IQmining – overview of the cloud-based crypto currency mining platform

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Cloud mining or how to obtain crypto currency without equipment?

In the crypto industry everyone earns as much as he can. This fertile environment allows you to gain profit to all comers – it’s enough to find your way. But what about those who do not have sufficient funds for trading or technical skills for mining? Do not despair, for such users have their own occupation called cloud mining. Confuses one thing – this activity is constantly associated with the financial pyramids, here and there they say that “remote” miners lost their money because of the resource’s bench or could not repulse the costs. It’s time to figure out whether to believe the services of cloud mining and whether they really produce anything.

Problems of traditional mining

Once mining was available to everyone, everyone could easily obtain crypto currency, and the purses of the miners “burst” from the abundance of content. These times have irretrievably gone, and although mining is still available to everyone as before, it’s not so easy to make money on it, rather, on the contrary, you can get losses. Where does the crypto-currency world go? It is only confidently developing in technical terms and more people are getting into this environment.

We will not go into details of mining, on the portal there is a separate article on this method of earning, we recall only what its key problems are. The complexity of mining is steadily increasing, the number of miners wishing to obtain coins for themselves, as well. A simple PC is no longer able to extract TOP Crypto-currencies – this is inefficient and almost useless. Against the backdrop of all this, new devices for mining are being actively developed, more powerful and modern, and their price on the wave of the HYIP is overshooting.

Where to move in this situation to a simple miner who does not have much money or knowledge for equipping an asik farm? We can see the situation when the industrialists practically survived from this sphere – the era of solo mining by enthusiasts, unfortunately, ended, now it is a sphere of big money in which all the cream is collected by the real giants of the market. But, if the mountain does not go to Mohammed, then Mohammed goes to the mountain – today for the mining it is not necessary to have neither big money, nor powerful technical adaptations. It is this opportunity that gives us cloud mining.

What is cloud-based crypto currency mining and why is it needed?

Cloud mining – without exaggeration the most convenient and passive way of earning on crypto-currencies. To get coins you do not need to apply any daily effort, because all the work for you will do the others. The essence of cloud or remote mining is that the user does not need to buy equipment, delve into the technical nuances of the mining equipment and spend time and effort on servicing the machines. All this is taken care of by the service that provides mining services. In fact, the user rents some of the capacity from the mining farm and profits from their work. The landlord also buys equipment, sets it up for work, pays taxes and expenses for electricity, repairs and cools the devices. All this remains behind the screen for the user who invests in cloud mining – he only receives the agreed amount of the contract in the agreed time.

From all of the above, the following advantages of cloud mining follow:

  • Completely passive income . Leasing the capacity, you just make a profit, while others will do the work for you.
  • Payment in Crypto-currency . The user earns the selected coins, which can eventually rise in price and even directly in the process of production due to the volatility of the exchange rate. In other, the rate may fall – then the payback of the lease will come much later.
  • There is no need for special knowledge and skills . Becoming a client of cloud services can absolutely everyone and success does not depend on any of your actions or knowledge.
  • A large number of services . Clouded minings arise as actively as everyone in the crypto-currency world, and therefore the user has the opportunity to choose.

But it is impossible not to mention the shortcomings of remote mining. Unfortunately, despite the seeming simplicity and availability of this earnings, many fail not to earn money, but even to return the invested funds. Cloud mining can turn out for you not at all what was promised:

  • A lot of dealers from the sphere of HYIPs are very attracted by the subject of cloud mining and some of them very plausibly depict this activity. If the service turns out to be a financial pyramid, which occurs quite often, at best you’ll be lucky to get at least your money.
  • As a rule, all real services for remote mining of crypto-currencies pay a small percentage, and therefore you can get into breakeven at best in a few months or even in six months.
  • It is difficult to make predictions about how much profit you can get on the outcome of the work of the contract. It is possible that because of the volatility, you even go into the minus in dollar terms, despite the fact that the service will honestly pay you.

How does cloud mining work?

Many users have a logical question, but is it profitable, in general, for cloud-leasing services to lease out their equipment? After all, if there is anything to gain Bitcoins on an industrial scale, then why rent out the capacity to others if you can successfully obtain coins for yourself. In fact, with a competent organization of the process, cloud mining is very beneficial for its owners. First, they have benefits from both your mining and your commission, and secondly, the invested funds can be invested in the expansion of the data center, that is, the purchase of new equipment. The larger the farm, the greater the profit will be received by its owners.

