Best Cryptocurrency Cloud Mining Sites You Can Find
Cryptocurrency mining is an integral part of the cryptocurrency industry in order to improve its position in the market. While this is often done on huge mining farms and with expensive equipment, you can contribute to mining cryptocurrency remotely through a process called cloud mining. So, what are the best cloud mining sites, and are there any risks that come with them?
Mining digital currencies through the cloud provides much higher profitability, as the hardware and equipment of the service provider are usually reliable, in addition to the fact that cloud mining companies incur maintenance, and this saves a lot of costs that may be incurred by new members.
Also, cloud mining technologies use intelligent algorithms in order to choose the best and most profitable strategies, which brings all parties satisfactory passive income. Check out the biggest risks for cryptocurrency investors (both new and experienced).
Cloud mining risks
Before starting cloud mining, it is important to note the risks associated with the process. First, you need to be very careful when choosing a cloud mining site. Most of the websites that indicate that they provide such services are usually scams, so it is imperative that you know that the platform you have chosen is legitimate and trustworthy. But don’t worry, all the websites listed here are verified to be reliable!
Secondly, different websites offer different profit margins from cloud mining. Changes in the market, such as the value of your chosen currency, may affect how much money you can make in general. So, it is important to research the details of the digital currency you want to mine first. Check how to research cryptocurrency details before investing.
Despite these risks, cloud mining can be profitable and can provide some additional income (remember, nothing is guaranteed in crypto, and you can get less than you put in!). So, what are the best cryptocurrency cloud mining websites?
1. ChickenFast
Founded in 2015, ChickenFast is a popular cloud mining site that you can trust. ChickenFast uses artificial intelligence to select the most profitable cloud mining options for you using the amount of deposit you want to add. For example, say you want to deposit $1,500, ChickenFast will instantly calculate your projected daily, monthly, and yearly income and the amount of energy required for your plan.
ChickenFast also guarantees your initial deposit back and ensures that you get paid every day without delay. You can mine Bitcoin, Ethereum, and Bitcoin Cash with ChickenFast, and there are three premium tariffs you can choose from: the Silver, Gold, and Platinum plan. Keep in mind that the minimum deposit amount for one of the plans is $1,000, which qualifies you for the Silver plan. If this is not for you, you can deposit as little as $250.
You also don’t have to worry if you run into any issues when using ChickenFast, as customer support is available 24/7. The company is also focusing on environmentally friendly mining, which is pretty cool, considering the environmental impact of cryptocurrency mining.
2. ECOS
ECOS is known as one of the most popular cloud mining sites on the market right now, and there are a number of things that make it a great option.
First, the minimum contract amount is only $75, which makes it an affordable way to earn a side income. The minimum contract length is fifteen months, although you can opt for much longer contracts that can last up to 50 months, or just over four years. The website allows you to see how much profit you will earn on a daily, monthly and yearly basis depending on your investment amount and how much energy your mining contract requires.
ECOS also leaves you with no choice in what cryptocurrencies you can mine. It currently offers the ability to mine Bitcoin, Ripple, Tether, Litecoin Ethereum, and Bitcoin Cash. Moreover, ECOS has a dedicated mobile app, which you can download on Android and iOS devices. The app is free to download and can bring you a more convenient experience.
3. Genesis Mining
Genesis Mining is another good cloud mining option, as it offers a range of different cryptocurrency options, such as Ethereum, Dash, Monero, and Bitcoin. There are a number of mining contracts to choose from, although the availability of said contracts depends on demand. The website also provides a comprehensive FAQ section and customer service support for any queries you may have or improvement opinions.
Genesis Mining currently has more than 2 million users, which makes it a very popular platform. However, this does come with some downsides. Genesis Mining has periods when new users are not allowed to sign up, given that its mining power can only support a certain number of contracts. So, if you’re done with Genesis Mining, you might have to wait a while until it starts working with new users again. But you can follow the website on Twitter to get notified when the registration window opens again. Check out how to mine and use the Monero cryptocurrency on Linux.
4. TrustCloudMining
TrustCloudMining was founded in 2018 and has become a well-known cloud mining resource. The website offers three different hash power options: SHA-256, Ethash, and Equihash. Depending on what you choose, the type of currency that can be mined will vary.
For example, you can choose to mine BTC via SHA-256, but you can’t do that with Ethash or Equihash, so keep that in mind before making your choice. You will be able to see how much profit each retail power plan can generate on a daily, weekly and monthly basis so that you can see if a particular plan is right for you.
TrustCloudMining also offers 24/7 customer service for all your inquiries and does include some renewable energy that goes into their mining process, but that only makes up for a little bit of energy that is actually used.
5. IQ Mining
Established in 2016, IQ Mining is another cloud mining website which is quite reputable. There are a number of mining contracts available, some of which differ in hash rate, payment type, income amount, and price. The type of currency that can be mined also changes between contracts. Depending on demand, some contracts run out of stock every now and then, so keep that in mind if you have a particular contract type in mind.
IQ Mining also provides an Income Calculator so that you can see how much profit you can make each day, month and year and how much energy your mining contract requires. There’s also 24/7 customer support available, so you won’t be left in the dark if you run into any issues with your contract or payments. Check out the main factors that affect the value of a cryptocurrency.
Cloud mining is easy, but it has its risks
If you are interested in cloud mining, be aware of the risks involved, and make sure you choose a reputable and legitimate website before spending any money. Scammers are very prevalent in this field, and thousands of people have already been scammed. However, if you choose and contract with your service provider carefully, cloud mining can certainly become a valuable option for you. Who doesn’t love having a little extra side income? You can now check out the best cryptocurrency software wallets to store your cryptocurrency assets.