Cloud mining is a service of remote mining served by the hosts of cryptocurrency mining that carry interest to be the part of it for gaining returns or earning rewards. The complete infrastructure is a shared and accessible power processing system which lets miners to mine cryptocurrencies without the worry of setting up hardware and maintaining it.
Eliminating initial investments for mining is the major advantage that cloud mining serves. Also cloud mining allows miners to access it from anywhere in the world and maintenance costs fade away. The most viable factor in cloud mining is the hashing power, the energy needed for execute complex block on the blockchain, which could be a bought for a price.
Here is a list of the best 10 cloud mining companies with pros and cons, including commercial and open-source software.
1. Trustcloudmining
It was founded in 2017, and ever since its founding, it managed to place itself as the leader of the industry. Trustcloudmining is a reliable brand with modern equipment that receives the highest profits and is one of the most systematically capable cloud mining companies all around the globe.
Advantages
- BTC, ETH, & Zcash mining contracts
- Flexible contract
- Daily payments
Disadvantages
- The usage of green energy is just 30%
Additional Features
- The platform is relatively easy to use
- Choice of power of equipment stays in your hands
- Reliable Brand
- Solar energy is used for mining
- Support services are available 24/7
- Highest profit gainer in the industry
Stats
- Founded in 2017
- Supports Bitcoin, Ethereum, Zen, and others
- Price starts from $0.01 per 1 GH/s
- Fraud risk is low
2. ChickenFast
It was founded in 2015, a company that makes mining more accessible and easier for users. ChikenFast lets its customers optimize contracts at no extra charges, commissions, or hidden costs and provides extraordinarily simplified cryptocurrency mining, suitable for everyone, including ones with no equipment and zero skills.
Advantages
- BTC, ETH, and BCH mining contracts
- Simple procedures from start to finish
- Environmentally friendly mining
Additional Features
- High-tech unique design
- The most simple and straightforward mining process in the industry
- Support of an AI guide is served to select the best mining algorithms
- Customer support is available 24/7
- Highest profit margins
- Stats
- Founded in 2015
- Supports Bitcoin, Ethereum, Bitcoin Cash
- Price starts from $250
- Fraud risk is low
3. BeMine
It was founded in 2018, a company which allows its users to purchase and store equipment for mining without being actually present for transportation, purchasing, maintenance, installation and configuration of ASIC-miners. BeMine also lets you store your mining equipment in their shared data centres.
Advantages
- BTC, ETH and Zcash mining contracts
- The all-covering service covers crypto mining with financial and e-commerce projects
- Staying involved in it 24/7 isn’t ever needed
Disadvantages
- No free mining, high prices and little information on web
Additional Features
- Lowest prices on services in the industry
- Cloud contracts and miners could be bought
- $52 is the minimum purchase but is reduced with new models of miners
- Purchasing of ASIC-miner shares and delivering miner to your doorstep
Stats
- Founded in 2018
- Supports Bitcoin, Ethereum, Zcash
- A 3-day free trial period & paid plans
- Fraud risk is low
4. USDminer
It was founded in 2016 and is a great investment platform that allows users to store, mine, or multiply their investments. The team behind the USDminer leverages the volatile nature of cryptocurrencies to do so.
Additional Features
- Incredible amounts of profits comparatively
- $10 bonus for registration
- Daily fund withdrawal and detailed history of transactions
- It Lets users trade currency with zero maintenance fee
Stats
- Founded in 2018
- Supports Bitcoin, Ethereum, Tether, USD Coin, Litecoin, Ripple, Dash, Dogecoin
- Price starts from $10
- Fraud risk is low
5. CCG Mining
It was founded in 2016, a company that serves you to reach the highest levels of hash rate to escalate your profits. CCG Mining also lets its users trade cryptocurrencies such as Bitcoin, Ethereum, Zcash, and many more.
Additional Features
- Cryptocurrencies are kept safe using SSL
- No purchase limits
- It lets you create your own mining rig
- Customer support through email or Skype
Stats
- Founded in 2018
- Supports Bitcoin, Ethereum, Zcash, Bitcoin Cash, Monero, Litecoin
- Fraud risk is low
6. Freemining
It was founded in 2014, a platform open and accessible to all, which eliminates purchasing equipment. Freemining gets you started with mining straightaway by simply selecting the power and generating revenue.
Additional Features
- Mining starts right after registration
- Instant withdrawals
- Incentives on playing games
- Zero hidden charges
- All transactions carry transparency for the user
Stats
- Founded in 2014
- Supports Bitcoin, Dogecoin, Litecoin, Bitcoin Cash, Monero, Tron
- Fraud risk is low
7. Genesis Mining
It was founded in 2013, a company that provides several solutions related to mining. Genesis Mining also provides an effortless manner to mine cryptocurrencies, suitable for even those with no knowledge and zero experience.
Additional Features
- The platform has a user-friendly interface
- Provides fastest Bitcoin mining hardware at data centers
- Multiple cryptocurrency mining
- It gives timely outputs of mining to your wallet
Stats
- Founded in 2013
- Supports Bitcoin, Ethereum, Litecoin, Dash, Zcash, Monero
- Fraud risk is low
8. IQ Mining
It was founded in 2016, a platform that supports numerous payment methods such as Yandex money, credit card, and many more. The calculations concerning profit on IQ Mining are primarily based on the hardware involved in mining and the minimum cost of contract maintenance.
Additional Features
- The distribution of funds is automated via smart contracts
- Auto reinvest set up
- Daily fund withdrawal
- Flexible leverage
- 24/7 live support
Stats
- Founded in 2016
- Supports Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Monero, Dash
- Fraud risk is low
9. Awesomeminer
It was founded in 2014, a cloud mining service platform that shows you the temperature and status of all your FPGA and ASIC devices on a dashboard. Awesomeminer monitors everything from hashing power, fan speed to temperature and clock speed.
Additional Features
- Supports over 50 mining softwares
- Minimum downtime and maximum income
- Works with all ASIC devices
- Mining pools sets up in a click
Stats
- Founded in 2014
- Supports Bitcoin, Ethereum, Litecoin
- Fraud risk is low
10. Shamining
It was founded in 2018, a company that serves as a cloud mining platform that any non-technical user can use to start mining without hardware. Shamining also has a mining farm and lends miners for all to earn a profit.
Additional Features
- A most prominent platform allowing users to control miners from any device
- Environmentally friendly infrastructure with a feature to calculate your profit
- Compatible with every computer system
- Technical support available 24/7
Stats
- Founded in 2018
- Supports Bitcoin
- Price starts from $0.0120 per 1 GH/S
- Fraud risk is low