The Six Best Cloud Mining Sites for Beginner MinersMay 13, 2023, 3:03PM
Cloud mining is the process of mining cryptocurrency by renting computational power from another source, such as a cloud mining service provider.
Traditional means of mining crypto often require expensive computers, which use up a lot of electricity. This also leads to difficulty in sustaining and making a profit.
Beginners may prefer cloud-based software that doesn’t require mining equipment and programs designed for more basic CPU and GPU mining.
They may also prefer software that features low withdrawal requirements since it could take a long time to mine enough Bitcoin to make it worth using mining software with high limits.
AMGCrypto is one of the leading cloud mining companies and a user-trusted partner.
Compared with other platforms, AMGcrypto is more suitable for beginners because it saves a lot of technical terms and presents it to customers in the simplest form. Let novices also participate in cloud mining and obtain high profits.
As one of the best global providers, AMGCrypto tries to make users' experience with cloud mining safe and comfortable.
- Sign up and get a $12 bonus instantly.
- High profitability levels and daily payouts.
- There are no other service or administrative fees.
- You can generate more than six other currencies using the platform.
- The company's affiliate program allows you to refer friends and earn up to $3,000 in referral bonuses.
- McAfee® security protection. Cloudflare® Security Protection.
- Backed by a 100% uptime guarantee and excellent 24/7 technical support.
In the US, A cloud mining company named HappyMiner was established in 2018. Similar to any well-known hashing provider, HappyMiner offers commercial sites with data centers in Iceland, Canada, and Norway.
- Register to receive $10 right away.
- Automatic payouts each day.
- No service charge or electricity fee.
- Lifetime rewards affiliate program with commissions from 0.5% to 4.5%.
- Constant 24/7 online assistance.
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The company offers a wide variety of mining contracts to users. The minimum price for a mining contract is $149. This contract remains active for a period of twelve to fifty months. Additionally, there are different options available for you that you can use for deposits or withdrawals. These include Credit Cards and cryptocurrencies such as BTC, ETH, XRP, and LTC.
There are a lot of advantages that you can get while mining with ECOS. One of the advantages of mining with ECOS is that new users will get a one-month free promo contract. Other advantages include daily payments, clear transaction history, modern equipment, and a wide range of contracts.
One of the most versatile Bitcoin mining sites on this list, BeMine offers a vast range of cloud mining services and contracts.
On their website, you’ll find there are four different Bitcoin miners to choose from, in addition to alt-coin miners and cloud contracts. The website provides all of the information you need before getting started, and you can even calculate your potential earnings before committing to an investment. Their TH/s total power is over 86,000, and they boast over 75,000 satisfied users. Unlike some others on this list, they also have a rewards program that allows you to earn even more. Once you make an account, they’ll send you a personal QR code and referral link that you can share with others.
5 Crypto Universe
Live since 2018, the crypto universe is another cloud mining project that allows users to earn crypto mining with profitable plans and contracts.
The platform mainly provides its services in the Russian Federation. The electricity rate is low in the northern region, and it’s a big advantage for the crypto universe. There are three different plans available named standard, VIP, and the tariff 2025 for long-term benefits.
The users can mine through 2 types of contracts “Cloud Miners” and ‘BTC Mining”. The platform lets its users buy equipment for mining. The users can resell the equipment to miners and can take their funds back at the end of the contract.
Transparency is this site’s primary benefit. It was among the earliest cloud mining businesses to enter the market. Additionally, the website is a trustworthy source for cloud mining and gives you the option to view other mining farms on its website. Because of this, it has gained a lot more client confidence. You are free to analyze any coin that is available on the website.
Unfortunately, the Genesis Mining platform is only available to existing customers. They are currently not onboarding new customers.
Traditional mining is expensive, and miners must pay for electricity costs, even if returns take a hit. Many people take out loans to buy equipment and start mining operations. As such, when these companies or individuals cannot repay their debt, they go bankrupt and stop mining. Cloud mining is a great way for miners to continue contributing to the security of the network without an initially large investment.
It is also less risky for those who want to earn passive income but do not have the start-up capital to begin mining. Cloud mining is also a good option for the less technically savvy. In all, it lowers the threshold for entry to the world of crypto mining.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.