YIELD NODES 600×300

Cloud Mining Bitcoin And Other Cryptocurrencies

Contents

Cloud Mining of Bitcoin and other Cryptocurrencies

Best Cloud Mining Providers 2022 – How To Start Mining Cryptocurrencies

Cryptocurrency Mining explained

The process of “Mining” in the crypto world is a system of processing the various transactions that have been created on a network. It’s called Mining predominantly because of how any successfully-processed transactions are rewarded with tokens of the system you’re contributing computing resources to…

Cloud Mining Bitcoin And Other Cryptocurrencies

Specifically, each time you “mine” a crypto system, the miner is basically using their computer equipment to calculate the “Hash” of a series of “cryptographic” (encryption) transactions. These transactions are the transactions within the network itself, generated by the way in which you’re able to send Bitcoin (or other currencies) to different users.

The point is that the “Hashing” process is the same regardless of which system you end up doing it for, or even which equipment you end up using. To briefly explain its history, CPU’s were originally used to calculate Bitcoin “blocks”, but as the complexity of the operations increased, people discovered that GPU’s (Graphics Processing Units) were better disposed to handle the “hashing” algorithms required by the various “cryptographic” systems.

YIELD NODES 600×300

From here, other people discovered that you could use FPGA’s (field-programmable gate array) and ASIC’s (application-specific integrated circuit) to create even more powerful hashing systems. The latter of these (ASIC’s) has actually become somewhat recognizable as the “go-to” method of crypto mining. The various AntMiner systems (the majority of which being USB-powered) have long since taken over as the “default” mining system…

Types Of Mining Equipment

Whilst the process of “mining” the various “tokens” is the same regardless of which type of system you do it on, there are a number of systems which have been created solely to “mine” the various “crypto” tokens that are available. The point here is that it doesn’t matter if you see someone with a PC/GPU “mining” setup, or a custom ASIC – the way in which the system works is the same (the only difference lies in the speed through which it’s processed). This means that if you’re interested in how to “mine” the various “crypto” systems, it’s important to discern the various ways through which you can do it. There are several:

1. PC-based Mining (CPU/GPU)

This is the most standard form of “mining”, as you can just use over-the-counter PC components…

Cloud Mining Bitcoin And Other Cryptocurrencies

Whilst these types of setup work well for many of the smaller “coins”, they’ve been long-since superseded by the ASIC-powered “cloud” mining solutions now dominating the Bitcoin space. If you are looking at getting into “mining” (in any capacity), you’ll want to look at the above as a major investment.

Whilst you may argue that you could end up using the components yourself, the reality is that they are very highly priced and ultimately become degraded extremely quickly. They’re also power-hungry. Ultimately, you should consider that if you want to potentially mine “coins” for a crypto system, you should be looking at this as a last-resort (typically if you don’t want to pay for an ASIC or just simply don’t feel they’re worth the price).

The most important element of this setup is having a large array of GPU’s (Graphics Processing Units). You’ll be able to find more specifics online; the point is that if you have them all working from one motherboard, it should work well for you.

2. ASIC Based (Antminer etc)

The other type of “mining” system is the ASIC. This is a custom chip which has been designed specifically to help users manage the “hashing” calculations require for systems like Bitcoin…

Cloud Mining Bitcoin And Other Cryptocurrencies

As mentioned, all the “hashing” algorithms are the same, which means that you’re able to use the ASIC’s for any “crypto” system you want. The main supplier of these systems is “BitMain”, who produce the “AntMiner” range of ASIC systems.

There are many types of “Antminer”, with the ones pictured above being most powerful (have the largest number of chips). These are left to operate on their own (you just plug them into a power outlet and ethernet port) – to which you’re able to achieve fast “hashing” which is more energy efficient & reliable than the various other systems that may be available.

As mentioned, as a “standalone” mining method, the ASIC is by far the most effective at present. Whilst there are rumours of other systems being developed, this is the most efficient available.

3. Cloud Mining / Mining Pools (ASIC)

Finally, the ASIC paradigm has been boosted with “cloud” / “pool” mining. This is where groups of miners are linked together to essentially form a “supercomputer” – allowing for faster and more accurate processing:

Cloud Mining Bitcoin And Other Cryptocurrencies

Whilst this is the realm of larger operations, as an individual user/investors, you are able to put money into one of these operations in order to enhance your mining capacity. Whether you feel it an appropriate investment is up to you.

Cloud Mining is a way to mine bitcoin (or different cryptocurrencies) without the need of owning a miner (or mining hardware). Simply said, you buy yourself some shares of mining power – like a mining pool – and profit together with the pool.

