You can mine Ethereum and other cryptocurrencies using cloud mining sites without having to purchase specialized hardware like GPUs, ASICs, CPUs, FPGA, and specialized software.

List of the Best Ethereum Cloud Mining Sites

1) StormGain
2) ECOS
3) Hashing24
4) Hashshiny
5) Genesis Mining

But it’s not difficult to find the top Ethereum cloud mining providers. They entail renting computing power or hash rates produced by their machines hosted in the cloud. That indicates that they made an investment in rigs with GPUs and ASICs.

The top Ethereum cloud mining sites are covered in this tutorial.

What is Cloud Mining?

To put it into very simple terms, cloud mining is a process where you pay somebody to “rent” out their cryptocurrency mining devices, electricity, and – naturally – the service of mining itself.

Large farms are typically available to those who provide Ethereum cloud mining services, although more frequently it is businesses. Simply put, a farm is a large collection of mining equipment working together in a single location. To store all of the mining rigs, this facility needs to be well-equipped with adequate cooling and lots of space. Another factor to take into account is the requirement for enormous amounts of electricity.

Finding a host, or someone who is willing to sell you their Ethereum cloud mining services is the first thing you would need to do if you wanted to start cloud mining Ethereum, for example. Then, all that would be required of you is to sign a contract and shake hands (either in person or online).

Hosts usually offer a wide variety of available contracts ranging from “minor investment – minor profit” to “huge investment – major profit”. People who are new to cryptocurrency tend to start with smaller amounts of investment. You can upgrade your contract at any time once you determine that the service is legitimate and you are gradually turning a profit.

Find a free Ethereum cloud mining host as an alternative if you wish. Let’s immediately address the issue since it obviously has both advantages and disadvantages.

5 Best Ethereum Cloud Mining Sites

StormGain

Best for Experts and beginners

You can invest in virtual currency with ease thanks to the innovative Bitcoin mining software StormGain. You can keep track of assets’ gains and losses thanks to its user-friendly dashboard. The robust charting features in this application allow you to monitor trends and changes in price.

Supported Coins: Ethereum, Cardano, Neo, Bitcoin Cash, Bitcoin Gold, Dash, and so forth.

Payout Frequency: Daily

Minimum Payouts: 50 USD

Supported platforms: iOS, Android, and the web.

Features:

• By storing it in a secure wallet, safeguards your cryptocurrency.
• Depending on your needs, you can select the payment method.
• English, French, Spanish, and Italian are just a few of the languages supported by StormGain.
• Without expensive equipment, you can mine digital currency.
• The registration procedure is simple.
• Interest rates on your funds can reach 12%.

ECOS

The Most Trusted Cloud Mining Provider

The industry’s most reputable cloud mining provider is ECOS. 2017 saw the Free Economic Zone establishment of it. It is the first company to offer cloud mining services with legal status. More than 100,000 users from around the world use ECOS. It is the first cryptocurrency investment platform with a full range of tools and products for digital assets.

Supported Coins: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, and Litecoin.

Payout Frequency: Daily

Minimum Payouts: 0.001 BTC

Supported platforms: Windows, Mac, and Linux

Features:

• Convenient calculator on the website for choosing a mining contract
• Daily payments and detailed transaction history
• ECOS offers a wallet, exchange, investment portfolios, and savings feature in addition to being a cloud mining platform.
• The ECOS mobile app is available for download from Google Play or the App Store.
• It is a practical way to get access to your account and complete different tasks.
• Use Coupon code “GURU” and get a free cloud mining contract for 1 month.

Hashing24

Support the Free Mining of Ethereum

It is also possible to mine Ethereum for free using the platform Hashing24. There are several mining farms owned by this company in Canada, Iceland, Georgia, and Norway. Zcash, Dash, Bitcoin, and other crypto coins are among the other coins supported by the platform.

Supported Coins: Bitcoin, Ethereum, Litecoin, Cash, Dash, and other altcoins.

Payout Frequency: Once per day

Minimum Payouts: 0.0007 BTC

Supported Platform: Windows 10, Mac, and Linux

Features:

• Unique selling proposition: It uses cutting-edge cooling technology, resulting in a low daily service fee. Furthermore, it uses the most recent ASIC chips, which simplify mining for cryptocurrencies and other virtual currencies.
• Usability: Hashing24’s user-friendly dashboard and interface make it simple to move from registering to purchasing hash rates.
• Earnings: Depending on the hash power you purchase, Hashing24 offers a range of earning opportunities. The different types of plans are divided into 12-, 18-, 24-, and 30-month options. Once mining has begun at 0:00 UTC, your account will be credited once daily with the earnings from the previous mining day.
• First, because it is cloud-based, the mining company supports web browsers, including those on phones and computers. Moreover, Linux, Mac, and Windows 10 are supported.
• Speed: Depending on your plan selection and the hash rate of the purchase, Hashing25’s speed varies. In the 18th-Month plan, for instance, you can mine at 1TH/s for 0.002474981 BTC.
• Security: One of the most established and secure cloud mining services, Hashing24 has been in operation since 2012. No instances of accounts being hacked have been publicly disclosed.

Hashshiny

One of the Leading Cloud Mining Platforms Globally

With 1.5% of the global BTC hash rate, Hashshiny, one of the top cloud mining platforms, was founded in 2016. It accepts a variety of cryptocurrencies, including Dash, Litecoin, Bitcoin, Ethereum, and others. With the aid of Hashshiny, you are able to earn ETH and gradually reinvest it to boost your hash power.

Earning Potential: $182.93 is the daily earning potential.

Minimum Investment: $10

Payout Frequency: Daily

Supported Platforms: Windows and Android

Features:

• The mining calculator helps you estimate how much you can make; it also supports daily payouts and has a referral program. These features make it stand out from the competition.
• Use is simple as you sign up, confirm your account, and begin mining with Hashshiny. You can access and view the various cryptocurrencies that the business mines and the user interface are also friendly. In addition, they offer a tutorial that explains how to mine various coins for new users.
• Earnings: You have a variety of customizable hash rates to choose from on Hashshiny. Users may still withdraw their daily earnings during the two-year contract’s planned duration.
The amount received is the sum of the maintenance fee and the revenue generated. The amount of money earned depends on the hash rate you bought and the price of Ethereum on the day in question. Additionally, the platform allows you to receive a lifetime commission from all of your referrals. You are still eligible to receive referral commissions even if you join for free.
• Hashshiny supports cloud-based mining, so you don’t need to install any hardware. Instead, you can log into your account using a variety of browsers on your computer or mobile device. You can access your account using its Android and iPhone apps as well.
• Various mining hash rates are available on Hashshiny. For $1.64, you can purchase speeds as low as 100 KH/s. A bonus of 5TH/s SHA-256 B is given to new users upon registration, so keep that in mind.
• Security: Hashshiny supports 2FA in addition to the standard password and login to help increase the security of your account. Being based on blockchain technology, the platform is also safe and secure, protecting your earnings from outside interference.

Genesis Mining

One of the World-leading Hash Power Providers

One of the top hash power suppliers in the world is Genesis Mining. The company accepts a wide range of cryptocurrencies, including Litecoin, Zcash, Ethereum, and Bitcoin. Since the company’s founding in 2013, it has grown to boast a variety of mining rigs.

Features:

• The platform’s generous affiliate program is its main selling point. Users can earn up to 2.5% of each sale they generate at the entry-level level, and they can move up the ranks if they generate more than $100 in referral sales.
Genesis mining also has partnerships with various hardware manufacturers, which allows them to purchase their equipment for less money than the going rate. Additionally, they have farms in places with inexpensive electricity and little need for cooling.
• The Genesis mining system is simple to use. It’s easy to sign up, and the verification process is finished right away. You can view your account, buy hash power, and check your mining activity thanks to the user-friendly design of the user interface.
• There are various earning levels in genesis mining. You have the option to reinvest following the 24-month duration of the cloud mining contracts.
• Supported platforms: Genesis Mining provides a cloud-based mining platform for accessing your account through computer and mobile browsers.
• Ethereum mining progresses at a rate of 12.50 to 125 MH/s. Additionally, you can enter your desired hash power in a custom plan.
• Security: Mining on the Genesis platform is decentralized and Kaspersky verified. As a result, it is safe from fraud, outside interference, and downtime.

Advantages of Ethereum Cloud Mining

No Technical Knowledge Required

You don’t need to be familiar with the terms used in cryptocurrency mining, such as mining farms and ASIC, or how to buy and set up mining equipment. In cloud mining, all you need to do is buy hash power to get started.

It’s Affordable to Start

Unlike physical mining, where you must buy hardware and pay operating expenses, you can rent mining services for as little as $150.

No Heat and Noise

Over 1000 watts are consumed per hour by equipment like the S9 Antminer. This amount of energy used generates a lot of heat, which, when placed in your home, can be intolerable. The cooling process also makes a lot of noise. In contrast, when using cloud mining, you won’t have to deal with that. The mining farm’s equipment is still there in its entirety.

Disadvantages of Ethereum Cloud Mining

Low Earnings

Mining equipment is rented from a hosting company in the process of cloud mining. Therefore, a portion of your revenue will be retained by the business as the rental fee. In addition, when the market is on a bull run, buying cryptocurrency is more profitable than mining.

Fraud Cases

In the blockchain network, payments cannot be canceled once they have been made. This, along with a lack of regulation, has fueled the growth of many shady businesses that trick customers into purchasing fictitious mining contracts for that they will never receive payment.

The Bottom Line: It Worths A Try.

We examined a few of the top Ethereum cloud mining services. If you’ve made the decision to move forward and give Ethereum cloud mining a try, good for you! To avoid any kind of potential scam, always double-check your chosen host. Visit various online forums and chat rooms to accomplish this.

Last but not least, whenever investing in cryptocurrencies (or any other kind of investment, for that matter), always be cautious!). There’s no need to rush; take your time and do your research. When you are prepared to contribute after doing your research, start out slowly! If your cloud mining service appears to be effective, you can always upgrade your plan. Avoid remaining loyal to a service provider you’ll eventually despise. Simply put, it isn’t worthwhile.

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