Cloud mining refers to the process of mining cryptocurrencies with shared processing power from remote data centers. This involves the mining of Bitcoin and altcoins without necessarily managing any hardware. Cloud Mining is carried out at a specific cost, this clearly means that there will be a low-return on investments for the miner.
Some of the best cloud mining platforms include :
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Hashflare
This is one of the best cloud mining platforms around. This is a new cloud mining platform that was built and launched by Hashcoin. The Hashcoin team has been directly involved in the cryptocurrency market since the development and launch of Bitcoin. This platform offers users all over the world with unique mining in a secure, low cost, minimal risk, and expense.
Hashflare offers individuals the opportunity to purchase hash power for the mining of SHA-256 and Scrypt tokens or coins like Litecoin, Ethereum, Zcash, and Bitcoin. For every 1 MH/s of any Scrypt token or coin, Hashflare charges $0.005 for maintenance, while every 10GH/s, $0.035 is the maintenance fee. The total token you get from this platform will be determined by the hash power and the type of coin you are mining.
Hashing24
Hashing24 was made by professionals for individuals in the crypto mining business. They believe that everyone should have access to the newest and most advanced technology and also large scale for either your mobile. This platform offers beginners in crypto mining a demo version where they can use to practice and learn.
Irrespective of the type of contract you have with them, Hashing24 charges a flat maintenance fee of about $0.0033 per GH/s for each day. Also, to purchase hashing power, users will have to pay a one time fee to a particular hash power host.
Genesis-Mining
This is the first cloud mining website that has grown into one of the safest and most secure cloud mining platforms. This platform was developed and launched in 2013, the developers' of this platform got to know each other by using the same username for trading and buying cryptocurrencies. This platform offers users multiple types for the possibility of mining and packages for mining different cryptocurrencies.
This amazing cloud mining platform comes with a payout system which allows individuals using the platform to keep track of how much digital currency they have mined. Interestingly, this platform is also easy to use. It comes with a user-friendly interface.
Hashnet
This cloud mining platform was launched in 2014 by Bitmain, which happens to be one of the best producers of ASIC miners. The Hashnet platform offers users what is called "PACMIC". PACMIC is designed in such a way that the developers (Bitmain) pay for the cost of mining rigs which might include; electricity, then all the money made from mining will be used to pay back the owner of the PACMIC.
The PACMIC offers users 6.0TH/s of power in exchange for 1 BTC. According to the team, they said that this hash power gives users over 14% Return on Investment (ROI).