This means that you only need a contract with someone who offers Cloud Mining Services and a bitcoin wallet. Cloud mining services are for you if you want to invest in bitcoin mining without the hassle of managing your own hardware, or, in some cases can’t invest in high priced ASIC mining hardware.

You can use the cloud mining to earn your coins. Cloud mining or cloud hashing is a common concept and what it means is that it uses (in most cases) shared hashing power run from remote data centres which allows users to buy mining power of the hardware placed in.

Here is a short list of the best cloud mining providers based on my own experience, read my reviews if you are not already familiar with these names.

Best Cloud Mining Providers 2022

Cloud Mining Bitcoin And Other Cryptocurrencies

Shamining

Launched in 2018, the United Kingdom-based mining company Shamining with its farms in London, San joe, and Capetown is one of the best-suited mining platforms for miners with minimal knowledge of the crypto mining process.

Shamining’s user-friendly website interface with animated or rather game-like mining processing is the feature that makes Shamining stand out among others. Anybody with a minimum of $100 can start mining using the Shamining platform. It guarantees a 1.43X return on investment ($400 return on $1,000). it also provides 24/7 customer support. Since 2018 it holds a community of 8000 plus crypto investors. One more useful feature their website has is the built-in investment calculator.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With Shamining

Shamining offers four types of contracts:

GPU 23,580 GH/s, GPU 94,340 GH/s, ASIC 235,849 GH/s, and individual contract.

  • GPU Miners offer the power of 23,580 GH/s in $0.0120 per GH/s with a maintenance fee of $0.0120 per GH/s daily. Profitability from 143%.
  • GPU Miners offer the power of 94,340 GH/s in $0.0113 per GH/s with a maintenance fee of $0.0113 per GH/s daily. Profitability from 143%.
  • ASIC Miners offer the power of 235,849 GH/s in $0.0109 per GH/s with a maintenance fee of $0.0104 per GH/s daily. Profitability from 143%.

As it is obvious with the above-mentioned information high power of the system offers high profitability and if a user is not sure about which contract should be attained the 24/7 customer service is at their services.

Start mining Bitcoin on Shamining and get a 37% bonus on your first investment!

Visit the Official Shamining website


Cloud Mining Bitcoin And Other Cryptocurrencies

ECOS Mining

ECOS is more than cloud mining. It is the first cryptocurrency investment platform with all digital asset products and tools in one ecosystem.

ECOS is a company you may trust as it is one of the first cloud mining providers operating with legal status. Considered one of the top cloud mining providers, ECOS offers its clients cloud mining services for only one digital currency: Bitcoin, the world’s largest cryptocurrency in terms of market capitalization. Currently, the company is offering its services to over 90,000 users from across the entire world.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With ECOS

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 transactions history, modern equipment, and a wide range of contracts.

Visit the Official ECOS Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

ChickenFast Mining

ChickenFast is a cloud-based pool/cluster of computing power for cryptocurrency mining. It has a unique (CHK&I patent) algorithm that automatically switches computing power to mining the most profitable digital currency in real time. ChickenFast is a cryptocurrency cloud mining investment system accessible and understandable to absolutely anyone.

The company was founded in 2015, and it first provided cloud mining services. They studied the cloud mining industry and determined that every technical jargon serves to frighten away customers. Thanks to ChickenFast, cloud mining has never been easier! ChickenFast has made the cloud mining process a lot easier than all of the other service providers.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With ChickFast

The registration process is convenient and beginner-friendly. First, you have to provide all your basic information and deposit your money. There is nothing technical about selecting the contracts that the platform is providing. For your ease, there is an option of a profitability calculator to estimate your earnings by specifying your deposit amount. Isn’t that amazing?

The platform is accessible and understandable to anyone in the crypto market with zero knowledge. There are no hidden fees, and all payouts are made daily in BTC. The platform guarantees a large profit margin, which is defined by the contract that is chosen. Live statistics of your earnings are available 24/7. ChickenFast gives excellent customer service and assigns a personal manager to each customer to provide vital information and trade assistance.

ChickenFast offers five types of contracts named as ClassicGoldPlatinumBoss and Bronze. You can start from as low as $400 and can go up to $50,000. The big difference between all of the above mentioned packages is that the mining power that they provide is different form on another.

The profitability rate is almost the same on all of the above packages which is almost 12% per month!

