Bitcoin cloud mining is one of the greatest things that ever happened on the web. I started mining Bitcoins back in 2014, and I have made good profits since then.
I am still holding some Bitcoins which I am not willing to spend given that this Cryptocurrency is resilient and has a huge potential of hitting $50,000 or more by the time we are getting into the middle of 2019.
For that reason, I have observed that everyone now wants to join mining pools on the internet so they can also have their piece of the pie.
But the question is, what legit Bitcoin mining sites are available out there? Is every other site selling hashpower legit, trusted or worth joining? Of course that is not the case.
If you want to mine with trusted cloud mining sites and nothing less, stick to this rule of thumb – don’t sign up on every other site you find on the internet. If you do so, you will risk your money for no reason.
I always plead with my audience to do their own due diligence before sending coins to strangers on the internet.
Is the site well-known? Do they have a reputation as one of the trusted cloud mining sites on the web? Are there any client feedback on forums like Reddit?
If you have the time, do your research and try to consider each case from all angles.
Otherwise, if you want to get started immediately, you can trust my investigations and Intel on the following legit or trusted cloud mining site(s). If you sign up to mine Bitcoin from any of these trusted cloud mining sites, I guarantee that your investments will be in safe hands.
But please note: even if you’re mining with a trusted cloud mining site in this list, you can only make good profits if you have a huge amount of hashing power to generate altcoins.
You see, if you invest $1000 for example, a site like Hashflare will make you $10 or more per day. On the other hand, if you invest $100 only, then you can only make slightly under a dollar for your daily profit.
Also, make sure that you’re using reinvest feature. I love this feature very much because it automatically adds hashing power to my account, and that means my profits can only accumulate faster.
To get insights on factors that are affecting the amount of Bitcoins you can mine in a day, read this article.
|Name||Min Order Price||Mining Currency|
per 1 H/s
|0.005 Bitcoin||Bitcoin, Zcash, Ethereum etc|
Overview of trusted cloud mining sites listed above
When looking for trusted cloud mining sites on the internet, you will most likely come across Hashflare as one of the recommended sites for mining Bitcoin.
Hashflare has proved to be a legitimate Bitcoin Mining site since its advent a couple of years ago. Their business model is similar to that of Genesis Mining, except that there is a small difference.
One thing I have noticed with this site is that their mining contracts are generally cheaper than those of Genesis Mining.
Hashflare nearly accepts clients with any amount of money to invest unlike Genesis Mining which has a specific minimum amount required in order to start mining Bitcoin with them.
This is a good thing because you will immediately see bigger returns, unlike if you started with a smaller amount.
But I also think that Hashflare doesn’t enjoy the kind of fame that Genesis Mining has. Probably this is because Genesis Mining has a lot of social buzz surrounding its name on major internet forums.
Nevertheless, this does not make Hashflare a less legitimate cloud mining site on the internet.
As I have told you before, I started with them a couple of months ago, and have seen my BTC balance growing each day. So I can say with all confidence that they are one of the few legitimate Bitcoin mining sites on the internet.
If you want to get started with Hashflare, it is important that you should understand their way of operation first.
Basically, these guys rent out Hashing power to you for a small fee. The amount which you invest with them will determine the amount of dividend which you will receive in your Bitcoin wallet.
If you want to earn daily dividends, then you must invest a big amount which will in turn give you more hashing power in the pool. There is no short cut to earning more Bitcoins quickly.
I think they are one of the best legit Bitcoin mining sites this year because they even appear to mine more coins that Genesis or any other legit cloud mining site on the internet.
The other thing about this cloud mining site is that they have integrated a feature called ”re-invest”.
With this feature, you can choose to automatically re-invest your balance to earn even more.
Although this trusted cloud mining site has less social proof, I think that their diversified and affordable investment plans make them a good contender.
That said, it is still good to have Hashflare and Genesis in your investment plans though.
(b) Genesis Mining (use jGqMuf code to get 3% discount)
Maybe you don’t like the simplicity that comes with Hashflare’s design and want to explore other options to see if they will fit your liking.
If that is the case, try Genesis Mining, which is one of the most trusted cloud mining sites on the internet in 2018.
They are offering a 3% discount for buyers who use this code jGqMuf
Therefore, you have to remember that when you’re opening an account with them, you will be asked for that code if you’re interested in buying hashing power at a cheaper cost.
I can tell you for sure that Genesis Mining offers the safest and easiest way to obtain hashing power for mining Bitcoin.
They don’t outsource their mining rigs since there is full evidence that these guys own their hardware.
The other advantage is that these guys are accepting PayPal, Wire and Credit cards as a means of payment (if you don’t like funding your account in Bitcoin).
Generally, some people prefer Genesis Mining simply because this company has built their name and reputation for some time.
Just search the phrase ”trusted cloud mining sites” on any search engine and chances are that you will come across Genesis Mining.
Everyone wanting to mine Bitcoin in the cloud is mentioning Genesis Mining as the number one go-to place.
On the other hand, I mentioned that their contracts are a little bit expensive when compared to those of Hashflare.
As always, you have to invest on more hashing power to make more money. Sign up here with the provided code (jGqMuf) to get started. They are completely legit and trusted.
Most people don’t really understand how Nicehash works. However, that does not disqualify them from the list of trusted cloud mining sites on the web.
Nicehash is a unique multi-mining pool where users can mine any hashing algorithm such as SHA 256, Scrypt, ScryptNf, X11, X13, X15, Keccak, Nist5, NeoScrypt etc.
Nicehash has also incorporated an in-house hashing power exchange where investors can sell their acquired hashing algorithm to other users who are interested in purchasing profitable mining contracts.
The platform charges a 3% fee on orders. It has also been said several times before that selling hashing power with these guys is usually more profitable than mining Cryptocurrencies with them.
Depending on how you look at it, this can be advantageous and disadvantageous at the same time. I would do both to capitalize on the two money-making opportunities which this legit cloud mining site is offering its users..
In addition to that, this cloud mining platform provides help for large scale mining operations that are in need of their technical assistance.
Because of the reasons stated above, many investors (including me) have resolved that Nicehash is one of the best and trusted cloud mining sites on the internet.
Author: W. O.
W. Omondi is a swing trader and an investment blogger. He reviews trading products and only recommends trading products that work.