Best Bitcoin Cloud Mining. Differences Between Them

Review some of the best Cloud Mining Contracts and compare them

What is Bitcoin Cloud Mining?

Cloud mining is also called cloud hashing allows customers to buy mining capacity of the equipment in data centers. Cloud mining was invented to allow people to earn Bitcoins without using the equipment, software, expenses on electricity, and other details that are usually needed for a standard way of mining.

The outlet of Bitcoin power from its own equipment is stored in data centers. So, people can buy it by using the Bitcoin cloud mining process. This process is very easy and helps customers to avoid all complications that are usually met when searching for coins by using electricity. The process is happening remotely in the cloud which makes the process of mining simple.

Benefits of using Bitcoin Cloud Mining

Review some of the advantages you get when decide to use Cloud mining over a standard way of finding bitcoins:

• No excess heat that you have to deal with
• No spendings on electricity
• Quiet operation (no fans working)
• No necessity to sell Bitcoin equipment if Bitcoin mining processes stop
• No special equipment needed

Shortcuts of Bitcoin Cloud Mining

• High risk of fraud
• Unverified cloud mining operations
• Lower income
• The possibility for contracts to stop if the value of coins is too high
• Inability to own the equipment for
• Inability to change the software

The list of best services for Cloud Mining

Take a look at the list of the services that can offer you this very option. There were a lot of scam services, so please take notice that this information does not confirm the services but should be considered as Bitcoin Cloud Mining comparison.

• Hashflare
  This service allows to mine SHA-256 and other profitable coins. All automatic payouts will be held in BTC. There is a specific rule – the customers should but minimum 10 GH/s.
• Genesis mining
  This service is considered one of the biggest provider of scrypt. It provides three cloud mining plans for fair prices that will allow customers to select the service over others and get coins with their help. Also, the service offers contracts for mining Zcash.
• Hashing 24
  This service has been known since 2012 when it started to search for Bitcoins. The service has objects in Georgia and Iceland. Their strategy is to use modern chips ASIC from BitFury, providing maximum effectiveness and maintenance.
• Minex
  One of the latest organizations that offered cloud mining for Bitcoin can be called an innovator because it provides different blockchain products that are offered in the format of economic simulation. If you choose to use the company, you will have to buy Cloudpacks that can be used for creating the index from pre-picked sets of cloud mining farms, lotteries, casinos, real markets, etc.
• Minegrate
  The service offers its customers a mining pool and cloud mining services for the digital currency.
• Hashnest
  The service is provided by Bitmain, the producer of Bitcoin miners. At the moment, the service has more than 600 Antmonet S7s each $1,200 offer its customers. The service has its own website where you can find more about their offers and check the prices.
• NiceHash
  A unique service which works is built on using an orderbook to match contracts between sellers and buyers.
• MineOnCloud
  Another trustful service that can rent you 35 TH/s of mining equipment out. Some of the miners that are also offered for rent are Antminer S4s and S5s.
• Eobot
  The service provides the chance to start cloud mining with only $10 and guarantees that the buyers can break within a year.
• Bitcoin cloud mining
  At the moment, all contracts are sold.

The list of the best contracts for cloud mining

The contracts that belong to cloud mining are often sold for bitcoins on a hash basis during a fixed time frame. There are certain factors that affect the profit of the contract, on Bitcoin mining development. The main aspect is the cost of coins.

All contact vary from one hour to a couple of years. The main factor that is not told to the seller and the buyer is a difficult system’s work of the Bitcoin organization. However, it has a crucial effect on Bitcoin cloud hashing contracts income.

Bitcoin network has a big difficulty with blocks. Valid blocks should have the hash that is lower than the target. Mining pools also have certain limits that are spread on pool share. Therefore, sometimes the network may go through difficulties because it is not easy to find the hash that will be lower than the target. The system experiences breaks every two weeks.

The most effective Litecoin cloud mining services

There are also Litecoin cloud mining services, however, they offer limited features. Review the contract that allows you to buy litecoins. However, if none of the below-mentioned services and their offers match your requirements, then convert your litecoins into bitcoins.

Take a look at some of the reviews about litecoins services:

• Hashflar
  The minimum purchase you can do using this service is 1 MH/s. The service provides scrypt mining contracts for its customers.
• Genesis Mining
  Here you will find Litecoin mining contracts, with various options and prices.
• Minex
  This service is the innovator because it offers various blockchain products that are offered in the format of economic simulation. If you decide to use the service, you will have to purchase Cloudpacks that can be used for creating the index from pre-picked sets of cloud mining farms, casinos, real markets, etc.
• Minegrate
  The service offers its customers a mining pool and cloud mining services for Bitcoin.
• Eobot
  This service will provide you the contract that offers cloud mining with 0,0071 litecoins payoffs every single month.

The best dark coin cloud mining companies

There is only one organization that provides the customer’s dash cloud digging. Therefore, the options are restricted which can be a shortcut for the customers who want to mine dark coins.

