5 BEST Ethereum Cloud Mining Site

Ethereum mining is an in-depth computational process of creating blocks so transactions that will be added to the Ethereum blockchain. A miner gets rewarded with ETH for providing solutions to math problems via blockchain technology. 

The process requires mining devices, electricity, and space to set up the devices. It is an expensive process, and large corporations mainly manage it. However, this isn’t the only way that you can mine Ethereum. This is where the concept of Ethereum cloud mining comes in. 

Cloud mining is the act of renting a host’s mining devices. So, you can mine Ethereum without purchasing the mining devices, any initial hardware, or dealing with costly electricity. The host will handle all the requirements, and you’ll only pay to use it. It uses software as a service, where you use a service without purchasing or installing the hardware. 

The difference between cloud mining and using your hardware is that you pay to use the host’s equipment in cloud mining. In contrast, using your hardware means purchasing the hardware, space, and electricity. 

Best Ethereum Cloud Mining

• Sites 
• Stormgain
• Ecos 
• Hashing24 
• Hashshiny 
• Genesis Mining 

StormGain 

Best for Experts and beginners. StormGain is an innovative Bitcoin mining software that allows you to invest in digital currency effortlessly. It features a user-friendly dashboard that helps you monitor assets rising and falling. This application also has powerful charting tools to track trends and price movements. 

Features: 

• It protects your cryptocurrency by keeping it in a secure wallet. 
• You have the option to choose the payment that best suits your needs. 
• StormGain is available in a variety of languages, including English, French, Spanish, and Italian. 
• You can mine digital currency without expensive equipment. 
• It has an easy sign-up process. Up to 12% interest rates on your funds. 

Pros

User-friendly interface.

It supports a range of cryptocurrency trading.

Gives up to 20% Bonus on every deposit. It is supported by 230+ countries. 

Cons 

The system needs to be properly regulated. There is no in-built bot to automate trading.

ECOS 

ECOS is the most trusted cloud mining provider in the industry. It was established in 2017 in the Free Economic Zone. It is the first cloud mining service provider that is operating with legal status. ECOS has more than 100,000+ users from all over the world. It is first cryptocurrency investment platform with a complete suite of digital asset products and tools. 

Features: 

• Convenient calculator on the website for choosing a mining contract. 
• Daily payments and detailed transaction history 
• ECOS is more than just a cloud mining platform it also offers a wallet, exchange, investment portfolios, and savings feature. 
• You can download the ECOS mobile app from either the App Store or Google Play. 
• It is a convenient way to access your account and perform various tasks.
•  Use Coupon code and get a free cloud mining contract for 1 month. 

Pros

It provides payments on a daily basis.

The low minimum withdrawal from 0.001 BTC.

Offers a wide range of cloud mining contracts 

Cons 

Only BTC mining 

Hashing24 

Hashing24 is another mining platform that supports the free mining of Ethereum. This company has several mining farms in Iceland, Georgia, Canada, and Norway. Other coins supported in the platform include Zcash, Dash, Bitcoin, and other crypto coins. 

Features: 

• Unique selling point: It uses the latest cooling technology, leading to a meager daily service fee. It also utilizes the latest ASIC chips, making mining cryptocurrencies and other digital currencies easy. 
• Ease of use: Hashing24 has a user-friendly interface and dashboard that facilitates a seamless process from registration to buying hash rates. 
• Earning: Hashing24 has different earning levels depending on the hash power you buy. The plans are categorized into the 12-month, 18-month, 24-month, and 30-month plans. The mining then starts at 00:00 UTC, and the earnings are credited to your account once a day for each previous mining day. 
• Platform supported: First, the mining company supports web browsers, such as phones and computer browsers, because it is cloud-based. It also supports Windows 10, Mac, and Linux. 
• Speed: The speed in Hashing25 varies depending on the plan you choose and the purchase’s hash rate. For example, you can mine at 1TH/s for 0.002474981 BTC in the 18th-Month plan. 
• Security: Hashing24 has been operating since 2012 and is considered one of the oldest and the most secure cloud mining service. There hasn’t been any reported case of an account being hacked. 

Pros

 It offers low daily charge that’s affordable for many users.

There’s a guarantee of 100% uptime.

It can also act as a wallet account with a dedicated address.

24/7 customer services 

Cons 

It only supports the mining of bitcoin. 

Hashshiny 

Hashshiny, founded in 2016, is one of the leading cloud mining platforms globally, boasting about 1.5% of the world’s BTC hash rate. It supports cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin, and other crypto coins. Hashshiny allows you to earn ETH and reinvest it over time to increase your hash power. 

Features: 

• Unique selling point: It has a mining calculator that helps you how much you can earn, and it also supports daily payouts and has a referral program. 
• Ease of use: Using Hashshiny is straightforward as you sign up, verify your account, and start mining. The user interface is also user-friendly, and you can access and view different cryptocurrencies that the company mines. They also have a tutorial that helps new users with different mining coins. 
• Earnings: Hashshiny offers different customizable hash rates that you can choose from. The contract is designed to run for two years though users can still withdraw their daily earnings. The amount received is the difference between the revenue generated and the maintenance fee. The revenue generated depends on the hash rate you purchased and the value of Ethereum on that particular day. Moreover, you can earn a lifetime commission from all your referrals on the platform. Even as a free member, you still qualify to earn from referral commission. 
• Platform supported: Hashshiny supports cloud-based mining, so you don’t have to install any hardware. Instead, you can access your account on different browsers on your computer or phone. It also has an android and iPhone app that you can use to access your account. 
• Speed: Hashshiny offers different mining hash rates. You can get as low as 100KH/second for $ 1.64. Remember that new users get a bonus of 5TH/s SHA-256 B upon registration. 
• Security: Hashshiny supports 2FA to help boost your account security in addition to the regular password and log in. The platform is also safe and secure, as it’s built on blockchain technology, which means your earnings are safe from third-party interference. 

Pros 

The support team is very quick.

It supports a wide range of cryptocurrencies. It offers a secure account.

The referral program is very competitive, and you can earn a lot of money. 

Cons 

The initial investment may not provide profits. The free plan is slow, and you may hardly benefit from it. 

Genesis Mining 

Genesis Mining is one of the world-leading hash power providers. The company supports many cryptocurrencies such as Ethereum, Bitcoin, Zcash, and Litecoin. The company has been in existence since 2013, and it now boasts of different mining rigs. 

Features

• Unique Selling Point: The platform’s main advantage is its generous affiliate program. Users can get up to 2.5% of every sale they make at the beginner level, and they can rank higher if they collect more than $100 in referral sales. Moreover, Genesis mining has partnered with different hardware producers, meaning that they get their hardware cheaper than the market price. They also have farms in areas with a cheap electricity supply and minimal need for cooling. 
• Ease Of Use: Genesis mining is user-friendly. The signing up process is straightforward, and the verification process is completed immediately. The user’s interface is also mapped in a friendly design so you can view your account, purchase hash power, and check your mining activity. 
• Earnings: There are different earning levels in genesis mining. The cloud mining contracts run for 24 months, after which you have an option to reinvest. 
• Platforms supported: Genesis mining offers a cloud-based mining platform to access your account using mobile and computer-based browsers. 
• Speed: Mining Ethereum starts at 12.50MH/s to 125MH/s. There’s also a custom plan to enter the hash power you wish to purchase. Security: Genesis mining is Kaspersky verified and runs in a decentralized platform. Therefore, it’s secure from fraud, third-party interference, and downtime. 

Pros

Easy to use platform. Secure and credible mining farm.

No extra cost for shipping or cooling. 

Cons 

Mining isn’t the most profitable option if Ethereum is in bull run. 

It does not provide learning resources to the users. 

Disadvantages of ETH Cloud Mining 

Here are some Important Cons/Drawbacks of Cloud Mining Low earnings – Cloud mining involves renting the mining service from a hosting company. Therefore, the company will retain part of your revenue as the renting fee. 

Moreover, it’s more profitable to buy crypto than mining when the market is in a bull run. Fraud cases Once payment is made in the blockchain network, it’s impossible to cancel it. This, together with lack of regulation, has contributed to the rise of many fraudulent companies that will sell fake mining contracts to users and not pay them.

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