Visit the Official ChickenFast Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

Trust Cloud Mining

TrustCloudMining is a cloud mining and investment firm that caters to small investors with low entrance barriers. The firm offers the opportunity to quickly enter the cryptocurrency market without incurring any upfront costs because they handle all of the mining for you. Trust Cloud Mining now supports three algorithms: SHA256, Ethash, and Equihash. You choose the algorithm you want, and we’ll supply the necessary resources.

For the past three years, TrustCloudMining has been effectively providing cloud mining services. By offering everyone a taste of becoming a miner, the firm hopes to normalize the bitcoin mining sector.

To decrease energy usage and carbon footprint, the firm employs sophisticated ASIC miners intended for cryptocurrency mining.

Trust mining looks after its customers in case that they want assistance. The platform’s customer service staff provides outstanding support in both English and Russian.

How To Start Cloud Mining Bitcoin And Other Cryptos With TrustCloudMining

Register for a free account today and discover how to dramatically increase your income with cryptocurrencies. Choose a contract, select the amount, the algorithm and confirm the order. Done! Have a comfortable seat and monitor your statistics and passive income from any device.

TrustCloudMining offers three types of contracts:

SHA-256 (BTC, HTR, DGB, BCH, BSV), ETHASH (ETH, ETHO, JOYS, CLO, ETP, ZIL), EQUIHASH (ARRR, ZEN, KMD, ZEC).

  • SHA-256 offers the power of 24,752 GH/s in $0.01 per GH/s with a maintenance fee of $0.001 per GH/s daily. Profitability up to 132%.
  • ETHASH offers the power of 16.67 MH/s in $15 per MH/s with a maintenance fee of $0.1 per MH/s daily. Profitability up to 138%.
  • EQUIHASH offers the power of 313 MH/s in $0.80 per MH/s with a maintenance fee of $0.01 per 10 MH/s daily. Profitability from 134%.

The platform is providing a bonus of 33%. Join and be a part of this great crypto mining community!

Visit the Official Trust Cloud Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

BeMine Mining

Established in early 2018, BeMine provides its services in Russia and CIS countries. They were pioneers of cloud sharing of ASIC-miners, making the opposite thing compare to selling mining contracts. BeMine operates more than ~70,000Th/s placed in Irkutsk, Moscow, and Chelyabinsk region, in Siberia, even in Almaty, Kazakhstan and they keep scaling.

BeMine unites Russian data-centers, as well as miners and individuals who want to participate in cryptocurrency around the world. Miners are invited to store their equipment in partnered data-centers, while users can purchase and store mining equipment, without the need for personal presence during the purchase, transportation, installation, configuration, and maintenance of ASIC.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With BeMine Mining

If you don’t want to purchase the whole ASIC-miner, you can also try with its shares. BeMine can sell up to 1/100 share of exact ASIC for a reasonable price, which may become a very useful way to start a coin mining experience without the necessity of purchasing a whole expensive machine itself. But if you have the whole one, you can also purchase door-to-door delivery of ASIC. Now they even have fare cloud contracts with deposit extraction.

BeMine offer new users 3 days of free mining on Antminer S19, as a gift for the first purchase!

Visit the Official BeMine Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

HashShiny Mining

HashShiny is a mining platform for mining Bitcoin (BTC), which is safer to use and works faster. It was developed in the year 2017, and since that time, it is working in the industry, offering cloud mining services for cryptocurrencies, including the world’s biggest cryptocurrency, Bitcoin. The developers of HashShiny claim to have developed the top cloud mining platform of the world integrated with up-to-date deployment technology.

It is one of the top cryptocurrency cloud mining platforms present out there. The company offers around 1.5 percent of the Bitcoin (BTC) hash rate of the world.

HashShiny is currently supporting various major cryptocurrencies, including the leading digital currency bitcoin (BTC), the second-ranked cryptocurrency Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), Dash (DASH), and Decred (DCR).

If you want to start mining with HashShiny.io, then the company has a package for new users. It offers new users a free 5TH/S SHA-256 (BTC) hash rate.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With HashShiny

In order for you to begin cloud mining with HashShiny,  simply follow these three steps:

Step 1: The first thing that you have to do is to create an account with HashShiny and register yourself. In order to register an account, you need to fill in a sign-up form present on the official website by providing personal data such as your first name, last, email address, etc.

Step 2: The next step that you have to follow is to pick a plan. There are six cloud mining plans for six different digital currencies. You have the opportunity to choose any one of them.

