12 Best Cloud Mining Sites for 2024

Have you ever considered putting together your own crypto mining rig but realized it would cost you tens of thousands of dollars, on top of the headache caused by utility bills, upkeep, and the sound produced? 

That’s where cloud mining sites save the day with their hassle-free plans that don’t cost you an arm and a leg. Read on to learn about the 12 best cloud mining sites and find the one that works for you. Let’s get started!

Reviewing the Best Cloud Mining Sites

Understanding the basics isn’t enough when searching for the best cloud mining site. The whole process requires in-depth research of mining packages and pricing, trading leverage, rewards, ROi, and other features. Let’s take a deeper look at each one of them, and help you pick the best option.

1. CoinMiningFarm – Overall Best Eco-Friendly Bitcoin Mining with Diverse Contract Options

One feature that makes CoinMiningFarm the best choice is that it is an eco-friendly cloud mining platform that mostly uses green energy sources like water, wind, and geothermal power (at least 90%). The platform focuses exclusively on Bitcoin mining—offering a range of contract options to suit different investor profiles.

You can start with a $50 plan for a year or choose a shorter plan, like the $500 7-day plan. A 365-day “diamond” plan for more skilled miners gives 1.10% daily returns on investments between $1,200 and $5,499. CoinMiningFarm focuses on security with AES 256-bit encryption and uses a liquidity pool to stabilize profits against Bitcoin’s volatility.

The platform provides daily payouts and a profit calculator to help users estimate potential returns. However, it’s worth noting that CoinMiningFarm only accepts Bitcoin for payments, which may limit accessibility for some users.

2. CryptoTab — Top Mining Browser & Mobile App

CryptoTab offers a great Bitcoin cloud mining app and browser setup with mining features. The platform also offers crypto boosts that can increase your mining output up to 100x (depending on the device or browser) in the right condition.

Just click on the Cloud Boost, and you’ll be on your way with an output increase. Meanwhile, the Dashboard lets you track your mining progress. You can see everything from your hashrate, balance, boost potential, generated crypto for the day, and growth charts.

The key point to note here is that CryptoTab’s mobile mining app works as a cloud miner and doesn’t use your computing power. On the other hand, the PC browser has an in-build mining feature that allows you to actually mine crypto and go beyond the limits of cloud mining, but at the cost of your computing power.

3. MasHash – Secure Cloud Mining Platform with Daily Free Computing Power

MasHash is a popular cloud mining platform founded in 2019. It wants to make crypto mining easy for everyone. This platform is safe and reliable, and it offers a range of contract choices that make it easy for users to mine Bitcoin and other cryptos with high-profit potential.

MasHash gives new users a $50 bonus when they sign up and free computing power every day to jumpstart their mining journey. The platform has a range of flexible plans, from a free one-day trial to longer-term choices that last up to 12 days. Investments start at just $50 and go up to $60,000 for the most expensive contracts.

One of the best things about MasHash is that it prioritizes security. The site uses strong security measures from McAfee and Cloudflare, and most of the money is kept in offline “cold wallets” to protect investments. After making an order, users can start mining right away. Profits are paid every 24 hours, and all fees are clearly shown.

MasHash uses the newest ASIC miners and GPU rigs to make mining more efficient. The $60,000 contract uses the Antminer S21 XP Hyd 473Th/s for mining. It uses solar energy to power miners and cool systems to be more eco-friendly. The site also has an affiliate program that lets users make extra money by getting others to use it.

4. Binance Cloud Mining — Educational Materials Great for Beginners 

Binance offers its own cloud mining system via the Earn option. Once you select your preferred cloud mining product, you can use your on-site wallet to process the payment in USD. You are not required to pay any hashrate or deposit fees, making this a trusted and attractive option. However, you’ll have to cover electricity and service fees.

You’ll be able to see the true hashrate at every turn, have multiple contracts open, and benefit from a real and dedicated support team. So far, there are no additional tools and you can only pay in USDT, but the cloud mining section of the platform should be expanded fairly soon.

However, the service is sold out at the moment, so you will have to rely on other products from Binance’s Earn program if you want to earn passive income. If you already have a mining rig, you can use the Binance Mining Pool to create up to 100 accounts and connect your mining rig directly. 

5. ECOS — Ideal Mining Solution for those Looking to Mine on their Smartphones or PCs

ECOS has been in the cloud mining business for years and has 550,000 loyal users. This reliable and reputable platform provides transparent registration and address details for Its Armenia-based facility. It even has social media channels where it posts the latest updates and emphasizes its dedication to users.

