9 BEST Bitcoin Cloud Mining Sites In 2023 [Review & Comparison]

Review the list of top Bitcoin Cloud Mining Sites and decide on the best cloud mining service companies as per your requirement:

Cloud mining lets you mine Bitcoins and other cryptocurrencies over the Internet through mining contracts signed with cloud mining companies and without any mining equipment. Therefore, you buy no mining equipment and thus have none to manage or do complicated setups on. Sometimes that is very difficult for beginner miners.

How it works is through cloud mining sites or companies having hosted mining equipment and servers of their own, so what you rent is mining hash rates or power and they mine for you for profit.

While most cloud mining sites are a scam, there are many that work, gauged on the profitability, fair pricing, and actual payouts on their contracts – as long as you can purchase profitable hash rates with them. This tutorial will help you select the best cloud mining sites that work.

Bitcoin Cloud Mining Sites Review

Pro-Tips:

• Do research to determine genuine cloud mining sites and companies that pay the cost of their packages, their profitability, and payout frequency. Online cloud mining profitability calculators can provide a hint of earnings expected for a given hash rate bought.
• Cloud mining profitability depends on mining difficulty for that particular crypto, the cost of a package, and the pricing of the coin. Be certain to check the mining difficulty and hash rate of a coin before buying a contract.
• Cloud mining sites do not control mining difficulty or the overall profitable mining hash rate for a given cryptocurrency, even if they support it for mining.

Fact Check:

• As of September 2021, China, the United States, Kazakhstan, Russia, and Iran are declared as top countries for cryptocurrency mining.
• High energy usage in crypto mining, decreased mining efficiency, high cost of mining equipment, equipment depreciation costs, and maintenance issues are some of the reasons to look for a cloud mining site.

Bitcoin mining hash rate distribution:

Frequently Asked Questions

Q #1) Is it possible to mine Bitcoin in the cloud?

Answer: Yes, it is simpler to mine on the cloud than on your mining hardware. Simply identify a Bitcoin cloud mining company on our list, sign up for an account, deposit the required amount, and start mining in the cloud. You get freed from the high costs of buying mining hardware, maintenance costs, depreciation costs, and also set-up hustles.

Q #2) Which is the best cloud mining software for Bitcoin?

Answer: The best cloud mining software for Bitcoin is Genesis Mining, given its experience and customer base. However, there are multiple options in our list including ScryptCube, Hashnest, and others. You access cloud mining software based on payout amounts, commissions or costs/charges, packages, optional coins to mine, ease of use, withdrawal and deposit methods supported, and many other factors.

Q #3) Is there a way to mine Bitcoin for free?

Answer: Barely there is. You could try the free Bitcoin mining software, but ideally mining Bitcoin profitably this way will involve selling your computational power to a mining farm that does it on your behalf and pays you. It is a considerably cheaper way of mining. Another way of mining Bitcoin cheaply is via cloud mining connectivity.

Q #4) How does IQ mining work to mine Bitcoin?

Answer: IQ mining allows you to mine Bitcoin, Ethereum, and other supported cryptocurrencies. It works by you signing up an account on their website, buying a mining contract package with the company, then waiting for mining earnings. The earnings or payouts are delivered to the account every day and you can check the balance. You can then withdraw as little as $10.

Q #5) Are there cloud mining apps that are free?

Answer: Yes, several. Even those you can mine on Android, iOS, and P.C. Windows, Linux, and macOS devices.

StormGain, for instance, lets you mine crypto on Android and iOS. It does not require you to buy additional mining equipment beyond your mobile phone. It claims to be a Member of the Blockchain Association of the Financial Commission. You can also try using the free NiceHash CPU miner software for Windows and Linux.

Q #6) Is there such a thing as cloud mining? What is Bitcoin cloud mining?

Answer: Cloud mining allows you to purchase a mining contract package from a company that owns mining equipment. After buying the contract, they will mine with their machines or connect to third-party cloud mining sites and pay you mining earnings according to the hash rate you have bought from them.

