Cloud mining services are involved in
providing their resources to users for cryptocurrency mining. Customers receive
compute capacity for monthly, annual, or one-time payments.
This approach provides mining access to
those who cannot afford equipment on their premises. No need to pay big utility
bills or hear the sound of a cooler at home.
How does it work?
The company provides cloud mining
services, buys equipment independently, and locates it himself. These resources
are sold to users as part of online mining.
To start using any cloud mining
platform, you need to follow these basic steps:
- Create an account on a cloud mining site
- Buy Hashrate According to your needs
- Make a profit
- Withdraw your profit to your personal
wallet
How to choose a service from a cloud
mining site
This is a high-risk niche for your daily
income, but the income can be huge, which depends on many factors.
When choosing a cloud mining service,
you must pay attention to the following things:
- Availability to the public
- Total time on the market
- The opportunities that the company
offers
- The more hashing algorithms you can use,
the more reliable the service will be
- Input and output methods
- Mining contract time
- Input from specific mining services
Trusted Cloud Mining Site
The services mentioned below have proven
themselves to be reliable and are the most well known in the crypto community
so far.
Genesis Mining
Genesis-mining.com is an international
cloud mining service for Bitcoin and other cryptocurrencies: ETH, LTC, ZEC,
Monero, and DASH. The platform has mining fields, which are built in Iceland
and other cold countries, where the climate allows one not to spend a lot of
effort on cooling equipment, as well as where electricity is inexpensive, which
makes pricing policies very competitive and attractive to end users. .
HashFlare
The next Cloud Mining site is
hashflare.io, it has been operating since 2015 and eliminates constant
electricity, software, hardware monitoring, etc.
CryptoUniverse
The main aim of cryptouniverse.io is to
provide the most reliable set of technical capabilities that will allow anyone
to mine the cryptocurrency they want.
The company was registered on July 20,
2017, and representatives immediately went to China on a working visit to
contact reliable mining equipment manufacturers, such as Innosilicon, Bitmain,
Canaan, and Ebang.
Compared to other cloud mining services,
CryptoUniverse differs significantly. Company representatives put their service
reputation in one of the first places and offer only technically ready-made
equipment for efficient operation.
IQ Mining
Iqmining.com does its best and is
superior to other competitors in this field. Has been known to customers since
late 2016; even though the company has been in operation for less than 3 years,
it has become the most trusted choice in the cloud mining community.