It all starts with flexible plans, allowing you to take charge of the mining. Based on your financial situation, you can get a standard mining budget or rent a rig located in their facility for as long as you’d like. You can customize your preferences, including the mining period, power output, and speed. 

It’s also possible to begin cloud mining Bitcoin for just $50, whereas plans start at $150. Additionally, you can try a free one-day demo with 234 TH/s output, use their dedicated app to track system generation, and transfer funds to your integrated wallet.

6. Kryptex – Offers Accessible Crypto Mining for Windows Users

Windows users can use Kryptex to mine cryptos easily and earn Bitcoin using their computers’ idle power. The app stands out because it is quite easy to use, which means that even people who aren’t very good with technology can start crypto mining.

Users can choose between a “lite” mode when they’re actively using their computer or a “full” mode when idle. Earnings vary significantly based on hardware, from approximately $95 per month for a gaming PC to about $13,570 per month for a large mining farm. Kryptex also provides a mining calculator to help users estimate their potential earnings based on their specific hardware and local electricity costs.

The platform’s withdrawal limit is $0.5, and you can choose from several different payment methods, such as Bitcoin, Ethereum, bank cards, and even Amazon gift cards. It’s worth noting that Kryptex focuses on high security with tools like two-factor authentication (2FA).

7. Hashing 24 — Best Option With a Demo Mining Account

For those looking for a pioneer in the industry, Hashing 24 has been around for more than 10 years. During that time, it managed to provide miners with more than 1,000 BTC mined and withdrawn by platform users, as well as low starting investments from 1TH/s.

You also get to use the calculator to count your block reward by power expressed in TH/s, as well as witness the current BTC mining difficulty. Of course, there’s also a demo mode, which enables players to try out the mining tab and its features, as well as get your first demo mining setup. 

They have 24/7 ready live chat support, and you’ll have access to one of the best cloud mining apps for Android and iOS.

8. Hashmart — Combines Mining and Staking Plans With Extremely Low Fees

Hashmart can be a great option for those seeking a complete solution with the best service. It uses top-of-the-line automatic Bitcoin cloud mining technology and has major mining facilities across Asia.

You don’t need to pay any fees; you get a 99.97% uptime, and mining starts as soon as the contract order has been placed. The platform offers same-day payouts, similar to those of AST Mining. 

You can get started for as little as $52.40 per month and move up to the $374.31 plan for Ethereum mining. Moreover, you can either add your equipment to the mining pool or use their full cloud mining solution.

9. HashShiny – A Popular Cloud Mining Platform with Flexible Options

HashShiny is another popular cloud mining service that began in 2017 and supports Bitcoin, Zcash, Ethereum Classic, Dash, Dogecoin, and Litecoin. The site’s unique feature is that you can choose from different mining pools. It also uses the newest ASIC miners and GPU rigs.

For Bitcoin, users can start mining for as little as $0.55 per 10 GH/s. However, the prices are different for other cryptos. It’s worth noting that all contracts last for two years. 

HashShiny provides daily payouts, with the first payout occurring within 24 hours of payment. One of HashShiny’s key features is its analytical portal. It gives you real-time data, such as live hashrate graphs. The site also has a mining calculator that lets users figure out how much money they can make by mining cryptos.

10. BeMine – AI-Optimized Cloud Mining with Free Trial

Another promising cloud mining platform that’s easy to use is BeMine. It’s quite unique as it leverages the power of AI to optimize its mining operations. The platform also offers a free 17-day trial that lets new users try mining before committing to it.

Mining choices for users include renting ASIC miners, buying mining packages, or using “Pool Miners” if they don’t have their hardware. BeMine offers contracts for Bitcoin and several altcoins with different durations and mining power options.

It’s worth noting that AI-powered mining optimization adapts to market changes and helps users potentially increase their profitability. It also has a profitability calculator to help users estimate potential investment returns.

11. AST Mining — Most Diverse Contract Packages

Our experience at AST Mining has been rather compelling, considering that brand-new cloud mining platforms are popping up constantly. The platform works exactly as promoted, actually making interest payments every 24 hours.

You can choose from nine different packages, which is more than enough for every type of investor. They go from $30 per day all the way up to $6,500 for three days with higher computing power and an expected ROI of $507. The Android and iOS apps are easy to use, and you can download them directly from the site. You can also access the live chat support when needed by clicking on the on-site link.

