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Want to mine Bitcoin but don’t have the appropriate equipment? Bitcoin cloud mining is a popular solution, but there are also many websites with questionable reputations in the market. In 2024, learn how to avoid bad websites and choose the best Bitcoin cloud mining platform.
Top 10 Best Bitcoin Cloud Mining Platforms
PlatformSupported TokensMinimum Contract DurationPayment MethodsBinanceBitcoin90 daysDebit/Credit Cards, CryptocurrencyAST MiningUSDT-TRC20, USDT-ERC20, USDT-BEP20, BTC, ETH, USDC-ERC20, LTC, BCH, BNB-BEP20, DOGE1 dayCryptocurrencyHashmartBitcoin12 monthsDebit/Credit Cards, CryptocurrencyHashing24Bitcoin12 monthsDebit/Credit Cards, CryptocurrencyEcosystemBitcoin1 dayDebit/Credit Cards, CryptocurrencyNGS CryptoBitcoin30 daysDebit/Credit Cards, CryptocurrencyTEC CryptoBTC, ETC, LTC, DOGE, XRP, BCH, DASH1 dayDebit/Credit Cards, CryptocurrencyF2HashBitcoin30 daysDebit/Credit Cards, CryptocurrencyINC CryptoBTC, LTC1 dayCryptocurrencyBeMineBitcoin1 dayCryptocurrency
Binance Cloud Mining
Binance stands out as a premier cryptocurrency exchange offering Bitcoin cloud mining services. Specializing in short-term Bitcoin cloud mining, Binance presents distinctive 90-day contracts. Its reputation for simplicity and daily payouts has made it a favored choice for many investors despite some minimal requirements and investment considerations.
Key Highlights:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Debit/Credit Cards, Cryptocurrency, P2P Deposits
Minimum Contract Requirement: 1 TH and 90 days
AST Mining
AST Mining caters to a diverse audience with a range of cloud mining plans, catering to complete beginners, inquisitive home miners, and large-scale investors. Their mission is to streamline and expedite cryptocurrency cloud mining for all. Utilizing state-of-the-art technology, AST Mining offers multi-algorithm, multi-currency cloud mining services. This enables users to mine multiple cryptocurrencies simultaneously using different mining algorithms.
Key Features:
Supported Currency: USDT-TRC20, USDT-ERC20, USDT-BEP20, BTC, ETH, USDC-ERC20, LTC, BCH, BNB-BEP20, DOGE
Payment Frequency: Daily
Payment Methods: Cryptocurrency
Minimum Contract Requirement: 1 TH and 20 days
New users receive a free $30 trial
Hashmart
Since its inception in 2018, Hashmart has emerged as a distinguished cloud mining company registered in Cyprus, specializing in Bitcoin cloud mining. Hashmart offers 12-month contracts starting at an approximately affordable rate, catering to various investors. Transparency is key at Hashmart, with maintenance fees included in the contract value to ensure clarity and eliminate surprises.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Debit/Credit Cards or Cryptocurrency
Minimum Contract Requirement: Approximately $26 for a 12-month contract
Hashing24
Hashing24 is a popular cloud mining platform specializing in Bitcoin mining. Renowned for its reliability, Hashing24 offers user-friendly features and displays all contract terms in USD or EUR to simplify potential return evaluations. Users can start with a minimum expenditure of around $50, where significant contracts enjoy discounts.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Debit/Credit Cards or Cryptocurrency
Minimum Contract Requirement: Approximately $50, 12 months
ECOS
Founded in 2017, ECOS is a trailblazer in the cloud mining industry and the inaugural legally operating provider. Offering real-time monitoring for enhanced control, cost-effective mining solutions, automatic reinvestment of mined coins for optimized returns, and 24/7 customer service for continuous support.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Bitcoin, Visa
Minimum Contract Requirement: $150 and 1 TH/day
NGS Crypto
Established in 2018, NGS Crypto is an Australian company known for fixed annual return rates ranging from 6% to 16%. Providing better opportunities and returns while maintaining transparent and secure daily payments, NGS Crypto remains a safe and profitable choice for those seeking reliable returns through cryptocurrency trading and portfolio diversification.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Bitcoin, Visa
Minimum Contract Requirement: $5 and 30 days
TEC Crypto
TEC Crypto distinguishes itself with over five years of experience in providing efficient and secure services. This platform not only offers traditional cloud mining but also stands out by providing free cloud mining features to users, positioning itself as one of the best free Bitcoin cloud mining sites without requiring any initial investment.
