Cloud Mining Reviews
Cloud mining reviews
Cloud mining means you hire mining power from a company. For this, they take a maintenance fee (including electrical fee). The rest is yours to keep. The cloud mining contract is highly dependent on mining difficulty and bitcoin price. The investment is high risk. Read more about each cloud miner. Read our Cloud Mining Introduction if this is the first time are in contact with cloud mining. Also, you can read our blog post, cloud mining step by step, if you want a fast guide to make an investment in cloud mining.
Best Cloud Mining Reviews
We is experienced investors in cloud mining and can easily pick the best company. We started to invest in Bitcoin and Scrypt cloud mining 2014. We have invested in more than 30 different companies and even more different contracts. So far, we think Genesis Mining is the best cloud mining operator. Use our promo code for 3 % discount. Genesis Mining promo code: “allcloud”
Cloud mining profits
Many ask us about how good the profits are from cloud mining. We have invested in cloud mining since September 2014 och we start to count profit now in February 2016. But from now and on is every payout we receive a profit. We have invested several times during this period also. We will add graphs in the coming weeks.
Cloud mining for free
There are a few companies offering cloud mining for free. There are two different ways to try cloud mining for free. Minergate offers CPU, GPU or web mining for free via their software.
Bitcoin cloud mining calculator
We will update with a calculator. Right now we have published payout charts in most of our reviews.
Litecoin cloud mining services
We started to invest in cloud mining October 2014. We have gained a couple of years of experience from different cloud miners. There are no specific contracts just for Litecoin. However, there are companies offering Scrypt mining contracts. Hashflare and Genesis Mining have popular Scrypt mining contracts. Read out Hashflare review or Genesis Mining Review before you invest.
Cloud mining reviews scams
Cloud mining is perfect for scams and Ponzi Schemes. We have invested in several scams but we have also learned how to avoid them. Remember to start with small investments in new and infamous companies. Compare payouts and maintenance fees. Often scam pays much higher returns to get more customers.
Cloud Mining as passive income
Cloud mining is a perfect option for Bitcoin passive income. The only active job you need to do is to buy a cloud mining contract. After this, you will get daily payouts without doing anything at all. Also, this type of passive income is not correlated to the stock market and inflation rate. Read more about passive income in our blog post Bitcoin passive income.
Cloud Mining Risks
Mining Competition: A cloud mining company can always go bankrupt because of bad business. Examples are KNCminer, Mining Sweden and Zeushash.
Ponzi Schemes: There are many fake cloud mining sites. Be careful and invest only in well-known operators. Examples of famous cloud mining Ponzi schemes are Hashocean, Biteminer, Bitcoincloudservices, and much more.
Bitcoin Volatility: The payouts can decrease when the coin price decrease.
Change of terms: The cloud mining company can change the terms of the contract at any point. This happened with Hashflare 2017-08-30. They even changed the terms on already sold contracts.