2017 RANKING & REVIEWS
TOP RANKING BEST BITCOIN CLOUD MINING PLATFORMS
Reputable Platforms for Bitcoin Cloud Mining
If you need a way to earn a little extra spending money, cloud mining may be just the solution you’ve been looking for.
Making use of digital currency and allowing consumers to rent the technology necessary to uncover it, the best bitcoin cloud mining platforms are making bitcoins more accessible to the general population.
Bitcoin is a form of digital currency that uses encryption in order to regulate the currency. It is both created and held electronically with no overarching control system as most countries have with standard currency.
They can be used to pay for purchases anonymously, while others choose to use them as a potential investment strategy.
Award Emblem: Top 6 Best Cloud Mining Platforms for Bitcoin
In order to be the fastest bitcoin miner, you used to need your own mining equipment. These systems required a lot of technological know-how and some intense start-up funds before you could begin bitcoin mining online. However, you can also start to look at the bitcoin cloud for more options.
With the advent of the best cloud mining programs, consumers can now begin bitcoin mining online without the expense or the equipment.
If you’ve been interested in getting started with digital currency, you’ll want to find out more information about the best bitcoin cloud mining programs on our ranking. You’ll be earning digital currency in no time at all with these top cloud mining platforms.
AdvisoryHQ’s List of the Top 6 Best Bitcoin Cloud Mining Platforms
List is sorted alphabetically (click any of the platforms below to go directly to the detailed review section for that cloud mining site):
Top 6 Best Bitcoin Cloud Mining Platforms | Brief Comparison & Ranking
Cloud Mining Platforms
Maintenance and Electricity Fee (per GHS per day)
Cost per GH
$0.15 (must purchase at least 200 GH on Gold plan for $30)
$0.12 (must purchase at least 10GH for $1.20)
$0.1868 per GH (must purchase at least 100 GH)
One bitcoin for 6 TH/s
0.84CNY per share and 6% mining income
0.16 bitcoins per share
Table: Top 6 Best Cloud Mining Services | Above list is sorted alphabetically
What Is Cloud Mining?
Many consumers are starting to enjoy the idea of using bitcoin to pay for their everyday items, but they lack the ability to get started.
Technical know-how and expensive equipment are pretty much required if you want to find bitcoin online by yourself. However, many users are now looking into bitcoin cloud mining in order to earn bitcoins online without either of these items.
How does bitcoin cloud mining work?
First, you’ll have to select one of the best cloud mining platforms in order to determine the details of a contract. Bitcoin cloud mining is becoming increasingly popular, which has the potential to be a double-edged sword. Without extensive research, some users are finding that there is definitely a risk of fraud inherent to this type of system.
Once you find the best bitcoin cloud mining platform, it’s time to take a look at your contract.
Image Source: Pixabay
In its most basic form, cloud mining allows you to rent the equipment necessary to create a steady flow of bitcoin into your virtual wallet.
Your contract will determine the power of the equipment you rent and the length of time that you can utilize this equipment.
For many users, the best cloud mining platforms are a better investment. It saves them on the electricity required to run the equipment from the comfort of their home.
Perhaps even more than that, it saves them from selling and purchasing new mining equipment each time that their current version is deemed obsolete or too slow to continue.
When you are investigating the prices for the best cloud mining sites, you should keep an eye out for maintenance and electricity fees. Sometimes abbreviated as MEF, these costs help to offset the rental company’s costs for running the machines.
You should be paying attention to these “hidden fees” because they can seriously eat into the profitability of your cloud mining.
As many of the review sites for cloud mining bitcoin will point out, there are a fair number of non-reputable dealers. These platforms will advertise the ability to earn bitcoins online but charge maintenance fees throughout that make it an unprofitable endeavor. In some scenarios, it could even cost you to make use of bitcoins mining through these platforms.
Take caution when investigating bitcoin mining online in order to ensure that you are dealing with a reputable and worthwhile cloud mining operation.
All-in-One Change Management Tools
Top Rated Toolkit for Change Managers.
Get Your Change Management Tool Today...
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review—Top Ranking Best Bitcoin Cloud Mining Platforms
Below, please find the detailed review of each platform on our list of bitcoin cloud mining websites. We have highlighted some of the factors that allowed these best cloud mining platforms to score so high in our selection ranking.
