Cloud mining …
… is the process of buying #hash power (CPU/GPU power) from #data #centers who use their own equipment to mine #cryptocurrencies.
The main #advantage of cloud mining is that you don’t need to have in-depth #knowledge of mining hardware, nor buy expensive #devices. #Renting ‘hash power’ also means you don’t have to deal with the #heat and #noise that comes with an own #DIY mining project.
Many of the cloud mining #companies either source their own e#quipment or build it cheaply and have placed their datacenters in #countries where #electricity is #cheap, passing the savings on to you.
We will explore six cloud mining #companies that we think are worth investing either because
- they have been on the market for a while or because
- they are promising candidates for the next level of cloud mining.
Established #providers are often simply too expensive and new rising #stars want to secure a place under the stars with good #conditions. You can use this and buy cheap. We show you where…
Rating of GenesisMining
Genesis Mining is the largest crypto cloud mining provider.
Genesis Mining offers Bitcoin Cloud Mining contracts. But they are very expensive.
In October 2018 they announced that thew will cancel all existing lifetime BTC contracts if the customers are not willing to pay all the fees. This brought them a massive load of negative reviews and a dramatic drop in the reliability.
They offer Ethereum, Litecoin, Dash and Zcash as well.
Rating of Hashflare
Hashflare offers various crypto mining contracts. In addition, ETH can also be mined. But Hashflare came into disrepute as mid-2018 all Bitcoin contracts were terminated with a deadline of a few days, since according to Hashflare’s statement due to high costs no profit for the company could be achieved. Mainly bevause of massive negative reports in the social networks as Twitter and facebook, Hashflare withdrew the layoffs shortly thereafter. This has deprived Hashflare of a huge amount of reputation, as many fear that they might do this again.
Rating of HashNest
Hashnest is powered by Bitmain, the maker of the famous Miner called “Antminer”. They rented more than 600 Antminer S7s in 2017. The current availability can be checked on their website.
Rating of Hashing24
Hashing24 has been dealing with BTC-Mining for several year now. They have facilities in Iceland and Georgia and are mainly using ASIC miners from BitFury.
Rating of UniversalMining
Universal Mining was founded in 2017. They are part of a Dubai based FinTech and could just about become a relevant international provider of hashpower as there´s no negative feedback known since their launch. They are currently pushing the market at high pressure. This makes it possible to buy very cheap and with an impressive ROI. Check them out on www.universalmining.io.
Rating of CCG Mining
CCG mining is a company that was launched in 2016, in a time in which crypt currency was in an urgent demand for a best Bitcoin experience. CCG C ells cloud contracts, as well as mining rigs. In addition to Bitcoin also has other services for a wide range of currencies.