Denys Serhiichuk

10 Best Cloud Mining Sites in 2019

Mining has become very popular now. However, if you do not have enough money to buy ASIC miners, cloud mining may be the best alternative.
10 Best Cloud Mining Sites in 2019
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There are plenty of ways to earn cryptocurrency. Lots of them do not require investments and tons of money: it is enough to have a wallet and Internet access. But in order to get a stable income, you need to correctly approach the method of earnings and finding a suitable company. Investing in cloud mining is the most sensible step in multiplying your cryptocurrency assets in 2019.

Bitcoin cloud mining

Cloud mining is a modern solution for clients who are sure of the stability of the chosen payment method and are not going to assemble the mining farm and proceed through a noisy hardware installation.

To verify the relevance of such a source of income, it is necessary to explore all its advantages. Only after making sure that the positives prevail over the negative ones, one should get down to business.

Pros of cloud mining:

  • Easy to start. You just sign up on the service you like, pay money and start earning.

  • Accessibility. You can buy any “share” of equipment for any amount.

Cons of cloud mining:

  • Less profit. Of course, cloud mining services will not work at a loss.

  • Hardware does not belong to you.

  • Scams. The Internet is full of scammers and of course, there are people who create fake cloud mining websites.

When choosing a company to invest in cloud mining, first of all you need to pay attention to feedback, the service lifespan and the adequacy of the offer.

In this article, we will briefly analyze the 10 most reliable cloud mining websites that have proven themselves due to their stable payments and favorable tariff plans.

IQ Mining

IQ Mining landing page

IQ Mining is a profitable service for cloud mining, as it automatically switches between the most profitable currencies, which are then converted into Bitcoin. You can receive a payment once a day and choose up to 5 cryptocurrencies.

The platform differs from its competitors by the following features:

  • Automatically switches to the most profitable altcoin.

  • The company has contracts with international partners.

  • Clearly determined payback period and income.

  • No commissions for payment transactions.

Genesis Mining

Genesis mining hardware

Genesis Mining is another reliable resource for cloud mining. On its website, you can even monitor some mining farms. In such a convenient process of work lies the first advantage of the company – transparency, which significantly increases the level of customer confidence.

The company provides its clients with the following benefits:

  • Forget about having to spend a lot of time installing the hardware.

  • Mine any cryptocurrencies available on the website.

  • In case of possible system failures, all capacities will be redirected to other pools.

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Hashing24

Hashing24 landing page

Hashing24 is a popular service that provides the opportunity to conduct cloud mining. It has been operating since 2015 and has representative offices in Ireland and in Ukraine. The service is notable for the fact that the team focuses on creating reliable partnerships with market leaders.

Reasons to invest in Hashing24:

  • Mining uses the hardware of BitFury, which is currently the market leader.

  • Prompt replenishment of the account and the ability to withdraw coins on the same day.

  • The usage of high-quality equipment.

HashFlare

HashFlare website

Hashflare is a subsidiary of Hashcoins, another manufacturer of mining equipment. The platform offers the chance to buy hash power for various digital assets, such as Bitcoin and Litecoin, as well as Ethereum and Zcash.

The company's goal is to provide an opportunity for everyone to earn cryptocurrency, regardless of experience, size of investments and technical skills. Thus, the company develops its mining technology and supports digital currency and the economic network of Bitcoin and some other digital assets. The HashFlare team offers its customers to try out cloud mining and receive dividends from investments in hardware.

The platform provides the following benefits:

  • Connection in 0.001 sec

  • Withdrawal without delay

  • Detailed statistics on the status of equipment in your account

  • No hidden fees

Nuvoo Mining

 Nuvoo Mining website interface

In addition to cloud mining, Nuvoo offers several alternatives for cooperation, including the possibility of renting a mining farm developed by experienced experts. The system algorithm of the company's farms has been developed by experts in the cryptocurrency market and the main development bias is on energy efficiency and environmental friendliness of mining.

Main advantages:

  • No extra charges.

  • Low prices for electricity and cooling.

  • Multi-currency mining.

