Cloud mining in 2022 - reliable services with the best profitability and bonuses

Nowadays, cloud mining of cryptocurrency is becoming increasingly popular. It practically displaces classical mining methods. The thing is that everyone can afford to mine cryptocurrency (Bitcoin, Dogecoin, Litecoin and other types) using cloud services, and in some cases even without any investments.

Cloud mining is a new opportunity for cryptocurrency mining, which consists of renting equipment of the required power from companies (services) that have it. This is very convenient and profitable, because... services providing cloud mining services protect us from unnecessary costs and settings that we would make when mining on our own equipment. Simply put, you no longer need to monitor your equipment and worry about power outages or Internet outages; all this headache falls on the shoulders of the services from which we will purchase cloud mining capacity.

Initially, all cloud services were engaged in cloud mining of bitcoins and litecoins, but now they allow you to mine other cryptocurrencies. In this post, I will present a list of proven and reliable cloud mining sites for Bitcoin, Litecoin, Dogecoin and other alternative cryptocurrencies that pay consistently and have been working for many years.

What is cloud mining

Cloud mining is a type of investment in which the investor rents the power of remotely installed equipment. ASICs belong to mining companies that build cloud farms for mining and specialize in selling hashrate, or engage in classic mining and rent out part of the capacity as an additional direction.

For example, to reduce your own risks or to quickly obtain funds for timely equipment upgrades.

Advantages of an investor in cloud mining:

The bar for entry into the industry is low - on average, from 0.005 BTC.
Independence from personal technical competence - the service provider is responsible for setting up and maintaining equipment and renting servers for mining.
The ability to choose a company in a jurisdiction where, due to climatic conditions and/or electricity tariffs, OM’s profit is more attractive than income from classical production in one’s own country.
The ability to diversify investments between several cloud mining companies.

If a person cannot or does not want to maintain equipment and mine in a pool, cloud mining is the only way to get “clean” coins. And also, one of the reasons why some investors continue to OM in a slight minus is when the coin rate sharply decreases or the difficulty increases, and stock quotes lag behind.

Disadvantages of deposits in OM:

The risk of encountering fraudulent companies and losing money.
The risk of investing in a company that will begin to lag behind competitors and become unprofitable or will be subject to a hacker attack and go bankrupt.
The need to calculate the prospects of OM, taking into account the increase in the complexity of production, the current exchange rate and the likelihood of a “bullish rally”.
The need to accept unprofitable periods, since the contract lasts for the entire rental period, and your own equipment can be suspended in unfavorable conditions of the exchange rate/complexity of the coin network.

Comparison of virtual mining with the main types of mining:

View	Attachments	Profit	Risks
OM, on Asics	Moderate	Average	High
GPU, on video cards	High	High	Average
CPU, on processors	Low	Minimum	Moderate

The payback of cloud mining depends on the ratio of mining difficulty and exchange price, and is constantly changing. Therefore, future profitability should be based on a subdued scenario.

Sometimes a new client is offered cloud mining without investment for several days as a welcome bonus. We will look at the main companies and their features in our review of the best sites for cloud mining in 2022.

Advantages and disadvantages of cloud cryptocurrency mining

It is worth choosing mining using rented capacities for a number of reasons. The first includes the opportunity to invest almost any amount in rent - from a few dollars to an amount thousands of times larger. Other reasons for choosing this earning option include the absence of such problems:

constant additional costs on the part of the miner to pay for electricity, internet and rental premises;
the need to contact specialists who would set up the equipment;
maintaining equipment in working order and monitoring network operation;
constant noise of the cooling system of the mining farm;
persecution by the state in those countries where mining and working with cryptocurrencies is officially prohibited.

Interesting facts: Cryptocurrencies are partially or completely banned in dozens of countries around the world. And, for example, in Bangladesh you can get a real prison sentence of up to 12 years for using Bitcoin.

Cloud mining also has its disadvantages. These include the need to pay for the services of the equipment rental company. Sometimes such a markup turns out to be symbolic compared to the profit, but it can also take away a noticeable part of the profit - the higher the reliability of the service, the greater the percentage of the profit you will have to give away. The second disadvantage is the ability to receive income only as long as the resource continues to work. The cessation of the work of a company providing rental services for mining capacity also leads to the termination of the work of the miner, who by this time may not even recoup the investment.

