How to Get Best Cryptocurrency Mining Pool

Best Bitcoin Cloud Hashing Services 2020

1. Miphash

Miphash really does make it easy. After you have created your account, you simply select what type of contract you want (they are all 2 year.). The following cryptocurrencies can be mined on this platform, Bitcoin Services, Ethereum, Litecoin, Dash, Decred and Zcash,

Then you determine how much hash power to purchase and pay. Currently the cost $1 per GH/s.

They have a very transparent maintenance fee of $0.00021 Per Gh/s/day, and a price friendly contract which makes their mining contract much more affordable to anyone which would want to venture into the crypto cloud mining industry.

VISIT THEIR SITE HERE

2. Eobot

This is by far the best cloud mining solution. Eobot offers a solution unlike any other. With Eobot Cloud Mining you can purchase fractions of a cloud instance. Pay with PayPal or using cryptocurrencies, and mine a wide variety of cryptocurrencies such as LiteCoin, Ethereum, Bitcoin Cash, DogeCoin, Ripple, Dash, Golem, and Ethereum Classic to name a few.

For each cloud instance running SHA-256 you own you will get 1.0 gigahashes per second. This is the preferred one for Bitcoin due to its difficulty level. The Cloud Scrypt will get you 1.0 megahashes per second, which is more suitable for LiteCoin and other lower-difficulty coins.

Since you can start out small, this is a great choice for a beginner that just want to dip their toe into the jungle of Bitcoin mining. It’s easy to get started and you can start with as little as $10. You’ll receive mining updates every 60 seconds which makes it easy to keep track on your profits. They also offer a calculator on their website so that you easily can calculate the earnings per cloud instance.

VISIT THEIR SITE HERE

2. Hashflare

Hashflare is a well-known cloud mining provider that has operated since 2014. They offer a customizable pool mining solution, you can decide which pools you want to mine in to make the most money possible. With transparent fees and commissions, you can always keep track on how much you have actually made, with the fees included.

They, like most of the rest Bitcoin cloud mining providers they offer two types of mining; Scrypt and SHA-256. They also offer specific packages for those interesting in mining Ethereum, ZCash, and Dash. The pricing is easy to understand and comes at a competitive rate.

You will receive your first payout within 24 hours. This is great since you will quickly see your investment paying off, slowly but surely.

VISIT THEIR SITE HERE

3. Genesis Mining

With a simple-to-use interface and an easy way to get started mining Bitcoins, Genesis Mining is a great contestant as the best cloud mining provider. Genesis Mining is one of the oldest cloud mining providers and thus they have a lot of experience in the field. They are also the largest cloud bitcoin mining company which proves that they can handle a lot of volumes and still do it well.

You can allocate the hashpower you own to mine different coins at the same time. You can, therefore, use one instance to a variety of cryptocurrencies. This is not only fun and extremely easy to accomplish, it also diversifies the risk of the investment.

Genesis Mining offers different pricing packages based on what coin(s) you’re interested in mining as well as the amount of hashpower you want. They are a bit more expensive than others in the field, but their support and experience weight up for that.

VISIT THEIR SITE HERE

4. Hashing24

Hashing24 is a well-established cloud mining company since they have operated since 2012 and served thousands of satisfied customers since. Using modern ASICs from Bitfury they make sure that they are really using as efficient and powerful hardware as possible. They also guarantee 100% uptime, you will never have to lose sleep at night over downtime or errors, they don’t operate like that.

Their data centers are located in Georgia and Iceland. They make the calculations of expected ROI time-frame really easy by showing you all the numbers included beforehand. Keep in mind, though, as with all cloud mining companies, they cannot promise anything. But if everything goes as planned, the calculation is the estimated outcome.

Hashing24 is a highly recommended service. They know what they are doing and keep the user informed of the included fees. There is really nothing bad to say about them.

VISIT THEIR SITE HERE

5. Minergate

Minergate not only offers cloud mining but also mining software so that you easily can mine cryptocurrencies using your computer. As with the previously mentioned services Minergate also clearly shows you all included costs and potential profit calculations.

With 20,000+ happy users and a clean UI (user interface), Minergate is a great choice for a beginner. You can easily set the amount you want to invest per day and voilá, you’ve entered the world of crypto mining. They allow you to mine Bitcoin, Ethereum, and Monero.

VISIT THEIR SITE HERE

7. Hashnest

Operated by Bitmain, the ones behind the Antminer line, Hashnet offers excellent cloud mining contracts. Currently, they have over 600 Antminer S7s to rent out, and since it is owned by Bitmain, they can re-stock quickly in case of them running out of stock.

They have a special contract called PACMiC V5. PACMiC stands for "payback accelerated cloud mining contract", which means that it aims to cut down the payback time-frame a lot. We highly recommend using it since you will see a return on investment quicker using PACMIC V5 than traditional cloud mining contracts.

VISIT THEIR SITE HERE

8. NiceHash

This is more of a marketplace than a company selling cloud mining. Here you can meet sellers of mining capacity or if you want to sell capacity, you can connect with buyers here. The pros of this are that you can cancel at any time without a cancellation fee (you’re not locked into a contract) and that the rates can be a bit cheaper here than with data centers renting out space and maintenance service. The con of NiceHash is that you can only pay and get paid in Bitcoin or fiat as of now.

VISIT THEIR SITE HERE

Is Cloud Mining Profitable?

Yes, it currently is. The current mining hardware makes it profitable after a certain amount of time. We’ve included how fast each company claims that you will break-even (and after that, it is all profit), but somewhere along the lines of 12-16 months is usually the standard. This might seem like a long time but if you think about it – any business that breaks even within a time-frame of 12 months is doing something right.

It also highly depends on the price of Bitcoin. If the price of Bitcoin goes up, so will our total revenue do. The thing with cloud mining is also that you will need to invest a bit of money to really see some returns, the more you are able to invest on a monthly basis, the more money you will get back. Even though you will get the same ROI with $10/month as with $100/month, the latter will result in 10x the amount of money. However, you’ve invested way more using the latter.

For the majority of people, buying Bitcoin and trading it with other altcoins, or just hodling, will be way more lucrative than mining (unless you have free access to electricity and a good storage space).

Bitcoin Cloud Mining Scams History

Unfortunately, there are a lot of scams in the Bitcoin cloud mining industry. How come you may ask, well, it’s quite simple to set up a website nowadays and claim that the users will get X, Y, and Z. In reality, they might not have a facility or any hardware whatsoever.

Two big cases of cloud mining scams are HashOcean and Bitcoin Cloud Services, which got accused of running a $500,000 Bitcoin Mining Ponzi-scheme and have since shut down.

Cloud Mining Viruses

There are quite a bit of virus going around that infect computers and mines Bitcoin from that device. If you fear that this has happened to you if you have downloaded unsafe programs or Torrents, then please run a virus scan on your computer. The mining could be done in the background and unable to be found on the front-end of the computer. The mining will not only make your computer slower (using a lot of CPU) but also will cost you a lot due to high electricity bills.

Make sure to weekly or monthly run a virus scan to ensure that you are not affected by a virus. This is also important if you have an online wallet and don’t want to run under the risk of being hacked.

Edward T Thornton is one of the famous author and blogger he has been writing a blog from different industries like technology,skill, business etc.