12. StormGain — Complete Trading Solution With Cloud Mining and Tracking Trading Signals

If you are a crypto enthusiast who likes to combine all your crypto endeavors in one app, StormGain might be the place for you. It offers cloud mining capabilities alongside daily trading, signal tracking, and proven leverage. Additionally, it provides its users with a dedicated trading and mining app with a complete breakdown of the analytics and market trends for each cryptocurrency.

You get to enjoy zero trading commissions, free Bitcoin cloud mining plans, and a chance to use the on-site exchange to process your withdrawals and swap crypto. StormGain is said to have the highest leverage on the market. You can use their source materials to get a head start, even if you are new to the field.

What Is Cloud Mining?

Ever wondered if Bitcoin mining is still profitable in 2024? If so, then let’s introduce the concept of cloud mining. Cloud mining is a process of renting mining rigs located in warehouses and computing facilities of cloud mining platforms. In this case, you’ll have to pay different fees to use their rigs, including service fees, electricity fees, etc. Moreover, the price of your package might come with different mining outputs, speeds, boosts, and fees.

It’s possible to access free cloud mining through sites like StormGain. The benefits of mining crypto this way include less hassle for you, the end user, as the company in charge of cloud mining will handle all the rig building and upkeep. It’s not necessary to spend thousands of dollars on a setup when you can rent one for a couple hundred dollars.

How Does Crypto Cloud Mining Work?

Cloud mining is usually done through storage units filled with mining rigs in cost-effective areas. For example, Hashmart has dozens of mining facilities in Asia, offering deals for as low as $52 per month. By using these facilities, platforms can cut their power costs, which are especially expensive if you are based in Europe or the USA.

This gives cloud mining companies access to funds so they can order mining equipment in bulk and build a more optimized facility. It also offers users the option to access these facilities at a certain cost without needing to have the technical knowledge or go through the ordering, setup, and optimization process of maintaining a rig. 

While cloud mining, you can also use in-house exchanges and wallets to store your generated coins, sell them, or swap them for other crypto. It’s also possible to pick one of the 10 best anonymous crypto wallets in 2024 for non-custodial control over your mined assets. Most of them also offer staking opportunities and trading signals, so there are more ways to earn than just by mining. 

Cloud Mining vs. Traditional Mining

Buying a standard mining setup could cost thousands of dollars and it still wouldn’t be so easy to go past the 30 TH/s mark. On the other hand, using a cloud mining plan for just under $100 per month could easily push 50 TH/s.

Having a traditional rig seems profitable in the long run, but it’s a numbers game, really. Newcomers to the field can take a look at a latecomer’s guide to crypto for helpful insights about some additional costs to worry about.  

For example, electricity costs and the fact that the rig might have spent years mining before the purchase are major deterrents. On top of that, optimizing a mining rig requires deep technical knowledge. Therefore, cloud mining may be the best option for you. Today, mining crypto only makes sense with a higher-spec ASIC rig or a similar setup worth at least $15,000, so it makes sense to pursue cloud mining options.

What Cryptocurrencies Can You Cloud Mine?

Not every cryptocurrency can be mined. In fact, only a couple of cryptocurrencies that use a proof of work consensus algorithm are considered mineable. Others, on the other hand, offer different options for participating in their network. 

Apart from Bitcoin, other popular options include Monero, Dogecoin, and Litecoin since you can make quite a lot by following market trends and selling at the right time. There’s always a possibility of mining newly-emerged meme coins, but you should note that most cloud mining platforms are limited to BTC and a few other popular options.

Here’s a brief list of some of the most commonly mined currencies:

• Bitcoin Gold
• Monero
• Dogecoin
• Litecoin
• ZCash
• Ravencoin
• Dash

Can Crypto Cloud Mining Be Profitable?

If you use the best Bitcoin cloud mining sites, the whole endeavor can be profitable. On the other hand, making money with your own rig and setup is a bit more difficult. Plus, you need to consider industry trends and price fluctuations and stay abreast of the latest changes. 

That said, you also need to know what you are getting into with cloud mining platforms. Certain options will help you generate proven profit, with plans starting at just $50. But that’s not enough; you need the service to offer something more, such as referrals and reward programs, to earn from cloud mining. 

Cloud mining takes longer to turn a profit than owning a rig, but it’s a more effective and convenient way of hitting small numbers within just a few days. Of course, it all depends on the market fluctuations and the recent Bitcoin plunge below $63k, which triggered a wave of liquidations. In other words, these situations are always unpredictable and affect your mining profit potential.

