What is mining?
Cloud Mining is a process in which you take part in a mining pool and purchase a certain amount of “Hash Power”. An equal proportion of profit is distributed among all the participants who take part in the mining pool on the basis of allocated hash power. It allows you to mine cryptocurrency without installing any hardware. There are many companies that do this hard work for you and participate in cloud mining for you at a very basic cost. if you are looking to earn free cryptocurrency or bitcoin here is our perfect guide for best bitcoin faucets.
Best cloud mining sites
To start cloud mining, there are various top legit cloud mining sites that ensure the best security for your assets and provide a comprehensive list of features. The following are the best and top-rated Bitcoin cloud mining websites in the market.
ECOS Mining
ECOS is more than cloud mining. It is the first cryptocurrency investment platform with all digital asset products and tools in one ecosystem. ECOS is a company you may trust as it is one of the first cloud mining providers operating with legal status. Considered one of the top cloud mining providers, ECOS offers its clients cloud mining services for only one digital currency: Bitcoin, the world’s largest cryptocurrency in terms of market capitalization. Currently, the company is offering its services to over 90,000 users from across the entire world.
The company offers a wide variety of mining contracts to users. The minimum price for a mining contract is $149. This contract remains active for a period of twelve to fifty months. Additionally, there are different options available for you that you can use for deposits or withdrawals. These include Credit Cards and cryptocurrencies such as BTC, ETH, XRP, and LTC. There are a lot of advantages that you can get while mining with ECOS. One of the advantages of mining with ECOS is that new users will get a one-month free promo contract. Other advantages include daily payments, clear transactions history, modern equipment, and a wide range of contracts.
BeMine
Established in early 2018, BeMine provides its services in Russia and CIS countries. They were pioneers of cloud sharing of ASIC-miners, making the opposite thing compare to selling mining contracts. BeMine operates more than ~70,000Th/s placed in Irkutsk, Moscow, and Chelyabinsk region, in Siberia, even in Almaty, Kazakhstan and they keep scaling. BeMine unites Russian data-centers, as well as miners and individuals who want to participate in cryptocurrency around the world. Miners are invited to store their equipment in partnered data-centers, while users can purchase and store mining equipment, without the need for personal presence during the purchase, transportation, installation, configuration, and maintenance of ASIC.
If you don’t want to purchase the whole ASIC-miner, you can also try with its shares. BeMine can sell up to 1/100 share of exact ASIC for a reasonable price, which may become a very useful way to start a coin mining experience without the necessity of purchasing a whole expensive machine itself. But if you have the whole one, you can also purchase door-to-door delivery of ASIC.
Genesis Mining
Genesis mining is one of the largest cloud mining company that offers bitcoin mining projects. Founded in 2013, the company held its reputation in the market by providing smart and easy investment solutions. The company has over 2 million customers from around the world. When it comes to hash power, genesis mining is the largest hash power provider for altcoins and bitcoin. The platform offers mining in both bitcoin and altcoins. You can mine different coins at the same time using the hash power that you owned.
For instance, you can use different cryptos to diversify the risk of your investments. The company takes care of the miners and maintenance to get rid of the hassle. Genesis Mining provides numerous pricing packages based on your hash power and the type of coin that you are interested in mining. In comparison to other cloud mining platforms, they are a bit expensive but they provide excellent experience and support.
CryptoTab Browser Mining
This is a unique concept to mine cryptocurrency while browsing. It has mining features built-in. CrytoTab Browser promises automatic algorithm switching to boost profits. Similarly, it also assures of no overheating or battery drain while browsing with its in-house browser. It converts all the rewards in Bitcoin. The minimum payout listed is 0.00001 BTC. You can earn by your mining hardware as well as receive commission for referrals. This browser is available for Windows, Mac, Android, and iOS. This is recommended for non-tech users who wish to have a minimum taste of cryptocurrency mining.
NiceHash Mining
NiceHash is a Bitcoin cloud mining website that brings together different cryptocurrency services including the world's biggest hash power marketplace and CPU/GPU hardware mining under the provider's software. Bitcoin farm owners can find in the NiceHash platform a free operating system that can be used for an unlimited number of mining rigs. The NiceHash OS is currently available for Windows, macOS, and Linux. Cloud miners can also download an official NiceHash app from App Store and Google Play. The mining company was created in 2014 in Slovenia. In 2022, NiceHash unites millions of crypto miners from 190 countries. The company's offices are located in The British Virgin Islands and Slovenia. The team aimed to create the biggest open hash rate marketplace where any individual can buy and sell hash power as well as earn Bitcoins. The marketplace is a core of the company's business. That's why many investors claim NiceHash is not only one of the best Bitcoin mining sites but also a leading global provider for hash rate on demand. The company created the original algorithm that is already used by over 500 thousand Bitcoin enthusiasts.
Currently, the provider doesn't offer traditional cloud mining services to its customers. Instead, NiceHash enables Bitcoin enthusiasts to purchase particular amounts of hash rate from other users. The scheme is pretty clear. There are no cloud mining contracts here. You can cancel using it at any time and get invested funds back without any cancellation fees. The minimum amount you can invest in hash power on the NiceHash marketplace is currently 0.001 BTC for every mining algorithm. Users always can be sure they pay for working and valid crypto rigs. The company provides detailed real-time statistics that help users easily follow their orders and performances. In other words, the provider connects sellers and buyers of hash power. To start buying hash rate on the NiceHash platform, select a cryptocurrency you want to mine first. Then, choose a suitable pool, and set the price per GH/s that you are willing to pay. After placing the order, it will be forwarded to other NiceHash users who have mining hardware. You can also choose mining algorithms from an extensive list that includes SHA-256, Scrypt, X11, X13, Keccak, NeoScrypt, and many more. You can always check the current pricing and a list of available pools on the provider's website.