Cloud mining is an innovative method by which individuals can participate in the process of crypto mining without having to actually own or manage any physical mining equipment. Users can just rent “hash power” from a reliable cloud mining platform, and they would handle the operational and technical aspects of mining in their data centres.
This method of mining is opening up the crypto space for anyone who is looking to join the space and make passive income, irrespective of their technical expertise or investment appetite. It can be difficult for people to find a trustworthy and safe platform that provides returns. Here are some of our picks of the top cloud mining platforms:
1. BSVCloud
One of the oldest and most reliable cloud mining platforms in the space is BSVCloud. The platform was founded in 2017 and has grown globally with over 500,000 miners. Users can start their cloud mining journey easily on either their phones or laptops.
Unlike a lot of other platforms, BSVCloud uses solar energy to power its mining centers, thereby ensuring efficient use of resources, sustainability, and cost-effectiveness. It has multiple mining plans that are suitable for users of all levels of expertise.
2. ICO Miner
ICO Miner is another popular option offering individuals a chance to mine crypto without having to buy any equipment or heavy mining machinery. The platform offers cold wallet storage, 24/7 data safeguarding measures, top-tier encryption, and a plethora of mining plans to match their users’ needs.
ICOMiner has quick deposits and withdrawals for both small and large transactions, ensuring smooth and fast fund transfers. The platform also adheres to legal and operational compliance rules internationally and undergoes third-party audits, guaranteeing security.
3. HEXminer
HEXminer was founded in 2020 and has been consistently focusing on providing a simple, stable, and mobile-friendly cloud mining platform for its users. The platform has a user-first approach and utilizes cold wallet storage, two-factor authentication, and smart contract locking to protect user assets.
Users also get daily mining reports and their earnings, making it easy to keep track of the passive income. They have no hidden fees and flexible contract options to choose from.
4. Shaamining
Shaamining developed from a vision of crypto enthusiasts who decided to establish their own cryptocurrency mining farm, which later evolved into a cloud mining platform. The platform has instant withdrawals with no hidden fees and a user-friendly interface.
This UK-based platform has farms located in London, Cape Town, and San Jose. They also have a 24/7 dedicated customer support for their users and offer a personal manager for each of their customers, along with different mining options.
5. Genesis Mining
Genesis Mining is one of the largest mining companies dedicated to Bitcoin. The platform was developed in 2013 and has been a trustworthy cloud mining solution for more than 2 million people around the world.
It provides easy withdrawal and deposit options and mining farms in 10 different locations worldwide. Genesis Mining assures miners a 100% uptime, thereby avoiding any loss of time in mining. They also have a round-the-clock customer service and flexible payments through different channels.
6. GMiner
GMiner is a cloud mining platform that has more than 617,000+ daily active users and more than 586,000 crypto payouts. The platform is a market-leader in mining Ethereum Classic, Cortex, Bitcoin Gold, Beam, and Grin, and has recently added support for Ethash, KAWPOW, and ProgPoW.
Miners have different options for contracts, such as start, professional, smart, and VIP contracts. Users do not have to worry about their funds as the platform has strict security measures in place and also ensures safe and fast withdrawals.
7. IQMining
IQMining offers a range of cloud mining contracts developed and backed by various industry experts and enthusiasts. Users can easily get started by signing up and purchasing hashrate contracts, without the need for any special hardware or software.
The platform does daily payouts for all its contracts. Using the cloud mining income calculator, users can get an estimate of their daily returns.
8. Hashmart
Hashmart is a cloud mining platform that is simple and easy to use and provides clear and transparent data to its users. Users do not need to buy any equipments, or pay any maintenance fee. There is also no downtime for equipments, and mining starts right after the payment is done.
The platform offers cloud mining options for Bitcoin and Ethereum and has various plans for each of them.
Cloud mining is an effective way for new users to become a part of the crypto space. It provides a streamlined alternative to traditional crypto mining methods by helping new users lease hash power from data centers and make passive income. As the number of users who are becoming a part of the crypto space increases, cloud mining is opening up a new arena for more gains.
Disclaimer. Readers are encouraged to do their own research. Ambcrypto is not liable for any outcomes related to the use of information, products, or services mentioned. This content may include affiliate or partner links.