6 Best Free Cryptocurrency Cloud Mining Platforms in 2024 - Earn Passive Income

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Earning money on cryptocurrencies without all the work sounds pretty good, right? That's what cloud mining is all about. You can mine coins like Bitcoin, Litecoin, and Ethereum without fancy computers. Our experts have looked at different cloud mining services to find the best ones. 

Advantages of cloud mining software

Cloud mining software eliminates the need for technical expertise, making it accessible to beginners who want to mine cryptocurrencies without the complexities of hardware setup and maintenance. It reduces the initial investment required for mining, as users do not need to purchase specialised hardware, resulting in lower upfront costs. 

Users save on electricity costs as the mining operations are managed remotely without the need for users to power and cool mining hardware themselves. The software offers flexibility and scalability, allowing users to adjust their mining operations based on their needs and investment levels. It eliminates operating costs, heat generation, and noise associated with traditional mining setups, providing a hassle-free mining experience.

However, it is important to choose a reputable cloud mining company. There are a lot of scams out there, so it's important to do your research before investing. Here are the 6 most trustworthy cloud mining websites:

1.AST Mining

2.ECOS

3.Nicehash

4.BeMine

5.Genesis Mining

6.Bitdeer

AST Mining

AST Mining is a legitimate cloud mining business that was established in the United States in 2016. Like other established hash providers, AST Mining operates commercial facilities housing a substantial tech park with specialised Bitcoin mining equipment. 

Their data centres are reportedly located in Iceland, Canada, and Norway. According to their information, AST Mining currently distributes cryptocurrencies to a user base exceeding 970,000 individuals worldwide. It's essential to conduct thorough research before investing in any cloud mining service.

Features

Signing up with AST Mining brings immediate benefits, including a $100 bonus to kickstart your journey into cloud mining. Once onboarded, you'll enjoy the convenience of automated daily payouts, ensuring steady earnings without any manual intervention. 

The platform offers a free package that can be accessed daily, providing users with a low-risk opportunity to explore and engage in cloud mining without any upfront costs or commitments. One of the notable advantages is the absence of overhead or electricity fees, allowing users to maximise their profits without worrying about additional expenses.

AST Mining also presents an attractive affiliate program, offering lifetime rewards of up to 5% for referrals. This incentivises users to invite friends and acquaintances to join the platform, creating a mutually beneficial ecosystem. 

Additionally, the platform offers a diverse range of cryptocurrency contracts, catering to different investment preferences and risk appetites. Security is a top priority at AST Mining, with measures such as DDos and SSL encryption safeguarding the system and users' data.

Moreover, round-the-clock online support ensures that users receive timely assistance and guidance whenever needed. Whether you're a novice or an experienced investor, AST Mining provides a user-friendly and secure environment to participate in cloud mining and explore the potential of earning passive income through cryptocurrencies.

Fees/Cost

For additional information on AST Mining, please visit their website at: https://astmining.com

2.ECOS

ECOS boasts a user base of over 100,000 individuals spanning the globe, with operations rooted in the Armenian Free Economic Zone since 2017. Their platform offers a user-friendly calculator, enabling users to estimate mining profits and make informed decisions. ECOS also provides mobile and web applications for convenient access to their services. 

In addition to facilitating mining operations and offering mining contracts, the company extends its services to cryptocurrency investment through indexes. These include the NFT Index, Top 10 Index, Elon Musk Index, Defi Protocols Index, and Metaverse Index. Furthermore, their smartphone application supports a multi-currency cryptocurrency wallet, allowing users to store and trade a vast array of 247 coins effortlessly.

Features

The platform ensures consistent payments to its users, providing a reliable source of income. The platform requires a minimum investment of $100. Their website features a simple slider tool, allowing for customised contract purchases where users can adjust the contract length, hash power size, and potential profits according to their preferences. 

Additionally, users can conveniently manage their investments and other crypto assets using Android and iOS applications provided by the platform. With a remarkably low withdrawal threshold set at 0.000001 BTC, users can access their funds without hassle. 

Moreover, the platform offers a 180-day hardware guarantee for its hosting service and equipment, with the option to utilise the gadgets for up to five years. As a testament to their commitment, they provide a one-month free trial miner contract, enabling users to evaluate the platform's performance before committing.

3.Nicehash

NiceHash is a platform that serves as a mining hosting and computing marketplace. It allows users to connect their mining hardware, deposit funds, purchase mining packages for various cryptocurrencies, or offer computing power to other users on the network. 

To get started, users must install the NiceHash program on their computer, select the GPU they wish to use, and then sell their computing power by providing the GPU's hash rate to the platform. In essence, NiceHash facilitates a peer-to-peer network where users can efficiently engage in cryptocurrency mining activities and maximise their earnings.

Features

The platform offers a comprehensive suite of features for cryptocurrency enthusiasts, including the ability to mine popular cryptocurrencies such as Ethereum, Dogecoin, Litecoin, and more. 

