What is your opinion on cloud mining

The Best Bitcoin Cloud Mining Contracts Reviews and Comparisons

What is Bitcoin Cloud Mining?

Cloud mining, or cloud hashing, enables users to purchase mining skills from hardware in data centers.

Two providers, Hashflare and Genesis Mining, have been offering contracts for several years.

With Bitcoin Cloud Mining, people can earn Bitcoins without Bitcoin mining hardware, Bitcoin mining software, electricity, bandwidth or other offline problems.

Bitcoin cloud mining, sometimes referred to as cloud hashing, enables users to purchase the result of the bitcoin mining performance from bitcoin mining hardware in remote data centers.

Then all bitcoin mining takes place remotely in the cloud. As a result, the owners do not have to deal with the problems that often arise when mining bitcoins, such as electricity, hosting problems, heat, installation or maintenance problems.

What are the benefits of Bitcoin cloud mining?

  • No excess heat that has to be dissipated
  • Quiet, as the fans don't constantly hum
  • No electricity costs
  • No bitcoin mining equipment to sell when bitcoin mining is no longer profitable
  • No ventilation problems with hot equipment
  • No pre-ordered bitcoin mining hardware that bitcoin mining equipment suppliers may not deliver on time
  • What are the disadvantages of Bitcoin cloud mining?

    • SCAM!!!
    • Unverifiable or shady cloud mining providers
    • No fun! If you enjoy building your own bitcoin hashing systems.
    • Less profit - Bitcoin cloud mining services or operators have a cost
    • Bitcoin mining contracts may have a clause that allows operations or payments to be suspended if the bitcoin price is too low
    • No ownership of the Bitcoin mining hardware
    • No way to change bitcoin mining software

    The best bitcoin cloud hashing services

    The mention in this section does not mean the approval of these services and only pursues the purpose of comparing Bitcoin Cloud Mining. There have been an enormous number of scams in Bitcoin cloud mining.

    Hashflare rating: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts still take place in BTC. Customers must buy at least 10 GH / s.

    Genesis Mining Review: Genesis Mining is the largest Bitcoin and Scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are inexpensive. Zcash mining contracts are also available.

    Hashing 24 rating: Hashing24 has been involved in Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury that deliver the maximum possible performance and efficiency.

    Minex rating: Minex is an innovative aggregator of blockchain projects offered in the format of an economic simulation. Users purchase cloud packs which can then be used to index pre-selected sets of cloud mining farms, lotteries, casinos, real world markets, and more.

    Minergate review: Offers pool, merged mining and cloud mining services for Bitcoin.

    Hashnest rating: Hashnest is operated by Bitmain, the manufacturer of the Antminer range of Bitcoin miners. HashNest currently rents more than 600 Antminer S7s. You can check current prices and availability on Hashnest's website. At the time of writing, the hash rate of an Antminer S7 could be rented for $ 1200.

    Bitcoin cloud mining review: At the moment all Bitcoin cloud mining contracts are sold out.

    NiceHash review: NiceHash is unique in that it uses an order book to match mining contract customers and sellers. Visit the website for current prices.

    Eobot rating: Start Bitcoin Cloud Mining from just $ 10. Eobot claims that customers will be profitable within 14 months.

    MineOnCloud rating: MineOnCloud currently rents approximately 35 TH / s of mining equipment in the cloud. The available miners include the AntMiner S4s and S5s.

    The best Bitcoin cloud mining contracts and comparisons

    Bitcoin cloud mining contracts are usually sold for bitcoins on a per-hash basis for a period of time and there are some factors that affect the profitability of bitcoin cloud mining contracts.

    For example, pay per GHash / s would be 0.0012 BTC / GHs for a 24-month contract.

    Contracts vary from hourly to multi-year. The main factor unknown to both parties is the difficulty of the Bitcoin network and this drastically determines the profitability of Bitcoin cloud hashing contracts.

    Bitcoin network difficulty is a unit of measure of how difficult it is to find a hash under a given target.

    The Bitcoin network has a global blocking difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty that sets a lower limit for shares.

    The difficulty level of the Bitcoin network changes roughly every 2 weeks or 2,016 blocks.

    The best Litecoin cloud mining services and comparisons

    The options for Litecoin cloud mining contracts are limited. If nothing on the following list suits your needs, you can buy Bitcoin cloud mining contracts (see above) and simply switch the bitcoins you have earned into Litecoin.

    Hashflare rating: Hashflare offers Scrypt Mining contracts with a minimum purchase of 1 MH / s.

    Genesis Mining Review: Genesis Mining offers Litecoin cloud mining contracts.

    Minex rating: Minex is an innovative aggregator of blockchain projects offered in the format of an economic simulation. Users purchase cloud packs which can then be used to index pre-selected sets of cloud mining farms, lotteries, casinos, real world markets, and more.

    Minergate review: Offers pool, merged mining and cloud mining services for Litecoin.

    Eobot rating: Eobot offers Litecoin cloud mining contracts with monthly payouts of 0.0071 LTC.

    The best Dash cloud mining services and comparisons

    The options for Dash cloud mining contracts are limited. If nothing on the following list suits your needs, you can buy Bitcoin cloud mining contracts (see above) and simply switch the bitcoins you have earned in Dash.