Cloud Mining without Attachments

Cloud mining is an easy way to earn money, but not enough to not pay for it. Think for yourself if you are provided with equipment, serviced, repaired, paid taxes and bills for electricity – how can clouding be free in this case? Of course not. Therefore, if you are offered free or very free production conditions, you should be alert – most likely, you are dealing with scammers.

Do not confuse clouded minings with bitcoins-cranes – the latter do pay a small portion of the crypto currency absolutely free of charge. But whether only it is possible to name it earnings, after all the sums cranes pay scanty. Clouded minings will cost money and sometimes considerable.

Reliable cloud mining – myth or reality?

The user of cloud mining, often, can not in any way check whether the service does any activity. This fact is very attractive in this sphere scammers of different suits, which under the legend of cloud mining can do anything. Due to the huge number of fake clouds of the minings, the credibility of cooperation with such services has been undermined and there is an opinion that there are no cloudless mining at all, it’s just a myth.

In fact, remote mining exists and it would be foolish to deny it. The headliners of the market are large companies that do not have any sense in creating financial pyramids – they have a reputation in the blockboy environment and value it very much. But the fact that getting into real mining is quite difficult – the true truth.

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How can you protect yourself from deception and get real coins, not imaginary ones? The likelihood of falling into the clutches of scammers can be reduced if you follow the following rules:

  1. Do not buy at too high a percentage. If you are offered 100% per month, then it is very likely that there is fake cloud mining in front of you. The real production of crypto-currency on average will allow you to double for six months or a year.
  2. Choose services that demonstrate real proof of work. Suitable audio and video proofs, and better video in real time from the cameras installed on a cloud-controlled mining farm.
  3. Pay attention to the availability of an affiliate program. If it is available, then the percentage should not be too high – optimally in the region of 1-2%. Unequivocally, if the site is ready to pay a third or a quarter of the referral’s deposit to you for attracting, then you have a classic HYIP.
  4. The block-industry is not so big that it is forgotten about achievements in it. If the creators of the service or its employees have a positive reputation, then this is a big plus.
  5. Many organizers of services for mining have other projects, often these are pools. Such clouded minings deserve more attention.

Do not think that you need to look for services that have been working for decades, hoping that this is a solid reliability indicator. This niche is completely new and absolutely all companies in it are young, so the age in this case will not tell you anything.

Services cloudy mining – sites with a good reputation

There are a lot of cloudings for today, but the main industry leaders have long settled on an honorable pedestal. The sites listed below not only have a good reputation, but also the greatest number of users who on personal experience checked the solvency of services and managed to earn with them their share of the profit:

  • Genesis Mining – one of the largest services that lease their capacities. Cloud mining was founded in 2020 year, its headquarters is in Hong Kong, well, the data centers themselves are localized in different countries. Since the production of crypto currency is underway using scrypt and SHA-256 algorithms, it is possible to not only run it, but also lightcoins, dash, leopard and etc.
  • HashFlare – Works with 2020 year. The service extracts many crypto-currencies by several algorithms, and the yield depending on them can reach up to 120% per year. The founders of the project are Estonians and although there is no cheap electricity in Estonia, and the climate is not very suitable for mining, nevertheless, the authorities’ loyalty to crypto-currency start-ups has allowed the cloud service to work successfully for more than a year. About HashFlare there are a lot of positive reviews on the network, so the project really pays.
  • Eobot – Cloud service with a simple interface that works with 2020 year. The site was one of the first to start its cloud work on the production of crypto-currency. Famous for a large list of available for production crypto currency, has its own mining pool and allows users to create their own pools thanks to the MyPool function.
  • HashNest – cloud mining from the company BITMAIN, which everyone in the crypto industry heard. The giant is engaged in the production of asik-miners, has its bitcoin farms and pool. In addition, it is BITMAIN that has to do with creating fork Bitcoin Cache. In a word, the company certainly has absolutely nothing to do with financial pyramids, and their service really does. Among the features of this cloud-based mining – the ability to purchase capacities from 1 gigase, the availability of reporting, it is possible to expedite payment on the contract.