Users can conveniently withdraw fiat currencies, facilitating seamless transactions between the digital and traditional financial worlds. 

An in-app cryptocurrency trading platform enables users to exchange digital assets easily within the same interface. 

Moreover, the platform provides remote mining management and supervision capabilities, allowing users to monitor and control their mining operations from anywhere. 

Finally, users can engage in peer-to-peer trading by offering their hash rate to other users on the platform, fostering a collaborative environment within the cryptocurrency community.

Fees/Cost

The platform's pricing structure for accessing hash power includes various fees and minimum investment requirements. Users can acquire hash power at a rate of 0.2258 BTC for a daily rate of one mH/s. 

A fee of 0.00001 BTC is also associated with the new world order. Users should also account for a 3% cost for acquiring hash power and an additional 2% fee when selling hash power again. Users must make a minimum investment of 0.034 BTC to initiate participation, ensuring accessibility for investors at various levels.

4.BeMine

The company offers various services, including buying and selling digital currencies and trading hash rates for mining purposes. Customers can seek guidance on investing in and using cryptocurrencies, along with consultation services for e-commerce ventures, ICO projects, and assistance with business registration. Furthermore, clients can request the company to configure their mining equipment remotely while waiting for generated revenues.

Features

For those uncertain about the service, there's an option to try it out with a complimentary three-day trial of Antminer S19 mining. Distinguishing itself from competitors, this cloud mining company offers a generous 7% referral commission on purchases made by referrals. 

Moreover, the platform incorporates an in-built cryptocurrency exchange, simplifying user trading processes. The company ensures reliable mining operations with a robust infrastructure comprising four data centres boasting a collective capacity of 70 mW/h. 

Electricity costs are pegged at $0.054 per kW/h, automatically deducting payments from users' accounts. Additionally, users can deposit funds via various methods, including VISA, MasterCard, PM USD, Bitcoin, and a range of altcoins.

Fees/Cost

Users can make a one-time payment of $61 to avail of the services offered by this platform. Additionally, both depositing and withdrawing funds incur a commission fee, which varies based on the amount of cryptocurrency involved. 

For transactions up to 0.05 BTC, a commission of 3% is levied, while amounts ranging from 0.01 to 0.05 BTC attract a 5% commission. Transactions involving less than 0.01 BTC incur a higher commission of 7%. It's worth noting that the minimum investment required to participate in this platform is $61.

5.Genesis Mining

Genesis Mining, originating from Hong Kong, pioneered the first mine in Eastern Europe. Catering to a global clientele spanning over 200,000 users across diverse nations, Genesis Mining offers many cryptocurrency mining options tailored to suit various types of miners. 

Whether you're a newcomer to the field, a small-scale family miner, or a large-scale investor, Genesis Mining provides comprehensive solutions to meet your mining needs.

Features

When you engage with this service, you'll receive daily mining profit payments directly to your digital wallet. Their customer support is top-notch, ensuring you have assistance whenever needed. Additionally, you have the flexibility to mine multiple coins simultaneously. Plus, they offer various payment options, including cryptocurrencies, Visa, and Mastercard. Best of all, no recurring monthly fees provide you with a transparent and hassle-free mining experience.c

Fees/Cost

The cost per mH/s with this service stands at $29, which is determined based on the cost of the contract bundle you select, ranging between $499 and $4,498.5. Consequently, the minimum investment required to get started with this platform is $500.

6.Bitdeer

Currently, Bitdeer, a prominent cryptocurrency platform, offers a range of services, including cloud hosting facilities, a multi-brand hash rate marketplace, and cloud mining contracts. With customers spanning over 200 countries, Bitdeer has established itself as a leading global provider of digital assets. 

The company primarily aims to form strategic partnerships with major mining firms and equipment manufacturers worldwide. Alongside its operations in various countries, Bitdeer operates data centres in the US and Norway, providing reliable mining infrastructure. With a commitment to excellence, Bitdeer assures its customers a 100% uptime rate, reflecting its dedication to delivering uninterrupted mining services.

Features

Bitdeer offers a comprehensive suite of features catering to both novice and experienced cryptocurrency investors. Its offerings include a profitability and income calculator, a hash rate marketplace with various third-party sources, direct payments from top mining pools, real-time cryptocurrency charts, and periodic bonuses and promotions. 

Presently, Bitdeer provides self-run cloud mining solutions with contracts spanning a 180-day term, offering flexibility and convenience to users. 

The choice of contract type significantly influences hash rate and profitability. With a minimum investment requirement of $542 for 50 TH/s, Bitdeer ensures accessibility to a wide range of investors. Users can access detailed information about the platform and its services on the Bitdeer website or by contacting customer support. 

Accepted payment methods include fiat currency and cryptocurrencies, enabling users to purchase mining contracts using their preferred payment option. Once operational, users can monitor real-time hash rates and payment information, with Bitdeer guaranteeing daily rewards for miners.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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