Eobot is certainly one of the cheapest ways to become an online bitcoin miner without the need to purchase your own equipment. With their bitcoin cloud, you can begin to earn digital currency quickly for minimal overall cost.
They state that you can begin to earn digital currency and bitcoin immediately, with an update provided every sixty seconds.
Currently, there is an extensive network of users who have discovered this best cloud mining platform. According to their own statistics, more than 650,000 individuals have already selected Eobot as their best cloud mining platform with more than 2PHS of SHA-256 bitcoin mining capacity running.
In addition to being able to make use of their bitcoin cloud mining software, users can also run their software in the background of their own computers.
With their online bitcoin mining software running on your personal computer, you can begin to mine modest amounts of digital currency in your spare time for free.
However, you will likely fare much better to use their bitcoin cloud mining option instead.
Not sure how long you might be interested in cloud mining? Opting for a contract for bitcoin cloud mining through Eobot provides you with plenty of flexibility. You can choose a five-year contract or a 24-hour contract depending on what you specifically need or want.
When it comes to fees, even the best bitcoin cloud mining tends to have maintenance and electricity fees. Eobot has a maintenance and electricity fee of $0.00021 per GHS per day for the S9 and 4.0 GHS.
The cost for renting their GHS 4.0 software is just $0.22 per GHS in addition to the maintenance fee listed above.
Genesis Mining Review
Founded by engineers, mathematicians, and programmers that are at the top of their field, Genesis Mining is quickly becoming known as the best cloud mining platform. Founded at the end of 2013, this cloud mining bitcoin company is rapidly growing.
More than half a million users are signed up to harvest bitcoin online through their program.
By the end of 2014, Genesis Mining became the largest scale multi-algorithm cloud mining service.
Contracts work slightly differently through these best bitcoin mining platforms compared to competitors. Instead of purchasing the exact amount of GH you want, you purchase in chunks according to the available plans:
- Gold: 200 GH/s for $30.00
- Platinum: 2,500 GH/s for $350.00
- Diamond: 15,000 GH/s for $1,950.00
- Custom: Create your own plan for a custom fee
When it comes to the costs for mining bitcoin online with this best cloud mining program, you’ll face some of the same costs you see with most of the other platforms. On open-ended contracts for cloud mining, you face a maintenance fee of $0.00028 per GH per day.
You may also find special pricing through one of their regular promotions. Customers may receive upgrades or promo codes to add an additional percentage onto their earnings or to receive discounts on their contract.
Consumers who are interested in other aspects of the digital currency realm can also mine for alternative cryptocurrencies. Purchased hashpower allows you to decide which coins you want to mine and allocate it accordingly.
Image Source: Genesis Mining
If you want quick access to the payout from cloud mining, Hashflare may be the best fit for your needs. This option for the best cloud mining service allows you to become an online bitcoin miner with very little investment on your part. With more than three years of experience in bitcoin mining, Hashflare is one of the leading options for bitcoin mining online.
One of the best aspects of utilizing Hashflare as the best bitcoin cloud mining service is their unlimited term contract. Unlike some companies that lock users in for a specific period of time, consumers on Hashflare have a contract with no time limit and no expiration date. You decide for how long or short of a time you would like to use this best bitcoin cloud mining software.
They have a very low fee for their best bitcoin cloud mining service, making it easily accessible to all users. Consumers can choose from their two basic programs:
- SCYRPT Cloud Mining: 1 MH/s for $6.20
- SHA-256 Cloud Mining: 10 GH/s for $1.20
When it comes to the fees for the popular SHA-256 bitcoin cloud mining service, there is an additional maintenance fee as well. Users can expect to pay $0.0035 per 10 GH/s per day.
Once you agree to a contract with this best cloud mining software, it begins to mine bitcoin for you immediately. Your very first payout could be in as little as 24 hours from the time it begins. ‘
Hashing 24 Review
Hashing 24 is great for users who want to get starting with cloud bitcoin mining with a larger investment. Unlike some of the other bitcoin cloud mining services that feature lower entry points, Hashing 24 has a slightly higher entrance fee that also offers more power to find more bitcoin.
