In this segment, we are going to discuss five of the different Bitcoin cloud mining sites that are currently very much in the buzz from around the globe. Now before we go directly into the topic let us first check out with the basics of cloud mining and the different categories of cloud mining in short.
Cloud mining is one of the most in fashion trend in the cryptocurrency market today. More and more miners are today engaging themselves in cloud mining and getting rewarded handsomely. Now to start to with the basic, one need to first get into a mining contract which will specify the length of time and the hash rate involved in the process.
The more coins you can mine the higher hashrate you will gain which will also lead to more consumption of electricity.
Now before you proceed with the process you must check with the rates that you will be provided concentrating on few factors like cryptocurrency price, exchange rate, contract price along with electricity consumption and maintenance fee set by the mining company (if any) and obviously the time consumption which is a big factor.
There are different categories of cloud mining that you can avail. The categories include:
- Hosted Mining-This include the machine that is provided by the cloud mining company in lease along with your own arrangement of physical equipment in relation to mining.
- Virtual hosted mining-This comprises of your personal virtual private server with all the software installed for mining purposes.
- Leased hashing power-This is the most popular of all in which you take a lease of a small portion of the company’s hashing power. This eradicates the need for the virtual or physical machine from your side.
Now we look at five of the best Bitcoin cloud mining sites that have been so popular recently in brief.
Genesis has been into the limelight due to the different facilities it provides to the cryptocurrency miners from around the world. It is one of the very few cloud mining sites that cover a vast number of cryptocurrency for mining purposes which includes Ethereum, Dash, Monero, Zcash, and other variants along with Bitcoin as one of the most primary cryptocurrency added in the list.
The site offers three different schemes or packages for the miners which are different from each other. For security reasons, the mining farms are spread in different locations with different plans to choose from. The site also offers an AutoTrader option.
This is another well-known and trusted place to start with your Bitcoin mining. The site has different advantageous features which include immediate payouts for those who purchase hashpower from Bitcoin. Established in the year 2014 in Tallinn, this site does provide miners with an unlimited period of contract length.
The site does offer the miners to mine in BTC, DASH and ETH. Here the company allows payment via VISA, Master Card, Payeer, Bitcoin and other means. According to the data obtained from different sources, the Bitcoin maintenance fee that the company charges from the miners is $0.0035 for 10 GH/s of hashpower.
Bitminer is another well-known name in the field of cloud mining business. The company does offer both the free account and premium account for its users to use which varies in terms of mining capabilities and fee structure. This mining portal has a nice user interface which allows a simple yet effective approach for your mining process.
Here you do not require any Bitcoin mining machine or mining software for mining Bitcoin. The company of Bitminer offers four different options to do mining for its users. On a whole, this cloud mining portal offers reasonable ROI and if you are looking to start Bitcoin cloud mining then you can have a look at this site.
Fleex is another trusted and well-known cloud mining site that has gained popularity over the years with a good number of miners engaged with. Getting a sign up with this portal is quite easy for the miners. Here the Profit rate is around 1.97% – 2.95% per day for the miners. You can make a minimum deposit of USD 1, LTC 0.1, BTC 0.001 and DOGE 1000 and withdrawal to a minimum of USD 1, LTC 0.1, BTC 0.001 and DOGE 1000.
The portal allows you to use Perfect Money, Payeer, Bitcoin, Dogecoin, DASH, and Litecoin as a means of payment method and you can choose one of them according to your convenience. They do have the option of referral. The portal has managed to gain a good reputation for itself from miners around the globe.
Hashing24 is one of the well-known and trusted cloud mining contract providers with a good amount of miners associated with its portal. It helps the users to do Bitcoin mining from its site. The company is into business since the year of 2012 and since its inception, it deals in different altcoins and allows you to pay for new hashpower along with auctioned hashpower as well.
There are different options of payment and payment through Bitcoin is one of the best possible and popular means of payment here. The company is to offer a lifetime contract in the coming days. If you are looking for cloud mining then this is one of the best places for you to start.
Benefits of best cloud Bitcoin mining
- You do not need to pay for your electricity cost. Many of the cloud mining sites pay the fee for your used electricity as well. Companies do have their own source to help you in this regards.
- You can always take active participation in mining without having your own hardware resources.
- All you need to start with the mining business is just only your personal computer with few pre-requirements only.
- During winter, mining rigs are enough to keep your home heated.
- A single Gigahash is enough for a miner to start mining.