Top 5 cloud mining platforms to mine Bitcoin!

By Stan Peterson
Published July 26, 2021 Updated July 26, 2021
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Top 5 cloud mining platforms to mine Bitcoin!

By Stan Peterson
Published July 26, 2021 Updated July 26, 2021

The cryptocurrency mining industry reached new levels with Bitcoin’s bullish price movements that went for quite a few months. During that time, Bitcoin mining gained a lot of attraction from people around the world who wanted to have even just a piece of Bitcoin. As time goes by, mining is becoming a highly speculative investment but it undeniably offers a cost-effective way to own a cryptocurrency, not only Bitcoin. The mining industry leaders US and China currently own the majority of crypto mining projects that utilise some of the most advanced mining rigs. But unfortunately, as time goes by and the mining difficulty increase, old-fashioned has become too expensive and hard to maintain.

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But there are alternatives in the mining industry in the form of cloud mining providers. By paying considerably small fees users can avail mining capacity of a chosen hardware in a particular data centre owned by these cloud mining companies.

Below we present a glimpse of leading and most profitable cloud mining projects:

  1. Shamining

There are several cloud mining providers available online that offer a unique way to partake in cryptocurrency mining without owning a mining rig. Cloud mining is a portable and convenient way to profit from crypto mining these days when mining rigs are quite expensive. Shamining is one such cloud mining project that mines Bitcoin without any hassles on behalf of its client. Through this platform, people living in any part of the world who have limited or no knowledge about Bitcoin mining can make a profit by choosing a miner that fits their budget and let it mine for as long as they want.

Shamining has been in the business since 2018 according to its website and currently operates three data centres situated in London, Cape Town, and San Jose. Thousands of investors have been using their online platform in return for daily profits.
They also provide 37% bonus on the first deposit!

  1. Eobot

Eobot is not a new name in this industry as it has been providing cloud mining services since the year 2013. It is a registered company based in California, United States but nothing is known of the team behind this operational company. The official website has the detailed information required to start cloud-based mining through Eobot but there are no photos or office addresses available. Like many other cloud mining projects, Eobot also provides mining contracts for a certain duration that ranges between 24 hours to 10 years.

Before signing up for its services, potential clients can estimate the fee through an online calculator available on the website. It also shows daily profit in exchange for the hash power they choose to purchase from Eobot. Anyone can buy cloud-based mining contracts from this provider via Bitcoin, USD credit card, or even e-pay. But it is recommended to research the site thoroughly before involving anything related to crypto.

  1. Nicehash

Marko Kobal and Matjaž Škorjanc founded NiceHash in Maribor, Slovenia in the year 2014. This hash power broker marketplace is one of the largest of its kind. People can buy or sell computing power to start mining cryptocurrencies directly through the NiceHash service. Unlike the aforementioned mining projects, this service also supports crypto trading. Since NiceHash caters to different kinds of customers (such as traders, hash power buyers, and sellers), their service has expanded over the years.

Though NiceHash does not offer cloud mining solutions the technology used can run and solve various cryptocurrency Proof-of-Work hashing algorithms. NiceHash supports the cryptocurrency ecosystem by indirectly contributing to a new coin creation and transaction validation process.

  1. Hashflare

Hashflare is another successful multi-cryptocurrency cloud mining project that some enthusiasts prefer to use. It is a long-time player in this sector and has been available to clients since the year 2015. Hashflare is a subsidiary of the Bitcoin mining equipment manufacturer, Hashcoin. Owing to Hashcoin, this provider has a fleet of top-quality mining hardware located in a data centre. Around 2.5 million users prefer this service to buy hash power of different types of SHA-256 and Scrypt-based cryptocurrencies such as Ethereum and Zcash.

Hashflare is also known for its feature that allows one to choose their mining pool based on their preferences entirely. You will find this service to be extremely transparent about their fees and other payment-related information but the only cause of worry about Hashflare is its consistent downtime. A few months ago, mining contracts went out of stock for new customers, and currently, their website is under maintenance.

  1. Genesis Mining

This company has been providing a trustworthy, quick, and convenient investment since 2013 in the form of bitcoin mining contracts. Genesis mining caters to mining enthusiasts across the globe through their website. It is one of the largest hash power providers for not only Bitcoin but also various altcoins also. So if you are looking for a reputed hash power provider which allows you to diversify and decrease the risk of investment then Genesis mining should be your first choice.

Upon accessing their website, one can get familiarised with different mining contracts packages and their pricing details. Though it may seem a little expensive this provider offers great ROI and support.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Stan Peterson
337 Articles
Being an active participant in the Blockchain world, I always look forward to engage with opportunities where I could share my love towards digital transformation.

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