AlienCloud

 AlienCloud interface

Besides cloud mining, AlienCloud is also a cryptocurrency exchange and a wallet for storing monetary assets. The platform serves as a whole ecosystem for interacting with cryptocurrencies, which is especially convenient for beginners. The service is known in the crypto community and has a high level of user confidence. AlienCloud supports 3 languages: Russian, English, and Chinese.

The main advantages of the service:

  • The indefinite validity of contracts

  • The use of computing power is not limited in time

  • 100% equipment warranty

CCG Mining

CCG Mining website

CCG Mining is an international platform with branches in the Czech Republic, Latvia, Austria, Poland, Great Britain, and Russia. The platform mines Bitcoin, as well as Ethereum, Zcash, Monero, Litecoin and Bitcoin Cash.

Due to the fact that the offices of the company are located in different regions, the service is uninterrupted.

The main benefits:

  • International platform

  • Variety of contracts

  • Income Calculator

  • Mining starts immediately after registration

  • 24/7 technical support

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AGIO Crypto

AGIO Crypto logo

AGIO Crypto has entered into the mining business very quickly and successfully. It has become a reseller of such giant companies as Bitmain and Saint Bitts. In addition, its own data centers are located in Russia and Ukraine.

The service uses the latest equipment, which is followed 24/7 by technical specialists. The company publishes all the documentation on its website. Thus, there is a calculator for income forecasts.

Main advantages:

  • Perpetual contracts

  • Each contract can be sold or donated

  • Forecast calculator

World Mining

World Mining logo

World Mining is a young cloud mining service. It has powerful hardware, offers a handwritten script and regular training webinars.

The platform provides 5 contracts with different conditions and income and with the average daily profit of 0.9-1.5%.

Pros of the platform:

  • Dedicated server

  • Bonuses

  • DDoS protection

Cloudy Mining

Cloudy Mining logo

Cloudy Mining is one of the most used cloud mining platforms. The main capacities are concentrated in Lithuania, as the country has a special interest in technological progress and encourages innovation of any kind.

Main advantages:

  • First earnings after 24 hours

  • No hidden fees

  • Cost of the contract is fixed until its expiration

Overall, cloud mining in 2019 will continue to gain popularity among users. The number of platforms offering the professional services to miners will increase, as well as the demand for rental special hardware.

Companies do their best to attract as many clients as they can. In this regard, IQ Mining offers a special promotion. It gives 25% extra hashrate to all mining contract purchases. In addition, there is a chance to win valuable prizes.

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Alex Morris

Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?

💣💥In this article, U.Today takes a closer look at one of the best-known privacy coins on the cryptocurrency market that was once embraced by no other but Edward Snowden
Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?
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Zcash is a privacy-centered cryptocurrency that allows performing anonymous transactions while using a public Blockchain. The coin uses zero-knowledge cryptography, where something can be verified without revealing any additional details. The project’s roots lie in Zerocoin, the project that was developed by cryptographer Matthew Green, but the two projects currently have very little in common (as stated by Green himself).

Alt: Zcash founder Zooko Wilcox
As reported earlier by U.Today, Zcash Company has been recently renamed to Electric Coin Company, but the 30-strong team will continue to work on the project.

Private transactions

The privacy-centric cryptocurrency Zcash has one famous fan – whistleblower Edward Snowden. In 2017, he called ZEC ‘the best alternative to Bitcoin’. The Zcash network has two types of addresses: transparent and shielded (t- and z-addresses respectively). The latter type of addresses is not visible on Blockchain. However, there the network also has some pain points that should be taken into account:

  • Z-transactions require a lot of computational power, which takes a toll on their adoption.

  • Centralization concerns (Zcash is not fully decentralized since the team behind the coin holds 10 percent of its total supply).

  • Limited storage options (there are no mobile wallets that support Zcash).

Facing major competitors

Zcash remains the second biggest privacy coin after Monero, but this niche of the cryptocurrency industry is getting more and more crowded. As reported by U.Today, Litecoin is mulling over adding Confidential Transactions (CFs) as early as in 2019, which would make the coin an anonymous version of Bitcoin. Moreover, Beam and Grin, two brand-new anonymous cryptocurrencies that are based on the ‘tongue-tying’ Mimblewimble algorithm, also appeared on the market in 2019.
Alt: Beam and Grin - new privacy-centered coins
However, Electric Coin Company CEO Zooko Wilcox believes that these new coins will not be able to compete with Zcash.

