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The 10 Best Safe Bitcoin Cloud Mining Sites

Safe Bitcoin Cloud Mining Sites

Mining cryptocurrency by DIY methods can be quite expensive. The DIY method means installing hardware, paying large electricity bills, and dealing with a huge amount of heat release due to infrastructure. Also, the strict regulation of the blockchain and mining process is no help either. All of this makes mining a difficult and not-so-cost effective process.

This is where cloud mining comes into play. With this, you will not have to install any hardware for mining. Instead, you can invest in the mining process through a third party.

Learn more about cloud mining and the trustworthy ten safe bitcoin cloud mining sites that are the most trusted.

What is cloud mining?

Miners are well-aware of the fact that mining cryptocurrency is not easy and not cheap. Setting up mining infrastructure can be quite costly, which may not balance the returns in the long term. To set off these disadvantages and give the miners a great opportunity to mine cryptocurrency easily, cloud mining was started.

Cloud mining is part of mining farms which are a data operation unit. Here, the third party has the infrastructural set-up required for mining crypto. The miners can buy the hashing power from them per their budget.

Now the simple objective of a cloud mining system is that the miners will buy hashing power, and in return, they will get cryptocurrency returns with their package. This means there’s no need to spend a huge amount of money on hardware and no need to spend hours trying to understand the blockchain restrictions and procedures, and it’s also not necessary to expend a large amount of energy to run this equipment. Simply pick the safe bitcoin cloud mining sites, and you are good to go.

As a cloud miner, you are an investor in the cryptocurrency mining operation, and in the end, you get a cut of the proceeds depending on the investment.

Many cloud miners should keep in mind that finding the right platform can be quite tricky. There are hundreds and thousands of platforms on the internet that allow you to invest in cryptocurrency mining. But the setback is that only a few of them tend to be legitimate. Many sites are fraudulent and can cause you to lose your money.

Therefore, you must choose safe bitcoin cloud mining sites that are safe and trusted by most people on the internet and in the cloud mining community.

Advantages and disadvantages of cloud mining

In every process related to cryptocurrency, there can be many advantages and disadvantages. Here are some pros and cons related to cloud mining:

Advantages

– No hardware: Using cloud mining means there are no requirements to install hardware and large equipment at home. This means that there’s no need to spend a lot of money on hardware for mining.

– No maintenance: If there is no large hardware, then there is no requirement to spend a lot of money on the equipment’s maintenance.

– No heat: Running large equipment for mining cryptocurrency can lead to the production of large amounts of heat; this can make your home hot. Cloud mining means no need to deal with higher temperatures, and there will be no noise coming from hardware as well.

– Less energy: Running such heavy equipment and hardware for mining means daily consumption of large amounts of energy. Also, while this hardware is run 24/7, this means the consumption can be quite magnanimous. But in cloud mining, you do not have to worry about energy consumption.

– Easy and quick: Lastly, using cloud mining means you do not have to invest a lot of time and effort to mine the cryptocurrency. You can simply sign up and invest in the mining operation to reap the daily benefits. This gives a better return on your investment as compared to the general mining process.

Disadvantages

– Volatile market: This particular disadvantage goes hand-in-hand with the cryptocurrency market. As the value of the cryptocurrency falls, the returns on cloud mining also drop significantly. Therefore, there is always a risk of not getting higher returns.

– Management cost: Every miner will have to pay a certain management cost for using cloud hardware and software. This cost is not included in the investment package of the returns. Every site tends to have its cost that you should be taking into account before signing up.

– Fraud risk: Another thing that makes cryptocurrency cloud mining a risky venture is the lack of knowledge regarding cloud mining sites. There are many sites out there, but only a few of them tend to be true and honest. Therefore, you should do proper research first.

Top 10 Safe Bitcoin Cloud Mining Sites

SHAMINING is a bitcoin cloud mining website that is designed in a way to help everyone start cryptocurrency mining with a small investment. This site allows everyone with and without any technical skills and knowledge to make profits through mining. Anyone can start mining since the website is safe and trusted.