Cloud mining does exist, as evidenced by the numerous reviews of users who really make money on it. At the same time, the sphere was flooded with a wide variety of services that deal with anything, but not with mining. Therefore, if you are facing a choice of a cloud service for the extraction of crypto currency, then it should be very careful and study the proposals in detail. But even if you get to a conscientious resource, not the fact that you earn – the profit is influenced by many factors, including high volatility of coins. Therefore, you should not perceive cloud mining as the main way of earning, rather, as an additional opportunity to diversify your portfolio of investments.

January 13, 2020

2 feedback on “Cloud mining or how to obtain crypto currency without equipment?”

Since September, a new company of cloud mining OMNIA-Tech is working, is developing rapidly and is building all new farms (currently, in three countries). Note. I can help with the information on it, if necessary

Hey. Thank you. Helpful information. Need to think. Sergei.

Cryptocurrency mining: overview of the best cloud mining services

Cryptocurrency mining is a common way to make profit using digital coins. However, many cryptocurrency miners prefer not to create their own farm, customize software and choose equipment, but to mine digital coins using cloud services.

What is cloud mining?

During cloud mining, user gets cryptocurrency using the computing power of remote data centers. There is no need to independently search and assemble equipment.

Moreover, cloud mining helps miners from countries with high levels of electricity prices to save money. You can enter into an agreement with a mining farm located in regions with more affordable electricity.

Using cloud mining, you can also mine several currencies at the same time, and sometimes test services for free.

Best services for cloud mining

When choosing a service for remote mining, it is important to remember that different companies offer contracts with different terms and conditions. To start making profit, you should find a lucrative contract for digital coin mining, taking into account the power of equipment.

It is also important to remember that there are many scammers on the market, and some companies may abruptly suspend their operation. Reliable cloud mining platforms are listed below.

Eobot

Eobot platform created by the largest manufacturer of ASIC chips Bitmain. This fact increases the level of trust in the service.

Using Eobot, users can select the desired cryptocurrency from 21 digital coins, including such popular currencies as BTC, ETH, LTC, DASH, ADA, NEM, EOS and ETH Classic.

The service allows users to enter into contracts of any duration. Thus, cooperation with the platform can last from 24 hours to 10 years.

Genesis mining

Genesis Mining has been helping miners to mine cryptocurrencies since 2020. BTC, LTC, ETH, DASH, Zcash and XMR are available on the platform.

For each of the cryptocurrencies presented, the platform created three service packages with different equipment capacity and cost.

To mine Bitcoin, it is necessary to conclude a five-year contract, and the contract for mining other altcoins lasts for two years.

Those who want to mine cryptocurrency on other conditions can offer the company its own mining plan.

Hashing24

Using the services of Hashing24, it is possible to mine Bitcoin only, but it is possible to conclude an open-ended contract with the company. For the use of the 100GN/s equipment, the buyer will pay $12.5.

The mined coins are sent to the user’s wallet every day. In addition, the platform guarantees customers that it won’t suspend the contract if the equipment fails. Moreover, the platform is a partner of BitFury – the largest company producing mining equipment.

IQ mining

The IQ Mining service has been operating since 2020 and offers mining services for several altcoins at once. The platform promises that the first payments will arrive on the client’s wallet an hour after the contract conclusion.

The service offers five strategies for mining: you can choose mining options for the ten most profitable cryptocurrencies at a particular period of time.

Each strategy has three packages: gold, bronze and silver. This allows users to choose the most profitable option.

Aliencloud

AlienCloud is a platform offering several cryptocurrency services, including crypto exchange, cold and hot wallets, as well as cloud mining.

The service regularly adds new mining contracts and allows you to enter into indefinite contracts. Cryptocurrencies to be mined are BTC, LTC, ETH, XMR, BCH and ETC.

HashFlare

The HashFlare service, which was actively used by miners and was mentioned in the articles as one of the top ones, turned out to be a scam. In 2020, the company changed the terms and conditions of contracts, and completely stopped payments.

Cloud mining is an affordable and optimal way of cryptocurrency mining. It doesn’t require additional equipment costs, so users need to make minimal investments to start making profit.

Blockchain experts will discuss cryptocurrencies at Blockchain Conference Moscow.

