Best Bitcoin Cloud Mining Contract Reviews and Comparisons • Overview - Table of Contents • • • • • • • • • • • What is Bitcoin Cloud Mining? Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres. Two operators, and, have been offering contracts for several years. Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues. Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres. Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble. What are Bitcoin Cloud Mining Advantages? • No excess heat to deal with • Quiet because of no constantly humming fans • No electricity costs • No bitcoin mining equipment to sell when bitcoin mining is no longer profitable • No ventilation problems with hot equipment • No preordered bitcoin mining hardware that may not be delivered on time by bitcoin mining equipment suppliers What are Bitcoin Cloud Mining Disadvantages? CoinMining is offering Bitcoin mining service in easy and most efficient way. The Bitcoin Forum. Is a company that sells Mining Rigs, Miners, Graphics Cards. BTCStorm Bitcoin and $ Cloud Mining Free 30 Ghs. • Unverifiable or otherwise shady Bitcoin cloud mining operations • No fun! If you like building your own Bitcoin hashing systems. • Lower profits – Bitcoin cloud mining services or mining company will have expenses • Bitcoin mining contracts may have the ability to cease operations or payouts in the contracts if the Bitcoin price is too low • Lack of possession of the Bitcoin mining hardware • Lack of ability to change the Bitcoin mining software Best Bitcoin Cloud Hashing Services Being listed in this section is NOT an endorsement of these services and is to serve merely as a Bitcoin cloud mining comparison. There have been a tremendous amount of Bitcoin cloud mining scams.: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are reasonably priced. Zcash mining contracts are also available.: Hashing24 has been involved with Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more. Minergate Review: Offers both pool and merged mining and cloud mining services for Bitcoin.: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200. Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out. NiceHash Review: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months. MineOnCloud Review: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s. Best Bitcoin Cloud Mining Contracts and Comparisons Bitcoin cloud mining contracts are usually sold for bitcoins on a per hash basis for a particular period of time and there are several factors that impact with the primary factor being the Bitcoin price. For example, Pay per GHash/s would be 0.0012 BTC / GHs for a 24 month contract. Contracts vary from hourly to multiple years. The major factor that is unknown to both parties is the Bitcoin network difficulty and it drastically determines the profitability of the bitcoin cloud hashing contracts. Bitcoin network difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for shares. The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks. There are all types of cloud mining options for other forms of blockchain technology. Best Litecoin Cloud Mining Services and Comparisons There are limited options for Litecoin cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to litecoin.: Hashflare offers scrypt mining contracts with a minimum purchase of 1 MH/s.: Genesis Mining offers Litecoin cloud mining contracts.: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more. Minergate Review: Offers both pool and merged mining and cloud mining services for Litecoin.: Eobot offers Litecoin cloud mining contracts with 0.0071 LTC monthly payouts. Best Dash Cloud Mining Services and Comparisons There are limited options for Dash cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to Dash.: Genesis Mining is the largest X11 cloud mining provider. Genesis Mining offers three Dash X11 cloud mining plans that are reasonably priced. Best Ether Cloud Mining Services and Comparisons There are limited options for Ether cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to ether.: Hashflare is a large Ether cloud mining provider with reasonably priced Ethereum cloud mining contracts.: Genesis Mining is the largest Ether cloud mining provider. Ethereum cloud mining contracts are reasonably priced.: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more.: Eobot offers Ethereum cloud mining contracts with 0.0060 ETH monthly payouts. This will show you how to mine Ethereum using Amazon cloud servers. Bitcoin Cloud Mining Scams There have been a tremendous amount of Bitcoin cloud mining scams like the possible $500,000 that was uncovered. Potential buyers should be extremely guarded and careful before purchasing any bitcoin mining contracts. Services to beware of: Scrypt.cc Review: Scrypt.cc allows purchase of KHS in a matter of seconds, start mining right away and even be able to trade your KHS in real time with prices based on supply and demand! All KHashes are safely stored and maintained in 2 secured data-centres. PB Mining Review: Claims to operate Bitcoin mining ASIC hardware. When customers buy a bitcoin mining contract then they will begin earning Bitcoins instantly. At Piggyback Mining, they cover the electricity costs and all Bitcoin mining pool fees. The Bitcoin mining contract is 100% insured because they want customers to succeed. Bitcoin Cloud Services (BCS) Review: Appears to have been a. Zeushash Review: Appears to have halted payouts. Bitminer.io Review: Based on they appear to have halted payouts. Cryptocurrency Cloud Mining Companies Hashflare Review: An Estonian cloud miner with SHA-256, Scrypt and Scrypt-N options and currently appears to be the best value. Genesis Mining Review: is the largest Bitcoin and scrypt cloud mining provider. Hashing 24 Review: Hashing24 has been involved with Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury deliver the maximum performance and efficiency possible. Minex Review: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more. Minergate Review: 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. Hashnest Review: Hashnest is operated by Bitmain, producer of the Antminer line of miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. Bitcoin Cloud Mining Review: Supposedly has been mining Bitcoin since mid-2013. All Bitcoin miners are located in a state-of-the-art data centre in Australia and they have direct access to high quality equipment and 24/7 support. NiceHash Review: NiceHash offers you to sell and buy hashing power. Selling hashing power is as simple as connecting your miner to our stratum mining pools while buyers can buy hashing power on demand, on pay-as-you-go basis. Claims to bring an innovative easy-to-use and risk-free cloud mining service. You can mine the vast majority of popular coins, based on SHA-256 (Bitcoin, etc.), Scrypt (Litecoin, Dogecoin, etc.), Scrypt-N (Vertcoin, etc.) and X11 (DarkCoin, etc.). Eobot Review: Claims to be the easiest, cheapest, and best cloud mining solution. Start with as little as $10 using PayPal and choose between any cryptocurrency including Bitcoin, Litecoin, Peercoin, Namecoin, Feathercoin, Dogecoin, NautilusCoin, and Vertcoin. MineOnCloud Review: MineOnCloud appears to have obselete hardware. It was launched on November 2013. They offer Bitcoin mining contracts for SHA256 using a very stable ASIC 28nm chip. They have two bitcoin mining contract options - a day pass and an annual contract. Customers can choose the Bitcoin mining pool and change every month for free with year contract. Scrypt.cc Review: Scrypt.cc allows purchase of KHS in a matter of seconds, start mining right away and even be able to trade your KHS in real time with prices based on supply and demand! All KHashes are safely stored and maintained in 2 secured data-centres. PB Mining Review: Claims to operate Bitcoin mining ASIC hardware. When customers buy a bitcoin mining contract then they will begin earning Bitcoins instantly. At Piggyback Mining, they cover the electricity costs and all Bitcoin mining pool fees. The Bitcoin mining contract is 100% insured because they want customers to succeed. Bitcoin Cloud Services (BCS) Review: Appears to have been a. Zeushash Review: Appears to have halted payouts. Bitminer.io Review: Based on they appear to have halted payouts. Other Languages Arabic - Burmese - Chinese (Cantonese) - Chinese (Mandarin) - Dutch - French - German - Georgian - Greek - Hindi - Indonesian - Italian - Japanese - Korean - Lao - Nordics - Norwegian - Polish - Portuguese - Russian - Spanish - Swedish - Pilipino - Thai - Turkish - Vietnamese. What is cloud mining? Bitcoin mining is the process through new bitcoins get created while the transactions on the blockchain are being verified by the miners. The mining machines are solving complex mathematical problems in order to decide the validity of a transaction which requires either GPU, CPU or ASIC hardware to run continuously. If somebody wants to join the cryptocurrency mining business but does not necessarily want to deal with the noise and heat the mining hardware can cause. If they want to forget all the maintenance involved with the mining rigs, cloud mining is the best opportunity to still enjoy the benefits of participating in mining. During the cloud mining activity, clients can purchase hashing power from a provider in exchange for certain daily or monthly fees. After the contract is started, the earnings from the mining – that is running on the mining rigs of the cloud mining provider – benefits directly the client’s account. About Cloud Mining Companies There are many cloud mining providers on the market who offer wide range of services. Prospective clients however must be very careful when choosing the right provider as there are several scammer working on the market whose only goal is to build a ponzi scheme or directly steal bitcoins. When looking for possible cloud mining providers it is advisable to always check their ‘About’ section on the website. This page can tell a lot about the company, especially if there is no information on the site. If somebody is trying to hide themselves from the public on a market where trust is one of the main principle of the industry, it should be a warning sign that the company might not be providing legitimate services. Many providers just list general mission statements and nothing specific about the background of the firm, such as owners, founders or executive officers. It also worth doing a quick search whether the cloud mining names are coming up on and forums as unsatisfied customers are usually very loud in terms of complaining. The mining facility is the heart of a cloud mining company. This is where they can buy the client’s trust or loose it forever. Due to security reasons, the cloud mining providers never disclose the exact location of the farms, to protect the equipment from damages and theft. However if the company doesn’t even provide the city where the mining rigs are located, that should be again a red flag, that the hardware, which should provide the cloud hashing power, doesn’t even exist. As proof, providers often post pictures of