The SHAMINING website was designed in 2018 by a group of experts in cryptocurrency and IT. The experts made sure that it was simple enough for every user. Behind the cloud service, there is a whole mining firm that is run through powerful computers. The cloud mining service is provided to users for a small fee. Paying this small fee is preferable for earning that profit from cryptocurrency trading rather than purchasing personal hardware that requires constant maintenance. The company has three data centers: Cape Town (South Africa), London (the United Kingdom), and San Jose (California).

Presently, the website has successfully attracted more than 8,000 different kinds of investors and is counted as one of the safe bitcoin cloud mining sites. These investors are happily earning profits daily. A minimum deposit of $50 is required to start mining, and there is a chance that the deposit can multiply up to 1.43 times with this website on average. One of the appealing factors about the SHAMINING website, apart from its simplicity, is animation and games that are a part of the mining process.

ECOS holds the title of being the first legal provider of cloud mining services in the Free Economic Zone in Armenia, so it’s one of the safe bitcoin cloud mining sites. The company saved and relieved the users from holding personal mining hardware to take advantage of cryptocurrency mining by providing this service. Such mining services save both costs and efforts but allow you to earn profits.

Since the website is based on the Free Economic Zone of Armenia, the company, founded in 2017, signed an agreement making the ECOS services official. The agreement was signed between the Government of Armenia and ECOS. Currently, the company holds a strong customer base of over 40,000 individual users residing worldwide. There are two head offices, one in Armenia and the other in Russia.

The company took the ease of these services a step ahead by launching a mobile application, making the usage even more convenient. Apart from cloud mining services, the company is expanding its horizon by starting DeFi (Decentralized Finance) services.

HashFlare.io is a website that is designed by the specialists and experts of the HashCoins in 2015. The website’s main purpose is to provide cloud mining services to crypto experts and enthusiasts, and common users with less IT and technical skills. The website showed such promising services that it came to be known as one of the largest hardware service providers that are needed for mining in just a short time. It mined Litecoin, Bitcoin, Ethereum, and many other digital currencies.

From 2016 onwards, HashFlare removed itself from HashCoins and became an independent firm, and with time, the company made sure to increase the equipment used for mining both in number and variety.

HashFlare.io is a website that is designed by the specialists and experts of the HashCoins in 2015. The website’s main purpose is to provide cloud mining services to crypto experts and enthusiasts, and common users with less IT and technical skills. The website showed such promising services that it came to be known as one of the largest hardware service providers that are needed for mining in just a short time. It mined Litecoin, Bitcoin, Ethereum, and many other digital currencies.

From 2016 onwards, HashFlare removed itself from HashCoins and became an independent firm, and with time, the company made sure to increase the equipment used for mining both in number and variety.

The HashFlare LP team makes sure that priority is given in making the mining services simpler so that they are accessible to every user, irrespective of their skill and knowledge level. With the help of many hardworking specialists, developers, and engineers of both the company and its partner companies, HashFlare has attracted a strong customer base of more than 25,000 users. It is easily one of the safest bitcoin cloud mining sites.

BeMine started in 2018 and provides mining services in Russia and CIS countries. Even though it is a much younger company compared to its competitors, it is a fast-growing firm. Within this short period, they became cloud sharing pioneers for AICS-miners. The company consists of experts and professionals who strongly support their understanding of blockchain technologies and trends. Because they hold such knowledge, BeMine announced that they would also start DeFi (Decentralized Finance) by the middle of 2021.

BeMine works to bring together data centers in Russia and the miners and individual investors worldwide through the common investment interest in cryptocurrencies. Different miners are free to store their hardware and equipment in a data center partnered with BeMine. The entire purchase, transportation, and equipment installation can be carried on without their presence for the individual users. Even after that, full maintenance of the ASIC will be done by the firm.  

