What are reliable bitcoin cloud mining providers?

What is Bitcoin Cloud Mining?

Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres.Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres.Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble. 

What are Bitcoin Cloud Mining Advantages?

• No excess heat to deal with
• Quiet because of no constantly humming fans
• No electricity costs
• No bitcoin mining equipment to sell when bitcoin mining is no longer profitable
• No ventilation problems with hot equipment
• No preordered bitcoin mining hardware that may not be delivered on time by bitcoin mining equipment suppliers

Best Bitcoin Cloud Hashing Services

Being listed in this section is NOT an endorsement of these services. There have been a tremendous amount of Bitcoin cloud mining scams.

Hashflare: Hashflare offers SHA-256 mining contracts for $1.60/10 GH/s. More profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s

Genesis Mining: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Use the code mWpwy4 to get a 2.5% discount. GM offers three Bitcoin cloud mining plans: 100 GH/s ($26/Lifetime Contract), 2,000 GH/s ($499/Lifetime Contract), and 10,000 GH/s ($2,400/Lifetime Contract). These plans cost $0.26, $0.25, and $0.24 per GH/s, respectively. 

Hashnest: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.Bitcoin Cloud Mining: Currently all Bitcoin Cloud Mining contracts are sold out. 

OXBTC Cloud Hash Power

OXBTC’s mission is to connect global cryptocurrency lovers together and provide excellent goods and services for all of you. Benefited by a very competitive electricity cost and the economy of scale, OXBTC has deployed 3 of China’s largest mining farms in Sichuan, Ordos and Inner Mongolia. Till now, OXBTC has been running 5.6 PH/s hashing power with the electricity cost as low as 15 cents per kWH. Backed by partners that bring the most cost efficient Bitcoin/Litecoin miners in the world, OXBTC provides the most stable and profitable cloud mining services.OXBTC cloud hash with its highly competitive price makes it much easier for investors to join in the party. Bitcoin/Litecoin start to be generated the moment you invest in OXBTC cloud hash nodes. And the trading market serves as another perfect tool to accumulate your coins. OXBTC cloud hash nodes allocated in Asia, Europe and America bring more coins to you when you are working, having fun or even sleeping.

NiceHash: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.

Eobot: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months.

MineOnCloud: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s

Best Bitcoin Cloud Mining Contracts

Bitcoin cloud mining contracts are usually sold for bitcoins on a per hash basis for a particular period of time.For example, Pay per GHash/s would be 0.0012 BTC / GHs for a 24 month contract.Contracts vary from hourly to multiple years. The major factor that is unknown to both parties is the Bitcoin network difficulty and it drastically determines the profitability of the bitcoin cloud hashing contracts.Bitcoin network difficulty is a measure of how difficult it is to find a hash below a given target.The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for shares.The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks.