10 Best Cloud Mining Platforms 2023

Cloud mining is the new way to mine bitcoin and other cryptocurrencies without complex hardware. Here are the top cloud mining sites for 2023
By Coingape Staff coingape-authors
Updated September 7, 2023
  • Mine your first crypto within 4 hours
  • No expensive equipment needed
  • No CPU drainage, fast and risk-free

Cryptocurrency platforms use cloud mining as an incentive for users to maintain blockchains. These vast virtual ledgers document all crypto transactions and require massive maintenance to stay active. Here’s where miners come in. They form a global network with decentralized computers and lend their processing power to verify and secure blockchains. In turn, for maintaining the blockchain, Bitcoin generates new coins for the miners.

Below, you will find some of the most trusted cloud mining sites you can try out today

Comparing Cloud Mining Platforms

Cloud Mining PlatformFoundedSupported CoinsFraud RiskPayout Frequency

ecos


Ecos Read More




founded 2017Bitcoin, Bitcoin Cash, Ethereum, Ripple, Tether,Litecoin🙂 Low DailyVisit

binance


Binance Read More




founded2017Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin

🙂 LowEvery eight hours Visit

BitFuFu


BitFuFuRead More


founded2020Bitcoin, Ethereum, and many others🙂 LowDailyVisit

kucoin


Kucoin Read More




founded2013Bitcoin, Litecoin🙂 LowDailyVisit

stormgain


StormGain Read More




founded 2019Bitcoin🙂 Low10 USDT+Visit

pagepool


PegaPool Read More




founded 2023Bitcoin🙂 LowDailyVisit

pionex


Pionex Read More




founded 201940+ cryptocurrencies🙂 LowNot specified
Visit

bemine


BeMine Read More




founded 2018Bitcoin🙂 LowNotspecifiedVisit

genesis-mining


Genesis Mining Read More




founded2013Bitcoin, altcoin

😐 MediumDailyVisit

bitdeer


BitDeer Read More




founded2013Bitcoin, Dogecoin, Litecoin, Ethereum, and more

🙂 LowDailyVisit

Ecos

Ecos was founded in 2017 and became the first cloud mining provider to operate with legal status, making it one of the most trusted sites in the industry today. Over 250,000 users use the platform’s reliable and legitimate ecosystem to mine for coins without equipment. Newcomers can look forward to a variety of mining contracts, investment tools, and easy withdrawals.

Key Features Real-time monitoring, cost-effective mining, auto-reinvestment of mined coins, and 24/7 customer service.
Year founded 2017
Supported coins Bitcoin, Bitcoin Cash, Ethereum, Ripple, Tether, Litecoin
Minimum investment $150
Payout frequency Daily
Fraud risk Low

Pros and Cons

  • User-friendly interface, trustworthy platform, no hidden fees, over 250 tradable assets.
  • Limited digital currency variety, trading bots are not supported. 

Binance

Binance is a global company that boasts the biggest exchange in regard to the daily trading volume of cryptocurrencies. The platform is incredibly popular and has about 90 million users worldwide. One of the reasons why it’s so popular is the ability to mine straight from internet-connected devices, including mobile phones, computers, and tablets. Joining is hassle-free, mining power can be increased by using the platform’s customer loyalty program, and every eight hours, mining sessions end with a potential payout.

Key Features Multi-device mining, quick payouts, crypto-to-crypto trading, auto-invest, tight security.
Year founded 2017
Supported coins Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin
Minimum investment $0
Payout frequency Every eight hours
Fraud risk Low

Pros and Cons

  • User-friendly interface, trustworthy platform, no hidden fees, over 250 tradable assets.
  • Limited digital currency variety, trading bots are not supported. 

BitFuFu

BitFuFu is a market-leading cloud mining service with a rapidly expanding digital asset mining business. The top cryptocurrency mining equipment manufacturer in the world, Bitmain, has invested in BitFuFu and is its only cloud mining strategic partner to date. BitFuFu is committed to fostering a safe, legal, and open blockchain infrastructure and offers a range of reliable and clever hashrate service solutions to a global clientele. Utilizing its growing network of mining facilities around the world and its strategic alliance with Bitmain, BitFuFu enables institutional clients and enthusiasts to mine digital assets effectively. With a 300MW+ hosting capacity, BitFuFu offers a one-click cloud mining service.

