Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as Bitcoin (BTC) on your behalf.
The main advantage of this approach is that you don't need to have in-depth knowledge of mining hardware, nor buy expensive and hard-to-obtain devices. Renting 'hash power' (usually measured in Gigahertz per second or GH/s) also means you don't have to deal with the heat and noise that comes with a DIY mining project.
Many of these companies either source their own equipment or build it cheaply and have placed their data centers in countries like Iceland and China where electricity is cheap, passing the savings on to you.
In this guide, we will explore five of the most reputable cloud mining companies. As there are many scam outfits posing as miners, where possible we've chosen cloud miners who can prove that their data centers exist or are endorsed by a reputable firm. Take some time to do your own research before investing at your own risk, of course – ultimately this is your money.
If you are interested in cryptocurrencies but don't feel happy with the idea of mining, you can also simply purchase Bitcoin as an investment.
Least check out the list :
🌍A well-established and highly popular cloud mining firm
🌍Well-established with verifiable data center
🌍Mining contracts for many cryptocurrencies
Often sold out due to popularity
A major outfit backed by a big name in ASIC mining hardware
🌍Backed by Bitmail
🌍Some verifiable data centers
🌍Purchase of Antminer hashrate currently sold out
You’ve got plenty of cryptocurrency options with this provider
🌍Buy hash power for multiple cryptocurrencies
🌍Limited mining contracts
🌍Current issues with BTC withdrawals
Bitcoin contracts with the ability to simulate profits before you commit
🌍Partners with reputable Blockchain Tech Company
🌍Innovative features like demo mode
🌍BTC mining contracts only
Smart on the security front, with the ability to calculate daily profits
🌍Built-in calculator to estimate profits
🌍Secure sign in
🌍Little information on company owners