The firm also provides an alternative for users who do not want to purchase an entire ASIC miner. Instead, they can buy the shares at a reasonable price. Irrespective of its less experience in terms of operating years, it has become an organization with a strong customer base, making it reliable and a recommended cloud mining website.

The provider of Bitcoin Pool is Bitcoin.com. This site’s main goal is to provide a cloud mining service that is best among all of its competitors among other safe bitcoin cloud mining sites. To become better than other cloud mining sites, it makes mining easy to use and set-up. Through its advertisements, Bitcoin promises to deliver a soaring PPS (Pay Per Share) pool all over the world and a 98 percent block reward.

Its easy set-up feature allows the users to instantaneously begin with mining, either through Bitcoin Core (BTC) or Bitcoin Cash (BCH), whichever deems to be profitable from the users’ perspective. Apart from set-up and use, Bitcoin makes the whole monitoring process also very efficient. You can simply download the mobile application, which is available on both iOS and Android platforms. So with one tap, you can easily track the account whenever and as many times as you want.

This cryptocurrency mining website has been in operation since 2013 and is a US-based company. It makes mining easy and inexpensive. This website can mine and trade cryptocurrencies such as Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, Bitcoin, Ripple, Dogecoin, Tron, Dash, Cardano, NEM, Curecoin, Zcash, Monero, STEEM, TEZOS, STELLAR, Bytecoin, etc.

Eobot.com is the easiest way to trade and mine cryptocurrency. All you need to do is sign up with the software after downloading it. Both the sign-up and downloading process is free for the user. As soon as the sign-up is finished, you can start mining; there is no need to wait for days to learn the configuration because it is that easy. The Eobot cloud will use your computer power to solve mathematical operations for cryptocurrency mining. But during this process, the user does not need to worry about data being leaked or any illegal and unsafe activities.

Besides mining, by using Eobot cloud mining or personal hardware, the software allows cryptocurrency mining based on both Scrypt and SHA-256 algorithms, and the trading and mining results will be on a real-time basis.

IQ Mining was founded in 2016 by a talented team of specialists and experts in IT engineering and blockchain programming. The team consists of individuals who have their scientific disciplines, but what makes them a strong team is their common faith and belief in cryptocurrencies.

The mining techniques used by this project website are both smart and available at affordable and reasonable prices. This site’s mining contracts, among other safe bitcoin cloud mining sites, ranging from one year to a lifetime, and it covers cloud mining for all the popular cryptocurrencies. The chances of profitability through this mining website are quite high. It also presents an onsite calculator where the users can calculate their yield. The sign-up process is simple and once complete, the users will be provided with their accounts that specify their funds and current capacity. 

Apart from an easy sign-up, the contract maintenance charges are also very low. IQ Mining uses very efficient and effective mining hardware and offers payments in Bitcoin every day based on the user’s purchase of MH/s power. The popular cryptocurrency contracts supported by IQ Mining are BCH, Bitcoin, ETH, LTC, XMR, XRP, DASH, and many others.

Hashing24 has been in the crypto mining operations since 2012 and is constantly trying to better its services and explore new cryptocurrency market aspects. The cloud mining service was created by a group of experts and professionals who have a common goal to make a mining platform that is easy so that every interested individual can take part in cryptocurrency mining. The cloud mining platform believes that the benefit and profits of cryptocurrency should be available to all. Every interested party should have access to large-scale industry-level data centers through their smartphones and laptops and the other newest technologies in the crypto market.

Hasing24 makes sure to stay vigilant about their leading competitors and identify the innovations and implement them as soon as possible for their users. While choosing the hardware and data centers, only the best is chosen, and in case of an issue, Hashing24 holds the partners responsible. Along with this, while getting partners, proper evaluation is held to ensure that the best capacity and speed are provided to the users.

All these are done just to make sure that the users of Hashing24 have a good experience in mining and that they can take advantage of every possible opportunity. The company also cooperates with other mining companies, making it one of the most trusted safe bitcoin cloud mining sites. The initial mining power supplier for Hashing24 is BitFury, the industry’s leader.