How to choose a suitable site

A beginner must first choose companies:

With a reputation established over a long period of work.
With plans that provide average market returns.
With founders who are famous in the crypto community.
With modern equipment connected to the pool.
With withdrawal methods via bank cards.

You can check the work of the company after funds have been credited and withdrawn. On the blockchain.info website, you need to enter the number of the received transaction into the search bar and make sure that the cloud mining service is actually engaged in mining coins and not building a financial pyramid.

Alternatively, if you have little experience, but have the desire and funds to invest in cloud mining, buy a trial contract. Wait and order a withdrawal. Review your transaction history. Do not work with a company that transferred money from outside the pool. Most likely, a pyramid is simply being built here.

Selecting sites for cryptocurrency mining

When choosing a suitable resource whose services the miner will use, you may encounter scammers - a financial “pyramid”. You can recognize them by their promises of high and quick income. And work with such a site usually ends with a complete loss of invested funds.

To reduce the risk of becoming victims of fraudsters and increase your chances of making a profit, it is advisable to choose a cloud service according to the following criteria:

publicity of the site - on trustworthy resources you can usually find photographs of employees, videos with mining equipment and pages on social networks;
date of creation - you should not choose services that have been operating for only a few months (that is, since the beginning of the increase in the popularity of mining);
capacity – the total available to the company and the maximum provided for one client. The greater the productivity of a resource, the greater the trust in it;
the ability to mine several cryptocurrencies (multi-currency). The more virtual currencies a service uses, the more convenient it will be to work with it - although this indicator does not affect either reliability or profitability.

Do not neglect such selection criteria as user reviews. After reading the opinions of other miners who have already used the site’s services, we can draw conclusions about its reliability. The presence of a large number of negative reviews suggests that it is better to look for other services. In this case, it is advisable to take into account the possibility of purchased reviews, and get acquainted with customer opinions about the same service on different web pages. In addition, to reduce the risk of investing in a “pyramid”, it is advisable to use the services of several companies at once.

Cloud mining without investment

Cloud mining without investments most often takes the form of cryptocurrency faucets, where in addition to small fees for viewing advertisements, you can complete tasks with payment in Satoshi.

Reliable sites:

FreeBitco.in;
AdBTC;
BonusBitcoin;
3btc;
CoinPot.

Even the BestChange exchanger aggregator has a built-in faucet that gives out an amount from 1 to 1000 satoshi once an hour.

Other mining offers without investment are, at best, a marketing ploy or part of a sales funnel. In reality, the amount to be withdrawn will either not be accumulated or withdrawn.

Sites with OM without investments for a limited period do not appear on our list. Free welcome periods and gift power come into effect upon contract purchase. The exception is Hashing24 with demo mining, where there are no investments or profits.

Why does mining use video card resources?

The fact is that mining on a video card is faster than on a CPU.
The CPU (Central Processing Unit) and GPU (Graphics Processing Unit) were designed to perform different tasks.

CPUs were designed primarily for making decisions according to algorithms, as well as for mathematical calculations.

GPUs can also solve mathematical calculations. However, GPUs were designed primarily for video processing, which involves large volumes of similar tasks. Therefore, GPUs are capable of quickly processing a large number of repetitive operations.

Cryptocurrency mining does not require decision-making in complex algorithms. The process consists primarily of repetitive mathematical operations, for which GPUs are optimally suited. Therefore, mining performance on video cards is higher.

Kinds

According to the specifics of the equipment, they are distinguished:

on the video card;
on the processor;
on disk;
ASIC.

By way of participation:

solo mining;
mining in a pool;
cloudy;
auto.

Mining rubles is possible in automatic and cloud mining projects. When mining any of the cryptocoins, there is always a conversion function into rubles (in exchangers - within the project or on external ones, for example bestchange.ru).

Solo mining is available only to owners of powerful equipment; it involves competition of one’s own calculations in the blockchain chain. Sometimes the term " solo " is used to distinguish this type of mining from cloud mining.

The pool is a joint mining with the distribution of computing power between miners. The most popular type of cryptocurrency mining.

Cloud mining occurs on external equipment; services offer rental of computing power. This is expensive equipment configured for a specific algorithm (ASIC). There are offers on the network for cloud mining of rubles, but the main problem is the need to invest funds: cases of fraudulent activities (scam) are common.

Automatic mining involves the use of programs that use the user’s computing power and pay a reward for this. The method involves pseudo-mining rubles without investments, and is the most secure.

