By the way, even free cloud mining is an option, you can also choose to invest in cryptocurrencies and start trading instantly by choosing reliable cryptocurrency exchanges, such as Binance, KuCoin, and Kraken.
Cloud mining is usually defined simply as a remote cryptocurrency mining service. This service is provided by hosts (people who own and sell the cloud mining service) who have farms (huge collections of mining rigs, usually held in big, designated facilities).
Paid cloud mining comes in different plans. You, as the customer, pick a plan that suits you the most (some sites and companies even offer custom plans). Then you simply decide on a timeline, unless one is already given beforehand.
Different types of Bitcoin cloud mining plans offer different hash rates. A hash rate is simply the indicator of how powerful the rig is or, in other words, how much Bitcoin it can mine at any given point in time.
Paid cloud mining entry plans usually start from around $200 - $300. Considering the usual price increases for the following levels of plans, this is a decent price to start with. With an entry plan, you get the minimum hash rate speed, while the time of the plan could vary. These entry-level cloud mining plans are mostly designed for people who have never had any previous experience with cloud mining, and simply want to get a feel for it.
Now that you have a general idea of what paid and free Bitcoin cloud mining is (and the pros and cons of the two types of mining), we can talk about some of the more notable free cloud mining companies and sites.
While being paid to cloud mining providers, Multimining has their version of free cloud mining. They offer you 30 GH/s as a lifetime plan for just registering to their site.
Free cloud mining is a bit trickier. When compared to paid cloud mining, you should do a lot more research. Only then you'll be able to end up in a long-lasting business relationship with your cloud mining service provider.
Whether it be free or paid cloud mining, always take your time in picking a decent host. One of the ways to do this is to look at their security measurements. Some companies offer poor security or even have a reputation of being broken into or hacked in the past.
Some of the best paid cloud mining solutions are thought to be platforms such as CCG Mining and Genesis Mining. On the flip side, if you're looking for some parts for your mining device at home, make sure to check out Parallel Miner, too!
All in all, hopefully now you have a wider understanding of free cloud mining. There are a lot of options in the market - understandably, it might be difficult to pick just one. Do your research, have a critical mindset and you should be set!
TALLIN, ESTONIA / ACCESSWIRE / March 8, 2016 / Hashflare is pleased to announce one year Ethereum cloud mining contracts with no maintenance fees which represents the best value on the market, after users sign up for a free account.
Run by established cryptocurrency mining hardware provider HashCoins, which has over 3 years experience in the industry, HashFlare offers the ultimate Bitcoin, Scrypt and Ethereum cloud mining experience for users.
An important feature of the HashFlare platform is that customers can see and monitor their hashrate live, and even choose the mining pool they wish to mine on. This demonstrates that HashFlare is running a real cloud mining operation and is renting real mining hardware to users. Users can also find the most profitable mining pool for their hashing power.
HashFlare also offer instant Bitcoin withdrawals, lifetime contracts with no fixed end date, user mining pool allocation, fixed fees, and a user dashboard with highly detailed statistics. More information is available in a HashFlare review on a popular Bitcoin cloud mining and Etheruem cloud mining review site.
Anyone, anywhere worldwide can easily cloud mine Bitcoin, Litecoin and now Ethereum, with no specialized knowledge or the need to maintain specialized mining hardware. All that needs to be done is sign up for a free account on HashFlare and purchase a contract that will instantly begin mining Bitcoin, Litecoin or Ethereum.
To sign up for a free account, and learn more about lifetime Bitcoin, Scrypt, or one year Etheruem cloud mining contracts with NO maintenance fees, which represents the best value on the market, please go to:
Before we start with this in-depth Ecos cloud mining review, let us first zoom over the fact that cloud mining is a highly speculative investment. A sizable chunk of all cloud mining platforms are either outright scams or at the least, they deceive unsuspecting users by promising unrealistically high returns. So it is very important for you to carefully assess the legitimacy of a cloud mining platform before you invest any money in it.
ECOS cloud mining is available in three different variants including a Web app, as well as Android and iOS apps. Ease of use is unlikely to be an issue even for inexperienced users as ECOS seems to have made a special attempt to make the apps practical and to the point.
Contracts with a service fee will require you to pay extra for electricity, the mining rig, infrastructure monitoring and maintenance, internet, and software, among other things. The fees rely mainly on the contract parameters you choose. At the risk of stating the obvious, the higher the hash rate you choose, the higher the fees. Meanwhile, contracts without service fees will include all the relevant costs upfront.
Undoubtedly, this venture is time-consuming and technical. And so, investors often opt for an alternate approach called cloud mining. With this, you can pay third parties to take up the technical aspect of crypto mining on your behalf. In essence, you pay a platform that offers such services a lump sum to rent or buy mining machines from their mining facilities. After this first payment, you might have to pay a daily maintenance fee so that the cloud mining service provider can help you manage your mining rigs. 1e1e36bf2d