IQ Mining Review

About IQ Mining

IQ Mining service started its work in the end of 2020. It has been functioning not for a long period of time, but there is a quite good customers’ feedback describing the project nowadays. The service offers remoted equipment – so users are able to rent it and join process of Cloud Mining.

IQ Mining Bonus!

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Bonus!

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Promo Code

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Promo Code

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

If you are new to the market or had a negative experience before, names in the service will always come first. Unfortunately, when reading different reviews and getting familiar with official papers, we couldn’t find any particular names apart from two: George Versky, the engineer, and Brad, the support member.

On one hand, it is a good sign that means that IQ Mining work as a Team and don’t distinguish any participant. In this review we won’t be able to familiarize you with CEOs and founders but will surely give enough important information.

At the moment, IQ Mining has more than 50 000 active users, who rent around 860.000 MH/s of total power and have a payout of almost $5 million within two years. When mining on this platform you can get familiar with more than a hundred cryptocurrencies.

Project follows conception, including next aspects:

  • Minimization of energy consumption purchasing. IQ Mining co-works with TOP suppliers of electricity.
  • Rent of excess capacity in large data centers. That allows to make Cloud Mining 2-3 times cheaper than other services offer.
  • Data and money security. Service uses smart-contracts to protect transaction, provide payments and stabilize prices.
  • Converting Altcoins into Bitcoins searching for better prices. Though Altcoin Mining is very profitable, there are too many risks. IQ Mining solves the problem in this way by using special limiting orders which are installed on crypto-exchanges with low spreads.

According to the statistics, IQ Mining has more than 7000 miners and nearly 981000 capacities.

Users are able to know more about the service and join the process of Mining on project official page: iqmining.promo

Crypto Mining: Great Opportunity to Earn Money

Market participants or people, who at least know something about the world of cryptocurrencies, know that there are two main ways of making impressive money: mining coins or starting a new cryptocurrency. As you understand, the first option is much simpler.

If you refer to the term ‘mining’, you will probably think that the process is quite simple and doesn’t require any specific skills. All you need is to buy hardware and install software, set them up and then just relax, watching how your coins are being mined. It seems that people, who are familiar with creating viable systems, are also able to create their own mining farms.

However, everything is a bit different in reality. You not only need hardware but you also need it to be really good. Moreover, when any problems arise, you should be able to have enough experience and skills to handle all of them.

On top of it, you need to take into account regulations of your country and bills for electricity. If you sum everything up, you will see that it is impossible to mine cryptocurrencies without huge investments of time and energy.

Website Interface

Interface of IQMining online resource is very understandable and convenient. User is able to read main information about Cloud mining and know more about principles of service functionality there.

Different pages such as ‘Offers’, ‘Pricing’, ‘FAQ ‘and ‘About Us’ make the information sorted and it’s easier to find topic user is interested in.

Client can easily see the ‘Sign in’ button and join the Mining process by clicking on it and fulfilling next steps:

  • User is to input data into fields: Name and Surname, mobile number, email, choose password and agree with the rules.
  • Open Online cabinet. Client can find information about current capacity, balance and purchasing process there.
  • User should choose capacity after looking through the cabinet functionality and decide how much of it he or she is going to buy, what crypto currency to mine.
  • There is a special page where capacity may be purchased. So after paying IQ Mining will start to work on user. The system will start the process automatically and one hour latter first profit will be added to the balance.
  • Client can withdraw currency once a day without any limitation. Profit on balance will appear every hour. User can fund his or her account through MasterCard or VISA cards, BTC, ETH, LTC and other digital currencies.

How to Profit With IQ Mining?

There are different ways to get profit with help of IQ Mining service. User may choose special account during the process of registration. There are three types of profiles:

  • Provides each hour profit. Withdrawals are allowed once a week. 0.01 BTC is minimal payment.
  • Adds bonus of 10% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 0.1 BTC is minimal payment.
  • Adds bonus of 20% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 1 BTC is minimal payment.

Prices are quite available:

  • Service offers 300MH/s of Scrypt for 840 USD.
  • User can buy 3000GH/s of SHA-256 for 240 USD.
  • Ethereum costs 540 USD for 30000KH/s.
  • Price for 2CASH is 480 USD for 300H/s.
  • To purchase DASH user must pay 840 USD for 300 MH/s.

