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Best cloud mining services
Cloud mining provides the use (lease) of foreign capacities of remote hardware hosting for the mining of various crypto-currencies: Bitcoin, Ethereum, Litecoin and other altcoins.
The principle of the platforms for cloud mining depends on companies that have enough resources to create large mining centers, allow users to rent mining capacities, as well as necessary equipment or software for a certain period. These companies earn on the fact that they charge fees from users for the provision of their own resources.
For users, it is more profitable to pay a certain percentage of their income than to build a server room at home and suffer from constant fan rumble, as well as other inconveniences. In this article, we’ll talk about the platforms that guarantee you the best cloud mining.
The right way to choosing the best cloud mining websites
First of all, you should look at the profitability. Although the earnings in the cryptocurrency are considered high-yielding businesses, a reliable company will not promise more than 300% per annum. If you see inadequate figures, then most likely you have a hype, which is disguised as a cloud-mining site.
Also, you need to pay attention to the service fees. It’s clear that no one will work for you for free, even best cloud mining websites. Thus, the lack of equipment maintenance fees is also a troubling sign. It will not be superfluous to read reviews about the site chosen, especially if you are going to invest a big money.
Best legit cloud mining services
Here we have selected the most profit one’s and reliable platforms offering cloud-based crypto-currency mining source in the form of contracts. The contract is a cloud hardware equivalent of the power that you will get, and the mined cryptocurrency will be your permanent income. These are top legit cloud mining platforms:
— Alien Cloud;
— IQ Mining;
— World Mining;
— Cryptotek Mining;
Advantages of the best cloud mining sites
In order to estimate the benefits of cloud mining, let’s take a small assembly of several video cards which are settled for mining coins in an apartment. First, the household is haunted by constant noise. In the summer, the room is noticeably warming up and you have to turn on the air conditioner. To say nothing of electricity bills, as they are impressive. Now let’s take cloud mining and compare it with home one.
-All the equipment is already configured and working, you just have to join the process;
-There is no wiring load;
-There are no additional costs for electricity;
-The room is quiet and the air does not overheat;
-You do not need to research what equipment is more profitable to buy, and how to properly build a mining farm;
-There is no need to worry that the equipment will fail, morally obsolete and it will have to either repair or sell, best cloud mining sites will do it automatically. All the processes for setting up devices and its maintenance are undertaken by the company;
-It is not necessary to follow the news in the crypto-currency world in order to control the situation;
-Instant connection to the service after payment is confirmed;
-Perfect for countries where the cost of electricity is high;
-At present, this is the only opportunity for a simple user to participate in the mining of cryptocurrencies;
-Accessibility for everyone who wants to try themselves in this kind of earnings. Cloud mining is advantageous because large financial investments are not needed to start up. You can start with the minimum tariff plan. And already if you like the process, start investing larger amounts.
Best cloud mining roi
Mining in cloud has its own cons, which also need to be mentioned. And the first negative is the probability of contacting grafters who will sell you non-existent capacities. And there are many such offers on the Internet today with sky-high profits. In this case, it is important to remember that best cloud mining ROI can’t be more than 250% per year. Everything else is a scam. And such proposals need to be bypassed.
Disadvantages ( Even top cloud mining sites have them)
There are also couple additional cons which must have been taken into account:
-The company can go bankrupt;
-Some websites can’t provide you quickly switching to another cryptocurrency;
-Services are often changing their income indicators, and therefore it is not necessary to rely on fixed profits. The main reason is unforeseen breakdowns that the company has to eliminate, and sharp fluctuations in the exchange rates;
-Scum — not unusual thing. So, trust only top cloud mining sites.
-The mechanism of operation of many companies is often non-transparent;
-The contract is most often limited to a clear timeframe. Suggestions for perpetual contracts are becoming increasingly scarce;
-History knows when the hacker broke the service and theft funds (let’s remember the case of Nicehash).