Best Cloud Mining Platforms For 2024

September 19, 2024 4:36 pm

Have you ever planned to start crypto mining with high-power rigs but discovered it costs thousands of dollars to set up mining rigs? If that’s not all, you also require low-cost electricity and operate the rigs to get most of it. What will you do in such a scenario?

To begin with, let’s understand what Crypto mining is. It is the process that cryptocurrencies use to generate new coins and verify new transactions. To start crypto mining, you can explore some of the best cloud mining platforms available in the market today. Here are our reviews of the 10 best cloud mining platforms, discussing their key features and their respective pros and cons.

Top Bitcoin Cloud Mining Platforms

Before an in-depth review of each of the best Bitcoin cloud mining platforms, here is a brief overview. Each has a unique set of features that make it stand out in the market:

Platform	Minimum Contract Duration	Supported Coins	Why To Use This Cloud Mining Platform
Binance	90 Days	Bitcoin	Trusted and Dependable
Hashing24	12 Months	Bitcoin	Established cloud mining platform with 10+ years in service
ECOS	1 Day	Bitcoin	Best cloud mining platform with a large farming capacity
INC Crypto	1 Day	Bitcoin and Litecoin	A reliable crypto mining platform which uses renewable energy.
F2Hash	30 Days	Bitcoin	High-yield cloud mining provider for large-scale investors
BeMine	1 Day	Bitcoin	AI-powered cloud mining platform with the flexibility to mine according to preferences
Hiddup	24 Months	Bitcoin	Offers fixed-rate annual returns from 6% to 16%
BitFuFu	3 Days	Bitcoin	Convenient monthly package for long-term investments
StormGain	30 Days	Bitcoin	Full-service platform with trading and Bitcoin cloud mining features
Hashmart	12 Months	Bitcoin and Ethereum	Offers a no-commission mining environment and no service fees

10 Best Cloud Mining Platforms That You Can Trust

Understanding the basics isn’t enough when choosing the best cloud mining platform to make a high profit. It needs in-depth knowledge of mining packages, pricing, rewards, ROI, contract duration, and other features.

Let’s dive deeper and review each cloud mining platform.

1. Binance

Binance is a leader in the cryptocurrency exchange space. It offers trading, staking, and holding and extends its expertise to cloud mining. This platform is well known for its robust security and reliability, providing a seamless mining experience. Its comprehensive ecosystem and ability to offer mining options for a wide range of cryptocurrencies make it an attractive choice for diversifying a portfolio.

Supported Coins	Payout Frequency:	Payment Method:	Minimum Contract:
Bitcoin	Daily	Cryptocurrency and Credit/Debit Cards	90 Days

Pros	Cons
Binance is a trusted and popular cryptocurrency exchange. Binance offers high security and reliability. You have multiple payment options to choose from. Its user-friendly interface is suitable for both beginners and experts.	Binance currently only supports Bitcoin cloud mining. It does not have enough app mining functionalities.

2. Hashing24

Hashing24 is another cloud mining website with a long-standing reputation in the cloud mining industry. It has active mining farms in countries like Canada, the US, and Kazakhstan. As per Hashing24 claims, they have 200,000+ registered users, with 1000+ BTC mined and withdrawn by the users.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency and Debit/Credit	12 Months

Pros:	Cons:
They have a long-standing reputation and over 10 years of experience. They established active mining farms in different countries. Hashing24 offers daily payouts for mining Bitcoin.	The minimum contract duration is 12 months. You can only mine Bitcoin; they do not support altcoin mining.

3. ECOS

ECOS is one of the leading Bitcoin mining platforms. It offers a comprehensive cloud mining solution, integrating wallet services, investment portfolios, and more. It’s ideal for a diversified crypto experience. With a dedicated team, partnerships, and government backing, ECOS provides reliability, stability, and profitability to over 550,000 of its customers.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency and Credit/Debit Cards	60 Months

Pros:	Cons:
ECOS has a variety of services, like an integrated wallet and exchange features. They offer a convenient mining app for both Android and iOS users. You have the opportunity to earn Bitcoin through their referrals and rewards features. ECOS provides 24/7 customer support for solving issues.	It has a minimum contract duration of 60 months. Sometimes it can cost high withdrawal fees in cases of network congestion.

4. INC Crypto

INC Crypto has a user-friendly design that is accessible to both beginners and experienced miners. They use the latest ASIC and GPU mining gear from Bitmain, Canaan and Nvidia in their centres. For mining, they also focused on eco-friendly and renewable sources. The miners and cooling systems are powered by solar panels which are environment-friendly and more profitable.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin and Litecoin	Daily	Cryptocurrency	1 Day

Pros:	Cons:
The platform provides flexible payment options for its customers. They offer 24/7 customer support for your assistance. INC Crypto uses renewable energy sources for eco-friendly mining of Bitcoin and Litecoin They provide stable profits and daily withdrawal options.	It doesn’t support fiat deposits when buying a mining contract.

5. F2Hash

It was launched in 2021 and has emerged as the top contender in the Bitcoin cloud mining space. F2Hash is a top choice for small and large-scale investors with high-profit goals. Its Explorer Plan starts at $200 for a 1-year contract, and the Enterprise Flash Plan costs as much as $98,000 for a 30-day contract.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency and Debit/Credit	30 Days

Pros:	Cons:
F2Hash offers high cloud mining yields on larger investments. Before deciding on bigger plans, you can try their Free Experience plans, starting at $5. This Bitcoin cloud mining service also offers daily payout like most other platforms.	The estimated yields on the platform could be better in terms of accuracy. The platform is relatively new; it was launched as recently as 2021.