With cloud mining sites, you do not need to buy, own, operate, or set up mining equipment.

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List of Top Bitcoin Cloud Mining Sites

Here is the list of remarkable cloud mining companies:

1. Pionex
2. Genesis Mining
3. ScryptCube
4. Hashnest
5. Bit Deer
6. IQ Cloud Mining
7. BeMine
8. GMINERS
9. Shamining
10. Hashlists
11. Freemining
12. Bytebus
13. ECOS

Comparison Table of Cloud Mining Companies

Cloud mining
company Top features CostOur rating

PionexGrid trading bot,
Leverage trading bot,
Spot futures arbitrage bot,
Spot trading bot,
Arbitrage trading bot.0.05%5/5

Genesis MiningGenesis Mining Advanced Auto-Allocation.$16 to $7,699 for Bitcoin mining and up to $500 for Ethereum mining.5/5

ScryptCube Referral payments- 3% of the price of every completed purchase made by your referrals.$4.9 per 100 GH/s and $7.5 per 100 GH/s for a 2 year contract.5/5

Hashnest Use PACMiC (Payout Accelerate Cloud Mining Contract) to pay no costs at all. Not available.4.8/5

Bit DeerHash rate market lets people buy and sell hash rate with each other. $1833.50 for 50 TH/s to $46060 for 500 TH/s.4.5/5

A detailed review of mining sites:

Pionex is not a cloud mining site but a crypto trading platform that also supports 12 bots that you can use to leverage or margin trade crypto. These bots can also be used to trade crypto spot futures. Therefore, if you have been using cloud mining sites to generate Bitcoins or other cryptos, you can send them to Pionex wallet for auto trading.

Pionex would be a favorite cryptocurrency exchange for those who want to swap their crypto automatically. It works great for trading with USDT and USDC stable coins as well as USD. In addition to supporting direct deposits with credit cards – which take a day to complete – you can buy them on the Android and iOS Pionex Lite app.

• Grid trading bot
• Leverage trading bot
• Spot futures arbitrage bot
• Spot trading bot
• Arbitrage trading bot

#2) Genesis Mining

Best for beginner and advanced crypto miners.

Genesis Mining site is known for its ease of making deposits and withdraws when mining Bitcoin or other cryptocurrencies on the cloud. The company started in 2013 and now supports mining of Bitcoin, Ethereum, Dash, Litecoin, and over 7 other cryptocurrencies to mine across 6 major mining algorithms.

According to the Bitcoin mining site, they have serviced over 2 million customers from over 100 countries and have conducted over 100 million crypto transactions. Their mining farms or servers are located in 10 locations on different continents including Greenland, Estonia, Ice land, United Kingdom, and Sweden.

Features:

• 100% uptime guarantee to ensure their clients do not lose time in mining once they buy contracts.
• 24/7 customer service.
• The Genesis Mining Advanced Auto-Allocation from the user dashboard allows a user to allocate their hash power as wished to mine multiple coins.
• Payment and withdrawal are done via crypto wallets, MasterCard, PayPal, Wire, and debit cards.
• Mining outputs are generated daily but the payout is ready to withdraw on reaching a minimum that depends on the crypto being mined. For instance, BTC is 0.0015 BTC.
• Daily maintenance fees are deducted from the mining outputs or earned coins. For Bitcoin Radiant Classic, which is USD 0.03 per TH/s, and the Radiant Zero package, the amount is zero.

Minimum Investment: $16

Pricing: Depends on crypto and package chosen – from $16 to $7,699 (different packages) for Bitcoin mining and up to $500 for Ethereum mining.

Website: Genesis Mining

#3) ScryptCube

Best for beginner and advanced crypto miners.

ScryptCube uses f2pool mining pool to mine Bitcoin on behalf of users who do not want to use a lot of money in buying mining equipment, manage their equipment locally, and keep doing the setups. Based on analyses of ScryptCube’s wallet addresses over time, the company actually receives payments from f2pool and pays its users.