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Regulators fear it

2018 was the year of a regulatory crackdown on cryptocurrencies since governments around the globe want to prevent money laundering and other types of illicit activities.

Zcash has already been embraced by numerous cryptocurrency exchanges, including Coinbase, but the problem is that its complete anonymity opens the doors to scammers and even terrorists. The network allows disabling the privacy feature, so the asset will continue gaining listings on other exchanges.

On the flip side, it is worth noting that privacy coins are serving as powerful tools that protect their users from identity theft and other types of crimes.

Zcash price history  

The price of ZEC has declined 98.82 percent since its very first exchange listing when the coin started trading at $4,293.
Alt: Zcash price peak

Back in January, Zcash reached its new peak of $876, but it fell quickly when the broader cryptocurrency market took a hammering.       
On Dec. 06, ZEC finally got listed on Coinbase, the biggest cryptocurrency exchange in the US. At the time of writing this article, Zcash is trading at $50.82.

Considering the technology behind Zcash (zk-SNARKs), some might find it surprising that the coin is still not in the top 10. However, the coin has very little real-world adoption compared to its competitors.  

Price pump after halving

Notably, Zcash has the same supply curve as Bitcoin, which means that the asset is becoming more and more scarce. The Zcash community currently has two high-stake halvings that will produce a direct impact on the coin’s price. When all 17 mln ZEC coins are mined, it is quite reasonable to assume that the coin’s price could skyrocket up to $4,000.

Zcash is currently working on reducing the coin’s inflation rate (it stands at 0.1 percent, which is quite high compared to other cryptocurrencies). The introduction of the so-called ‘harmony mining’ will help reduce the mining reward.

In 2020, the Zcash halving will take place – it is expected to reduce the mining rewards by half. That will undoubtedly produce a positive effect on the Zcash price.  

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$60,000 by 2025?

Back in 2018, Grayscale Investments predicted that Zcash could hit a staggering $60,000 by 2025 if it replaced ‘offshore’ bank transfers. Everyone, not just a handful of billionaires, will have access to their own proverbial ‘Swiss bank account’. The price of this asset could increase exponentially if it occupies even a small chunk of this market. For instance, ZEC would cost $6,289 if it represented only one percent of the collective ‘offshore wealth’.

However, the above-mentioned $60,000 figure is far-fetched since one should take into account the harsh competition among privacy coins. Monero (XMR) has already become the dark web’s darling, and its market cap is three times bigger than that of Zcash.

Market sentiment

Of course, one should keep in mind that no one can predict for sure what happens to the cryptocurrency market in the next five years. The price of ZEC price greatly depends on the overall market sentiment, which means that it will probably mimic Bitcoin. If Bitcoin goes down, all altcoins go down as well. However, that wasn’t the case in the mining department – Zcash mining was 400 percent more profitable in June 2018.

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The bottom line

Zcash poses a viable alternative to Bitcoin. This is one of the most prominent privacy coins that allows performing anonymous transactions. While the future of the cryptocurrency looks promising, there are multiple factors that could thwart its growth:

  • Lack of adoption (it won’t be able to compete with other privacy coins if the pace of adoption remains too slow).

  • Bad reputation (Zcash has already been mentioned by Europol as one of the cryptocurrencies that is used by cybercriminals).

  • Regulations (as mentioned above, regulatory clampdown seems imminent if Zcash adoption continues to grow).

  • The overall decline of the crypto market (Zcash won’t be able to survive if Bitcoin and major altcoins hit a snag).   

According to BuySellHodl, which displays real-time price predictions, Zcash is one of the lowest-rated cryptocurrencies with a 46 percent ‘Buy’ rating (Bitcoin SV was the only cryptocurrency lower on the list with only 29 percent of responders willing to buy it). With that being said, Zcash investors also have every reason to believe that the coin’s price will grow substantially after the upcoming halving.

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