What Coins to Mine?

There are different digital currencies which user can chose for Cloud Mining:

  • LiteCoin, abbreviation – LTC;
  • Ethereum, abbreviation – ETH;
  • Scrypt;
  • Monero;
  • DASH;
  • Zcash, abbreviation – ZEC.

Unfortunately, Bitcoin capacities may be unavailable. If you are interested in mining of this currency, firstly check if there is a possibility to purchase capacity.

Altcoins Pool of IQ Mining

When you enter the IQ platform, you get access to instruments that help to mine a variety of coins or tokens. At the moment, IQ Mining offers around 150 Altcoins based on the selected plan.

For now, the most popular coins include Ethereum, Litecoin, Zcash, Monero and Dash. They are the most reliable and profitable coins, so are definitely a great choice for experienced miners.

When the altcoins are 100% mined, the platform assists in exchanging them on bitcoins and sending to the indicated wallet.

How the Mining Processes Look

  1. IQ Mining owns multiple data centers and a variety of mining instruments, which the company rents out and exchanges on hash power;
  2. IQ Mining power is now used for mining the most profitable coins on the market;
  3. When you have mined altcoins, you can trade them for bitcoins that will be sent to your wallet address.

All you need is to buy one of the plans and IQ Mining will do the rest for you!

IQ Mining Pricing

To choose the best option for work, you can give preference to one of the three cooperation packages, depending on your possible investments and wishes:

  • Bronze package – your basic opportunity to invest in cryptocurrency without bonuses, but at the same time without a minimum deposit. In order to start cooperation on the “bronze” conditions. To obtain it, an investment of 0.01 BC is enough.
  • The silver package is an opportunity to receive a bonus with an investment of 10% with an investment of 0.1 BC.
  • Gold package is given to those who invest from 1 Bitcoin in recalculation at a time. And the bonus, in this case, reaches 1/5 of the deposit.

If in general, depending on your investment, on our platform you can set up mining from 100 to 150 altcoins (we listed the list of available currencies above). In addition, you can choose among the most popular cryptocurrencies, including Etherium, Litecoin, Zcash and others.

Regardless of the chosen cryptocurrency, after its mining, you can automatically exchange it for Bitcoins at the exchange rate of the platform and get into the account specified during registration an already accepted version of cryptocurrency.

To reduce the risks on our platform, small smart contracts are used. In addition, we are actively using cooperation with the capacity of large data centers – they help our customers with the provision of physical resources, so you can mine without the hassle and earn three times more of your investment simply by using our platform without enhancing your own resources.

SHA – 256 (mining strategy – 10 majors)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $50 for 1000 GH/s
– Historical earnings: 73% for year.

SHA – 256 PRO (mining strategy – 100 altcoins)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $120 for 2400 GH/s;
– Historical earnings: 128% for year.

Ethereum Mining (mining strategy – ETH)
– Nill maintenance fee;
– Everyday payout (in ETH);
– Price of the contract: starting with $40 for 4 MH/s;
– Historical earnings: 60% for year.

You can pay using BTC, Zcash, LTC, Webmoney, PayPal, Credit and Debit cards, wire transfers, kiwi and so on.

IQ Mining Innovations

With the help of smart contracts IQMining managed to reduce costs and to protect investments, income and profits. In addition, they always use huge data centers and never rent hardware, always working on their own.

Also, time frames of delivery and consumption of power are also secured by smart contracts. As a result, you can be sure that with IQ Mining your investments will be safe and will return three times bigger compared with other cloud mining platforms.

Pros and Cons

IQ Mining has lots of advantages. Thanks to its unique features, it stands out among other similar projects.User can start Cloud Mining process purchasing only 0,01 BTC or other equivalent digital or real currency. Minimal withdrawal sum is 0,001 BTC. To get payout user should only leave an application in the Online cabinet and wait within 24 hours until the payment falls on the wallet or account. There is a possibility to win bonus of 20%. Service offers reinvestment option which allows to increase the profit client gets. There is no subscription fee and registration is free. Disadvantages are too short period of existing time and wide variation in reviews, both good and bad. Though there are articles describing IQ Mining as a Scam, no real facts of false are registered. Anyway clients should use the service at their own risk. Unfortunately, fake projects are everywhere nowadays and not only IQMining is risky.