• Genesis Mining
  This very service can definitely be called the biggest and one of the most prosperous and promising cloud mining solutions. The service offers three options of Dash X11 that can be bought for reasonable prices.

If this service does not meet your expectations, you can turn your dark coins into bitcoins.

The best Ether cloud mining companies

Ether services also have limited features. Still, there are some options that will offer you contracts to buy the coins:

• Hashflare
  The service offers decent and different options for customers who want to buy ether coins. You will find reasonable prices as well.
• Genesis Mining
  The largest and the most reliable service will offer you reasonable prices for Ethereum contracts.
• Minex
  The service is called the innovator because it provides various blockchain products that are offered in the format of economic simulation. If you decide to use the service, you will have to purchase Cloudpacks that can be used for making up the index from picked sets of cloud mining markets.
• Eobot
  This company will offer you cloud mining with 0,0060 ether coins payout every single month.

Like at other services you can exchange your ether coins into bitcoins if you no longer want to use Ether cloud mining service. Also, you will find out how to mine ether coins with the help of Amazon cloud server.

What you should know about Bitcoin cloud mining fraud

There were some Bitcoin cloud mining scam services as well. One of them was called Ponzi scheme. The program was created for Bitcoin but soon was revealed. The buyers who want to purchase coins should be very careful and check every aspect of the contract. It is significant to read and check every contract for its trustworthiness.

Here are some of the fraud companies that you should know and remember the names to avoid them and spread information about them to warn your friends and people who think of purchasing contracts from them:

• Scrypt.cc
  This service allows buying KHS within a few seconds. All processes start too fast that a customer cannot understand anything. However, it says that all information about KHashes is stored in two safe data centers.
• PB Mining (Piggyback Mining)
  The service says that they use ASIC equipment. Also, the service suggests that once customers buy an agreement, then they will start collecting coins immediately. The organization covers all expenses on electricity and mining pools operation. They also promise that the mining contract is insured 100%. This is the way to attract customers and rush them to buy their scam contract.
• BCS (Bitcoin cloud services)
  The service had Ponzi scam for $500,000.
• Zeushash
  This service halted payouts.
• Bitminer.io
  The service also has payouts stopped.

Check the list of companies that provide cryptocurrency:

• Hashflare
  This is an Estonian cloud mine-worker with a lot of options such as scrypt, SHA-256 and others which are called the most trustful on the market.
• Genesis Mining
  This one is considered the biggest scrypt cloud mining provider for Bitcoin.
• Hashing 24
  The service has joined Bitcoin back in 2012. It has got objects in Georgia and Iceland. They use up-to-date equipment and ensures a great maintenance.
• Minex
  The service uses a special aggregator that gives various blockchain products. If you decide to use the service, you will have to buy Cloudpacks that can be used for creating the index from pre-picked sets real markets.
• MinerGate
  This is a mining pool that provides the opportunity to dig for different coins while mining on the pool that belongs to the company. This process will not interfere with the main coin’s hash rate.
• Hashnest
  The service is provided by Bitmain. At the moment, the service has more than 600 Antmonet S7s to offer its customers. The service has its own website where you can find more about their offers and check the prices.
• NiceHash
  The company offers you to sell and purchase the hashing power. To do it is as simple as uniting your mine-worker with their pools. Here you will be able to use the majority of coins that are based on SHA-256. Scrypt, Scrypt-N, and X11.
• Eobot
  The company calls itself the easiest and the cheapest one for those who look for smart solutions. Every customer can pay with $10 through PayPal and pick between any cryptocurrency.
• MineOnCloud
  This company has a special equipment that started operating back in 2013. The organization proposes contacts for trading bitcoins for SHA-256. They will offer you two contracts for mining- one day pass and an annual pass. The customers who buy coins here will be able to choose the pool for mining and chance it every single year if they choose an annual contract.
• Scrypt.cc
  This service allows buying KHS within a few seconds. All processes start too fast that a customer cannot understand anything. However, it says that all information about KHashes is stored in two safe data centers.
• PB Mining (Piggyback Mining)
  The company use ASIC equipment. Also, the service suggests that once customers buy a contract for Bitcoin, then they will start collection coins very soon. The service covers all expenses on electricity and all Bitcoin expenses for mining pools. They also guarantees that the mining contract is insured. This is the way to attract customers and rush them to buy their scam contract.
• Bitcoin Cloud Mining
  Most of the service’s mine-workers are located in central Australia and have an access to a reliable equipment and all round clock support.
• Zeushash
  This service halted payouts.
• Bitminer.io
  The service also has payouts halted. This information is based on reports from the users of the company.
• BCS (Bitcoin cloud services)
  The service had Ponzi scam for $500,000.

So, now you know more about cloud mining services and can choose what suits best your requirements and budget. Hopefully, this information will be useful for you and you will find an effective way to use Bitcoin cloud mining.