6. BeMine

BeMine is an AI-powered cloud mining platform with an affordable cost. They provide options for purchasing contracts for ASIC miners, investing in mining packages, and ‘Pool Miners’ that allow you to mine without owning a computer.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency	12 Months

Pros:	Cons:
BeMine is transparent in hardware allocation and performance. They offer the option to purchase or rent specific mining hardware. Various mining packages are available to choose from as per your requirements. Dedicated apps for both Android and iOS allow you to access your crypto.	There is no free mining option available to try on the BeMine platform. Some of the high-end equipment costs are high.

7. NGS Crypto or Hiddup

NGS Crypto is a Bitcoin cloud mining site that offers up to 16% PA (per annum). NGS Crypto has recently rebranded to Hiddup, making its space in the predominant blockchain mining industry. They are known for offering fixed-rate returns ranging from 6% to 16% per year through cryptocurrency mining.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency	24 Months

Pros:	Cons:
Hiddup (formerly NSG Crypto) has a modern platform with an intuitive user interface. The Hiddup platform offers better opportunities and good returns. They have daily payouts like most Bitcoin cloud mining services.	They have a limited track record compared to established platforms, as they were launched in 2018. Many investors perceive that the regulatory framework is rigid rather than flexible.

8. BitFuFu

BitFuFu is a market-leading cloud mining service that is rapidly expanding its mining capabilities. They have also secured significant investment from the world’s top cryptocurrency equipment mining manufacturer, Bitmain. They have a hosting capacity of 644 MW and offer a one-click cloud mining service. Compared to buying Bitcoin, the cost of mining to get coins is lower.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency	3 Days

Pros:	Cons:
BitFuFu offers real-time monitoring for enhanced control. They have a test plan as a starting product, which costs $60. The BitFuFu platform has a user-friendly mobile app.	They charge potentially high fees. You can only mine Bitcoin.

9. StormGain

Like Binance, StormGain is a cryptocurrency platform that supports trading, signal tracking, and leverage. They also provide a dedicated trading and mining app with analytics and market trends for cryptocurrency.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin	Daily	Cryptocurrency	30 Days

Pros:	Cons:
StormGain is ideal for beginners as it has a user-friendly interface. The StormGain cloud mining platform offers free Bitcoin cloud mining for registered traders. They offer features like cryptocurrency exchange and multi-currency wallets.	You require a high trading volume to earn Bitcoin. The standard accounts receive only $0.25 per day.

10. Hashmart

Hashmart has established itself as a prominent cloud mining operation specialising in Bitcoin cloud mining. They offer both 12-month contracts starting at $52.40, making them accessible for investors. Hashmart simplifies cloud mining for beginners with its user-friendly interface and reliable service.

Supported Coins	Payout Frequency	Payment Method	Minimum Contract
Bitcoin and Ethereum	Daily	Cryptocurrency and Debit/Credit	12 Months

Pros:	Cons:
12-month Bitcoin mining contracts start at $52.40 for 500 Gh/s. The maintenance fees are included in the contract value; you do not have to pay extra. It has 24×7 reliable customer support to help you.	Hashmart only has an Android app, and it doesn’t have an iOS app. They don’t clearly mention its mining farm locations.

Conclusion

These Bitcoin cloud mining platforms present an alternative way to mine cryptocurrency without expensive equipment. You don’t require much technical expertise, or deal with the other challenges of managing high mining setups.

Now that you’ve explored the best cloud mining platforms, you can choose the perfect platform for profitable mining. We have selected the best cloud mining platforms based on truthfulness, stable profit, daily payout, and advanced features.

Additionally, earnings from cryptocurrency are taxable in some countries. You have to calculate your crypto profit and report it to the authorities. Calculating manually can take up time and resources, so here comes KoinX. With KoinX, you can calculate your crypto profit and generate tax reports within minutes. You just have to connect your wallets and exchanges to the KoinX dashboard, and you are done.

So, what are you waiting for? Sign up on KoinX and get your tax report seamlessly.

Frequently Asked Questions

What Is a Cloud Mining Platform?

Cloud mining, as the name suggests, is a method to mine a cryptocurrency, such as Bitcoin or altcoin—without an expensive mining setup. Instead, there are services and platforms that you can use to rent cloud computing power that directly runs the hardware and related software. The platforms that offer these services are known as cloud mining platforms.

Which Is The Best Cloud Mining Available In The Market Today?

Best cloud mining depends on factors, like trustworthiness, mining fee, contract duration, and coin to mine. However, as per our research, Binance, Hashing24, and ECOS are some of the best cloud mining services available today.

Which Mining Platform Is Best?

Binance Cloud Mining is currently the best mining platform, as per our review. It’s a leading cryptocurrency platform that offers trading, staking, and mining options. Binance has a user-friendly interface that helps both beginner and expert investors navigate easily.

Is Cloud Mining Free?

Yes, some platforms offer fee mining, but those are like trials; you cannot make significant money from them. However, you can cloud mine for free on platforms such as StormGain, but a paid plan gives you more benefits and rewards. Also, with paid plans, you can access better cloud mining pools.