Analyses done on addresses on the screenshots shared by different users on the company’s Telegram group show the users actually received regular payments from the company since 2020. The Bitcoin cloud mining site also allows users to mine Ethereum and will support Beam mining soon.

Features:

• Telegram chat support. There is also an online mining calculator to determine if the hash rate package you want to buy is profitable and how much it can generate.
• No maintenance fees. Packages can be bought via BTC, Visa, and MasterCard methods.
• Daily accruals mean you receive daily mining earnings on your account. You can check them in real-time on the account.
• Immediate withdrawals from day one of mining.
• Referral payments — 3% of the price of every completed purchase made by your referrals.
• Get real-time stats on mining activity.

Minimum Investment: $1.90

Pricing: Bitcoin mining plans start from 1 year at $4.9 per 100 GH/s and $7.5 per 100 GH/s for a 2-year contract.

Website: ScryptCube

#4) Hashnest

Best for beginner and advanced crypto miners.

The cloud mining company and site is owned by Bitmain Technologies, which was founded in 2013 in China by Wu Jihan and other investors. The company acquired Snowball.io, a cloud mining platform in 2014. As you might already know, Bitmain is one of the leaders in Bitcoin mining equipment manufacturing.

With the company, you can mine Bitcoin, Litecoin, Zcash, and Dash cryptocurrencies. According to the website, they have over 400,000 users globally.

Hashnest directs all miners to Antpool, which is part of the Bitmain Corporation.

Features:

• Smartphone app to help manage mining investments on these Bitcoin cloud mining sites.
• Ability to buy and sell Bitcoin cloud mining contracts on an open market with other users. This is easy to do from the user’s account panel.
• Daily-earnings are deposited on the user account.
• Only BTC is an accepted payment method.
• Customer support, two-step verification process upon registration, and minimum investment is needed.
• Redeem hash rate for mining hardware.
• Use PACMiC (Payout Accelerate Cloud Mining Contract) to pay no costs at all.

Minimum Investment: Not available

Pricing: Not available

Website: Hashnest

#5) Bit Deer

Best for advanced crypto miners as well as beginners.

Bit Deer is one of the best cloud mining sites which is managed by a Singaporean company. It was founded by Celine Lu who is still the CEO. The company allows those who sign contracts on the cloud mining site to mine crypto using ASICs like the Antminer S19 and S19 pro.

Of the trusted cloud mining sites reviewed in this article, it offers one of the great diversity to miners. That’s because it allows them to mine Bitcoin, but also a great option for those looking for Ethereum cloud mining, and Bitcoin Cash cloud mining, Litecoin cloud mining, and 6 other cryptos.

A group can also decide to purchase a hosted rig through the service and Bit Deer will oversee the mining. The group can then share rewards equally after mining with the rig. With over 5 million visits and 1 million active users from 200 countries, it is one of the most active and trusted cloud mining sites on this list.

Based on reviews, the company’s mining contracts offer an 80% return user rate and outputs of over 100 BTC per day. Like other trusted cloud mining sites on this list, it is also widely reviewed at the Foxy Rating site, for instance, proving that it actually works.

Features:

• In addition to the cloud Bitcoin mining hash rate buying service, it also offers cloud hosting of miners. It also sells the Antbox mining farm that can occupy about 20 square meters and host up to 180 Antiminer s19 units.
• Hash rate market lets people buy and sell hash rates with each other.
• Customized mining solutions for professional investors.
• Android and iOS app for managing earnings and mining activity, getting support, and other things.

Minimum Investment: $1833.50 for BTC miners.

Pricing: Hash rate contracts vary depending on crypto and amount of hash rate – For BTC and Bitcoin Cash cloud mining, they range from $1833.50 for 50 TH/s to $46060 for 500 TH/s.

Website: Bit Deer

#6) IQ Cloud Mining

Best for leverage crypto, forex, and stock traders in addition to hash rate buyers.

This best cloud mining site was launched in 2016 on the verge of the surge in cloud mining service demand. Today, IQ Cloud Mining company has mining equipment in Canada, Russia, Iceland, Georgia, Algeria, and China, and customer support teams in UK and Russia.

In addition to cloud Bitcoin mining, it is a great option for those looking for Ethereum cloud mining, Litecoin cloud mining, and Ripple cloud mining. In fact, you can mine up to 150 different altcoins.

The company offers a 35% discount on all mining contracts. You can also withdraw your earnings to your preferred wallet on a daily basis.

Features:

• Also supports leveraged trading of crypto assets and forex derivatives on a 1:3 to 1:100 leverage ratio. Also supports options trading.
• Copy trading of experts on the trading platform.
• Contracts pledging
• You can opt for a fixed payment in USDT on a USDT mining contract.
• Pro contract comes with 20% interest per year.
• Daily payouts.
• Auto reinvests with income booster and earn up to 180% a year. 24/7 live support

Minimum Investment: $250

Pricing: $ 0.622 per 10 GH/s for SHA 256 hash rate 1-year contracts. That mines 10 coins. It has a potential income of up to 125%. SHA-256 PRO 10 GH/s costs $0.718 for 2 years and can mine up to 150 coins and tokens. Lifetime Ethereum contract costs $1.572 per 0.1 MH/s.

Website: IQ Cloud Mining

#7) BeMine

Best for those needing consultancy in addition to hash rate renting/buying.

In addition to buying and selling mining hash rates, the company also supports the purchase and sale of digital currencies. Customers can also consult on the usage and investment in cryptocurrencies. They can also consult on e-commerce and ICO projects, registration of businesses, and other services.

You can also ask the company to set up your mining equipment virtually while you wait for profits, which can be withdrawn to your preferred wallet.

The platform allows you to withdraw crypto when it reaches a minimum of 0.005 BTC. Otherwise, the Russian company was founded in 2019.

Features:

• You can test the service through 3 days of gifted Antminer S19 mining if in doubt.
• Unlike other cloud mining companies, it offers 7% on referral purchases.
• The cryptocurrency cloud mining has an inbuilt cryptocurrency exchange.
• You can also send over your ASIC mining equipment to the company and it will be hosted for you in their data center.
• 4 data centers with a total capacity of 70 mW/h.
• The cost of electricity is $0.054 kW/h and payment is done automatically from your account.
• Depositing via VISA and MasterCard, PM USD, Bitcoin, and altcoins.

Minimum Investment: $61

Pricing: $61 one-time payment. Depositing and withdrawing fee is commission based on the amount of crypto Up to 0.05 BTC — 3%; from 0.01 to 0.05 — 5%; and under 0.01 — 7%.

Website: BeMine

#8) GMINERS

GMINERS is a worldwide cloud mining company with a head office in London, England. The up-and-coming platform has attracted 3000+ users so far, and it is most promising in the field at the moment.

The company runs three data center parks in Iceland, Kazakhstan, and Georgia. Focusing on ethical and environmentally-friendly cloud mining, GMINERS uses mostly green-energy technologies in their data centers (just like solar panels and wind power generators).

Let’s take a look at the return from cloud mining under GMINERS’ contracts. Investing $5000 in a one-year option, you get $600 as a monthly earning (with 117926 GH/s). So within a year of cloud mining, you can reach $7200 as an easy, steady passive income.

To put it another way, you earn Bitcoins day after day by doing nothing. The minimum deposit amount is only $500 here. It turns GMINERS into one of the best cloud mining websites for beginner crypto investors.

Bitcoin options with current profitability rates

• Start: 143% (90 000 GH/s)
• Professional: 149% (450 000 GH/s)
• Smart: 156% (2 000 000 GH/s)
• VIP: 170+% (with unlimited power)

The price per 1 GH/s is $0.0120 for all plans.

Also, GMINERS provides a personal manager for every user.

The other features include daily instant payouts, 24h support, 99.98% uptime. Users can join an affiliate program to get an extra income from the Bitcoin cloud mining process. We found it’s easy to start, control the process and withdraw funds from this fast-growing cloud mining platform.