    Genesis Mining Review: Genesis Mining is the largest X11 cloud mining provider. Genesis Mining offers three Dash X11 cloud mining plans that are inexpensive.

    The best ether cloud mining services and comparisons

    The options for Ether cloud mining contracts are limited. If nothing on the following list suits your needs, you can buy Bitcoin cloud mining contracts (see above) and simply switch the bitcoins you have earned into Ether.

    Hashflare rating: Hashflare is a large ether cloud mining provider with inexpensive Ethereum cloud mining contracts.

    Genesis Mining Review: Genesis Mining is the largest ether cloud mining provider. Ethereum cloud mining contracts are inexpensive.

    Minex rating: Minex is an innovative aggregator of blockchain projects offered in the format of an economic simulation. Users purchase cloud packs which can then be used to index pre-selected sets of cloud mining farms, lotteries, casinos, real world markets, and more.

    Eobot rating: Eobot offers Ethereum cloud mining contracts with monthly payouts of 0.0060 ETH.

    This Ethereum Cloud Mining Guide will show you how to mine Ethereum using Amazon cloud servers.

    Bitcoin cloud mining scam

    There have been an enormous number of bitcoin cloud mining scams, such as the potential $ 500,000 Bitcoin cloud mining Ponzi scheme, that have been discovered. Potential buyers should be extremely vigilant and cautious before purchasing Bitcoin mining contracts. Services to avoid:

    Scrypt.cc rating: Scrypt.cc enables the purchase of KHS within seconds. You can start mining right away and even trade your KHS in real time with prices based on supply and demand. All KHashes are securely stored and maintained in 2 secured data centers.

    PB mining assessment: Claims to run Bitcoin Mining ASIC hardware. When customers buy a bitcoin mining contract, they instantly earn bitcoins. With Piggyback Mining, the electricity costs and all Bitcoin mining pool fees are covered. The Bitcoin Mining contract is 100% insured because customers should be successful.

    Bitcoin Cloud Services (BCS) review: Seems to have been a $ 500,000 Ponzi scheme scam.

    Zeushash review: Seems to have stopped withdrawals.

    Bitminer.io review: According to user reports, the withdrawals seem to have stopped.

    Cryptocurrency cloud mining company

    Hashflare rating: An Estonian cloud mining company with SHA-256, Scrypt and Scrypt-N options that seems to have the best value for money right now.

    Genesis Mining Review: Genesis Mining is the largest Bitcoin and Scrypt cloud mining provider.

    Hashing 24 rating: Hashing24 has been involved in Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury that deliver the maximum possible performance and efficiency.

    Minex rating: Minex is an innovative aggregator of blockchain projects offered in the format of an economic simulation. Users purchase cloud packs which can then be used to index pre-selected sets of cloud mining farms, lotteries, casinos, real world markets, and more.

    Minergate review: MinerGate is a mining pool that was founded by a group of cryptocoin lovers. It is the first pool to offer merged mining services. This means that when mining on our pool you can win different coins at the same time without reducing the hashrate for the main coin.

    Hashnest rating: Hashnest is operated by Bitmain, the manufacturer of the Antminer range of Bitcoin miners. HashNest currently rents more than 600 Antminer S7s. You can check current prices and availability on Hashnest's website.

    Bitcoin cloud mining review: Allegedly active in Bitcoin mining since mid-2013. All bitcoin miners are located in a state-of-the-art data center in Australia with direct access to high quality equipment and 24/7 support.

    NiceHash review: NiceHash enables you to buy and sell hashing power. Selling hashing power is very easy to do by connecting your miner to our stratified mining pools, while buyers can purchase hashing power on a pay-as-you-go basis. Claims to offer an innovative, easy-to-use, and risk-free cloud mining service. You can win most of the popular coins based on SHA-256 (Bitcoin etc.), Scrypt (Litecoin, Dogecoin, etc.), Scrypt-N (Vertcoin, etc.) and X11 (DarkCoin etc.).

    Eobot rating: Claims to have the easiest, cheapest, and best cloud mining solution. Start with just $ 10 via PayPal and choose a cryptocurrency such as Bitcoin, Litecoin, Peercoin, Namecoin, Feathercoin, Dogecoin, NautilusCoin and Vertcoin.

    MineOnCloud rating: MineOnCloud seems to have outdated hardware. It started in November 2013. It offers Bitcoin mining contracts for SHA256 using a very stable ASIC 28nm chip. There are two Bitcoin Mining contract options: a day pass and an annual contract. Customers can choose the Bitcoin Mining Pool and switch every month for free with the annual contract.

    Scrypt.cc rating: Scrypt.cc enables the purchase of KHS within seconds. You can start mining right away and even trade your KHS in real time with prices based on supply and demand. All KHashes are securely stored and maintained in 2 secured data centers.

    PB mining assessment: Claims to run Bitcoin Mining ASIC hardware. When customers buy a bitcoin mining contract, they instantly earn bitcoins. With Piggyback Mining, the electricity costs and all Bitcoin mining pool fees are covered. The Bitcoin Mining contract is 100% insured because customers should be successful.

    Bitcoin Cloud Services (BCS) review: Seems to have been a $ 500,000 Ponzi scheme scam.

    Zeushash review: Seems to have stopped withdrawals.

    Bitminer.io review: According to user reports, the withdrawals seem to have stopped.