One of TEC Crypto’s distinguishing factors is its commitment to sustainability. By utilizing enhanced ASUC chip designs, the platform strives to mitigate environmental impacts. Emphasizing reduced power consumption and cutting-edge mining technology, TEC Crypto ensures a user-friendly experience with a strong focus on security and privacy. However, it’s worth noting that contracts are often sold out, necessitating a wait for new product availability. Nonetheless, users enjoy a user-friendly interface supporting multiple tokens and expert customer service for assistance.
Key Features:
Supported Coins: BTC, ETC, LTC, DOGE, XRP, BCH, and DASH
Payout Frequency: Daily
Payment Methods: Credit/debit cards or cryptocurrency
Minimum Contract Requirements: No minimum investment required, with contracts starting from 1 day
F2Hash
Launched in 2021, F2Hash has become a prominent player in the Bitcoin cloud mining service industry, offering tailored plans for both large and small investors. The entry-level plan starts at only $5, making it suitable for investors of varying budget sizes, with daily payouts ensuring regular receipt of earned rewards.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Bitcoin, Visa
Minimum Contract Requirement: $5 and 30 days
INC Crypto
INC Crypto is a renowned player in the cloud mining market, operating five mining facilities and serving over 320,000 users across 150+ countries and regions. A notable feature is its use of renewable energy sources like solar and wind power for cloud mining. Users can enjoy robust mining capabilities without investing in expensive equipment, needing only a computer or smartphone for operation.
Key Features:
Supported Currencies: Bitcoin and Litecoin
Payment Frequency: Daily
Payment Methods: Cryptocurrency
Minimum Contract Requirement: $50 and 1 day
BeMine
BeMine is a popular Bitcoin cloud mining platform known for prioritizing user-friendly experiences. Offering a unique approach by merging individual farms with mining hotels, creating a seamless and accessible environment for miners.
Key Features:
Supported Currency: Bitcoin
Payment Frequency: Daily
Payment Methods: Cryptocurrency
Minimum Contract Requirement: Approximately $75 and 1 day
What is Cloud Mining?
Cloud mining allows individuals to participate in cryptocurrency mining, such as Bitcoin, without owning or managing mining hardware. Instead, users rent cryptographic mining power from companies that own and operate the hardware. The returns from mining activities are shared between users and companies, eliminating the need to set up and maintain physical hardware, secure high-speed internet, and manage electricity.
How Does Cloud Mining Work?
Cloud mining operates by mining in mining pools, where users receive “hashing power” from specialized remote server facilities. In return, users earn rewards based on the hashing power they choose, without the need for personal computer setups to participate in mining activities.
Benefits of Cloud Mining
Eliminates the financial burden of purchasing and maintaining expensive equipment, as these costs are borne by the owners.
By renting computational power, users can obtain a portion of the mining farm’s total earnings without directly paying for equipment or energy costs, increasing participation in mining.
Risks of Cloud Mining
The high value of cryptocurrencies attracts scams, leading to reported fraudulent activities.
Increased mining difficulty and competition among miners may reduce returns, potentially centralizing cryptocurrencies, contradicting their decentralized nature.
How to Avoid Cloud Mining Scams
Avoiding cloud mining scams is crucial. Conduct thorough investigations and verify the legitimacy of companies. Opt for transparent mining processes and fair pricing structures while remaining vigilant against companies promising excessively high returns or utilizing aggressive marketing strategies, helping you make informed decisions in the Bitcoin cloud mining field.
*This article was paid for. Cryptonomist did not write the article or test the platform.