Cloud mining is a process where mining sites mine cryptocurrencies through specialized hardware. The investors become owners of a part of the share in the mining company through a contract basis. Mining companies provide packages, which are fees paid to the cloud mining company, to avail their services.
Cloud mining activity frees investors from the work of buying, installing, and maintaining crypto mining rigs, here the user purchases a hash power contract from a cloud mining providing site.
On the basis of recent research by our team, below are the top 5 genuine cloud mining sites that have passed our selection criteria, and the list is based on a preference from high-preferred to low-preferred cloud mining sites, according to today’s market structure.
Kafkamining
One of the best cryptocurrency cloud mining sites which includes the use of Next-generation Cloud Platform. The technology used by Kafkamining has made cloud mining more convenient and easy through simplified steps of signup, and selection of preferred miners among a list of highly professional miners.
The platform provides autonomy over the crypto holdings and cryptocurrency investing tutorials for beginner and intermediate-level investors.
Advantages of using Kafkamining over competitors :
- Includes Affiliate Programme
- Fully decentralized
- Daily payout facility
- 24/7 support service
- Mobile app facility
- Live monitoring facility
Kafkamining provides the cloud mining of various cryptocurrencies like Bitcoin, Zcash, Litecoin, Dash, Monero, and Kafka at a single platform, thus making it more convenient for users to perform mining at a single platform. It includes a major variety of packages made accordingly to fulfill customer interests and needs.
For more information, do visit https://www.kafkamining.com
Bybit
Headquartered in Dubai, United Arab Emirates. Bybit Exchange was founded in 2018. Founder and CEO, Ben Zhou, has worked with the world’s notable forex and CFD trading brokerage companies. Bybit believes in providing an easy user interface with 24/7 customer support service. If challenges occur in withdrawing the earned rewards or related to the usage of the platform, the customer is provided a solution as early as possible.
Benefits of Bybit Mining:
- Less cost
- No hidden cost
- Technical know-how
- Customer support
Mining of Ethereum is available on the Bybit platform. Bybit is going to increase more number of cryptocurrencies for mining in the near future.
Binance
Founded in the year 2017, the Binance site allows cloud mining without any third-party software usage. Mining can easily be done by sitting in own house. Binance facilitates cloud mining of cryptocurrencies that include Bitcoin, Litecoin, Bitcoin Cash, Ripple, and others.
Users need to create a CFD Account, complete identification, and other processes, click sign in, and start cloud mining. Rewards from mining are forwarded into the crypto wallet within 8 hours of making the withdrawal request.
Pros of Binance mining:
- Mining is through a simple process
- No hidden fees are included
- The hash rate provided is true
- Lists of contracts to select from
- USDT currency supported
- Real-time operation monitoring facility
Hashing24
Hashing24 made its presence in 2012, registered in Ireland. Hashing24 has been providing Bitcoin cloud mining services for the last 10 years and helping users profit from mining operations. The customer base of hashing24 has 2,00,000+ registered users with 10,000+ bitcoins mined till date.
Demo mining with real market price is provided which can be started in just a few minutes.
Hashing24 is the official partner of BTC mining and blockchain technology company Bitfury.
Features:
- Easy purchasing
- Delivery in quick time
- Latest updates available
- Multi-language support
- Investment starting from 1 TH/s
- A profit calculator is provided
Stormgain
StormGain is a cryptocurrency platform and also provides a mobile application. Buying, selling, trading, and mining are provided at the single platform on Stormgain. It provides a single mining reward in 4 hours. After mining at least 10 usdt in Bitcoin, users can click on the withdrawal button. Profit is credited as a trading bonus in the account within 72 hours. Mining is facilitated through equipment owned by Stormgain.
Benefits of StormGain :
- Higher status
- Low commission
- Huge bonuses
- Up to 40% trading commission discount
- Up to 12% annual interest rate
Conclusion:
The cloud mining concept is trending and allows mining facilities from home through sites. It includes benefits and drawbacks too. Users are suggested to act with due diligence and do self-study about various platforms before starting cloud mining