🔥 TOP STORY
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

5 Best Ethereum Cloud Mining Sites in 2019

  • Denys Serhiichuk
    📚 WikiCoin

    💣💣💣Ethereum is the top altcoin among all other ones. Thus, it is more attractive for mining than Bitcoin

5 Best Ethereum Cloud Mining Sites in 2019
You may also like:
Contents

Due to the fact that Ethereum is one of the most profitable cryptocurrencies, mining this coin has become increasingly popular. Even though the cryptocurrency is relatively young (created in 2015), it managed to be the most popular altcoin. However, now it has become harder to mine Ethereum using the usual method. When such things happen with cryptocurrency, miners switch to cloud mining, saving their income.

How to start Ethereum Cloud Mining

Cloud mining of Ethereum is the mining of coin using the leased (or acquired) power of another computer. Frankly speaking, we have no equipment, but we pay and get its capacity for a while. This is very convenient and to some extent advantageous since it is not necessary to update the hardware every time or to worry about its functionality. A miner gets the finished product (power) and uses it to mine.

To choose the most suitable option among a wide range of platforms, we have selected the top five companies that offer Ethereum cloud mining.  

5 Best Ethereum Cloud Mining Sites in 2019

HashFlare

HashFlare is one of the most powerful platforms among those that are focused on Ethereum mining. It can provide about 88% of the profits. And at the same time, Ethereum can be mined with almost no investments.

Initially, you need to buy a contract. According to the website, the price for 100 KH/s is $1.40. This is the average price, but because of the low electricity fee, it seems attractive.

5 Best Ethereum Cloud Mining Sites in 2019

Moreover, the terms of the contracts are regularly modified. Nevertheless, the service is very good. You can make payments with BTC, WebMoney, Payeer. Offices are based in Europe (in Estonia and Iceland).

👉MUST READ 10 Best Cloud Mining Sites in 2019

Genesis Mining

It is another reliable service provided for Ethereum cloud mining. It is almost the same as HashFlare, however, has its own features. In particular, the platform is very popular because contracts are being purchased very fast. However comparing Genesis Mining to its rivals, it is considered one of the most expensive. When you start Ethereum cloud mining, you do not have to pay an additional commission.

This service is one of the biggest and most reliable in the world. Users often choose it, but it is still slightly inferior to HashFlare. In particular, the tariffs are too high, the capacity offered is relatively weak, and the interface is not as clear as some may think.

IQ Mining

5 Best Ethereum Cloud Mining Sites in 2019

IQ Mining has been known to users since the end of 2016. Despite the relatively short period of work, the service has earned the highest customer reviews and is recognized as one of the best deals on the market.

Besides Ethereum, there is a chance to mine other coins: Litecoin, Zcash, Monero and Dash. The main factor affecting customer’s income is the hashrate (rented capacity), but in addition to it, profitability is affected by:

  • Presence of privileges and bonuses - a promotional code giving a discount on the first contract.

  • Financial management - the purchase of an additional hashrate for already mined coins.

  • Currency value - the more expensive coins are traded on the exchanges, the more investor will receive.

The company provides only fixed-term contracts for 1 year. The cost of rent is determined per unit of power for a particular algorithm.

Overall, IQ Mining is a young cloud mining service offering competitive rates. The advantage of this platform lies in the use of an algorithm for automatically determining the most profitable currency and switching the client’s capacity to its mining.

CCG Mining

5 Best Ethereum Cloud Mining Sites in 2019

The company was launched in 2016. The basic slogan of the platform is, “We make it easy for you”.

The team has international status and consists of branches in 6 European countries: England, Latvia, Poland, Russia, Austria, and the Czech Republic. According to the developers, the CCG Mining platform wants to build global mining power throughout Europe.

The aim is a decentralized deployment of a cloud mining system across the planet. The interest in the product is constantly growing, which already allows the project team to introduce new technologies and useful tools during mining.

Service features:

  • Simultaneous connection of several payment systems

  • The current flexibility of mining plans make it a popular cryptocurrency investment field

  • Profitable contracts for reliable cloud mining

  • Mining of the most popular coins: Bitcoin, Bitcoin Cash, Ethereum, Monero, Litecoin, Zcash

  • Technical support for your questions

The company aims to provide the most simplified form of cryptocurrency cloud mining, even for the most inexperienced and unintelligent users.

MinerGate

5 Best Ethereum Cloud Mining Sites in 2019

The MinerGate service, which provides cloud mining services in addition to being a pool for cryptocurrency joint mining, has existed since March 2014. More than 1.5 million miners have already become its clients, and 20,000 of them have bought capacity rental contracts. The platform offers cloud mining service in partnership with the Hashing24 service.

Reasons why customers choose MinerGate:

  • The possibility to start mining cryptocurrency with small investments

  • Life-long contracts

  • Mining begins the next day after the payment of the contract, and the client receives the first payments within 1.5 - 2.5 days

  • Rewards come from new unlocked blocks that can be tracked

  • Convenient mining profitability graphs and a calculator for forecasting profitability

  • Instant withdrawal of funds to the wallet

The “Smart-mining” feature offers to switch to automatic mode, and the system chooses itself more beneficial coin for mining.

To sum up, MinerGate is a reliable cloud mining service offering profitable contracts and demonstrating a high return on investment. It will be interested to both experienced miners and those who are just starting to make money with cryptocurrency mining.
 

