Cloud mining allows you to mine Bitcoin and other cryptocurrencies online without having to purchase Bitcoin mining equipment. Therefore, you will not buy cryptocurrency mining equipment, so you do not have to do anything on your device and go into complicated settings. Sometimes this is very difficult for cryptocurrency beginners.

In practice, cloud mining sites or companies that host their mining equipment and servers rent their equipment so to other users and the profits are shared with you.

While most cloud mining sites are not honest, there are also honest and reliable bitcoin mining sites. This article will help you figure out and identify the best Bitcoin Cloud Mining sites that really work.

What is cloud mining

Cloud mining is a process in which you participate in cryptocurrency mining with several people at a distance and buy a certain amount of Hash Power. An equal percentage of profits is distributed among all participants who participate based on the "Hash Power" or "Hash Rate".

It allows you to mine cryptocurrencies without installing any equipment on your device or buying bitcoin mining hardware. There are many companies that do this hard work for you and engage in cloud mining for you at a very basic cost.

Since the site takes care of everything, you don't have to worry about noise, temperature, resource management, or energy costs.

After locating an honest and reputable Cloud Mining, you must make a deposit in digital currency or cash via multiple payment methods. Sure, there are some bitcoin mining sites for free, but some are not worth trying.

If you are looking to earn cryptocurrencies for free or earn bitcoin, here is our guide on the best cryptocurrency winning sites for free.

Bitcoin mining method through cloud mining

Bitcoin mining takes a long time and needs expensive equipment. Cloud mining sites allow anyone to mine bitcoin without having to purchase expensive equipment or possess technical knowledge.

This concept is straightforward, Cloud Mining provides you with a remote data center with hashing power that you can rent.

However, profits depend on the initial fee as well as the price of Bitcoin, since you are essentially renting processing capacity from the Cloud Mining service provider. The fees you pay can have a huge impact on your real ROI.

Mining Bitcoin through Cloud Mining sites may save you a lot of money on energy, noise and heat costs compared to GPU mining equipment, which can cost between $1,500 to $7,000.

All you have to do is buy Hash Power and select an investment period before sitting back and watching the money flow. Like any other type of investment, Cloud Mining sites carry a range of risks.

Bitcoin Mining Sites

Here is the list of the best Bitcoin Cloud Mining sites. Some of them support many other popular cryptocurrencies as well.

1. ECOS

ECOS is more than just a cloud bitcoin mining site. It is the first cryptocurrency investment platform with all digital asset products and tools in one system.

ECOS is a company you may trust because it is one of the first Cloud Mining service providers to operate legally. It offers its customers cloud mining services for Bitcoin only, which is the best digital currency in the world by market capitalization. The company currently serves more than 100,000 users from all over the world.

The company offers a wide range of offers to users. Minimum start is $149. This contract remains valid for a period ranging from 24 months to 50 months. Additionally, there are different options available to you that you can use for deposits or withdrawals. They include credit cards and cryptocurrencies such as BTC, ETH, XRP, and LTC.

There are a lot of benefits that you can get through the ECOS website such as daily payments, clear transaction history, modern equipment, and a wide range of contracts.

2. BeMine

In addition to Bitcoin mining, BeMine also supports consultation on the use and investment of cryptocurrencies. You can also consult with them on e-commerce projects, business registration, and other services.

You can also ask the company to set up your equipment virtually and wait for profits that can be withdrawn to your preferred digital wallet.

The platform allows you to withdraw cryptocurrencies when they reach a minimum of 0.005 BTC.

3. Bitdir

Bitdeer is one of the best cryptocurrency mining sites that allows cloud Bitcoin mining, Ethereum, Litecoin, and 7 other cryptocurrencies.

With over 5 million visits and one million active users, it is one of the most active and reliable Cloud Mining sites on this list.

Bit Deer's website has been reviewed extensively by many people and has proven that it actually works.

4. Kucoin

Kucoin is the best cryptocurrency trading site and also provides Cloud Mining as well as an automated trading bot.

Therefore, if you use the Cloud Mining sites on this list, you can send your profits to the Kucoin platform for trading through the Qcoin automated trading bot.

Free Bitcoin Mining Method

What is the method of mining Bitcoin for free, and is it possible? The answer is yes, possible. But the most important question is, how much can you gain from these methods?

Free bitcoin mining sites are numerous and some are also reliable, but the problem lies in the low profits.

Some sites also provide you to download bitcoin mining software on the computer, the more modern your computer and its capabilities are strong, the more you earn.

I'll give you some good examples. Some require downloading software to the computer such as Kryptex (the process here depends on the power of your device) and others do not. In any case, do not set high expectations.

• Kryptex
• StormGain
• Libertex

Mining Bitcoin from Phone for Free

It is theoretically possible to mine Bitcoin from the phone for free on iPhone or Android. But in practice, smartphones are not the best tool for this job. It's like asking your phone to do something beyond its capacity.

Smartphones today have much more power than before, but there are more advanced computers dedicated to this thing.

That's the truth. In general, I do not recommend mining Bitcoin from the phone for two reasons:

There will be a lot of pressure on your smartphone, and the market shortens its lifespan and weakens the battery.

The returns you get are not worth the effort. For example, mining Bitcoin from a phone will only earn a small wage after a long period of time. Add to them the cost of electricity and the consumption of your phone.

The bottom line

The uptake for cloud mining has recently become very high and the reason is simple – no need to buy any expensive devices and equipment, and don't think about the high electricity bill, overheating of your device or noise.

You can see that I only talked about 4 Bitcoin cloud mining sites after a long search. The reason is that most sites are not worth trying or even trying, and others are not sincere.

Learn now about the best crypto trading platforms

We'd love to hear how your experience was. Let us know in the comments section below if you need any help.