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Best Bitcoin & Crypto Cloud Mining Sites Reviewed 2020

What is cloud mining?

Cloud Mining, or Mining in the Cloud, is a way to mine bitcoins without having to buy any hardware and without the need to own mining equipment (or mining hardware). Simply instead of buying Bitcoins, or mining with your own equipment, you buy some of the mining power, and you benefit along with other customers. This means that you only need a contract with the best Cloud Mining Services and a bitcoin wallet.

With cloud mining, a customer can purchase hardware mining capability provided in a data center. You can earn Bitcoins and other cryptocurrencies without worrying about hardware, software, bandwidth, electricity and all other things that mining is normally associated with. Bitcoin and cryptocurrency mining is done remotely in the cloud for maximum efficiency.

Best Cloud Mining Sites by Users Review

IdealMining: Legit Paying Cloud Mining
IdealMining: Legit Paying Cloud Mining

  • Add Time : 15/01/2020
  • Minimum Deposit : 15 USD
  • Minimum Withdrawal: 0.0001 BTC
  • Payouts : Manual
  • Referral : 5%

Investment Plans:

  • Offer: 0.5% - 1.5% daily for 2 years (730 days)
  • Fee: 0.5% - 1.5% daily for 2 years (730 days)

Bitcoin, Bitcoin Cash, Dash
Paying 1 CryptoUniverse – cryptouniverse.io Review

CryptoUniverse – cryptouniverse.io Review

PROJECT WORKING DAYS:Add Time : 09/2/2019 Our Investment : 400 USD ...

User rating:
7
Paying 2 Mizes – mizes.biz Review

Mizes – mizes.biz Review

PROJECT WORKING DAYS:Add Time :09/1/2019 Our Investment: 250 USD Payments: Manuel Minimum ...

User rating:
8.5
Paying 3 Gissis.com Review: Legit Paying Program! Earn 370% In 47 Days

Gissis.com Review: Legit Paying Program! Earn 370% In 47 Days

PROJECT WORKING DAYS:Add Time: 14/01/2020Minimum Deposit: 15 USDMinimum Withdrawal: 0.1 USDPayouts: ...

User rating:
6.7
Paying 4 Nextgain.biz Review: Hourly Paying Program! Earn 0.42% Hourly For 21 Days

Nextgain.biz Review: Hourly Paying Program! Earn 0.42% Hourly For 21 Days

PROJECT WORKING DAYS:Add Time: 12/01/2020Our Investment: 150 USDMinimum Deposit: 10 USDMinimum ...

User rating:
6
Paying 5 8bit – 8bit.ltd Review

8bit – 8bit.ltd Review

PROJECT WORKING DAYS:Add Time : 11/09/2018 Our Investment : 250 USD Payments : Instant Minimum ...

User rating:
6.5

Types of Cloud Mining

There are two types of cloud mining:

  1. Hosted mining: you send your miner to a company that provides electricity, refrigeration, and configurations. It is also possible that you rent a miner.
  2. Purchase of Hashing Power: it is the most popular method of cloud mining. Here you buy a quantity of hashing power (Hash Rate). Which means you don’t need to have physical mining equipment. In this post, we will focus on the Cloud Mining of this type.

Pros and cons of Cloud Mining

PROS:

  • Because cloud mining providers optimize everything, it yields higher profits.
  • Your home will be calm and cool: no noise or heat resulting from the equipment turned on.
  • Less electricity consumption: electricity bills will be much lower.
  • Problems with old equipment: it is not necessary to sell miners when they are no longer profitable.
  • It is not necessary to configure the bitcoin hardware.
  • Less risky: the possibility of being disappointed by the team decreases greatly.

CONS:

  • Scam risk: you can always have bad luck and get scammed in the process.

Most cloud mining companies are scams

Because it is easy for companies to take people’s money and then not pay. A company can pretend to be a cloud mining company without any proof of owning hardware.

Never trust the “FREE” offers, nothing is free.

So remember: 99% of cloud mining companies are scams.

Cloud mining companies that don’t pay

They are cloud mining services companies, which have suddenly stopped paying without notice. Those are the so-called “scammers” as they simply close the website and party with the cryptocurrencies of investors.

The reason why there are so many cloud mining scams is that it is very easy for anyone in the world to set up a website. Once the website is set up, you can state that the company has a large mining facility.

The company can act legitimately by sending down payments to its customers. But after that exit scam.

Cloud Mining – Conclusion

Overall, cloud mining will continue to gain popularity among users. It will also increase the demand for special hardware, for Bitcoin mining, for rent.

It will also increase the number of platforms that offer professional services to miners, and will seek to position themselves as the best sites for cloud mining.

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