READ Mining Bitcoin Gold - farm setup, technical parameters and profitability

How to start mining on your home computer - instructions

First you will need to select a suitable project. If you need to install applications, the OS may block the launch; programs must be added to the exclusion list.

Algorithm of actions to start working with the Computta :

Authorize the received data.

At the bottom of the menu (left) download the mining program.
Launch the application. Installation is simple - just click “ Next ”.
Perform a test on the user's equipment.
Make settings - select power and load.
Start mining.

Income will be accrued in the form of crypto-credits with transfer to rubles and Bitcoin. On the “ Balance ” tab you can find out detailed statistics.

What parameters should you choose?

Today there are a huge number of cloud mining services. Each such site offers its own contract terms, and the cost of capacity for such companies is also different. Many of us, of course, will choose the site where the interface is simplest, the hash cost is low, the conditions are pleasant, and the promised profitability is the highest. And this will be the biggest mistake.

As in any business, there are scammers here too, so in order not to fall for their bait, you should evaluate the site you find according to the following criteria:

Publicity and reviews.
Before investing in this company, you should look at photos and videos that show the equipment it has, find out if there are blogs that are written about this site, and read reviews from other people. At the same time, if all the reviews are 100% positive, then you shouldn’t trust them. There will always be people who didn't like something. But a large number of enthusiastic responses most likely indicates that they were purchased.
Time. This is a rather important criterion. Cloud mining is a fairly young business, and not all companies can survive in it. Therefore, the older the service, the better.
Capacities and users. It is best to invest in large companies that have a lot of capacity. If there is enough power reserve, the conditions are good and the company has been around for a long time, then there will be many users.
Multicurrency. Quite a relevant point. Since rates change, it is best if the site allows you to mine different types of cryptocurrencies. Another thing is that Bitcoin is considered the most reliable, and everyone is trying to mine it. But that's up to you to decide.

And now that you already know about the main selection criteria, let's look at the most reliable and popular services.

What kind of computer is needed for mining?

Composition of mining equipment (GPU, farms):

Motherboard. There are two parameters: the number of PCI-e connections for video cards (usually 4+) and the socket (type of connector) of the processor. It is better to use special versions.
CPU. 4 cores are better (2 will do). The main function is to ensure the performance of the OS.
Video cards. The two competing manufacturers are AMD and NVIDIA. The card must have good cooling (it is better to install specialized versions), 4+ GB memory (8+ GB is better). Popular models are RX 570 and GTX 1060.
RAM 4 GB no special requirements.
HDD (SDD), preferably 120+ GB.
Power supply device. Power based on the total consumption of all nodes. Better 80+ Gold or Plat
Raisers, connectors 6(8)-pin.

It is important to ensure stable Internet and uninterrupted power supply.

For the home PC use case:

processor with 2+ cores;
RAM 2+ GB (preferably 4+ GB);
video card - 2+ GB (preferably 4+ GB);
OS 64-bit - Windows from 7 or Linux.

The computer must be desktop (not a laptop). It is better to remove the case walls for more efficient cooling. To mine rubles, all you have to do is register on the website, download and configure the application.

What else will you need?

In addition to a computer and connection (Internet, power), you will need a client program that will perform basic mining functions.

There are two types of applications:

miner programs;
software for automatic mining.

The main difference is in the approach: miner programs perform direct hash calculations for the blockchain and require complex settings by the user. Automatic mining - providing remote access to a personal PC to third-party services, no settings required.

Popular miner programs:

CGMiner (BTC);
BFGMiner (BTC);
Claymore's Miner (ETH+);
CUDA Equihash Miner (ZCH).

Popular automatic mining services:

Kryptex (payments in rubles);
Computta;
MinerGate;
NiceHash

READ Mining Ethereum (ETH): pools, video cards, setup (photo)

Is it worth mining on a laptop?

Mining on a laptop is not particularly profitable for the following reasons:

built-in video card;
poor cooling;
expensive equipment;

At maximum load, the overall board and flat design of the laptop do not provide the necessary cooling. A common cause of GPU failure is overheating. Replacing a video card integrated into the motherboard is equivalent to replacing a laptop.

The most common laptop with a 2+ GB card costs up to $1000. The RX 580 will cost $170–200, and the PC build will cost $400. The efficiency in the second case will be significantly higher. Considering the possibility of expanding the number of video cards, overclocking, and BIOS firmware, using a laptop becomes completely uncompetitive. High load requires constant power from the network; the possibility of transferring using batteries loses its meaning.