Key Features Real-time monitoring, cost-effective mining, 300MW+ hosting capacity, and 24/7 customer service.
Year founded 2020
Supported coins Bitcoin (BTC), Ethereum (ETH), and many others
Minimum investment $194.94
Payout frequency Daily
Fraud risk Low

Pros and Cons

  • No hidden fees, a dependable platform, and an easy to use interface.
  • Trading bots are not supported, and there is a limited selection of digital currencies.

Kucoin

The KuCoin Pool aims to build the world’s biggest PoW mining pool and strengthen the security surrounding Bitcoin and Litecoin chains. For users, the site provides a one-stop service platform, strong technical R&D capabilities, accurate hashrate data, and high mining earnings. 

Key Features Merged mining that guarantees mining earnings, accurate hashrates, and a robust security system.
Year founded 2013
Supported coins Bitcoin and Litecoin.
Minimum investment Not specified.
Payout frequency Daily
Fraud risk Low

Pros and Cons

  • Steady earnings
  • Strong security and privacy system
  • User-friendly interface, multiple token support
  • Expert customer service
  • Their contracts are regularly sold out, and you need to wait for new products to become available.

StormGain

StormGain is a giant among crypto mining sites. With a presence in over 230 countries, the platform provides more than five million users with features suitable for beginners and experts alike, and it’s also popular among members who invest in crypto long-term. Overall, the site offers a seamless experience for serious cryptocurrency miners who want all the benefits and tools of the trade. 

Key Features No mining equipment required, no battery or CPU or battery drainage, fast and risk-free, a cryptocurrency exchange, a multi-currency wallet, a loyalty program, and live crypto prices.
Year founded 2019
Supported coins Bitcoin
Minimum investment $10
Payout frequency You can withdraw funds once you’ve exceeded the minimum threshold of 10 USDT.
Fraud risk Low

Pros and Cons

  • Extensive mining and investment suite
  • Free cloud mining,
  • Multi-lingual customer support
  • User-friendly interface
  • Ideal for beginners
  • Industry-level security
  • You must have a high trading volume to earn Bitcoin.

PegaPool

PegaPool stands out among other Bitcoin mining sites for its green, eco-friendly approach to mining. It aims to help users offset their carbon footprint by planting more trees. It also provides Bitcoin mining pools, full transparency, and high international standards. At the moment, PegaPool is a top Bitcoin mining platform with an aggressive FPPS payment model to allow miners to earn more coins.

Key Features Supports the environment, resilient infrastructure, live chat support, high earnings, eco-friendly-miners get reduced fees.
Year founded 2023
Supported coins Bitcoin
Minimum investment $0
Payout frequency Daily
Fraud risk Low

Pros and Cons

  • Eco-friendly BTC mining
  • Rrewards for miners using renewable energy
  • Reduced fees for BETA testers
  • Early adopters, competitive earning model.
  • There’s only a Bitcoin pool available, ASIC-exclusive

Pionex

Pionex is one of the fastest-growing crypto platforms in Asia and handles more than $30 million in trade volume every day. The exchange is also home to over 100,000 users. Pionex is well-known for specializing in AI trading bots that automatically handle spot, future, and leveraged trades on Pionex’s proprietary platform. The Grid Trading bot, in particular, can help you to earn more Bitcoin.

Key Features AI trading demo account and training materials for beginners, an intuitive mobile app, and excellent liquidity engines that are integrated with top crypto exchanges like Huobi and Binance.
Year founded 2019
Supported coins 40+ digital currencies, including Ethereum and Bitcoin.
Minimum investment $0
Payout frequency Not specified, but withdrawals are usually processed within five minutes.
Fraud risk Low

Pros and Cons

  • 12 free trading bots
  • No coding or programming needed,
  • Low trading fees,
  • Supports crypto derivatives through futures trading
  • User-friendly for beginners.
  • Withdrawal limits and fees may apply, doesn’t accept fiat deposits, limited contact options.

BeMine

BeMine is another Bitcoin cloud mining platform that aims to provide users with a user-friendly experience, security, transparency, and the best mining machines to maximize profits. Account registration is quick, and new members get five days of free mining equipment with the purchase of their first contract. Users can also form a partnership with mining hotels to earn more without working directly with any equipment.

