In our previous article, we learned about cloud mining. We have also gone through the basics of Ethereum Mining and Bitcoin Mining. In this article, we will have a look at the pioneers in the field of cloud mining.
Note: Cloud Mining is known for scammy products and platforms. Do your own research before using one.
Genesis Mining
Genesis Mining started operating by the end of 2013. It started with Ethereum Mining and now supports about 150 cryptocurrencies.
Genesis Mining is one of the most popular and trusted cloud mining service for Bitcoin and other altcoins. It is particularly famous for using geothermal energy to operate mining devices.
The company is backed by Enigma which is one of the largest cryptocurrency mining facilities in the world. Genesis Hive is the software interface for efficient setup and management of mining facilities.
IQ Mining
IQ mining started in 2016 by a team of IT and blockchain professionals. The company aims to provide frequent mining payouts in the shortest timeframe as possible.
IQ mining has data centers located in 6 major locations around the globe. It is really easy to start cloud mining with IQ Mining. All you have to do is register and fund your account using your crypto wallet. Select your plan and you are all set! The contract duration can vary from 1 year to a lifetime.
CryptoUniverse
CryptoUniverse cloud mining is a multifunctional cryptocurrency cloud mining provider. They have two operating offices in the United Kingdom and Estonia. It was commissioned on February 14, 2017. CrytpoUniverse provides one of the most transparent cloud mining systems which makes them one of the most trustable cloud mining platforms right now. They provide a live stream of their mining facility. Currently, they support bitcoin cloud mining. The basic plans start at $20.5 that provides 5TH/s. Just sign up, select your contract and receive daily revenue. The dashboard provides you with the account’s detailed statistics and profit forecast.
HashFlare
HashFlare is a cloud mining created by specialists from HashCoin in 2015 and became an independent company in 2016. Currently, they provide mining facilities for 5 most popular cryptocurrencies namely Bitcoin, Ethereum, Litecoin, Zcash, and Dash. Before using the HashFlare cloud mining platform, you have to pass the HashFalre verification process. They have a satisfied customer base of about 2,500,000 users. The contract duration provided by them is for one year. The price provided by them is per MH/s.
Cloud Mining is infamous for fraud. But we try to list out some of the well established and trusted cloud mining platforms. The price at which they provide services may vary from one platform to another. These products have established their trust through their performance over time but always be careful when it comes to cloud mining Softwares.
Also Read:
- A Simple Guide to Mining Pools
- How Bitcoin Mining Work? [Technical]
- Best Blockchain Analytics Softwares
- Common Crypto Questions
- Cryptocurrency —Advantage, Disadvantage and Risk
If you want to learn more about the Crypto ecosystem, sign up for the weekly newsletter.
