Contrary to popular myth, cryptocurrencies do not come in by themselves. They are mined using computer calculations. However, it was much easier to do ten years ago, and miners (users engaged in mining) earned much more. The fact is that the complexity of mining cryptocurrencies is constantly increasing. There are more and more people who want to make money in this way. As a result, the number of coins not mined decreases, and the network’s complexity grows. Solo mining on personal equipment has long ceased to bring profitability, and cloud mining has come to take its place. This article will highlight the best cloud mining sites, how to choose a provider, how to start, and how much you can earn.
What is Cloud Mining?
Cloud mining is a method of mining cryptocurrencies in which an investor and a provider enter into a mining contract. The companies offer contracts for the lease of various volumes of capacity. The lease term is also determined in the contract in advance. Using the power of the leased equipment, the user receives crypto coins, and the difference between the cost of the cloud contract and the cost of mined coins is his profit.
Thus, earnings directly depend on the volume of leased facilities: the more facilities you rent, the more you can earn. Mining in the cloud gives users access to more computing power than their own hardware would provide. In addition, cloud mining reduces financial risks: the miner does not need to spend money purchasing equipment, a cooling system, paying electricity bills, etc. He can also calculate the potential profit using the profitability calculator and select a contract for a particular amount. Soon you will choose your best cloud mining site.
1. IPFS Mining Hero
IPFS Mining Hero is a cloud mining hardware sharing platform from Bitmain, founded in 2013 in China and headquartered in Beijing. Bitmain manufactures Bitcoin mining hardware under the Antminer brand and is a pioneer in the field of specialized devices called ASICs. That is why it is one of the best bitcoin cloud mining sites.
This company also operates the world’s largest cryptocurrency mining pools: Antpool and BTC.com. IPFS Mining Hero relieves users of all the hassle of buying and maintaining their own mining equipment. Buying a contract allows you to mine digital currencies and receive income from this.
With the IPFS Mining Hero platform, you can mine potential cryptocurrencies such as IPFS ( FIL ) .
IPFS Mining Hero Advantages
- IPFS Mining Hero partners with one of the largest mining pools
- The average return on investment is 100 days
- You can choose a pool for mining
- Clients from 165 countries of the world
- Affiliate program
2. Genesis Mining
Genesis Mining is an online cloud mining portal that offers hash power without buying and maintaining equipment or spending time setting up software. It is one of the best cryptocurrency cloud mining sites. Customers are offered to agree to the lease of capacities up to 25 thousand GHz/s for mining Bitcoin, Dash, Monero, and other popular cryptocurrencies on the platform.
Thanks to this, you can get income from mining without significant investments and knowledge of all the nuances of mining cryptocurrencies. Moreover, the online service provides services not only to individual users but also to large firms. The project includes three components: cloud mining, algorithmic trading, and proprietary software.
Genesis Mining website has been translated into 21 languages, including English, Russian, Chinese, and others. This speaks of the company’s loyalty to miners from around the world. The portal interface is convenient and easy to use for both experienced miners and beginners. The organization serves over two million clients from over one hundred countries. For all the time, the company has carried out more than one hundred million transactions. The service offers three payment options: credit card, bank transfer, or cryptocurrency.
In Genesis Mining, the average profitability is 80-150% per year. The percentage will depend on the complexity of mining, the current rate of the digital coin, and the chosen tariff. As such, Genesis Mining is a proven and cost-effective cloud mining site. The service takes care of the safety of customers using two-factor authentication. The company offers good tariff plans, a convenient personal account, a choice of six common coins, and several withdrawal methods.
Genesis Mining Advantages
- The project has good functionality
- Two-factor authentication
- Friendly and responsive support
- A wide selection of cryptocurrencies for mining
- Referral program
What are the best cloud mining sites?
In our best cloud mining sites rating, IPFS Mining Hero is in the first place, and it deserves it. It is the first legal cloud mining provider with its own data center and unique preferential terms. Such efficiency is difficult for competitors to achieve because of their location, weather conditions, and economic conditions. Therefore, we recommend this particular provider, especially since the company provides many other investment products. Try it now!