Users can check profitability statistics and statements of income on the account at any time. Currently, there is 30% off prices for all types of miners on Gminers. If you want to dive into the Bitcoin cloud mining experience with better pricing, sign up now.

#9) Shamining

Best for renewable energy mining.

Shamining cloud mining company was launched in 2018 and serves beginner to professional crypto miners. Based on reviews, the company operates three data centers in Cape Town, California, and London. In addition to Bitcoin cloud mining, you get Ethereum cloud mining, Litecoin cloud mining, etc.

Based on their website, they also use wind turbines and solar panels in the mining of digital assets.

Besides the minimum investment amount of $150, the company can organize for custom mining operations when the investment amount is above $100,000. Also, according to the cloud mining site, you can withdraw a minimum of $0.001 BTC.

Features:

• Like other cloud mining companies, it has instant payouts available 24/7.
• With an average income multiplier, you can multiply earnings on investments by 1.43 times.
• Like most cloud mining companies on the list, there is a calculator with which you can estimate your earnings before investing in renting cloud mining equipment.

Minimum Investment: $150

Pricing: Starts at $0.0109 per 1 GH/S for ASIC miners and $ 0.0113 per 1 GH/S on GPU and $ 0.0120/$ 0.0113 per 1 GH/S for GPU mining contract.

#10) Hashlists

Best for beginner miners without mining hardware.

Hashlists is a cloud mining site on which a user can buy mining plans or packages and watch their mining earnings grow in their wallets. With the platform, you can mine Bitcoin, Litecoin, Ethereum, Dash, Dogecoin, Filecoin, and ETH without having to buy expensive mining hardware that also requires maintenance and setups. You can also mine stablecoins – USDC and USDT.

It has a free mining option. The investment or crypto mining plans/packages start from a free experience daily plan at a price of $8 with a fixed return of $0.8. Once you register, you get the $8 for free and can invest it and start earning. However, this plan only allows 1 order. With other mining packages, you can buy more than one order each.

Otherwise, LTC mining plans cost $100 for three days with a total return of $5.4; ETH mining plans $520 for 10 days at a return rate of $97.03. To mine BTC, you will need to invest away $1,800 for 20 days and you earn a fixed return of $700.02 on top of the invested amount. Mining Dogecoin costs $6,500 for 60 days at a return of $8,200.

Features:

• Earnings are deposited in the wallet daily rather than when the contract term ends.
• Withdrawal minimum $100. Once reached, simply visit the Withdraw section and enter your withdrawal wallet address, and the transaction will be processed within an hour.
• No credit card or PayPal payments – must deposit crypto to invest in the mining plans.
• The minimal deposit is $100.
• The service is browser-based. No need to run the app.
• Online customer support through chat and email.
• Simple registration process. To start mining, simply click on Plans, select a plan, deposit, and proceed to buy.
• You can track your orders and earnings from the dashboard.
• Earning leaderboards.
• No management or electricity fee is charged.

Minimum Investment: $8
Pricing: From $8 to $6,500 on Dogecoin mining. The price depends on the mining plan.

#11) Freemining

Best for gamers who want to earn passive incomes.

Freemining cloud mining website lets users mine Bitcoin for passive income. A user can start mining cryptocurrencies within just a few steps of signing up and submitting a wallet address. The cloud mining site offers different cloud mining packages, from basic to enterprise level.

Instead of buying hash rates or hosted cryptocurrency cloud mining machines, customers can buy different investment plans and get paid a given pre-set amount of BTC per day. This makes it different from all the packages on the list.

The free mining package generates 0.00002500 BTC for users on a daily basis and users can upgrade any time. The minimum withdrawal amount is 0.002 BTC, with withdrawals taking 2 to 4 hours. The only accepted payment method is Bitcoin.

