Cryptocurrencies whether Bitcoins or altcoins are gaining recognition in mainstream financial systems. New products and concepts are introduced in crypto markets to improve the experience of the crypto community. “Ethereum Cloud Mining” is one of the latest concepts which we are going to discuss in this article. Along with it, a list of some paid and free websites associated with cloud mining will be reviewed for your convenience.
What Is Ethereum Cloud Mining?
Let us first try to understand cloud mining. As its name suggests, you must be imagining that some of the people are there on the cloud with a mining tool in their hand and digging deep. Oops! Sorry for the intended pun. This was just to relax your mind before starting to learn a new concept.
Cloud mining is a process to transfer or share technical power to mine cryptocurrency. If a crypto enthusiast is looking to enter into the mining community without investing much of funds, then cloud mining can be the best option to become a part of the mining process of crypto coins. Ethereum cloud mining can be understood as the process of producing ETH by sharing power consumption with minimal requirement of Bitcoin mining hardware. In a way, you pay somebody to rent out their crypto mining devices, electricity, and also for the mining process.
How To Start Cloud Mining Ethereum?
After getting fascinated with the concept of Ethereum cloud mining, if you wanted to start cloud mining Ethereum, you need to follow simple steps:
- Find a host means somebody who is willing to sell their Ethereum cloud services to you.
- As Ethereum facilitates smart contracts on their network, you need to agree upon terms and conditions of Ethereum mining contracts(which could be “minor investment-minor profit” to “huge investment-major profit”) set upon by the host.
- After some time, when you find the service legit and you are satisfied with services; you can upgrade the contract at any given time and gain from crypto mining.
You can start with cloud mining by finding a website facilitating the service of Ethereum cloud mining which could be free or paid. Let us give you both options in brief.
Paid Ethereum Cloud Mining Sites
Paid Ethereum cloud mining websites means you have to pay the initial fees to host or websites to initiate cloud mining. In addition to high hash speed, paid services grants you permission to control some of the decisions. Also, some of the rich mining fam rigs let customers tune in with the help of cameras and monitor the quality of work. Some of the websites which are popular in crypto space are:
Any individual who wishes to initiate taking part in the crypto mining process can easily start with Hash Flare with lower investment. Crypto experts at Hash Flare offer Bitcoin and Ether as the rewards to their users. The company offers you sufficient information on their website to prove their authenticity, so you can be sure while selecting Hash Flare. Also, the website offers you varied plans to invest in which best fits the needs. Fixed fees and instant withdrawal options are the added features of HashFlare.
Genesis Mining is considered as one of the most transparent host providers for Ethereum cloud mining. Genesis grants state-of-the-art mining rigs to its customers. They host cloud mining for Ethereum along with other crypto coins. The team of Genesis ensures for the profits, no matter whichever plan you choose to start mining. The majority of the crypto and mining community respects the reputation of the company since its launch in 2013.
HashGains is one of the providers of cloud mining that offers services like instant coin deposit and withdrawal, different hash powers with varying uptimes, and excellent efficiency with upscaling of equipment. It offers five different contracts for the purpose of Ethereum cloud mining, where one is a custom choice. Along with user-friendly interface, HashGains has cutting edge technology hardware and exceptional power back up system.
Free Ethereum Cloud Mining Sites
Another way to start the cloud mining of Ether is to find the cloud mining websites which do not ask for the initial fees or free Ethereum cloud mining sites. If you don’t have to deposit, then anyone can use it! But that is not the case, services are like free trial periods where the small percentage of earned profits is paid as rent to host websites (through smart contracts)
Swiss Gold Global
Swiss Gold Global is another hosting platform that can be deployed for Ethereum cloud mining. Daily payouts and secure platforms are two of the striking features of this website. Ranging from $250 to $5000, the company offers four different contracts to the people interested in cloud mining. One of the services of Affiliate marketing pulls the mining enthusiasts towards Swiss Gold Global where commissions can be converted to lifetime or contracts. Also, it allows you to sell back your earnings and stop your contract at any given time. With a decade of experience, SGG is one of the leading free Ethereum cloud mining services.
Nice-Miner is in a way Nice as it does not let you purchase mining hardware to start the Ethereum cloud mining with no initial cost. With a free registration bonus, it also provides an affiliate bonus of up to 15%. Nice miner offers three different packages, not based on the amount but based on time period, i.e,3 months, 5 months, and lifetime. The packages offered by Nice- Miner is relatively affordable than other hosts or websites facilitating cloud mining.
Ethereum Miner (ethrun.net)
With a user-friendly interface, Ethereum miner let you exclusively mine Ether. The easy setup process and affordable plans to choose which attracts the newbies or crypto mining enthusiasts at higher rates. Along with offering the plan range from 0 to 10ETH, Ethereum Miner also suggests you about the Ethereum wallet and the platforms from where you can purchase ETH. With no investment from your part, it can earn quite a decent amount on a daily basis. It is one of the options for the best Ethereum cloud mining free.
Thus, both paid and free hosts captivate the attention of the crypto miners. We cannot advocate that due to free Ethereum mining websites, crypto miners are attracted more towards it. Experienced and advanced traders generally go for the paid services due to their extra appealing features. It can be concluded that the best Ethereum cloud mining pool would be that, which fulfills your requirements and is affordable to you.