What is Cloud Mining? 3 Top Providers for Cloud Mining

Cloud Mining

Cloud Mining is a process for cryptocurrency mining utilizing a remote datacenter with shared processing power, this enables users to mine e cryptocurrencies without managing the hardware.

 The mining rigs are housed and maintained in a facility owned by the mining company and the customer simply needs to register and purchase mining contracts or shares.

Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.

There are many cloud mining Scams, you need to be careful with the company you chose for your contract.

3 Top Providers

1 -Hashflare

Hashflare is an Estonian Company, working on the market since 2014.

We consider the fraud risk with this company LOW.

Hashflare Pros:
  • Unlimited contract length
  • Immediate payout if hash power is purchased from Bitcoin
Hashflare Cons:
  • Maintenace fees for Bitcoin and Litecoin
  • Commision fees on Wire Transfer
Supported coins:

Bitcoin, Litecoin, Ethereum, Zcash, Dash

2- Genesis Mining

Genesis Mining is a Hong Kong Company, working on the market since 2013.

We consider the fraud risk with this company LOW.

Génesis Mining Pros
  • For security reasons they have several mining farms spread across various locations
  • Custom mining plans available
Génesis Mining Cons
  • Maintenance Fee on the SHA256 contracts
  • X11 and Ethereum contracts do not have a lifetime access, 2 years valid contracts only.
Supported coins:

Bitcoin, Unobtanium, Litecoin, Dash, Zetacoin, Monero, Startcoin, Dogecoin, Bitcoin Dark, Peercoin, Namecoin, Ethereum, ZCash, Ethereum Classic, CureCoin, Augur.

3-Miningrigrentals

Miningrigrentals is a USA Company located in New York, working on the market since 2014.

We consider the fraud risk with this company LOW.

Miningrigrentals Pros
  • P2P rigs can be rented from miners
  • Free pool selection
Miningrigrentals Cons
  • High fees
  • No fancy design
Supported coins:

Bitcoin, Litecoin, Dash, Zcash, Monero, Ethereum, Ethereum Classic, Auroracoin, Gridcoin, Blackcoin, Startcoin, Dogecoin, Peercoin, Namecoin, Vertcoin, NeosCoin, Blakecoin, Vivocoin, Trezarcoin, Desire, Innova, Myriad, Quarkcoin.

 

Please check also our other articles on  mining:

GeForce GTX 980

Geforce GTX 1080ti

ASIC mining Hardware

So did you learned about Cloud Mining and 3 Top Providers for Cloud Mining?Miningrigrentals, Génesis Mining, Hashflare, Supported coins …?

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