Features:

• Free spins are given to winning more crypto on the Lucky Game, besides the daily payouts. From 5 spins for the basic package to 125 free spins for the enterprise package.
• New users get 3 free spins on the Lucky Game.
• Bonuses from 0.0004 BTC for the basic arrangement, to 0.07 BTC for the Enterprise package.
• Affiliate earnings in 5 levels – in 8% – 3% – 2% – 1% – 1%.

Minimum Investment: 0.002 BTC

Pricing: Basic package costs 0.002 BTC, Starter 0.015 BTC, Standard 0.05 BTC, Enterprise 0.15 BTC, and Professional 0.35 BTC for 365 days contracts.

#12) Bytebus

The Bitcoin mining software for cloud mining is a brilliant alternative that can make you much closer to the professional cryptocurrency world. The web platform we love the most is Bytebus, an easy-to-use mining service to earn Bitcoins without any additional hardware.

One of the first businesses to offer cloud mining services, Bytebus was established in 2018 and is trusted by more than 360,000 users globally. The most convenient thing about Bytebus is its simplicity. You are not required to download and install any applications to start working.

Just register on the platform and use Bitcoin miners remotely by renting some hash power. The registration process is entirely free, so we can mark Bytebus as free Bitcoin mining software to earn coins. To rent hash power, purchase one of the all-inclusive service packages that do not include any service fees or something of that nature.

Features:

• Sign up to get $10 right away.
• Invite friends to get 3% bonus.
• No need to download and install any mining software.
• Can be used with Windows and any other OS.
• Earn money without investing.
• Mining profitability calculator.
• Different Bitcoin miners to rent.
• Fast daily payouts.
• Detailed mining statistics.
• No overhead and electricity fees.
• The professional staff offers round-the-clock customer support.
• DDoS and SSL are used to defend the system.

Minimum Investment: $10

Pricing:

• $10 – 1 day – $10+$1
• $100 – 3 days – $100+$6
• $480 – 10 days – $480+$102
• $6000 – 50 days – $6000+$7400
• Daily returns range between 2% and 10%

#13) ECOS

ECOS is the only legit cloud mining company. It was established in 2017 in Armenia in the Free Economic Zone. ECOS has more than 100 000 users from all over the world.

You can easily use a convenient mining calculator to estimate mining returns and choose the best option for you. ECOS is available on both web versions and mobile apps.

In addition to the mining contracts and equipment hosting, the company offers crypto indexes in which people can invest. These include the NFT Index, Elon Musk Index, Top 10 Index, DeFi Protocols Index, Metaverse Index, and many others. The mobile app also offers a multi-currency crypto wallet for storing and exchanging 247 cryptocurrencies.

Features:

• Daily payments
• Customized contract purchasing – you can customize your contract in terms of duration, hash rate amount, and profit using a simple slider on the website.
• Android and iOS apps to manage your mining contracts and other crypto assets.
• The very low minimum withdrawal from the wallet is 0,001 BTC.
• 180 days warranty of their equipment for the equipment and hosting service. Gadgets can mine for 5 years.
• Free trial mining contract for 1 month to test the platform.

Minimum Investment: $100
Pricing: Customized. The minimum price is 100$

Conclusion

This tutorial discussed some of the best cloud mining sites or cloud mining companies on which you can mine popular and non-popular crypto.

Most of the Bitcoin mining sites on the list allow you to purchase hash rates contracts directly from the company. Only Freemining.co lets you invest in packages without any hash rates in question and then play to win more crypto. It is also one of the Bitcoin cloud mining that you can start for free.

We suggest Genesis Mining for its proficiency and experience. It allows you to mine multiple cryptocurrencies and packs in an auto-balancer to allocate cryptos that you want to mine with your hash rates. Otherwise, BeMine also offers consultancy in addition to hash rate buying.

If you want Bitcoin mining companies with integrated peer-to-peer trading of cryptocurrencies and hash rates, go for Bit Deer, Hashnest, and IQ Cloud Mining. The latter also offers contract pledging and copy trading on their trading platform.

Research Process:

• Time taken to research and write this article: 10 hours
• Tools initially shortlisted for review: 15
• Tools finally reviewed: 9

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