Cloud Mining Reviews

Cryptocoinzone´s cloud mining reviews includes cloud mining ROI and profitability calculations, bitcoin and altcoin cloud mining contracts, promo codes and general information about the largest cloud mining operators.

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We started to invest in cloud mining in 2013 so we know what we are talking about regarding this topic. However, around 2013 cloud mining was an unknown phenomena and many people took advantage of this and created many cloud mining scams. There were so many cloud mining scams that you couldn’t tell which one was legit and which one was not. At this point we created Allcloudminers.com which only purpose was to try to help people to not invest in scams. We did develop skills to differentiate scams from legit cloud mining companies. Nowadays Allcloudminers and Cryptocoinzone have been merged to this site.

Still, cloud mining is a questionable service and many people doesn’t experience profit in the long run. We think cloud mining can be a good option if you like to differentiate your passive income portfolio. We would never recommend anyone to go all in on cloud mining. We have learned how to earn bitcoin passive income in other ways, such as interest accounts and staking. We prefer these passive incomes over cloud mining and you can read more about these options in our complete guide about bitcoin passive income.

Best Bitcoin Cloud Mining

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Viabtc cloud mining logo

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Hashing24 cloud mining logo

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Best Ethereum Cloud Mining

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Latest Cloud Mining Articles

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Mining Rig Rentals Review

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Questions on Cloud Mining

What is Cloud Mining?

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. 

Is Cloud mining profitable in 2020?

We have invested in cloud mining since 2013 and we have experienced a lot of scams and a lot of unprofitable contracts. However, the cloud mining industry has developed a lot since then, but still, the contracts give low return. We would recommend to read our guide on Cryptocurrency passive income where you can read about alternatives.

How do i invest in Cloud Mining?

An investment in cloud mining is a straightforward procedure. You signup and choose what contract you want to buy. Thereafter, it’s just a simple credit card buy or a Bitcoin transfer. 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. 

Can I do Cloud mining for free?

There is no company offering free cloud mining contracts. We’ve got it in some cases but all these companies were scams. Either way, you can use your laptop or gaming PC to mine via Minergate. It’s basically free, you just pay the electricity bills.

Is there Ethereum Cloud mining?

Hashflare and HotelHoney offer Ethereum cloud mining contracts. Read more in our Ethereum cloud mining review.

Is there Litecoin Cloud Mining?

Bitdeer offers Litecoin cloud mining contracts. Read more about Litecoin cloud mining in our Bitdeer review or in our Litecoin cloud mining review.

Is there any Litecoin Cloud Mining contracts?

Genesis Mining used to offer Litecoin cloud mining contracts. However, they are sold out in August 2020.

Are There Any Cloud Mining Risks?

Yes, we have summarized the cloud mining risks below.

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. Read more about this topic in, How to identify a cloud mining scam.

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.

Is Cloud Mining 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.

How can I know if a Cloud Mining company is legit in 2020?

Cloud mining has been an industry full of scams and it´s not easy to determin, whether or not, a cloud mining company is legit in 2020.

However, the worst era is over and now there are some legit cloud mining companies that you should stay to if you think about investing in cloud mining.

We have summarized all legit cloud mining companies in 2020.