Unlike some of the other services that offer the best cloud mining, Hashing 24 doesn’t have as much flexibility when it comes to purchasing just a few GH of hashing power. The minimum contract amount covers 100 GH.
In order to set up a plan, you must first select the number of hosts and the amount of power that you need to earn bitcoins online. From there, it combines your maintenance fees and the cost per GH to give you a price for your initial fees (includes a one-time allocation of ordered power).
A 100 GH/s plan from one host will cost $18.68.
Daily maintenance fees for the equipment cost $0.00033 per GH per day.
Contracts are automatically canceled whenever the cloud mining doesn’t produce enough to cover the daily cost of service for three days running. This makes it relatively simple for users to move on to another company or to create a contract with Hashing 24 using new mining equipment that could be more effective at bitcoins mining.
You receive an automatic deposit of all profits earned from cloud mining directly into your virtual wallet with immediate access within 24 hours. This is ideal for individuals who want or need the fastest access to the bitcoins mining they support in their spare time.
Image Source: Hashing 24
Popular Article: How Robo Investing & Algorithmic Trading is Disrupting Wall Street
With one of the most flexible plans for mining bitcoin online, Hashnest is a great resource for users who want to start becoming an online bitcoin miner. They can save on the cost of equipment and the hassle of maintenance when they opt into these best cloud mining services from Hashnest. In fact, their equipment is so reliable that it even boasts a 99.9% uptime guarantee on their best cloud mining platform.
The contracts available through Hashnest are a little different than the other contenders for the best cloud mining service on our ranking. They use a PACMiC, which stands for a Payout Accelerated Cloud Mining Contract. In this scenario, it ultimately benefits users who pay no maintenance fee on the equipment.
Essentially, investors are purchasing a part in the cost of the equipment used as the fastest bitcoin miner. Once all the principal is paid back, the equipment belongs to BITMAIN but until then, profits are shared among buyers.
On the sales open day, each PACMiC is sold for just one bitcoin and becomes active immediately. This gives users 6 TH/s of hashing power to uncover bitcoin online.
Contracts end when the principal is paid in full, unless it is not recovering capital and covering the cost for its own electricity and maintenance.
You can also make good use of the apps, available for both Apple and Android products, to help with cloud mining bitcoin. This allows you to help keep track on your online bitcoin miner and its productivity throughout the day.
Considered by many users to be “the most professional bitcoin mining pool,” ViaBTC allows users to earn bitcoins online with ease. Allowing you to purchase individual shares in their bitcoin pool, this company is one of the largest competitors in the industry when it comes to cloud bitcoin mining.
According to Coinstaker.com, ViaBTC is one of the newest bitcoin cloud mining softwares on the Internet today. Started less than a year ago in June 2016, this cloud mining bitcoin site has been said to have high hashing power with a large percentage of found blocks.
How did this become one of the fastest bitcoin miner options? Well, the company itself is backed by Bitmain, the company that created the Antminer hardware that is so prevalent throughout the industry.
When you sign up for a contract with this company, you purchase in shares instead of per GH as you do with some of the other best bitcoin cloud mining services. Each share will cost approximately 0.16 bitcoin.
They are predicting estimated daily earnings of 0.00042257 bitcoins per share when you purchase one of their S9 contract shares.
Daily earnings for ViaBTC are paid out quickly with earnings of a minimum of 0.001 bitcoins issued at 10:00 a.m. on a daily basis. There are no transaction fees or commission charges on each payout issued.
Conclusion—Top 6 Best Bitcoin Cloud Mining Platforms
Users who love the idea of bitcoin mining online instead of maintaining their own equipment have no shortage of companies to sort through. It seems that there are tons of websites claiming to help you uncover bitcoin online—for a fee, that is.
Keep in mind that it is possible to find fraudulent websites aplenty when it comes to finding bitcoin cloud services. In an effort to help you get started with bitcoin mining online successfully, we compiled this ranking of the best bitcoin cloud mining services in the industry that are reputable and safe.
While there are no guarantees to how much money you can make on a daily basis through cloud bitcoin mining, it’s easy and relatively safe to take a gamble with bitcoin cloud mining services. Investigate the world of cryptocurrency for yourself with these bitcoin cloud mining services readily available for your use.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.