Cloud Mining

Instead of buying and maintaining your own infrastructure and hardware, you can rent mining power in the cloud. Various providers are offering their services in the meantime. Worth comparing prices and services.

In other words: No complex setup of hardware and software, no loud coolers running in your basement, or even worse, in your bedroom: This is all located and managed remotely in an appropriate data center.

So why should I consider cloud mining or not?

 

You should because:

  • No noisy fans at home
  • No increased electricity bill
  • No expensive new miner to invest into
  • No equipment to get rid of when mining profitability ends

You should NOT because

  • Lower profits: As you delegated the system management, there is some fee involved
  • Opaque mining operations
  • Risk of fraud
  • Less control (and fun)

Types of Bitcoin Cloud Mining

Usually we talk about three forms of remote mining available at the moment:

  1. Leased hashing power: Rent an amount of hashing power without owning/renting a dedicated physical/virtual equipment. This is the most popular form of cloud mining.
  2. Hosted mining: Renting mining hardware that is hosted by the provider
  3. Virtual hosted mining: Rent a virtual private (standard) server and install your own mining software on it

 

 

Cloud mining providers overview

Here I will start to add cloud mining provider reviews including a scoring so you see immediately if they are worth considering or not. The page just started, so it is a bit slim currently.

 

SHA256 (Bitcoin)

Provider Rating Comments
genesis-mining.com Genesis-Mining.com 9/10 Visit
hashflare.io HashFlare.io 10/10 Visit
hashing24.com Hashing24.com 9/10 Visit

 

Scrypt (like Litecoin)

Provider Rating Visit
genesis-mining.com Genesis-Mining.com 9/10 Visit
GigaHash.org GigaHash.org 8/10 Visit

 

Zcash

Provider Rating Visit
genesis-mining.com Genesis-Mining.com 9/10 Visit
zerocashcloud.com ZeroCash Cloud 8/10 Visit