photos of fighters for the truth

Our mission is to bring truth back to the internet.Read more

2021 Rankings

Free Cloud Mining Services

Last updated on December, 1

Are you looking for a new way to make money? Cloud mining is the process of extracting cryptocurrency from a remote data center. It’s easy, it’s free, and it can even be done on your phone! All you need is an internet connection and some time to spare. Sign up today to start making money.

Free Cloud Mining Services illustration

3 services ranked

Our ranking methodology

#

1

IQ Mining logo

IQ Mining

4.95

230

43

273 reviews

price starts:

$ 86.00

per ten GH/s

Visit Website

price starts:

$ 86.00

per ten GH/s

Multi-Crypto

Miners

Console Miners

Payouts

Cryptocurrency

Buy and Sell

Hashrates,

Cryptocurrencies

AML Compliant

#

7

MinerGate logo

MinerGate

3.23

266

269

535 reviews

Custom

Multi-Crypto

Miners

GUI Miners,

Console Miners

Payouts

Cryptocurrency

Buy and Sell

Cryptocurrencies

AML Compliant

#

8

Hashshiny logo

Hashshiny

2.59

733

1,258

1,991 reviews

price starts:

$ 0.28

billed annually

Visit Website

price starts:

$ 0.28

billed annually

Multi-Crypto

Miners

Console Miners

Payouts

Cash

Buy and Sell

Hashrates,

Cryptocurrencies

AML Compliant

Customer Experiences:

pro

  • Support team is very quick

  • Good mining program for bitcoin

  • Able to mine any cryptocurrency

con

  • Requires money for more speed

  • Can't access account

  • Can't withdraw without paying

pro

Support team is very quick

con

Requires money for more speed

pro

Good mining program for bitcoin

con

Can't access account

pro

Able to mine any cryptocurrency

con

Can't withdraw without paying

Frequently Asked Questions on Free Cloud Mining Services

Are free cloud mining services legal?

Yes, they are. Cloud mining services are legal. While most of them are legit, some might be scams. It is up to you to choose the legal ones. Legal cloud mining services work just like any other mining services, but they do not involve any mining of the physical coins. Instead, they only calculate the mining of the coins and provide the service to the customers.

Can I withdraw the profit I earned in the free cloud mining services?

Yes, you can withdraw the profit from the free cloud mining services. As long as your personal account is activated. You can withdraw mined coins and get them into your personal wallet. You must also reach the minimum withdrawal amount. You can have a manual withdrawal or you can set-up an auto-withdrawal.

Can I use the free cloud mining services on my phone?

Yes, you can. All you need is to use a browser app for your phone which you can use to access your mining account or you can download a desktop version of mining software and use it on your phone. Although using a phone isn't exactly the same as using traditional mining software or hardware. Given the current state of crypto, mining with a phone is unlikely to yield a good profit.

Can the free cloud mining services ruin my GPU?

Yes and no. This will depend if the way you set up and optimize your GPU is in the right way. Some of these free cloud mining services can ruin your GPU, make sure you search thoroughly about the service’s reputation and reviews before choosing one. Remember to choose a well established free cloud mining service.

Can I use the free cloud mining services with a CPU instead of GPU?

Yes. It is possible to use CPU for the free cloud mining services. But you need to understand that if GPU mining is more profitable, you will earn more profits, rather than CPU mining. So, it is recommended to use GPU mining. It is more profitable and you don't have to build special hardware.

Is it profitable to mine cryptocurrencies by the free cloud mining services?

It is profitable, but it is very risky to mine cryptocurrencies because the market value of the cryptocurrency fluctuates and it can be difficult to predict because cryptocurrencies are not backed up by any authority except what is collectively agreed on by the community. There is a high risk and there is a high return. Long term investments in cryptocurrencies might yield good returns.

How do free cloud mining services work?

Cloud mining services give you a share of a physical mining operation without the need for the user to purchase the equipment. Cloud mining pools are set up by companies offering a share of their mining capacity to anyone who wants to buy. The mining pool divides the profits from the pooled mining based on the amount of computing power a user has contributed to the pool. The amount of computing power a user needs to contribute to a mining pool depends on the type of mining pool. Some mining pools require a user to have a minimum amount of computing power before they can join, while others allow a user to mine using any amount of computing power.

Are there any risks involved in using free cloud mining services?

Normally, the cloud mining companies charge you for the hash rate which you rent. You don't own any hardware or take any interest in any mining operations. The main problem with this is that the company itself holds all the mining equipment, but runs it without mining any coins. So all payments to the customer are made by the company only to earn the profit. Thus, the company is the only one to gain benefit out of cloud mining services. Another risk is when using cloud mining services is the downtime of the mining hardware. The downtime can happen due to overheating, hardware failure, software errors, bad internet connection etc. This downtime will result in a loss in revenue for the miner. You might not be able to recover your investment.

What is the best free cloud mining service?

The best free cloud mining service depends on the user’s preferences and experience with the service. As long as the free cloud mining service should be simple, and easy to use. It should be able to show you the investment plan, where you will get the hashpower, how much it will produce, how long it will take to recover the initial investment, how much you need to pay to keep the mining operation running, and how much money you will make.

What are some of the most common issues experienced by people who try to engage in cloud mining services?

People experience delays in receiving their mining equipment or receiving the wrong equipment altogether. Many people are also disappointed to see that, in some cases, the mining equipment they received never even got to work. Be wary of any mining company that asks you for upfront payment. If any company asks you for an upfront payment or asks you to trust them without any proof, then they are most likely a scam. Cloud mining services entice you to pay fees upfront, but they're usually a scam. Once you've paid up, the service will almost always disappear. Mining is a complex technological process that requires a lot of money and power. In fact, the only way to guarantee a positive return on your investment is to buy a piece of mining hardware and do it yourself.

What do I need to do before choosing a free cloud mining services?

Before you start looking for a cloud mining service , make sure you have the following things:

Step 1:

A Bitcoin wallet to receive payouts.

Step 2:

A place you can safely store your coins.

Step 3:

A mining calculator, to get an estimate of the total cost of the mining rig (and ROI) you're planning to build.

Step 4:

A mining pool software (for solo mining).

Step 5:

A Bitcoin exchange which accepts the type of currency you plan to mine.

Step 6:

A reliable internet connection.

How to identify a good free cloud mining service?

The first thing to look at is the legitimacy of the company. Most cloud mining companies are scams, so you have to be careful what you choose. To do this, look for reviews and testimonials. The second thing you need to look at is the fees and terms. Make sure to research the company and make sure they actually own the bitcoin mining hardware they say they do. Most cloud mining companies offer very poor returns and terms.

This site uses cookies. By continuing to use this website, you agree to their use. Read privacy policy for more info.