More recently, a few years ago, cloud mining offered the cheapest form of mining for Bitcoins and other cryptocurrensets. At the moment though there is a wide range of mining processes, combined with the extreme instability of all cryptocurrencies translates into that but the most critical business ventures in the mines are likely to benefit all the time.
In addition the mining providers have always said that they will close customer accounts if cryptocurrency prices have not been profitable for some time. This can certainly protect miners from long-term losses, but it also raises the risk of short-term losses.
This is especially true if the time involved is short - for example, for some mining providers it can be 30 days, but for others it is as short as 10 days. Also note that in case your account is closed, it is a one-way trip, and there are no refunds.
Therefore, be very careful if you are attracted to mining cryptocurrency mines, because the first days of simple mining are gone, and now it is a very bad, and very determined business.
For those who are interested in cryptocurrencies, but want to stay away from the mines themselves, another option is simply to buy Bitcoin as an investment (see our guide on how to buy Bitcoins with Bitstamp). Without further ado, let’s get into our selection of the best cloud mining providers.
It is based in Armenia, and was established in 2017. It originated in the Free Economic Zone in Grazdan in Armenia to encourage the introduction of high technology, emphasizing AI technology and blockchain technology. In this special economic zone that offers a value-added tax and local tax for 25 years is ECOS Cloud Mining, an industrial cloud industrial center with a capacity of more than 200 MW.
Setting up is easy and you can start mining right away with Bitcoin. ECOS indicates that there is technical support available 24/7. There is also an open, timely payment system as it offers payments every 24 hours. Backup this makes it clear that anyone can join the ECOS group discussion of cloud mining, and ask questions of 15K + members.
Instead of having a few fixed programs, ECOS offers several variables available using a calculator, with adjustable variables. This includes an agreement period of up to 12 months to 50 months, with a service fee. For example, a 24-month contract with a service fee of $ 0.045 provides 5.43 TH / s of Hashrate mining power of $ 801, with a fixed return rate of more than 63%, assuming BTC has a value of $ 56,000 at a time. contract.
It was started back in 2013 by Bitmain, the world-renowned manufacturer of ASIC mining hardware. Bitmain also uses one of the juggernauts of existing mining ponds: Antpool. This, combined with photos of a few data centers on the Hashnest website, and claims to zero security incidents provide proof that the company is legal.
While Bitmain is based mainly in China, Hashnest owns mining farms around the world, in areas that benefit from low-cost electricity.
HashNest currently specializes in Mining Hardware, currently offering a selection of mines including Antiminer S17, S15 and Z11, as well as Whatsminer M21S and M20S.
Note that if your daily payment is less than the maintenance amount for the next 10 days, Hashnest will terminate your agreement. Also unfortunate is the fact that in terms of the HashNest agreement, once orders are placed they cannot be canceled or refunded.
Hashflare, built in 2015, is a service to Hashcoins, another Bitcoin mining machine maker that has been around since 2013. Its website offers a detailed immersion of the company's data center including images that provide assistance to approximately 2.5 million users.
Hashflare offers the opportunity to purchase hashpower for a variety of SHA-256 and Scrypt coins such as Bitcoin, Ethereum and ZCash. You are also free to choose your mining dam.
Hashflare is open about its maintenance fees, and varies with the type of money covered. For example, with Bitcoin, they are $ 0.0035 for every 10 GH / s of SHA-256 for automatic payments in Bitcoin, and costs $ 0.60 for 10 GH / s. Ethereum, ZCash and Dash contracts are not paid for maintenance. Your total payment will depend on the mining pool you have selected and how much power you have been allocated.
As of March 2021, Hashflare is showing that its contracts are "Expired" for new miners.