Last updated June 13, 2017 Want to find the best Bitcoin cloud mining contracts? This post has you covered. Most Bitcoin Cloud Mining Companies are Scams Like the heading says, most cloud mining contracts are scams. Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually owning any hardware. So remember: 99% of cloud mining companies are scams. Which Companies Are Not Scams? There is only one cloud mining company we are willing to recommend on this site:. Just because they are not scams, however, does not mean that you will make a profit by buying contracts. Note: You need a wallet to receive payouts to. Link: BitFire Mining provides Bitcoin, Zcash and Ethereum cloud mining to users. A secure hardware wallet like the is a good option. Genesis Mining Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. You can read more about Genesis Mining on their. Offers three different Bitcoin mining cloud contracts. All plans are paid with a one time payment and are lifetime contracts: Gold: 100 GH/s plan that costs $19. Platinum: 2,000 GH/s plan that costs $340. Diamond: 10,000 GH/s plan that costs $1,600. Is Cloud Mining Profitable? It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all. You will get more bitcoins for your buck if you just! If you think mining is cool and want to try, then cloud mining still is not a good option. Grab a and run it at home. Just Want Bitcoins? If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Get $10 worth of free bitcoins when you buy $100 or more. Bitcoin Cloud Mining Comparison There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above. But check back in to see if we find any new, legit cloud mining companies. Bitcoin Cloud Mining Scams History The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website. Once the website is setup it can claim that the company has a large mining facility. The company can act legit by sending initial payments to its customers. But after that it can just keep the already received payments for hash power and then make no further payments. In just the last few months, two cloud mining scams were uncovered: and. What Payment Methods do Cloud Mining Companies Accept? Most cloud mining companies accept Bitcoin, PayPal, and. If a cloud mining company accepts bitcoins then there is a good chance it is a scam. This is because Bitcoin payments cannot be reversed. Once the scam company receives your bitcoin payment you have no way to get your coins back. • • • • • • • • • • • • Are there Free Cloud Mining Trials? No company would give away free cloud mining; this is basically giving away free money. Any company offering free trials, especially if they require payment information, is most likely a scam. How does Bitcoin Cloud Mining Work? Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse. You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased. Cloud Mining Viruses There that land on computers and then use the computers’ power to mine bitcoins. Run a malware detector on your computer if you think you may have come under attack. Just buy Bitcoins! If you just want bitcoins, don’t bother with cloud mining. Cloud mining is a business concept that allows users to buy a share of mining power of the hardware placed in remote data centers. Everybody can earn extra revenue with little risk and frequent payouts. Ether as a currency is the fuel for the Ethereum project and therefore an essential part of this smart-contracts platform. If you want to invest in Ethereum mining without the hassle of managing your hardware and software, cloud mining is currently the best option. It offers a unique opportunity for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve maintenance and configuration of specialized hardware. Best Ethereum cloud mining providers • has been involved with cryptocurrencies since the inception of Bitcoin and has years of experience in the field of mining cryptocurrencies. This Estonian company is now also offering Ethereum mining plans with no maintenance fees. Also, the minimum order amount and the hash rate is very low (100 KH/s with the price of 2.2 USD), so you can start with low investment and see how it goes. Use Hashflare discount code 2018 HF17QWL22TR4 for a 4% discount (over 1000$ only). • is the largest and most trusted Bitcoin cloud mining provider in the world, now also running Ethereum mining plans. They provide all the information about their services, they are actively involved in the community and they even have a live stream of their mining farms. If you sign up through link, you will get a discount on existing Ethereum mining prices. 3% discount code: zKcyxP We have mining contracts with these three mining companies and as long as they are on this list above, they pay every day and are reliable! Is Ethereum cloud mining profitable? Mining profitability depends on a few different factors, related to cloud mining the most important two are Ethereum market price and of course cloud mining price. In general, you just need to compare how much you pay to rent the hardware and how much coins you get in return. Calculators give you an estimate of your projected profit. However, they can not 100% predict the future, especially not the Ether price. Some cloud mining providers already give you an estimate of return on investment with their pricing and costs data already filled in, so please check individual providers websites. Update on Ethereum cloud mining profitability – January 8, 2018 Our mining plan at has 25 MH/s mining power and gives us 3.4 US$ daily (ETH price stands at 1100$ and there are no maintenance or electricity fees). Currently, you pay for the same contract 550$. If Ether price and difficulty stay the same, payback time for this cloud mining plan is less than 6 months. As a contract lasts a year, you are 6 months in profit. Plan has a payback period of 10 months, but as they sell two-year contracts, last 14 months of mining is your profit. With your payback will be a bit sooner. How to start cloud mining? First, join the cloud mining pool by simply buying shares online. You need to choose a plan, pay for it and you will start mining immediately after purchase. By signing Ethereum mining contract, your provider will take care of all mining tasks, maintenance, and upkeep while you just sit back and receive your share of mined coins. With Ethereum cloud mining services, there is no need for your mining computer, no need for high electricity bills, no dealing with software and installation trouble and no mining knowledge is required. Buying a cloud mining hash power takes care of all this for you. You will receive daily or weekly payouts to your Ethereum wallet address (it depends on the plan, but usually payouts are done daily). You need to pay in advance for hashing power and contracts often come in the form of a 1-year contract or unlimited (until mining with rented hardware is profitable). The only thing to keep eyes on is the current Ethereum value, so that you stay in profit and that you do not pay more for hashing power than you get out of Ethereum production. If you do not own a lot of hardware, we believe cloud mining is the best option to generate Ethereum as a digital currency. Cloud mining also allows users to form pools where their joint efforts are rewarded with greater income, compared to mining with individual hardware. We recommend Hashflare We want to give you a few more details about Ethereum mining plans (ETHASH). This is a real Ether mining plan, the fuel for the Ethereum project. As contracts last for a year, and there are no maintenance fees. You can purchase Ethereum mining contract by Bitcoin, wire transfer, credit card and alternative payment methods such as Webmoney and Payeer. They also have regular promotions, where their customers receive automatic upgrades or promo codes to have percentages added to their hashpower, or to have percentages off of their contract price. Watch your email after a signup (you may also use HF17PLUSBTC3 discount code for an immediate 3% discount). At Hashflare you can also mine Bitcoin and a few other crypto-coins. Save some money with when buying cloud mining services. Genesis mining and Hashflare promo codes / vouchers included. Cloud mining issues with Bitcoin You are probably aware that Bitcoin cloud mining had a few issues in the past. There were a lot of companies that were deceptive. They pretended to have mining facilities, often taking photos from other providers and claiming them as their own, but in reality, they did not own anything, and they just took your money. Cloud mining providers often disappeared with your Bitcoins (we already lost some money when we tested various cloud mining providers for our readers). Ethereum is newer altcoin, and there are only a few providers on the market so far. Ethereum market is more transparent compared to Bitcoin’s market. However, we have to be awake as scamming companies will appear sooner or later. Other Ethereum cloud mining providers Some are untested, please use at your own risk. • – they offer Ethereum Lifetime Contracts with weekly payouts. They own two data centers build up especially for the purpose of cryptocurrency mining. And since year 2015 they are offering mining contracts with a guaranteed return on investment. • – hashpower marketplace to buy or sell hashing power without contracts. • – owns 3 of China’s largest mining farms with low-cost electricity. It provides stable and profitable cloud mining services. Ethereum mining is done with PandaMiner B3 Plus. Update: back in stock [2017-11-08]. • – the first hashpower provider in France. • supports mining for Ethereum and advertises itself as the easiest, cheapest, and best way to mine it. You can mine and hash cryptocurrency with cloud mining, or you can use any CPU or GPU for any coin, SHA-256 or scrypt with immediate mining results. The good thing about Eobot is that sometimes you can pay with PayPal, but you will have to wait longer for your coins to arrive if you pay this way. Related • Our research on and not keep the profit for themselves might answer a few common questions. • Interested in? • Our overview. • & mining information. • Want to mine on your own, but not with your hardware? Guide to cloud Web services EC2. • has done a great job by comparing profitability of various mining plans. • If you are serious about Ethereum mining, you should often visit. • – new company, offering mostly 2-year proftable cloud mining contracts. Update on Crypterra: Looks like they are a scam, the website disappeared and SSL certificate was revoked. We were paid the last time on january 20, 2018. Before adding them to our website we did a lot of emailing with them and somehow they convinced us that they are a legit company. We also received regular payments. For more detalis you can contact us [2018-01-25].
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