Cloud Mining is a way to mine bitcoin (or different cryptocurrencies) without the need of owning a miner (or mining hardware). Simply said, you buy yourself some shares of mining power – like a mining pool – and profit together with the pool. This means that you only need a contract with someone who offers Cloud Mining Services and a bitcoin wallet
Cloud Mining services are for you if you want to invest in bitcoin mining without the hassle of managing your own hardware, or, in some cases can’t invest in high priced ASIC mining hardware. You can use the cloud mining to earn your coins.
Cloud mining or cloud hashing is a common concept and What it means is that it uses (in most cases) shared hashing power run from remote data centres which allows users to buy mining power of the hardware placed in. All Bitcoin mining is done in the cloud, without any offline hassle, such as electricity, hosting issues, or installation and upkeep trouble.
Here is a short list of the Cloud mining providers:
Cloud Mining Providers
Hashflare offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware.
Genesis-Mining is the world’s leading and most transparent hosted hashpower provider for Bitcoin and Altcoins. Reliable & Customer Oriented.
They are heavily investing in the best available hardware to stay at the edge of technology.
Based in Hong Kong, Hashfox is a cloud mining services provider. Bitcoin (BTC) cloud mining contracts are available on the platform with the possibility to pay either by using Cryptocurrencies or Fiat. Wily, a special feature from Hashfox, is an assistant who will be designed to answer all users' questions impartially, regardless of their level.
Cryptonoras is a Norway-based cloud mining service provider. It features annual cloud mining contracts with 4 separate stages depending on the customer budget, which can be paid using cryptocurrencies. Cryptonoras provides users with daily payouts and the available currencies to mine are BTC, BCH, DASH, and LTC.
The Q-EN platform is a mining company based in Sofia, Bulgaria where you can purchase a cloud mining contract and monitor your mining statistics in real-time. With Q-EN, you don’t have to deal with the maddening hum of the video cards, the excess heat they generate and the costly electricity bills.
Cudo Miner is a multi-algorithm cryptocurrency miner with advanced per algorithm and GPU overclocking features. The smart miner automatically switches between hashing algorithms based on coin profitability and re-optimizes the miners GPU hardware, ensuring optimal performance & profitability is maintained.
FlyMining is a Scotland-based cloud mining service provider where users can start mining for as low as $10. It features monthly and lifetime contracts, the latter of which will only become obsolete once they are not profitable for the user. Users can pay for electricity fees with EUR/USD, rather then paying them from the mining revenue, allowing them to hold on to the entirety of their mined BTC.
FlyHodler is a cloud mining services provider. With HODL contracts, the users can withdraw all its initial investment, plus mining income. It works as a bank deposit, so the users can top-up and withdraw their deposits, and their hashrate changes accordingly.
Hash Core Mining
HashCore Mining is a UK-based company with two mining farms located in Romania. Their Cloud Mining Contracts allow users to mine most cryptocurrencies with the equipment of their choice, earnings are delivered on daily basis and directly on the wallet of the users.
Costa Nord Mine
Based in Romania, Costa Nord Mine offers Ethereum cloud mining services, allowing users to purchase hashpower without having to deal with complex hardware and software configuration. Costa Nord Mine offers mining services and a variety of mining-related solutions for small and large investors.
BitforX offers its customers safe Cloud Mining services. Their Mining farm is located in Kutaisi, Georgia, Industrial Zone and it contains 10,000 Miners. It also has a convenient and secure Bitcoin wallet, accessible worldwide on any device. Select the desired amount of hash power and generate revenue daily.
Hashing24 is a cloud mining contract provider for individuals who want to get involved in bitcoin mining. Hashing24 works as a cloud mining contracts auction, which provides a convenient platform to place your contracts on the Auction, receive bids from prospective buyers, and sell when you feel comfortable with the price.
MinerGate is an established smart-mining multipool that also offers cloud mining contracts to be purchased. MinerGate allows users to mine coins through a smart-mining option or choosing your favorite cryptocurrency manually. Merged-mining is available for FCN and MCN, allowing you to mine two currencies at once without the loss of hashrate for the main coin.
Cloud Mining Bitcoin and Other Crypto-Currencies Disclaimer
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