Why to Choose Cloud Mining?

However, you shouldn’t think that everything is useless and there is always a way for those, who really want to achieve something. If you are familiar with web hostings and their work, you probably know something about cloud hosting.

Basically, instead of being attached to a certain location with physical servers, cloud hosting offers a variety of connected servers, which make up a single system without any particular location.

Now you can try and transfer this idea on mining. With the help of CPU/GPU you will be able to mine a variety of coins. Considering that cloud mining can offer additional power, when servers are connected, the chances of mining a proper block become higher and you will certainly earn more money.

This means that a cloud is a connection of several mining instruments and multiple different locations. To be brief, when you are turning to cloud mining this means that you will rent a certain space in a variety of networks that are interconnected.

We have analyzed, researched and tried out a variety of cloud miners for the past years and IQ mining remains one of the best in the field. Reviews are truly amazing, so we decided to tell users about the service, its offers and algorithms.

10 Best Bitcoin Cloud Mining | Cryptocurrency Cloud Mining 2020

by Ankur Gupta · February 12, 2020

Looking for a secure, trusted and profitable Bitcoin cloud mining platform? There are multiple BTC cloud mining websites that offer cloud mining for Altcoin as well. We have listed a few cryptocurrency cloud mining services so that you can decide the best bitcoin cloud mining for you.

Cloud mining or cloud hashing allows users to buy mining power that of hardware in data centers build by mining companies. There is a number of players offer cloud mining in terms of renting their hardware for a fixed period of time. These companies return the mined results with the users and cut their profit form that results. In this article, we will discuss some best cloud mining platforms for bitcoin and altcoins.

Choosing the best bitcoin cloud mining service to use is not an easy task because this business is full of scammers. More than 99% of cloud mining providers are fraud. Instead of actually mining any cryptocurrency, they built an attractive website and start scamming users on the name of cloud mining.

I invested in some of the cloud mining platforms out of the two operators, Hashflare Mining and Genesis Mining, who are the most reliable and trusted brands offering contracts for several years. Cloud mining is done remotely in the cloud data centers. This enables the users to not bother with any of the hassles such as electricity, hosting issues, heat, maintenance, installation or upkeep trouble.

What are the Advantages of Cloud Mining?

Let’s take a look at the advantages of cloud mining:

  • Higher Profits – because mining providers optimize everything for you, it yields out higher returns.
  • Tranquil and cooler home – no more sound and heat.
  • Less electricity – the consumption of electricity will get a lot lower.
  • ‘No’ equipment maintenance – no need to sell the hardware, when they stop being profitable. No tension in configuration of the hardware.
  • Simple and Ready to use: Signup with these providers and start within minutes.

What are the Disadvantages of Cloud Mining?

And now have a look at the counterpart list:

  • Scam Risk – It always involves the risk of being scammed by a cloud mining fraud.
  • Cost of Mining Operations – users have to pay for the hardware management cost.
  • Unpredictable profit: Profit depends upon various factors. If the value of the coin goes down it may become non-profitable also.

Is it Profitable?

Always keep in mind that returns are not guaranteed and depend on a part on the coin value and mining difficulty, both of which are unpredictable for the future. The lower the coin value, the higher the impact of that fee on mining returns, and the higher the mining difficulty, the fewer coins the same amount of hashrate will return, and vice versa. If we take an example of Ether mining it was less profitable as the price of the Ether was much lower then the current price. If you believe that the value of a crypto coin is going to be very high in 1 or 2 years then it will be much profitable.

Name / Logo Details Coin Supported Risk Factor Website Link
IQ Mining Working Since 2020 Bitcoin, Litecoin, BCH, ETH, Zcash, Dash,
GRIN, AEON, BEAM, DOGE
Low Risk IQ Mining Website
CryptoUniverse Mining Working Since: Feb 2020 Bitcoin, Litecoin Low Risk CryptoUniverse Website
Hashflare Mining Working Since: 2020 Bitcoin, Litecoin, Ethereum,
Zcash, DASH
Low Risk Hashflare Website
Genesis Mining Working Since: 2020 Bitcoin, Litecoin, DASH, Zcash, Monero,
Dogecoin, Ethereum, ETC, Few more.
Low Risk Genesis Mining Website
Eobot Mining Working Since 2020 Bitcoin, Litecoin, BCH, ETH, Zcash,
Dash, XEM, Tezos, STEEM, Lisk,
EOS, Monero, Ripple and many more
Low Risk Eobot Website

