Cloud mining in 2019. TOP-3 web sites

News
28/05/2019
Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.

Investing in cloud mining allows you to get cryptocurrency only without using your equipment. With cloud mining of coins, equipment is rented from services that have powerful data centers with ASIC and GPU farms for cryptocurrency mining.

Cloud service reduces the problems and difficulties with the mining process:

Slow Internet network and the electrical network ,

setting up and maintaining equipment in work,

high noise and heat generation of the servers (no need to cool the room),

legal issues in the field of legislation and taxation.

For 2019, the most popular and reliable cloud mining web sites are:

HashFlare — the largest cloud mining service, combines reliability proven by many years of work, favorable rates and the highest total power. But unfortunately, since March 2018 there are no free Bitcoin mining contracts for sale, only previously purchased contracts are supported. Located in Europe, on the territory of Estonia and Iceland.

Hashmart offers Bitcoin mining contracts from data-centers in Siberia. Hashmart is an official reseller of industry-leading companies, air and cooling technology. You get maximum performance at low cost. Founded in 2016, HashShiny.io is a cloud-based solution for mining cryptocurrency fitting all types of users. It comes with 1.5% of the world’s BTC Hash Rate. Not only the platform mines multiple cryptocurrencies (BTC, LTC, DASH, DCR, ETH, ZEC), but it also rewards its new users with a solid signup bonus.

IQ Mining — the company, which was founded in 2016, user-friendly interface, stable operation, quick payments. The uniqueness of the service lies in the fact that the system monitors the performance of mining on different algorithms and automatically disables low-income alt-key. Location data centers: Canada, Russia, Iceland, China.

The profitability of cloud contracts is due to the fact that the companies providing the service, as a rule, are producers of mining equipment or purchase equipment directly from such plants as Bitmain with significant discounts and in priority queues.

This significantly reduces the costs, and the consolidation of data in large data centers reduces maintenance costs. Thus, this model of work is beneficial to all participants, since it allows get more profit.
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