Approval of cloud mining
Dwain Ross
07 / April / 21
Visitors: 347
Considering people used to be lost at the sight of numerous offers on cloud mining services, not understanding who you can trust, today it is much easier to choose worthy services. By 2018, the market of cloud mining has already formed a list of the main players who have proven themselves well. Here is a cloud mining review on some of the most prominent and worthwhile.
- HashFlare
HashFlare is a subdivision of the manufacturer equipment HashCoins from Estonia. The company has been on the market for more than four years. The service provides crypto currencies mining and works on the basis of SHA-256, Scrypt, X11 and Etherhash algorithms. Contracts are concluded for one year with about 200% a year yield. The minimum cost of power capacity is only $2. However, the more you put in, the higher the yield. You can deposit your account using Bitcoin, bank cards and WebMoney. According to investors and numerous reviews, HashFlare is one of the most reliable and profitable cloud-mining services.
- Minergate
This service is better known as a mining pool in the crypto industry, you can connect to it using your equipment. Minergate also provides a cloud mining service. You can mine Bitcoin and Monero in the cloud; and it is expected that Ethereum will be added soon enough. You can choose the number of leased capacity by moving the slider. The contract cost and the daily commission fee are calculated judging on this. The yield on the contract is more than 200%, the time period is unlimited. There is also a profitability calculator in the dashboard.
- Genesis Mining
It has been in the market for more than five years. Data centers are located in Iceland. The company does not engage in independent production of equipment but has an agreement with a well-known mining servers manufacturer, where they buy devices at low prices. The company offers contracts for Bitcoin, Ethereum, Dash, Litecoin, Zcash and Monero. The most inexpensive contract is currently $28 for 2 MH/s, which the contract of at least two years. The Genesis Mining profitability today fluctuates around 120-180% a year.
- Hashing24
This is another company that stays consistently in the top of the reliable services ratings and has great reviews. Hashing24 uses high-performance hardware from BitFury. The servers are located in Iceland and Georgia. The service makes it possible to engage only in Bitcoin mining. It attracts clients with favorable prices for contracts. Term of work for a contact is 1.5 years. The yield is 170-200% per annum. It provides a contracts exchange and a profitability calculator on the website.
It is quite realistic to earn on cloud mining. The main thing to remember is that there are not many reliable companies that fulfill their obligations and steadily pay out profits. Therefore, the choice of services which you will cooperate with should be approached with special attention. We should also accept the fact that the mining profitability depends on the current rate and the complexity of crypto currency mining, which is why it varies constantly.
