser mining solution: it is installed in the browser and starts and starts. For some users, small payments may not be worth opening the browser, but this option is good enough for beginners.

12. MyCoinCloud

This project in Bulgaria has been active for almost 3 years. Although MyCoinCloud can not boast a large variety of coins for mining (only five coins are supported), it proves reliable and reliable. There is a great variety of contracts: you can start getting wet with an XMR 37.1 mining contract and get a normal profit within 3 years, while the $ 2995 Bitcoin contract will be repaid within 2 years. The contracts are those for life. Maintenance cost is $ 0.10 per KW / h, no reference system provided. In general, the website is easy to use and offers adequate rates.

13. Bitcointrain

The Bitcointrain website offers many cryptographic services and cloud mining is just one of them. The minimum contract term is 1 year and you can start with any deposit amount, even a pair of Satoshi. Average profitability is 0.5% per day. Bitcointrain promises you can use the equipment for as long as you want – it sounds too good to be true, but nobody has complained. There is an interesting affiliate program that allows you to earn 50% from the tap, 5% from the purchase of a cloud contract and 0.5% from browser mining.

14. Hashnest

Present in the network since 2014, Hashnest (the BitMain project) allows to extract Bitcoin and Litecoin and to order a miner transferred in hash rate (Antminer models are available). It is one of the largest cloud mining platforms: in 2015, Hashnest already had over 43,000 users. The most notable feature of Hashnest is the contracted payment mining cloud contract (PACMiC): this approach reduces risks and helps users return the initial investments in the event of non-profitability.

15. Elysium

The company was founded in 2016 in Hong Kong and offers a decent choice of contracts starting from an initial package of 0.03 BTC and a finishing of 5 BTC VIP packages. It should be noted that Elysium places a strong emphasis on the reference program, which is why some suspect it is a Ponzi scheme. In any case, the platform allows you to make regular payments using various payment platforms and is quite easy to use. There are no withdrawal or exchange limits.

16. IQMining

This is a Russian project launched in 2016. The main advantage of IQMining is the fact that it allows you to dig over 100-150 different altcoins, and there are a myriad of contracts available (most are 5-year contracts, they are life contracts have been introduced recently). This profitability of 50% / month is too good to be true, but the website still works and makes payments fair. It has data centers in Europe and Asia and guarantees 99.5% uptime. If you are a patient investor, trying this project makes sense.

17. CCG Mining

The website was set up in 2017 and allows you to extract six major cryptocurrencies: Bitcoin, Ethereum, ZCash, Monero, Litecoin and Bitcoin Cash. CCG Mining offers three rates: there is a lot to choose from. The maintenance cost is $ 0.00034 for 1 GH / s for the Mini package, $ 0.136 for the Starter and $ 8.5 for the Pro. There is a profit calculator available, but it's a little bit expensive. illogical: shows a payment period of 247 days for all rates, and does not consider the maintenance fee. Therefore, you should do your homework before signing a contract with CCG Mining: it is not a scam, but it can still represent an unjustified investment.

18. Just-Mining

Mining website number 3 according to netbusinessrating.com, Just-Mining supports cloud mining of 4 coins: BTC, ETH, ETC and ZEC. The overwhelming majority of reviews are positive and users state that payments are made on a regular basis. Unfortunately, the website is only available in French, so browsing can be quite challenging. But if you're ready to face this inconvenience, this is a great opportunity to increase a bit of cryptocurrency, or EURO – as you prefer.

19. Suanlitou

Suanlitous is a Chinese project founded in 2017. It offers Bitcoin cloud mining and hash rate market. What users appreciate are the appropriate tariffs: 0.071 USD / kWh of electricity and 6% of daily income. There are two types of contracts available, but they can be changed: the online price calculator will help you choose an optimal hash rate and the duration of the contract. Just like other Chinese cloud mining websites, Suanlitou uses Antminer devices (S9 in this case). Users are free to sell their hash tariff to BTC at any time. There are no signs of scam – use without hesitation.

20. ViaBTC

The world is witnessing a true explosion of Chinese cloud mining platforms and ViaBTC is one of them. Being based in 2016, it allows you to extract BTC, BCH and LTC. Just like the previous provider, ViaBTC works with S9 Antminer and offers unlimited contracts. The cost of services is $ 199 – 1 TH / s for Bitcoin and $ 5.90 – 1 MH / s for Litecoin. An interesting feature is the automatic switching option: you can switch from Bitcoin mining to Bitcoin money depending on what is most profitable. Payments are made on a daily basis. The website is available in several languages, so you are not likely to have to deal with problems while browsing.