This cloud mining company started in 2013 and became one of the leading companies in the mining industry. The founders of the company came together because of their same target for building their farm. They got introduced to each other through a trading platform that they used for selling and buying Bitcoin. Their mutual fascination for cryptocurrency technology got them to realize that they all wanted the same thing. So, they all got together to put their plan into action, and that was when the first mining service farm was built in Eastern Europe.

From the time of the company’s foundation, they worked together to grow this idea but always had a common belief-the belief in the growing digital currency community and its profitable future.

With this belief, Genesis Mining presently has become a leading provider of hash power globally and offers a wide range of capacity. They avail suitable capacity for newcomers, large-scale investors, and also for home miners. This capacity range is there to fulfill their mission of making cryptocurrency available for all, quickly and easily.

By using the latest cloud mining technology, Genesis Mining has successfully attracted over 20,000 users. Genesis Mining exists to make the whole mining process and experience rewarding without charging any pool fees.

Hashnest is known to be one of the earliest companies that started providing the services of cloud mining. It was incorporated in 2013 by Bitmain and is known as one of the safe bitcoin cloud mining sites. It quickly earned the title of a trustworthy service provider with more than 40,000 users worldwide to support this statement.

Currently, you can use Hashnest to mine cryptocurrencies such as Litecoin, Dash, Bitcoin, and Zcash. Shortly, it plans to support mining in many other cryptocurrencies. Regarding the mining contracts it provides, the range goes up to a lifetime or as long as the cryptocurrency market persists. Such lifetime contracts are best for users who want to continue crypto mining for a long time, and such long-term contracts also mean more opportunities to make profits.

One of the features of Hashnest that sets it apart is that it allows the users to easily and freely trade in hash rates in the market created by Hashnest. Every distinctive hash rate is traded in its market. The trading market provided by Hashnest is best for users and investors who prefer small and steady beginnings in the trading world or for users who want to earn some extra income through trading off their hash rates.

Choosing a cloud mining site

When choosing safe bitcoin cloud mining sites, several things should be considered. These factors and features will help in making the right choice. Remember that making the right choice means higher and stable returns on the investment and less added cost, and no apparent risk of fraudulence and scamming.

Supported cryptocurrency

When it comes to cloud mining sites, there are many out there on the internet, but not every site supports every cryptocurrency. Therefore, you should first check what coins are supported by the site before signing up. If the coin you need to mine is not supported, you should first buy the coins and then sign up.

Track record

Next, you should check all the information available on the internet about the domain. Usually, the cloud mining domains are not regulated by any association, which is why you should be highly careful of picking one. Always check the related stats and the date of initiation of the domain to know how long it has been operational.

Physical mining equipment

You should check the physical presence of the mining equipment in the safe bitcoin cloud mining sites. Always check where the mining equipment and infrastructure are located. A country that has cheaper electricity prices is always a better choice. Lower prices mean less electricity bills, and that means you can earn more and pay less. Also, the hardware should be updated daily to make sure the latest features are added, and more benefits can be reaped.

Fees

Every site has its fees for cloud mining. These charges can vary from domain to domain. Therefore, you should check the charges and see if there are any hidden fees. More fees mean more percentages to be given from the final rewards earned.

Conclusion

Cloud mining is a big deal today because it allows you to use hash power for mining coins without installing expensive and hassling equipment and hardware. Simply sign up and use the hash power based on the investment amount. All of this reduces the work, energy consumption, and overall bill. Therefore, this significantly increases the return on investment.

You can simply sit back, invest in a cloud mining domain and earn rewards daily. The only thing that does make a difference is to choose the safe bitcoin cloud mining sites that are legitimate and have a good track record. Therefore, you must perform proper checks and research on the domain before signing up to avoid risks.

– If you are looking for FREE Cloud Mining Sites, you can check this article HERE

Disclosure: Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.