Estimated reading time: 11 minutes
Are you looking for the most profitable crypto-currency trading/mining service on the internet? These companies are legitimately operating in this niche, and have proved that they can generate substantial profits to those who invest with them.
Note: you can sign up with any cloud mining service in this list.
Most Profitable Mining Service: IQMining
|Name of Company||Status||Choose pool||Cost of Cheapest Plan|
per 1 H/s
Every new industry has to attract scam elements, and the Cryptocurrency industry is not an exception.
As we speak, there are different categories of scams in this industry. The inexperienced investor isn’t safe at all if they decide to venture on Cryptocurrency cloud mining without first seeking advice.
The scams range from phony coins (Tokens or ICOs that go nowhere) to mining rigs and contracts that will never make you any money.
In short, there is a plethora of ways to steal your money on the internet.
And as with any industry, scammers have to stay on top of the game. That’s why it’s very difficult to recognize what is a scam and what is not a scam.
So here at Valforex.com, we conduct a thorough analysis of any company that claims to offer Cryptocurrency cloud mining contracts to their users.
If we have any reason to suspect that the company in question isn’t meeting our criteria, it won’t appear on the list above.
The same applies to mining farms and equipment. Most of these companies claim that they either own or rent mining hardware so as to facilitate their cloud mining operations.
When we learn that a Cryptocurrency cloud mining company is supposedly owning mining rigs at a physical place somewhere in the planet, our job is to investigate and ascertain whether or not that company owns mining rigs as claimed on their site.
In fact, this is quite easy to find out. We use a combination of tactics and tools to help us achieve this goal. And most of the time, we have found that these companies don’t even have mining rigs as claimed on their sites.
We’ve often discovered that the phony ones have nothing other than a website where they run their ponzi scheme operations from.
The same applies to Bitcoin/Cryptocurrency cloud mining companies claiming that they rent mining hardware for the sake of their investors.
The phony ones simply do nothing to multiply their investors’ money. They don’t want to keep collecting money from members of the public and spending it to building or rent mining rigs. This is typical of websites that are here for a short term.
Also, the phony ones have a dubious track record. They often get bashed on social media and Cryptocurrency forums where victims claim that they invested and when they requested for a payout, the company in question simply ignored their request.
Others have also processed payouts successfully but for a limited period of time. Once the owner of the company realized that they could no longer afford to pay out members, they resorted to outright thievery where they accepted new deposits and ensured that no payout left their bank accounts.
In early 2014, individuals who wanted to mine Bitcoin or any other Cryptocurrency bought mining hardware and assembled them at home for their use.
Over time, it proved to be costly to mine Cryptocurrency at home. The cost of electricity and other shortcomings like excessive noise, overheating and hardware maintenance proved to be a challenge.
What happened next? Cloud mining companies came into the picture. These companies started promising individuals that they will eliminate the hustle and only request that you pay them a small fee to sustain their mining operations.
While companies like Genesis mining are some of the most notable pioneers in the industry, most of the companies that joined afterwards turned out to be scams.
Today, there are still very few legitimate Cryptocurrency cloud mining companies that own mining rigs. There are a few companies that actually pay their members.
What you can see on the list above is a collection of companies that have met our criteria and proved several times that they make payouts as a result of conducting mining operations.
This Seychelles-based cloud mining company offers affordable cloud mining for all altcoins before trading them into Bitcoin and back to your wallet for profit.
Payouts are issued on the same day at the end of every mining cycle.
There are a number of advantages as to why investors should mine with IQ Mining. One of them is that the company has since adapted bitcoin mining 2.0 technology which generates more Gh/s using less energy. This automatically converts to less cost of electricity and high mining efficiency.
The automated altcoins mining switch technology will always work to your advantage as this setup aims to produce 3 times more power for a very low cost.
IQ mining has put in place a number of deposit and cashing out methods which should be very convenient for the investor. We advice you to try IQ Mining and see how it works. You’ll be surprised.
When looking for opportunities where Cryptocurrency mining is affordable and profitable, Bitcoinminer365.io is the place to register.
You can join their mining pool and at the moment, they support only bitcoin mining at a very low fee.
Once you buy hashing power from Bitcoinminer365, you also have the option of withdrawing your coins and investing in other smart mining contracts when you want to. This ensures that you will only achieve the highest possible profits from your cloud mining activities on this platform.
Bitcoinminer365 has earned the trust of many investors on the internet as it was started by a group of Cryptocurrency enthusiasts who set up a Bitcoin mining pool.
When you join them, you can choose your either the small, medium or large plan depending on how much hash power you are willing to invest in. Let your investment run and come back later to withdraw your profits. You can also choose to reinvest your profits for maximum gains.
The pool fees for mining bitcoins at Bitcoinminer365.io is between 1%-1.5%.
Hashflare is one of the most popular Cryptocurrency mining companies on the internet. They promise to make Cryptocurrency mining accessible to everyone who has an internet connection and some money to invest.
Hashflare has a number of cloud mining plans where investors can select what suits them best before investing. In fact, earning Cryptocurrencies with this company is even becoming more predictable as the company has invested in high-tech Cryptocurrency mining rigs in undisclosed locations around the world.