Fees & Costs of Cloud Mining Crypto

Finding the best cloud mining app is crucial for getting proven results and maximizing profits. Naturally, you’ll be looking at fees for the service itself, as well as processing payments, and these are all the fees you can expect to run into, namely:

• Service fees
• Mining pool fees
• Payment fees
• Gas fees
• Withdrawal fees

All these combined could take up to 5% of your generated amount. Meanwhile, that percentage could very well be your profit with the price of a monthly plan deducted. Therefore, you should check the details about fees in the pricing plan before you begin.

Service fees alone often cost between 1% and 2% of your earnings, so that instantly leaves you with a lower profit. Gas fees may also depend on the wallet, while mining pool fees depend on the pool and currency. 

How to Cloud Mine Bitcoin

Cloud mining Bitcoin requires you to use a high-quality service like CoinMiningFarm. Since it’s our number one pick, we’ll use it as an example of how to start your first cloud mining endeavor:

1. Visit the Coinminingfarm website and click “Sign Up” to create your account.
2. Once registered, log into your account and go to the dashboard.
3. Explore the various investment plans available, ranging from Basic to Ultra plans.
4. Select a plan that suits your budget and investment goals.
5. Choose your preferred payment method and make your deposit.
6. Your mining contract will be activated immediately after payment confirmation.
7. Monitor your earnings through your dashboard.
8. Receive daily payouts directly to your account balance.

Is Bitcoin Cloud Mining Safe & Legal?

There’s nothing illegal about cloud BTC mining — it’s as legitimate as doing it the old-fashioned way. However, there’s a lot of shady action in the marketplace, and scam sites have become a constant threat. To avoid these problems and keep your mining profits, you must pay extra attention when picking your mining platform.

You can use our list of the best cloud mining sites in 2024 or apply these few useful tips to find a platform of your own:

1. Reach out and verify real-life warehouse locations.
2. Check user reviews, feedback, and forums.
3. Don’t trust high-return promises.
4. Avoid using websites with unclear terms or high fees.
5. Beware of recommended profit opportunities marketed by the platform.

Even with all that information, it’s still hard to tell whether a site is legitimate. The best way to find out is by going through user reviews. We are also witnessing new technologies like Opera Mini’s mobile browser anti-malware mining protection being implemented by the day, so keep up with the latest trends to stay safe.

To do that, you have to get familiar with some of the main risks, namely:

• Platform Risk: It’s crucial to select a reliable cloud mining platform since there’s a lot of shady stuff going on in this industry. Once again, try to find as much information about the platform, including its track record, images of its real-life facilities, community reports and reviews, etc.
• Contract Risk: Cloud mining contracts can often be unclear or unfair, leading to potential financial losses. Always make sure to read the specifics of the contract, mainly regarding what causes a termination of one. Most negative reviews for cloud mining sites come from users who didn’t read the terms and conditions properly, and got their contract terminated as soon as it turned unprofitable. Make sure to choose a platform that offers some leeway when it comes to unprofitable days, as numerous factors (such as price drops or hash rate spikes) can cause temporary bumps in your cloud mining endeavor. 
• Mining Difficulty Spike Risk: This occurs when lots of investors globally deploy additional rigs and start mining crypto, making it tougher for other miners to find blocks. This is the reason many cloud miners have had their contracts terminated — they didn’t take into consideration the future hash rate, but rather just the current one. When projecting profits, use mining calculators that take into account future hash rate increases.
• Price Volatility Risk: You never know for sure if the price of crypto is going to go up or down. If you invested in cloud mining at a crypto’s peak, you may end up with close to no gains, or even a terminated contract due to unprofitability.
• Consensus Algorithm Change Risk: You have to assume that it’s possible for other coins to live through Ethereum’s fate. It changed from PoW to PoS, rendering ETH cloud mining useless since the coin can now only be staked. While this is a rare occurrence and happens slowly, it’s always good to predict such events and adapt to them as quickly as possible.

Conclusion

Now that you’ve taken a tour of the best cloud mining sites in 2024, you should be at least a bit closer to choosing your perfect platform. We hope you’ve learned something valuable here, not just about cloud mining but about crypto mining in general. 

With reports on ETH moving away from the grid and BTC alternatives carrying on where the original left us, it’s important to know the background of these sites. While choosing your preferred platform may be a daunting task, doing your own in-depth research and finding a reliable one could be a great way of earning passive income on the crypto you already hold.

References

• Best Bitcoin Mining Software Of 2024 (Forbes)
• The Real-World Costs of the Digital Race for Bitcoin (NY Times) 
• Bitcoin ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners (Bloomberg)

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