Ethereum is the 2nd biggest cryptocurrency in the world. The value of Ethereum is unstable, which makes it very interesting for investors and miners. With Ethereum cloud mining you can earn Ether without investing in expensive mining equipment.
Ethereum cloud mining has become a very popular and profitable business. Using Ethereum cloud mining you can mine ether without having a dedicated computer or hardware. The services listed below have been tested by our team and they will help you get started with your own Ethereum mining project.
A good cloud mining service should offer you a user-friendly website, a reliable and transparent mining platform, as well as good customer support service.
To find the best fit for your needs, go through our top 5 best Ethereum cloud mining sites list.
What is Cloud Mining
Cloud mining is a process of mining cryptocurrency (Bitcoin, Ethereum, etc.) without the need for hardware. It is an alternative way to obtain coins with minimal effort. Cloud mining providers allow users to purchase mining power of the hardware placed in remote data centers for a certain time and get cryptocurrencies in exchange.
The main advantages of cloud mining include:
- Reduced risk – you don’t have to buy expensive equipment or worry about its maintenance and repair;
- Low cost – you don’t pay anything but just buy hashrate;
- High profit – this method allows you to earn on the growth of Bitcoin price;
How Cloud Mining Works
Cloud mining is a way to mine cryptocurrency without the need for hardware. Cloud mining is usually done through an intermediary company, which will provide you with a contract that allows you to mine the algorithm of your choice in exchange for a fee. You’ll then receive Bitcoins or other cryptocurrencies proportionate to the amount you contributed towards hashing power.
Cloud mining is a concept familiar to anyone who has ever rented out an apartment. If you have an extra room in your apartment that you aren’t using, you can rent it out to someone else and they will pay you to use it.
Cloud mining is pretty much the same idea, except that instead of an extra room, you are renting out parts of your computer’s processing power (called “hash rate” in the cryptocurrency world) to others. You won’t be doing any of the actual mining yourself, but you’ll still get paid for letting someone else do it on your computer.
5 BEST Ethereum Cloud Mining Site
Here are some of the best Ethereum cloud mining sites:
Genesis Mining is a cloud mining company that was founded in 2013. Genesis Mining is a trusted company that has been in the business for over 5 years. Genesis Mining is one of the largest cloud mining companies in the world and offers many different services including Ethereum cloud mining, Zcash, Monero, Dash, Litecoin and Bitcoin Gold to name a few.
The reason why they are one of the best is because they have an easy to use interface where you can see your hash rate on all your contracts as well as watch videos about how to set up your Ethereum wallet directly from their website.
Hashgains is a cloud mining company that offers Ethereum mining services. Hashgains is one of the top Ethereum clouds mining providers and offers a variety of Ethereum mining plans. In addition to being a good cloud mining service, HashGains also has a great reputation among Bitcoin miners and Ethereum miners alike.
It has been around for almost two years now and can be trusted as an honest company providing quality services at affordable prices. Since its inception in 2017, they have earned their customers’ trust by offering them excellent customer support services via live chat or email 24/7 365 days of the year!
IQ Mining is a cloud mining service that offers Ethereum and Bitcoin mining. IQ Mining is a part of the HashCoins Group, one of the most reputable companies in the Bitcoin mining industry.
IQ Mining uses its own data centers to mine cryptocurrencies using only renewable energy sources such as solar or hydro power.
IQ Mining provides Ethereum cloud mining services. It was created by a group of crypto enthusiasts who used to work for the largest Bitcoin mining farm in North America. Due to the complexity of mining, it is not an easy task for someone to start mining Ethereum on their own. The team at IQ Mining has simplified this process so that anyone can mine Ether with little effort.
NiceHash is one of the best cloud mining sites, where you can mine different types of Cryptocurrency. It gives you good profit if you invest at nicehash and it allows you to mine different cryptocurrencies like Ethereum, Zcash, Monero, Dash and Litecoin as well as stablecoins such as USDC and more. The best thing about NiceHash is that it does not need your computer to be connected to the Internet all the time for your rigs to mine.
It is a place where you can buy and sell your hashing power to mine cryptocurrencies which you can trade for crypto pairs such as ALGO USDT and several pairs more. You can mine any cryptocurrency using their platform. It is the best place for buying hashpower because of its high quality, low costs, and speed of delivery.
Hashshiny is one of the best Ethereum cloud mining sites on the market and has a great reputation. The company offers lifetime contracts, which means you will own your contract for life and can start making money immediately. Hashshiny also has a reliable and trusted site that makes it an ideal choice for beginners who want to learn about cryptocurrency mining without much hassle or risk.
It was listed as one of the best Bitcoin cloud mining sites of 2016, and the same goes for Ethereum mining. What makes Hashshiny stand out among other similar websites is the fact that they accept a wide range of cryptocurrencies, including Ethereum.