With the rise of Bitcoin and other cryptocurrencies, the Bitcoin mining business continues to explode. Many people have been opting to start their own mining operations by purchasing ASIC machines and GPU’s. With sustaining your own mining operation, you need to purchase equipment, have a maintenance plan, deal with environmental factors, and worry about electricity cost.
Because of the above-mentioned factors, most opt for an alternate solution instead of mining at home. This is where cloud mining comes into play. Many companies have risen to fill in that void to provide users with an easier solution to generating a passive income with Bitcoin, minus the extra cost and headache.
Because cloud mining is popular all over the world, many companies have risen to the surface. Some of those companies are legit, while others scam users out of their hard-earned money. Below we provide a list of websites that have a proven track record of reliability, sustainability, and security.
There are two things you need to keep in mind before ever investing is to 1) do your own research on the company and 2) invest only what you can afford. We are not financial advisers, this is for educational purposes only.
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Cloud Mining Companies
Dualmine
Update on Dualmine. This company has had trouble in recent times paying it customers. The only way to withdraw your profits is through their proprietary token called CRT. The most you will be able to withdraw is about $4 a month. If your understand the risks, proceed with the following below.
A cloud mining company that is based out of London, England. Based on their website, they started their operation in 2018. Not only can you mine Bitcoin, but you can also mine and profit from other cryptocurrencies such as ETH, CRT, LTC, BCH, DASH, DOGE, and MONERO. Dualmine is offering mining power of 100 GH/s for free on sign-up which will help you to get started on your mining journey.
Features:
- Bitcoin Mining
- Altcoin Mining
- 100 GH/s Free of Mining Power
- 2 Year Contracts
- Manual Reinvesting
- Manual Withdrawals
- Withdraw ONLY in CRT and Bitcoin in the BTC+ plan
- Referral System
Not Paying
Genesis Mining
Update on Genesis Mining, one of the first cloud mining platforms. Because of their explosion in popularity at the height of cloud mining, their contracts are always sold out. You have to keep checking back with Genesis Mining to see if they have open contracts for you to signup for. If you understand this, please proceed below.
A cloud mining company that is based out of Reykjavík, Iceland. They are one of the oldest and most reputable cloud mining company on the internet. They allow you to securely purchase contracts to start profiting in Bitcoin and other altcoins such as Ethereum, Dash, Litecoin, Zcash, Monero and Monero Classic. They currently offer 18 Month and 1 Year mining contracts. Make payments using your Credit Card, Debit Card, or Cryptocurrency.
Features:
- Bitcoin Mining
- Altcoin Mining
- 1 Year Contracts
- Purchase with Credit Card
- Referral System
Offline
Bitdeer
A cloud mining company that is based out of China. Offers mining of multiple cryptocurrencies such as BTC, BCH, LTC, ETH, DCR, ZEC, DASH, and ETC. Bitdeer is slowly emerging as a leader in the cloud mining space, with strategic partnerships with Bitmain and Antminer. They currently offer 360-day contracts of 50 TH/s. The one downside is the return/profit is low. But payouts are fast.
Features:
- Bitcoin Mining
- Altcoin Mining
- 1 Year Contracts
- Referral System
Not Paying
Know of any other reputable cloud mining services or want to comment on your experience with any one of these companies, feel free to leave your comments below.
Check out our Cloud Mining Monitor and signup for Push Notifications to be notified of new platforms or if any company stops paying.