👉MUST READ 5 Best Ethereum Cloud Mining Sites in 2018

Choosing the most reliable platform for Ethereum Cloud Mining

To minimize the risks associated with cloud mining, you should pay close attention to the following parameters while choosing a platform:

  • Accessibility to the public. Priority should be given to a service that is transparent

  • Production capacity. It is obligatory to know what computing capacity the company has as well as the number of active users

  • Methods of depositing and withdrawing funds to the balance

  • Duration of contracts

  • User reviews

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles

Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?

  • Denys Serhiichuk
    📚 WikiCoin

    📖🤓Most of the cryptocurrencies lost their value during 2018, however, some of them have potential for future growth. NEM or “New Economic Movement” is such a coin. This digital asset is a unique one, as it is not similar to the most popular cryptos, like Bitcoin or Ethereum, for example. In this article, we analyze the potential of NEM and predict its price within the next few years.

Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?
You may also like:
Contents

The cryptocurrency NEM stands out from the rest of altcoins. This is a young digital currency that has become especially popular among users in Asia.

NEM Platform Features

The founder of the cryptocurrency NEM (XEM) is considered to be a member of the popular portal bitcointalk.org, which is known by the nickname “Utopian Future”. In the second half of January 2014, the user began to discuss the created digital asset and received support from other forum participants.

NEM is an abbreviation for New Economic Movement. The title of digital money is the mission of the project.

The goal of the NEM platform is to create a digital asset that is used in all areas of the economy. Later, an organization called the NEM Foundation was founded, the main task of which is the development of digital currency.

NEM logo

The release of the NEM platform with the XEM coin took place at the end of March 2015. The new cryptocurrency quickly gained popularity in the “Land of the Rising Sun”, and later among users of other Asian countries. The success of the digital money has been driven by its unique features and benefits.

The coin has the following advantages:

  • Unique PoI algorithm (proof-of-importance), which ensures stable operation of the system and automatic confirmation of new units. Today, PoI looks the most successful and fair in comparison with PoW, as well as PoS and its modifications. The amount of remuneration to participants depends on several factors: the number of coins in the wallet, the number of transactions performed, the duration of participation in the system. Block generation time is only 60 seconds, which is one of the highest rates in the industry.

  • Convenience for users. The program used by the platform supports all operating systems. It can be downloaded from the official NEM website.

  • High security. Algorithm Catapult has its own system of self-diagnosis, eliminates the possibility of duplicate payments and prevents system failures. All this provides a high level of protection against cyber attacks.

  • Transaction Rate. The processing of operations on the NEM network takes just seconds, throughput is up to 4 thousand / sec.

  • The limited supply of 9 billion XEM tokens helps to maintain a stable exchange rate.

  • Adaptation of NEM wallets for any, including mobile devices.

  • The constant amount of commission - 0.01% of the transaction.

In the near future, the team is planning to implement solutions to increase the scalability of the network, to develop an innovative COMSA platform focused on supporting ICOs, and to focus on further cooperation with the banking sector. Many Asian and European banks are testing the benefits of the NEM blockchain in terms of using smart contracts and faster and cheaper transactions.

COMSA ecosystem

In addition, this year the project’s founders are about to open a science lab and the NEM Blockchain Innovation coworking center. The objective of the project is to promote the platform and assist in its practical use. It is reported that there are investors who are ready to invest $40 million in this idea. It is difficult to say how this is combined with the recent news about serious financial difficulties and the possible dismissal of employees.

Another project awaiting implementation is its own cryptocurrency exchange.

👉MUST READ NEM (XEM) Foundation to Ask Community for Funding and Change Tactics to Avoid Bankruptcy

NEM Price Prediction 2019

At the turn of 2017-18, in the period of an unprecedented rise in the cryptocurrency market, experts and specialized agencies vividly published forecasts, in which they announced even more intensive growth of XEM in the near future. Many promised the rise to $40-50 and called for investing with the expectation of 20 to 30-fold income. It is clear that any predictions, especially those related to numbers, can be risky.

NEM Price Prediction

But even today, the majority of analysts estimate XEM as still positive. They do not associate the current state of affairs exclusively with the general bearish trend of the market.

Experts also emphasize that the XEM token has the main advantages of two high-tech cryptocurrencies at once: Ethereum and Ripple. The first is related to the use of smart contract technology, and the second is focused on working with the traditional financial sector. Japan, which was the first to legalize cryptocurrencies, recognized XEM as an official means of payment.

At the same time, Japanese commercial structures wishing to use the coin as a financial instrument are required to purchase a license for $300 thousand and have at least $100 thousand in an XEM coin account.

According to various forecasts, by the end of 2019, the rate of XEM may increase several times and reach the level of $0.10 - $0.20. However, much will depend on general industry trends.

NEM Price Prediction 2020 and beyond

NEM logo

In the past, we have already seen the cost of XEM to be near $2, after which a slow decline in value began, but it was caused by a general market correction. Achievement of the price of $1.92 was caused by the fourth Elliot Wave. From the fifth wave and the upcoming general news background in the cryptocurrency market, we expect an increase in value to 4-6 dollars by the end of 2019.

Re-testing of the $1.92 level can happen much earlier, and there are all the prerequisites that this will happen in the first half of 2020. According to some forecasts, the cost of the cryptocurrency can rise to 20-30 dollars in a couple of years.

👉MUST READ The Best Cryptocurrency to Invest in 2019

Is it worth buying NEM now?

In general, investment in XEM, given the current rate around the lower boundary, seems quite attractive. However, experienced players warn newbies about the need to “put eggs in different baskets”. The NEM blockchain updates planned for 2019, in addition to increasing the speed and throughput, are fraught with potential failures, bugs, and hacker attacks. When making a decision to invest, you need to take all this into account.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles