Best Cloud Mining Providers in May 2022
If you want to delve into the world of cryptocurrency, cloud mining is the best way to go. You can mine any cryptocurrency without directly installing and running the hardware and software.
updated May 11, 2022 7:21 AM
22
listed services
6,499
analyzed reviews
650
suspicious reviews removed
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Ranking
Service
Truely Score
Price
Multi-currency
Miners
Payouts
Buy and Sell
24/7 Support
1
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3.9/5
44 reviews
billed once
—
Cryptocurrency,Cash
Buy and Sell Cryptocurrency
2
3.8/5
200 reviews
per 1 gh/s, billed once
GPU Miners,Asic Miners,Individual
Cash
Sell Cryptocurrency
3
3.7/5
1,748 reviews
price changes every second depends on bitcoin price, billed once
GPU Miners,Asic Miners
Sell Cryptocurrency
4
3.6/5
76 reviews
per 1 TH/s, billed once
—
Cryptocurrency,Cash
Sell Cryptocurrency
6
3
3.4/5
273 reviews
5 years contract billed once
Asic Miners,Individual,GUI Miners
Cryptocurrency,Cash
Sell Cryptocurrency
7
2
3.4/5
70 reviews
per 64 TH/S, billed once
Asic Miners
Cryptocurrency,Cash
Buy and Sell Cryptocurrency
9
2
3.4/5
803 reviews
Asic Miners,Individual,GUI Miners
Cryptocurrency
Sell Cryptocurrency
10
1
3.3/5
1,991 reviews
per 10 SOL/S, billed once
Asic Miners,Individual,GUI Miners
Cryptocurrency
Buy and Sell Hashrates,Sell Cryptocurrency
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Frequently Asked Questions
Truely is based on AI algorithms that are getting smarter every day.
What is Cloud Mining?
Cloud mining is an easy and accessible cryptocurrency mining process that allows users to acquire cryptocurrencies without managing the hardware.
Why do you need Cloud Mining?
Cloud mining allows you to invest in cryptocurrencies without having to purchase specialized hardware.
What are the core features of Cloud Mining?
Blockchain Explorer is a browser that displays the contents of individual bitcoin blocks and bitcoin addresses.
The generation calculator and the profitability calculator are used to make calculations convenient.
Pool stats allow a user to determine which mining pool best suits their needs for the specific cryptocurrency they are mining.
A monitoring system that includes the cryptocurrency, availability to mine, balance confirmation, transfers, withdrawals, and rewards.
A crypto wallet where the coins are going to be stored.
Chat support and customer service offered by your cloud mining service provider.
Multiple payment options which allow people to avoid using their cash to earn from cryptocurrencies with debit and credit for seamless investing.
What are the types of Cloud Mining?
Hosted mining is when a user leases or rents their cryptocurrency mining equipment from a third-party provider.
Virtual hosted mining is when you rent a virtual computer to run your mining applications on.
Leased hash power which allows users to rent at a hash rate of multiple, high-powered Application-Specific Integrated Circuit (ASIC) machines offered by cloud mining service providers.
What are the steps on how to get started with Cloud Mining?
Step 1: Educate yourself about the crypto market and cryptocurrency.
Step 2: Register to a cloud mining service provider’s website.
Step 3: Pay for your contract.
Step 4: Start cloud mining.
Step 5: Receive newly mined coins every day.
How long do mining contracts work?
Most cloud mining companies providers usually offer contracts between 12 and 36 months, but some companies provide lifetime cloud mining contracts.
Can I sell a Cloud Mining contract?
Most cloud mining service providers don’t allow selling of contracts.
Is Cloud Mining regulated?
Cloud mining is not regulated.
Do I need a Cloud wallet before I start Cloud Mining?
No, your cloud mining service provider stores your coins in your account.
What are the risks of bitcoin Cloud Mining?
Scammers may take advantage of the rise of bitcoin to the general public and if bitcoin’s value falls, you most likely won’t get your money back.
Should I stick to Cloud Mining Bitcoin?
With the nature of bitcoin, it is a better choice as an investment to generate a steady income over time.
Can I cloud mine bitcoin for free? Is there such a thing as free Cloud Mining?
Yes, you can get bitcoins for free without having to use a cloud mining service provider.