Warm Reminder: All cloud mining platforms that appear on the Internet with website pages with a strong sci-fi feel and extremely high profits are scam platforms! Investors, if you want to participate in cloud mining, please note that older platforms with fewer new pages are more stable.
Cryptocurrency mining, an industry that emerged with the creation of Bitcoin, has experienced four ‘halvings’ after 15 years of development. In addition, the era of CPU mining, where you can participate in mining with your home computer, has changed to the era of Bitcoin system mining, where you can only receive rewards by building a mining pool.
Cloud mining is a way to organize the Bitcoin mining ecosystem. However, in recent years, some people have started using cloud mining concepts to run scams, seriously damaging the reputation of the Bitcoin mining ecosystem.
Therefore, this article helps cryptocurrency investment enthusiasts identify real and fake platforms, and shares reliable cloud mining platforms selected through on-site due diligence and evaluation to help readers make money easily and safely at home. aims to
How to distinguish between real and fake cloud mining platforms?
- Look at when the platform was built. Bitcoin’s entry into the mining ecosystem occurred in mid-2019. This is an early deployment by miners to maintain the possibility of rewards after the third Bitcoin halving, which will occur in 2020. If the platform was built earlier than this and its only business is cloud mining, the chances of fraud are very high.
- Take a look at the platform webpage. In 2019, the H5 website format was just emerging, so most websites built back then now look somewhat outdated or unfashionable. If you enter the platform on a website page that has a strong sci-fi feel and is tightly integrated with currently popular elements. If so, the thing to be careful about is that it is basically a new website that has just been opened and does not match the time when the company was founded.
- Look at the interest rates. Currently, large mining pools with the advantage of computing power and advanced algorithms have an average daily return of around 3%. As official cloud mining platforms increase their deployment of computing power, they may enter into computing power contracts with higher daily interest rates, but on average, daily returns are unlikely to exceed this value. Because while mining pools may be unprofitable in the short term, they will never operate at a loss for long.
Choosing a good platform is very important to invest easily and safely. The attached file is a mining platform unanimously recognized by the currency community and is worth collecting and reference.
Top 3 cloud mining platforms in the world by 2024
1. Binance
Binance is a global company and the largest exchange by cryptocurrency trading volume. The platform is very popular, with around 90 million users worldwide. One of the reasons it is so popular is that you can mine directly from any device connected to the internet, such as a phone, computer, or tablet. The sign-up process is hassle-free, and you can use the platform’s customer loyalty program to increase your mining power, with mining ending every 8 hours for potential rewards.
strength and weakness
- Pros: User-friendly interface, reliable platform;
- There are no hidden fees and over 250 tradable assets.
disadvantage:
- Digital currency types are limited and trading robots are not supported.
- It requires strict KYC and is banned in several countries.
2. KuCoin
KuCoin mining pool aims to build the world’s largest PoW mining pool and strengthen the security of Bitcoin and Litecoin chains. It provides users with a one-stop service platform, strong technical research and development capabilities, accurate computing power data, and high mining profits.
strength and weakness
- Pros: Stable profitability;
- Strong security and privacy protection system
- User-friendly interface, multiple token support;
- Professional customer service.
disadvantage:
- Contracts often sell out, so you have to wait for new products to come out.
3. Simple miner
Simpleminer is the world’s largest mining pool and the company focuses exclusively on cryptocurrency mining. The platform provides users with “one-click mining” services, and has become the world’s largest and most profitable cryptocurrency mining pool through its top computing power base and efficient advanced mining algorithms.
strength and weakness
Pros: It’s hassle-free to sign up and provides $10 as startup capital to help users become familiar with the platform’s investment operations.
- stable operations and significant profits;
- There are no hidden fees and profits are calculated daily.
- It supports multiple currencies and all common cryptocurrencies can be used for investing on this platform.
- No KYC required and extremely private.
- We offer 24-hour online help.
disadvantage:
- It’s often difficult to get a deal, and if you slow down a bit, they sell out.
P.s Through cloud mining, the financial and technical limitations for cryptocurrency mining have been significantly lowered, allowing more cryptocurrency enthusiasts to participate in cryptocurrency mining and easily generate profits. If measured solely on the convenience and profitability of investment without considering cryptocurrency trading, the first place would be none other than simple miner.