27 Mining provider comparison for cloud mining
Unfortunately, the subject of mining is not really profitable anymore, that's why we present you the currently best alternative. Find out more here under the heading Masternodes.
Bitcoin Mining provider comparison:
Do you also want to benefit from the current Bitcoin boom? Mining on your own computer is no longer a commercial proposition. You need professional equipment in countries where the costs of power and the temperatures are low, so there is little power needed for cooling.
This is exactly what our 4 Cloud Mining providers offer. They produce Bitcoins for you every day and retain around 25% of their revenues, which is then used to buy the equipment and finance the electricity costs and on-going operation.
Cloud mining comparison
Which profits are possible with an example of 1.000 Dollar with the 21 providers? Always keep in mind that these are just forecasts, as the difficulty level of mining continues to increase.
Our tip for those who are not yet 100% convinced: Just sign up now and just close a Mining contract for 100 Dollar. Your risk of loss is very low. And if you actually look for e.g. 4 months like Hashflare has got used money back, you can still complete another mining contract.
Our personal quality criteria for our recommendations
- We have our own accounts at all recommended providers and invest ourselves
- We research all providers and write detailed experience reports (e.g. Hashflare (Link from the editor: www.hashflare.io ) experiences, Invia World experiences, Genesis Mining experiences and Hashing24 experiences).
- We have looked at a lot of Bitcoin mining providers. We do not like many of them. Only those we like can be found in our Bitcoin Cloud Mining comparison
- We write regular updates to the individual mining providers.
- If we cannot recommend one of the providers at some point, we will, of course, inform our readers
- We ourselves have now invested over 100,000 Dollar. This is the best proof that we are convinced by the providers.
How exactly is the process for you as a customer?
Basically, the process is very simple. You open an account with one of the providers. You register with your e-mail address and address.
Then choose how much money you want to invest. That can be 100 Dollar and could also be 50,000 Dollar. The choice is yours.
Afterwards, you pay your contract. This is done by bank transfer, credit card or Bitcoins.
Depending on the provider, you then have a waiting period until your Bitcoin Mining starts. Hashflare starts immediately, Invia World (Link from the editor: www.inviaworld.com ) after 30 days, Genesis Mining (Link from the editor: www.genesis-mining.com ) after 3 months and Hashing24 (Link from the editor: www.hashing24.com ) immediately.
The reason for the waiting period is that the technology has to be bought in part after your deposit or in any case must be made ready for use. It is also possible, for example, that Hashflare may eventually have a waiting period.
Now that your mining contract has started, Bitcoins are being mined daily for you. So you do not receive your income initially at the end of the term but daily. For all very careful readers, these are really very good conditions. Daily payment reduces your risk of loss day by day.
Now that you have received your first Mining results, the Bitcoins are at your chosen cloud mining provider.
Since Bitcoins are not transferred like a Dollar amount, you will need a so-called wallet afterwards. You can imagine this to be like a purse. We have our wallet at Blockchain.info
So as soon as you have your first Bitcoin results, transfer them to your wallet via a Blockchain address. There you can then sell the Bitcoins and the sales proceeds will be credited to your own giro account at your personal bank.
As you can see, participating in the current Bitcoin Mining boom is easy.
Note on risks
* The yields per day are constantly changing. This is due to the nature of Bitcoin Mining.
Due to the constantly changing so-called difficulty and the constantly changing market price of Bitcoins, the mentioned yields and returns are always only a snapshot, which unfortunately do not allow a prognosis for the future.
The yield per day or extrapolated over several years, also represents only a theoretical forecast, which is constantly changing.
Of course, there is always the risk of a bankruptcy, a worldwide Bitcoin ban or similar dangers.