The least amount of hash rate that one can buy from this company is 10GH/s. What this means is that investors don’t even need a lot of money to test the service and see whether they like it.
You might be asking: how genuine is this company?
Well, it was founded in 2014 but officially started its mining operations in 2015. The technology which they are using is powered by the HashCoin team, a group of people who have specialized in Blockchain technology and mining hardware since 2013.
HashCoin Team has produces many ASIC miner devices for mining popular Cryptocurrencies on the internet.
So this partnership with HashCoin Team definitely guarantees that Hashflare will stay upbeat with their mining hardware in relation to modern Blockchain technology.
HashCoin Team innovations are funded by the company’s own share capital. However, they also have other investors who are directly involved in funding their activities.
The founder Ivan Turygin also runs other companies as well. The other partner, Sergei Potapenko, is also qualified for handling Blockchain operations. He owns another company by the name Siberian Timber.
NuVoo is a popular Canadian company with a special interest in altcoin cloud mining. When you mine with NuVoo Mining, you get the option to choose shared or dedicated miners hosting options. Now, that makes them special, isn’t it?
NuVoo mining can also build a dedicated program which will see you owning a mining farm if you want. They are unique in the sense that electricity fees are not transferred to the consumer.
NuVoo has also received many glowing reviews out there. You have to try them.
When people talk of Cryptocurrency mining in the cloud, what comes to mind is Genesis Mining. This shows that Genesis Mining has managed to build a reputation around its name, hence the high trust level that the public has bestowed on it.
With Genesis mining, there are lots of things currently going on. Mining farms are spread across multiple locations in the world to enhance security. In addition to this, Genesis mining offers custom plans for investors with special needs.
But what makes them the best option out there is that they have an auto-trader too. That means you can trade Cryptocurrency on their platform, just the same way you trade Forex and stocks on a broker’s platform on automation.
Genesis mining was founded back in 2013, and is one of the longest serving Cryptocurrency cloud mining service on the internet.
It was started by a group of people who were trading Cryptos on the platform. As the team become more successful, they decided to incorporate it in Hong Kong.
Those in charge of this company have a strong quantitative background.
The current CEO of Genesis Mining, Marco Streng current, is an early adopter of Bitcoin. He is also a mathematician
The founders of Genesis mining have been featuring on major Blockchain technology conferences around the world.
The site is professionally designed. Visitors can easily navigate their way around using interactive video guides that explain everything about the company.
Their data centers are located in Europe, America and Asia, and are designed to reach the most efficient mining capacities.
Nicehash is yet another popular and legitimate Cryptocurrency mining service on the internet. The company is focused on offering complex solutions for those who want to get into the business of mining Cryptos in the cloud.
Nicehash runs a real mining farm which facilitates their cloud mining operations on the web. However, it also runs a mining pool where people can buy and sell hash power respectively.
Nicehash currently offers SHA256, Scrypt and X11 algorithms. They boost their mining power by utilizing different miners across the globe and also adding hashing power using their mining facilities which investors can rent.
The best thing with Nicehash is that they don’t restrict users to join one pool. As an investor, you have a variety of pools to join.
Besides this, users can buy and sell hashpower on the market platform that Nicehash has developed on their site.
The business model that Nicehash uses is not based on investment plans. Rather, it is based on advanced cloud mining experience which is complex and profitable in the long run.
For you to purchase hashing power with them, you’ll be presented with 2 contracts to choose from. The first option allows you to bid on a particular price which you’re ready to pay.
When someone places a higher bid, they’ll get the contract. One might wonder how beneficial this kind of arrangement is to the investor.
First off, this would mean fair market pricing for contracts. Also, it could mean cheaper contract prices when you’re lucky.
The automatic order management also ensures that clients can automatically get out of the bidding process if price goes higher than they initially expected.
The second contract is called fixed contract. If you want to know the price of a contract upfront, this is the contract to pick.
When you pick this contract, you will be awarded with a specific amount of hashing power which should remain constant for the length of time that the contact will run.
We can say that Eobot is one of the longest serving cloud mining company on the internet. Their Antminer S series miner rigs are powered by SHA256 and Scrypt algorithms for mining Cryptocurrencies.
Eobot is a Los Angeles company founded in 2013. Unlike the first 4 in our list, Eobot doesn’t provide much information about their company. But the fact that they’ve existed this long means that they are seriously into this business. No scam can exist for that long before going under.
Now that Eobot is one of the longest serving cloud mining operators on the web, it only makes sense for them to offer services that are at par with those of Genesis mining, right?
We like the fact that Eobot is offering rental contracts that range from 24 hours up to 5 years before hitting expiry date.
We also noticed that this site was trying very hard to stay current with the latest trends. It’s not unusual to see that the site is always adding new features and making sure that their equipment are updated.
Sign up with any one of the Cryptocurrency cloud mining services above because all of these companies are legitimate.
Of course you shouldn’t expect to be millionaire overnight. Your profits depend with how much you’re willing to invest and many other factors too.
So if you can do your part, the rest shall fall in place because your investments are in the hands of legitimate companies that actually mine altcoins.
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