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Top 5 Most Popular Cloud Mining Websites by Monthly Visits: Similar Web

  • Alex Morris
    📊‍ Infographics

    In an unexpected twist, Flex Mining and HashFlare outperformed Genesis Mining by website visitors. To put this into perspective, Flex Mining was founded only in 2019 while Genesis Mining remains the largest cloud mining company on the market
     


Top 5 Most Popular Cloud Mining Websites by Monthly Visits: Similar Web
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After the rapid decline of the cryptocurrency mining industry, cloud mining appears to be a suitable option given that you can run a full-fledged mining farm without actually any expensive equipment. U.Today has taken a look at the top 5 most popular cloud mining websites.

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10 Best Cloud Mining Sites in 2019

5th place – Hashing 24

Hashing 24 is one of the leading Bitcoin cloud mining companies that has been on the market since 2015. The company allows its customers to adjust the capacity and duration of their mining contracts instead of offering separate packages. The company’s website had 65,780 views this March.   

4th place – IQ Mining

IQ Mining differs from other cloud mining services in the sense that it automatically chooses the most profitable cryptocurrency to mine, which means that you will always be on the winning side. Once the mining session is over, all earnings are converted into BTC. In March, it collected 285,010 website views.  

3rd place – Genesis Mining

Notably, Genesis Mining, which is considered to be the world’s biggest hash power provider, only had 525,450 website views in March, which puts it in third place. For comparison, Genesis Mining had 1.7 mln views back in November 2018.

Genesis Mining, which was founded in 2013, is the undisputed market leader with its mining farms located in Europe, North America, and Asia.

2nd place – HashFlare

HashFlare, one of the leading cloud mining services, got tons of bad publicity after it terminated all Bitcoin contracts back in July due to ‘a difficult time in the crypto market’. The company resumed its operations a week later, but many of its customers were still dissatisfies by newly introduced KYC/AML requirements.

With 804,930 total visits in March, HashFlare is still in second place on today’s list. However, this remains a far cry from the 2.6 mln views it had back in September.

1st place – Flex Mining LTD

Flex Mining appears to be in the lead. The company is registered in the UK as ‘FLEX MINING LTD’. Over the last month, its official website has accumulated 12.48 mln views, greatly outperforming its competitors. However, it should be noted that the website has a very high bounce rate of 80.53 percent, which means that its traffic is most probably not organic (on average, visitors only view 1.49 pages within one session).   

One cannot rule out that FlexMining could be a blatant scam since it offers clients a guaranteed 10 percent daily return on their investment. It should be a wake-up call for everyone who’s considering putting their money into that platform.     

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Russia dominates cloud mining

We’ve also found out that Russia is the top country for four out of five cloud mining companies on the list. For instance, IQ Mining has 14.27 percent of its website views coming from Russia. Genesis Mining, the most reputable cloud mining platform, is the only exception from the pack with the US coming in first place.

Cover image via u.today
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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

Cover image via u.today
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