Operational Bitcoin Cloud Mining Websites:

There are many websites offering cloud mining. I picked only a few of them, those are reliable, trusted and well-known players of the market. Now, let’s take a brief idea about recommended cloud mining services:

IQ Cloud Mining

IQ mining uses smart mining techniques at affordable prices. It offers most profitable cloud mining contracts for popular cryptocurrencies. Their profit calculations based on most efficient mining hardware with minimal contract maintenance cost. They offer Bitcoin payments on daily basis depending upon your purchased MH/s power. They offer mining contract for 1 years to lifetime. IQmining supports mining contracts for Bitcoin, BCH, LTC, ETH, XRP, XMR, DASH and many more cryptos.

How to use IQ Mining: There are different investment packages. For e.g., if you buy the Silver package, you will get 10% bonus above your payouts. In the Gold package, it is a 20% bonus.

  • If you invest 0.01 to 0.1 BTC you will get the Bronze package.
  • For investments between 0.1 to 1 BTC, you will get a Silver package.
  • Between 1 to 10 BTC you will get Gold package.

They are offering limited period offer: Get 30% Off on all contracts

CryptoUniverse.io

CryptoUniverse.io is a cloud mining farm that dates back to 2020 when they launched its first-ever test mining farm with an initial aim of introducing more people to the idea of blockchain mining and cryptocurrency.

The company has been offering BTC and LTC cloud mining contracts at different budget rates since 2020 and since then there has been no looking back. Furthermore, the farm has its very own data center with a total power capacity of 20 Megawatt and has 12000 miners operating round-the-clock in the station.

The company also accepts distribution mining contracts from companies like Bitmain, Ebang, Innosilicon, and Canaan. Prospective clients can buy contracts starting at a price of $23.9 for 1 Th/s. In addition to that, you can pay very low maintenance fees in advance to benefit an added discount of 4%. For promo offers and current discount rates follow the latest news on the social media platform of CryptoUniverse.io.

The CryptoUniverse platform also offers referral programs through which clients can now earn up to 10% of the contract price by following the referral link. The platform offers a variety of mining contracts available at affordable budgets. Another unique feature of the CryptoUniverse platform is that the contract prices change according to the market values which keeps you updated with the changing market variables of the crypto world.

Genesis Bitcoin Cloud Mining

There are only a few reliable cloud mining companies who actually set up mining hardware and mine crypto-coins for you and one of them are Genesis Mining. Genesis mining was started in 2020 an is one of the oldest companies around. Genesis has established a publicly known mining farm in Iceland.

Currently, they are offering mining powers for Bitcoin, Ether, Zcash, Monero, Dash, and Litecoin. You can start mining within minutes. Available payment options are Credit cards and some crypto coins.

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HashFlare Bitcoin Mining

Hashflare is a Europe based bitcoin cloud mining company. The company was founded in July 2020 and started its cloud mining service in April 2020. Hashflare is a part of HashCoins that creates ASIC bitcoin miners. Similar to Genesis mining, Hashflare also offers lifetime bitcoin mining contracts ( remember as long as profitable), Ethereum cloud mining, Zcash cloud mining, Dash cloud mining and Scrypt cloud mining.

Similar to Genesis it is one of the two most reputed cloud mining providers with a large number of users. It offers daily payouts and available payment methods are Bitcoin, Credit card, Webmoney, Payeer, Wire transfer and EMC.

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HashGains Bitcoin Mining

Another cloud mining service provider that helps you to mine bitcoins and Altcoins in the best possible and easiest way. Its parent company is Cyfuture which is serving for more than 15 years in the Data Centre Industry. Based on State-of-the-Art technology, HashGains uses the best ASIC (Application Specific Integrated Circuit) and GPU services available. The platform supports multiple cryptocurrencies and has a 99.9% uptime. There is 24/7 technical support and it also provides legit mining where all the coins are new. HashGains also have multiple Data Centres in India, China, and the U.S. It also promises to give high ROI on investments made.

