Want to find the best Bitcoin cloud mining contracts?

This post has you covered. Most Bitcoin Cloud Mining Companies are Scams Like the heading says, most cloud mining contracts are scams. Why? Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually owning any hardware. So remember: 99% of cloud mining companies are scams.

Which Companies Are Not Scams?

There is only one cloud mining company we are willing to recommend on this site: Hashflare. Just because they are not scams, however, does not mean that you will make a profit by buying contracts. best cloud mining comparison get your 3% discount today!


Is Cloud Mining Profitable?

It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all.

Bitcoin Cloud Mining Comparison

There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above.

But check back in to see if we find any new, legit cloud mining companies.

Bitcoin Cloud Mining Scams History

The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website.

Once the website is setup it can claim that the company has a large mining facility.

The company can act legit by sending initial payments to its customers. But after that it can just keep the already received payments for hash power and then make no further payments.

In just the last few months, two cloud mining scams were uncovered: Hashocean and Bitcoin cloud.

What Payment Methods do Cloud Mining Companies Accept?

Most cloud mining companies accept Bitcoin, PayPal, and credit cards. If a cloud mining company only accepts bitcoins then there is a good chance it is a scam.

This is because Bitcoin payments cannot be reversed. Once the scam company receives your bitcoin payment you have no way to get your coins back.

No company would give away free cloud mining; this is basically giving away free money.
Are there Free Cloud Mining Trials?

Any company offering free trials, especially if they require payment information, is most likely a scam.

How does Bitcoin Cloud Mining Work?

Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse.

You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased.


Posted by lamoz