	Established	Headquarters	currencies	Cost of the contract	number of users	Traffic * (last 6 months)	countries *
Hashflare	2015	Estonia	BTC, LTC, ETH, Dash, ZCash	Bitcoin: $ 0.8 for 10 GH / s Liteсoin: $ 1.8 for 1 MH / s Ethereum – $ 1.8 for 100 KH / s Zcash – $ 1.4 for 1 H / s DASH – $ 3.2 for 1 MH / s	2.5 mln	?	Russia, Ukraine, Brazil, United States, Germany
Genesis Mining	2010	Hong Kong	Bitcoin, Litecoin, Dash, Dogecoin, Monero	Five-year contracts: $ 285 – 1 TH / s $ 1,400 – 5 TH / s $ 6.875 – 25 TH / s	2 mln	?	USA, China, Russia, EU
Hashing 24	2015	Scotland, Thailand and Ukraine	Bitcoin	$ 68.5 per 100 Gh / s + $ 0,00033 of daily maintenance costs	?	352.98K	USA, United Kingdom, Russia, Spain, China, Thailand, Indonesia
Bit Miner	2016	United States of America	Bitcoin	Reward fee of 15%	?	?	Europe, China, United States, Iran
OXBTC	2014	China	Ethereum	ETH HOST01 (91% annual gain) – $ 16 for 1 MH / s GHS HOST01 (177% annual profit) – $ 0.099 for 1 GH / s.	Over 80,000	90.57K	USA, Germany, China, South Korea, Russia, Austria, Indonesia
L & # 39; EObot	2013	United States, Brazil	BTC, ETH, LTC, Bitcoin Cash, Doge, Ripple, Dash, Golem, Cardan, CureCoin, NEM, Monero, Zcash, Factom, Bytecoin, STEEM, Lisk, EOS, Gridcoin and Ethereum Classic	From $ 0.00117 / GHS / day to $ 0.00021 / GHS / day	Over 2.148.047	10.18M	Brazil, Russia, Ukraine, Venezuela, India
BTCsweet	2017	United States of America	Bitcoin	$ 0.18 for 1 GH / s 0% maintenance costs	?	157K	Morocco, Algeria, Nigeria, Saudi Arabia, Indonesia.
Hash earnings	2016	United States of America	Bitcoin	$ 350 – 1 TH / s $ 1,750 – 5 TH / s $ 3,500 – 10 TH / s $ 5.250 – 15 TH / s	10,000	70.80K 20:32%	USA, Germany, Turkey, Indonesia, India
Plan – C	2017	Georgia	Bitcoin, Ethereum, Dash	Bronze Package ($ 250): one action Silver package ($ 1000) – five parts Gold package ($ 5000)	?	?	Georgia
JSECoin	2017	UK	JSE	No contract	118,000	650.91K	Brazil, United States, Ukraine, Russia, Germany
NanoMiner	2017	Germany	Monero	No contract	?	43.5K	Brazil, USA
MyCoinCloud	2015	Bulgaria	BTC, ETC, ETH, XMR, ZEC	Starting from S37.1 for 50 H / s (XMR) and finishing from $ 5990 for 30 TH / s (BTC)	Over 1,000	50.92K	Bulgaria, Germany, Switzerland, Italy, Poland
Bitcointrain	2017	Germany	BTC	$ 20 for 10 sol / s	?	68.63K	Germany, Ukraine, Russia, Brazil, Indonesia
Hashnest	2014	China	BTC, LTC	$ 1699 for Antminer hashish rate with maintenance fee $ 0.21 / TH / day	?	224.05K	Brazil, Russia, Poland, Slovenia, United States
Champs Elysees	2016	Hong Kong	BTC	From 0.03 BTC to 5 BTC (annual contracts)	106470	72.01K	Russia, Ukraine, Kazakhstan, Canada, Turkey
IQ Mining	2016	Scotland / Russia	> 150 coins	SHA-256: $ 300 for 3000 GH / s scrypt: $ 600 for 300 MH / s	53326	302.64K	Russia, Brazil, Ukraine, United Kingdom, United States
CCG Mining	2017	Poland / United Kingdom	Cash, Bitcoin, Ethereum, ZCash, Monero, Litecoin and Bitcoin	Mini – 9.89 $ / 100 GH / s, Starter – $ 32.99 / 400 GH / s Pro – 1849.99 $ / 25000 GH / s	Up to 10,000	378.61K	Ukraine, Russia, Armenia, Moldova, Georgia
Just-Mining	2017	France	BTC, ETH, ETC, ZEC	1.99EUR including VAT / H / s Reversive: 23.90EUR TTC for 9.5 H / s or 1 MH / s Etherum: 14.99EUR TTC for 1 MH / s	16,000	83.07K	France, Belgium, Vietnam, United States
Suanlitou	2017	China	BTC	6% management fee and electricity cost 0.071 USD / kW · h	Over 2,000	?	China, United States, Canada
ViaBTC	2016	China	BTC, BCH, LTC	$ 199 – 1 TH / s S9 bitcoin share $ 5.90 – 1 MH / s L3 + litecoin minibus sharing	Over 462,374 miners only on BTC (up to 750,000 in total)	575.35K	Russia, China, Germany, Venezuela, Vietnam

* data obtained from similarweb.com

These 20 cloud mining services deserve consideration: they make regular payments and provide decent support to customers. But before being harnessed by contractual obligations, evaluate the budget, read the fine print and calculate profitability – not all projects are equally beneficial.