the facility, these images worth careful examination. The pictures can tell a lot about the environment of the farm, like whether the heating is adjusted regularly and the electricity supply is sufficient. They can also provide information on the overall scale of the cloud mining business as the more machines they have, the more hashing power they can sell over the cloud. If the rigs are not organized and cables are hanging everywhere, it is not certain the provider can guarantee 100% uptime. As when a mining rig goes wrong, it can take a lot of time to fix it, if the rig is not even reachable. Causion: The term cloud mining company is often abused by bitcoin high yield investment programs, which are nothing more than online scam sites. Those website interfaces trick peole into thinking they’d be serious investment companies, making their money basically with cloud mining or crypto trading. But that’s mostly not true as they use to be ponzi schemes which only live from user deposits and only as long as new users make new deposits, so the older users can get parts of those new deposits as their “return on investment”. Those Bitcoin HYIP sites mostly only last for a couple of weeks till they are again offline. Here is an running at the moment. So stay away from them – those are no real cloud mining firms. Services Provided by Cloud Mining Companies Cloud mining providers are usually specified for bitcoin mining under SHA256 algorithm. However there are some company on the market who offers services for other altcoins under scrypt and X11 algorithms as well. Depending whether the provider has it’s own pool, they can restrict the free selection of mining pools to their own pool only. This can significantly reduce the earnings from the mining activity if their pool is not profitable enough. The pool fees are around 1-2% and the payouts can be share based (PPS) or pay par last N share based (PPLNS). It also worth checking the security level of the platform, since significant amount on money can be stored on the website, in terms of the mined coins. Using CloudFlare to protect the site from DDoS attacks is the minimum. It is advisable to use two factor authentication whenever it is possible and try to reduce the amount of mined coins in the wallet on the platform. Have them stored rather in cold bitcoin wallets. The registration process gives a first impression about the security measures of the site. If no captcha is asked for and the email confirmation includes the password given are strong signs that the service provider probably doesn’t care much about safety and security. Beside cloud mining at some platforms users can also sign up for special features • offers cloud SETI program to run the PC power to find aliens in the space. • and are running automining option which means, the miners are automatically adjusted to always mine the most profitable altcoin available in order to maximize earnings. • At clients can buy and sell hashpowers. • At there is a possibility to buy old mining rigs for bargains. • and pays interest on bitcoin deposits. Fees and Pricing Schedule The pricing of the cloud mining contracts consist of two elements. One is the regular charge for the contract to obtain the cloud mining service. This fee can be one time fee or paid regularly. The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. Hashnest and Bitsrapid on the other hand opted to remove maintenance fees and they have built it intp the contract prices. The pricing range of cloud mining is very wide. The cheapest bitcoin cloud mining contract on the market costs 0.99 USD per GH/s. The average price of the contracts are around 5-15 USD per GH/s. Some provider offers better unit prices if more hashing power is purchased, others just price bigger contracts just like small ones. It is important to understand that the higher price does not necessarily mean better service, so prospective clients should always examine thoroughly the services of the providers as a whole, not just their prices. Also you should take a look into other options to get your crypto currency – you can just or you can User Experience Understanding the bitcoin mining process can be a difficult job due to the process’s technical nature. However the providers can ease the decision making of their prospective clients by offering detailed guides on their services. Many providers does not disclose the price of the contracts before registration on their landing page. In case users does not want to sign up right away, it worth checking the FAQ section and the Terms and Conditions pages to see whether it has information on the prices and fees. A transparent, easy to use platform can build trust and direct many future clients to the cloud mining providers. Overall Conclusion Participating in cloud mining is a great way to earn some side income as well as a fun way to obtain cryptocurrencies. Prospective clients however must pay attention to where they sign up to cloud mining services as there are many scammers and ponzi scheme available online. For those wanting to invest in hyip or ponzi schemes: Think twice if its worth the risk, all hyips / ponzis are scams where only the early adopters win and all others lose. If you enjoy the thrill, try a instead and test-drive your trading skills. How to decide for a cloud mining company? We gathered some cloud miners based on the most important criterias. • Low fraud risk:,,, • Low fees:, • Multiple algortithms are available:,,, • Referral program:,,.
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