Due to the fact that Ethereum is one of the most profitable cryptocurrencies, mining this coin has become increasingly popular. However, now it has become harder to mine Ethereum using the usual method. When such things happen with cryptocurrency, miners switch to cloud mining, saving their income.
How to start Ethereum Cloud Mining
Cloud mining of Ethereum is the mining of coin using the leased (or acquired) power of another computer. A miner gets the finished product (power) and uses it to mine.
To choose the most suitable option among a wide range of platforms, we have selected the top five companies that offer Ethereum cloud mining.
HashFlare is one of the most powerful platforms among those that are focused on Ethereum mining. And at the same time, Ethereum can be mined with almost no investments. According to the website, the price for 100 KH/s is $1.40. This is the average price, but because of the low electricity fee, it seems attractive.
Moreover, the terms of the contracts are regularly modified. Nevertheless, the service is very good. You can make payments with BTC, WebMoney, Payeer. Offices are based in Europe (in Estonia and Iceland).
It is another reliable service provided for Ethereum cloud mining. In particular, the platform is very popular because contracts are being purchased very fast. However comparing Genesis Mining to its rivals, it is considered one of the most expensive. When you start Ethereum cloud mining, you do not have to pay an additional commission. Users often choose it, but it is still slightly inferior to HashFlare. In particular, the tariffs are too high, the capacity offered is relatively weak, and the interface is not as clear as some may think.
IQ Mining has been known to users since the end of 2016.
Besides Ethereum, there is a chance to mine other coins: Litecoin, Zcash, Monero and Dash. The main factor affecting customer’s income is the hashrate (rented capacity), but in addition to it, profitability is affected by:
Presence of privileges and bonuses – a promotional code giving a discount on the first contract.
Financial management – the purchase of an additional hashrate for already mined coins.
Overall, IQ Mining is a young cloud mining service offering competitive rates. The advantage of this platform lies in the use of an algorithm for automatically determining the most profitable currency and switching the client’s capacity to its mining.
According to the developers, the CCG Mining platform wants to build global mining power throughout Europe. The interest in the product is constantly growing, which already allows the project team to introduce new technologies and useful tools during mining.
Simultaneous connection of several payment systems
The current flexibility of mining plans make it a popular cryptocurrency investment field
Profitable contracts for reliable cloud mining
Mining of the most popular coins: Bitcoin, Bitcoin Cash, Ethereum, Monero, Litecoin, Zcash
Technical support for your questions
The company aims to provide the most simplified form of cryptocurrency cloud mining, even for the most inexperienced and unintelligent users.
The MinerGate service, which provides cloud mining services in addition to being a pool for cryptocurrency joint mining, has existed since March 2014.
Reasons why customers choose MinerGate:
The possibility to start mining cryptocurrency with small investments
Mining begins the next day after the payment of the contract, and the client receives the first payments within 1.5 – 2.5 days
Rewards come from new unlocked blocks that can be tracked
Convenient mining profitability graphs and a calculator for forecasting profitability
Instant withdrawal of funds to the wallet
The “Smart-mining” feature offers to switch to automatic mode, and the system chooses itself more beneficial coin for mining.