Key Features Merging individual farms with mining hotels, sales and maintenance of equipment, trading in all digital currencies, and crypto investment consulting.
Year founded 2018
Supported coins Bitcoin
Minimum investment $0
Payout frequency You can withdraw funds once you’ve earned a minimum of 0.005 BTC.
Fraud risk Low

Pros and Cons

  • Complete service that covers cryptocurrency mining and e-commerce and financial projects
  • Works with all main cryptocurrencies and prospective digital monetary assets.
  • No need to buy hardware or be involved 24/7, mining calculator.
  • No tech knowledge required, buy new machines in seconds. 
  • No free mining option, high prices.

Genesis Mining

As one of the first Bitcoin companies, Genesis Mining remains a leading provider of cloud mining. Around 300,000 users visit the site to mine for Bitcoin, Ethereum, and other coins. The platform also sells hash power without complex hardware and software setups, meaning that you can forgo spending thousands on Bitcoin mining hardware and maintenance and, instead, mine more profitably by leasing a mining rig from the platform.

Key Features Lifetime mining contracts, a cloud app that allows seamless crypto trading and mining rig setups, beginner-friendly Bitcoin mining pool.
Year founded 2013
Supported coins Bitcoin and altcoin
Minimum investment $19
Payout frequency Daily
Fraud risk Medium

Pros and Cons

  • No need to set up a rig, start trading instantly.
  • Freedom and flexibility to trade several currencies and coins.
  • Rig maintenance is handled by Genesis Mining, and lifetime contracts are potentially lucrative.
  • Since the platform is centralized and fully in control of all the owners, your assets are at risk for potential fraud and scams.

BitDeer

Headquartered in Singapore, Bitdeer is a multi-purpose cloud service and mining platform. The company is dedicated to supporting crypto mining in the most transparent, safe, and user-friendly way possible. Both experts and novices can focus on growing their crypto portfolio while the site takes care of all the boring, repetitive processes on their behalf. 

Key Features One-click mining, real-time analytics, straightforward navigation, flexible plans, and dedicated customer support.
Year founded 2013
Supported coins Bitcoin, Dogecoin, Litecoin, Ethereum, and more
Minimum investment $10
Payout frequency Daily
Fraud risk Low

Pros and Cons

  • Powerful mobile app, a variety of service plans
  • Available in over 200 countries, mining is easy and fast
  • Suitable for novices and experts
  • Maintenance fees are extra
  • No hosted miners, more suitable for miners with large budgets.
  • The only way to pay for contracts is with cryptocurrency.

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Frequently Asked Questions (FAQs)

1. How to start cloud mining?

You can start cloud mining by first choosing a reputable company. Read their terms and conditions, and if you’re happy with those, create your account. Select a mining package and pool, and then pay for the service. Once that is done, you can start mining and receiving awards.

2. How do you make money mining Bitcoin?

To mine Bitcoin, you need an application-specific integrated circuit (ASIC), a graphics processing unit (GPU), or a platform that provides mining rigs. Miners must complete blocks of verified transactions which are then added to the blockchain. Rewards are given to the miner whose rig solves a complex hashing puzzle first.

3. How to convert Bitcoin to cash?

To convert Bitcoin to cash is simple. You need a third-party broker exchange or a peer-to-peer platform like Coinbase or Kraken. Create an account, deposit Bitcoin, and then request a withdrawal to your bank account.

4. How risky is cloud mining?

Cloud mining comes with several risks, but you can minimize them by knowing the main dangers and learning more about them. The five biggest risks are scam sites, increasing mining difficulty, cryptocurrency volatility, a change of site protocols, and not understanding the terms of your contract.

5. Is cloud mining legitimate or a scam?

There are legitimate and safe cloud mining providers. Unfortunately, scams are prolific in the world of cryptocurrency, meaning that many platforms cannot be trusted. This is why it’s essential to do your due diligence before joining a mining site

6. Can I cloud mine for free?

Yes, some platforms allow users to mine for free. Some of the top sites include IDMining CryptoTab Browser, NiceHash, Bitdeer, and Ecos.

7. How long does it take to mine crypto?

Whether you’re mining from a computer or a phone, certain factors will affect how long it takes to mine crypto. To go faster, you need mining hardware that can solve cryptographic problems and an operating device that can handle the demands of continuous operation. Mining solo or joining a pool can also affect your pace. Another factor is the difficulty rate (how much work is needed to get paid). On average, most miners take 30 days to mine one Bitcoin.

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.