These six plans include SHA-256 CLOUD MINING (for BTC cloud mining, ETHASH CLOUD MINING (for ETH cloud mining), SCRYPT CLOUD MINING (LTC cloud mining), X11 HASH CLOUD MINING (for DASH cloud mining), BLAKE256R14 CLOUD MINING (for DCR cloud mining), and EQUIHASH CLOUD MINING (for ZEC cloud mining).

Step 3: In the third step, you have to pay for the plan you choose, and then you are ready to begin your cloud mining with HashShiny.io.

Moreover, the main features offered by HashShiny are pool allocation, service of an expert team, security, daily payouts, mobile application, mining switch, and low maintenance fee.

Invest NOW! Get 15% discount, Use coupon code: Xmas2021 (Limited time offer)!

Visit the Official HashShiny Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

IQ Mining

In late 2016, IQ Mining started to provide its services. There are quite positive feedback from the customers these days.

The company provides remote equipment enabling users to rent them out to join cloud mining. Within a limited time, IQ Mining has grabbed almost 50,000 users.

How To Start Cloud Mining Bitcoin And Other Cryptocurrencies With IQ Mining

There are four different packages available depending on your wishes and investments: BRONZE; SILVER, GOLD, DIAMOND.

  • Bronze offers SHA-256, 10 GH/s = 0.459$, Maintenance fee: 0.001$ / 10 GH/s / 24h, Payouts – every day, Min. contract: 500 GH/s
  • Silver offers (from 5000 GH/s), SHA-256, 10 GH/s = 0.44$, Maintenance fee: 0.001$ / 10 GH/s / 24h, Payouts – every day, Min. contract: 5000 GH/s
  • Gold offers (from 30000 GH/s), SHA-256, 10 GH/s = 0.419$, Maintenance fee: 0.001$ / 10 GH/s / 24h, Payouts – every day, Min. contract: 30000 GH/s
  • Diamond offers the same as Gold with extra features (from 1191575 GH/s), +5% Extra hashrate (revenue), Latest iPhone as a gift, x2 Monthly Giveaway tickets, Personal manager, Up to 35% discount, +48h discounts extended

There are many cryptocurrencies available from which you can choose for mining. The registration is free with no subscription fee. There are smart contracts available to reduce the risks.

IQ Mining has a very soft and user-friendly interface. As it is based in Europe, the platforms provide four major languages (French, Spanish, Russian, and English). The platform is suitable for small investments until it gains more acknowledgment from customers.

Deal of the Month: Get 30% discount on all mining contracts (Limited time offer)!

Visit the Official IQ Mining website


Cloud Mining Bitcoin And Other Cryptocurrencies

Genesis Mining (Currently not onboarding new customers)

Genesis Mining is the world’s leading and most transparent hosted hashpower provider for Bitcoin and Altcoins. Reliable & Customer Oriented. They are heavily investing in the best available hardware to stay at the edge of technology. Read our full review.

Visit the Official Genesis Mining website


Get Free Bitcoin from Bitcoin Faucets

Bitcoin faucets are websites that reward their visitors with some free fractions of BTC. Visitors can claim multiple times every day. Below are some of the best websites to claim free bitcoin.

Cloud Mining Bitcoin And Other Cryptocurrencies

Free Bitcoin

Still remember when I discovered FreeBitco.in and was astonished with how well done the site is in comparison to other Bitcoin faucets, how fast the site loaded and after receiving my first payout how it has consistently been a reliable source of Bitcoins for me.

Here are the most important FreeBitco.in features:

  • FREE BITCOINS EVERY HOUR – Try your luck every hour playing our simple game and you could win up to $200 in free bitcoins!
  • EARN INTEREST ON YOUR DEPOSITS – Deposit BTC in your FreeBitco.in wallet and they will give you 4.08% annual interest on your balance, compounded daily.
  • ROVABLY FAIR HI-LO GAME – Multiply your bitcoins playing a simple HI-LO game that is designed to be provably fair by using a combination of math and cryptography.

Visit the Official Free Bitcoin website


Conclusion

It is a common myth that the investment market is a mystery. So many people assume that investing requires insider secrets and specialized knowledge. In truth, it doesn’t. The secret to investing is written in the numbers and we are happy to share the information that we have. Our team focuses on concrete data that is guaranteed to explain the ongoing state of the market. The cryptocurrency market shifts like any investment market, but it isn’t magic. We provide real data to support our beliefs surrounding market trends, and we do it for your benefit!

If you have questions about Cloud Mining Bitcoin and Other Cryptocurrencies, please do not hesitate to contact us.

To your success!

Michael Sommer

CRYPTO COIN BOOM – THE ART OF MAKING CRYPTOCURRENCY

YIELD NODES 600×300