How to use HashGains: First you need to register on the platform. Then you need to choose your preferred plan and make the payment. After that, you can just start collecting bitcoins. HashGains can be used in three methods.

  • Pay per share method where it uses the ASIC mining method, which is one of the basic mining methods used in cloud mining.
  • Proportional Method where miners earn shares until there is a block in pool sharing. After that, they earn a fixed number of shares.
  • Bitcoin Pooled Mining method where newer shares are given much more preference than older shares.

Eobot Bitcoin Cloud Mining

Nuvoo Bitcoin Cloud Mining

Nuvoo Bitcoin cloud mining offers several alternatives for cooperation which includes renting of a mining farm developed by experienced experts. It works in the same fashion as traditional mining websites. Currently, available payment methods include credit card (Visa / Mastercard), Bitcoin, Bank wire transfer.

MyCoinCloud Cloud Mining

MyCoinCloud is a product of Mint SH JSC, which is providing cloud mining services since 2020. Based on state-of-the-art technology, MyCoinCloud token MCC is used to buy shares and after you have done your payment, the subsequent dividends will be accredited automatically to your account. Another unique feature of MyCoinCloud is that by buying shares participants can be co-owners and can earn an 8.5% monthly ROI as well.

How to use MyCoinCloud: You first need to register for an account. Purchase your preferred mining contract and start earning immediately. You can track all your transactions regularly and also do not have to worry about the technical details.

Hashing24 Bitcoin Cloud Mining:

Hashing24 was developed mainly for individuals who can easily access the bitcoin mining technology without getting into the intricacies and technical complications of cloud mining. The interface is very easy to use and it provides 24-hour customer support by a highly proficient team.

How to use Hashing24: Users have to first register which takes only about 2 minutes and then chooses hashpower, which boosts the bitcoin mining process. Then you have to pay for your contract and the order is placed in the largest mining center BitFury. The mining process starts automatically and you will start receiving bitcoins, which can be withdrawn on the same day. Hashing24 is one of the most stable futuristic cloud mining platforms with very efficient technical support.

HashNest Bitcoin Cloud Mining:

Launched in 2020, HashNest is one of the biggest cloud mining companies today. BitMain Technologies is the Parent company of HashNest and its headquarter is in Beijing, China. HashNest allows its users to participate in bitcoin mining through transactions of hashrates and the profits are instantly deposited in the BitMain Wallet. Participants can simply download the Mobile App and use it anywhere and anytime. PACMiC (Payout Accelerate Cloud Mining Contract) is another feature offered by HashNest. Here you don’t have to pay any costs after mining as BitMain already pays for you.

How to use HashNest: Users first have to register for a HashNest account and will simultaneously get a HashNest wallet. Then they have to deposit bitcoins into the wallet and buy hashrates and the cloud mining starts. The amount paid on HashNest is based on PPLNS or Pay Per Last N Shares method. There is a 2FA or two-factor authentication process for HashNest users for optimum security.

My Experience Summary:

I purchased mining contracts from 3 different companies. So sharing my personal view on them. None of these there were actually much beneficial.

Genesis Mining: I am very happy with the results I am getting with Genesis Mining. I got Ether and Bitcoin mining with them and getting my payout every day. As per the current scenario, it is profitable and I believe that In the future value of Bitcoin and ether are going to be very high. You may find some articles on the bogs saying its less profitable. It was the case when the value of the coin was much lower when compared with the current price. So before making any decision with those articles always check when that article was published and what was the value of the crypto-coin that time. Calculate accordingly.

Hashflare: Like Genesis mining, Hashflare also providing very good results. It is my recommendation if you want to invest in cloud mining never think of any other option then these two cloud mining providers. These are well established and oldest players in the market.

Hashing24: I have also done my research on hashing24 mining service and it also seems like a reliable service which is not a scam. Still, I have not invested with them so I can’t comment on it.

I will also keep you updated about other cloud mining services listed in this article in the next few months. After getting my next payouts.

Final Words:

I hope you enjoyed this article and it will be useful for the user to find-out Best Bitcoin Cloud Mining. It is my advice that never goes for any other cloud mining service as most of them are a scam. Please share your feedback and experience with us in the comment section below and Let us know if you need any help. Happy Mining.

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