MinerGate’s cloud services are available without technical hurdles and include automatic smart mining options. The CPU contract offers a hash power of almost 23,580 GH/s with a profitability of almost 143%. The ASIC contract offers a hash power of almost 235,849 GH/s alongside a profitability of almost 156%. On the other hand, the GPU mining contract offers 94,340 GH/s worth of hash power with cloud mining profitability rates of almost 149%. This is where some of the best cloud mining sites have evolved as a promising alternative to crypto mining. What are the unique traits of cloud mining sites which make them favorable for mining crypto?
BeMine – ASIC Mining (8.2 Rating)
Located in the Free Economic Zone of Armenia, the company established an agreement with one of Armenia’s leading electricity suppliers. With over 100 thousand users worldwide, the DeFi platform supports major coins, including bitcoin, ripple, ethereum, litecoin, tether, and bitcoin cash. It offers various cloud mining contracts with a minimum purchase of $500. Unlike other platforms, Ecos doesn’t provide exact yield estimates due to the many variables affecting Bitcoin’s price. However, users can access a mining calculator to estimate potential returns. YouHodler — is a Swiss platform that, in addition to traditional crypto services, offers a unique reward system called Cloud Miner.
- In addition, miners have total control over all rewards generated and get to choose their own pools.
- Its state-of-the-art data center is home to over 15,000 ASIC rigs, ensuring continuous operation and maintenance around the clock.
- There are over one million daily active workers on the NiceHash platform.
How to Compare Cloud Mining Services
They have a hosting capacity of 644 MW and offer a one-click cloud mining service. Compared to buying Bitcoin, the cost of mining to get coins is lower. Paying with cryptocurrencies is recommended at GenesisMining because the platform’s USD transactions have a capped hash per day rate.
GoMining offers digital miners starting at $24.99, with power levels and energy efficiency impacting returns. Users can also buy more powerful NFTs with higher hash rates to boost daily earnings and long-term ROI potential. The best cloud mining site depends on your specific needs, preferences, and the cryptocurrency you want to mine.
Additionally, F2Hash’s commitment to sustainability and transparency positions it among the best cloud mining platforms in the industry. Its eco-friendly approach not only benefits the environment but also appeals to socially conscious investors. There are lots of elements that can impact profitability that should be determined – the price of the coin being mined, electricity fees, and other service fees. It’s important to run calculations before getting started with a cloud mining service.
The platform connects data centers and mining equipment owners for a collaborative cryptocurrency mining experience. Platform users have mined over 380 BTC since its inception in 2018, with over 75,000 users. Several powerful rigs are available for interested miners, including the Whatsminer M50s and the Antminer T19.
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It’s great for short-term plays or algorithm-specific strategies—and has full EU regulatory alignment. The ICOMiner app is easy to use, giving you a hassle-free experience regardless of whether you are a beginner or a professional miner. Gaining free Bitcoin and cryptocurrency has become more mainstream as more individuals seek methods of gaining entry into the cryptocurrency sphere without heavy initial investments. Our website assumes no liability for any actions taken based on the information provided in this sponsored content. The increase in the popularity of cryptocurrencies means it’s more important to understand how to correctly document your gains and losses.
The cloud mining company has mining farms in different locations such as China, Canada, Georgia, Russia, Algeria, and Iceland. In addition, the cloud mining site also has customer support teams based in UK and Russia. Apart from Bitcoin cloud mining, you can trust the cloud mining platform for mining other cryptocurrencies. As a matter of fact, users can mine around 150 different altcoins on IQ Mining.