If you are a cryptocurrency enthusiast, you won’t find a better way to earn passive income than cloud mining. It is a form of mining through Android apps where you don’t have to invest in costly equipment or manage the mining process at all. You just need to pay a small fee every month and get paid in return.
These services offer many benefits over traditional mining because they don’t require any upfront investment and they also have lower maintenance costs. The best crypto cloud mining sites can help anyone who wants to make money from cryptocurrencies without having to spend too much time managing and operating their rigs.
How do we decide the best cloud Mining Apps for Android?
- Electricity and Maintenance charges
- Ease of use and user-friendly
- Minimum deposit and withdrawals
- Withdrawal frequency (daily, weekly, or monthly)
- Multiple payout options
- 24/7 customer support
- Play store and app store Availability
- Statistics Monitoring System
- User Reviews of Trustpilot and G2
- Hidden charges
- based on leased hash power
- Security of Funds
- Platforms with multiple currencies supported
Below we’ve listed some of the best sites for making passive income through cloud mining:
Editor’s Choice: BTC Cloud Mining Apps for mobile
Free BTC Mine using a Laptop
- $95 per month using a Gaming PC
- $615 per month Using mining Rigs
- Withdraw directly to a bank account
Free Bitcoin Mining
- Zero Minimum Investment
- Daily Earnings
- Earn up to $30 per month
List of 8 Best Free Crypto Mining Apps for Android
Here is the list of top free Bitcoin cloud mining Apps for Android-
- ECOS: Best Bitcoin Cloud Mining App
- Hashshiny: Legit cloud mining app for BTC
- Nicehash: Best Cryptocurrency Mining Apps
- Bitdeer: Best cloud mining app for Android
- Stormgain: Free Bitcoin mining app for Android
- Genesis Mining: Largest cloud bitcoin mining company
- Hashing24: Top Bitcoin cloud mining and farming
- Kucoin: Top-rated crypto mining app
Comparing Free Crypto Cloud Mining Apps for Android 2023
| Apps | Min. Price | Withdrawal frequency | Assets |
|---|---|---|---|
| ECOS | $50 | Daily | BTC, XRP, USDT, LTC, BCH |
| Hashshiny | $0.5 | Daily | BTC, ZCash, LTC, DOGE, Decred, Dash |
| Nicehash | $45 (depends on BTC) | Daily | Bitcoin |
| Bitdeer | Depends on the coin price | Daily | BTC, Zcash, FIL, ETC, LTC+Doge, etc. |
| Stormgain | Free mining machine | daily (Min. $10) | BTC |
| Genesis Mining | depends on plan | daily | BTC, LTC, Monero, Dash, Zcash |
| Hashing24 | $38 | daily | ZCash, Dash, Litecoin, Bitcoin |
1. ECOS: Best Bitcoin Cloud Mining App
Best bitcoin cloud mining App for Android users with high security of funds and in-built profit calculator over time.
The cryptocurrency investing platform ECOS can help you start making money with Bitcoin! It includes the most essential tools for working with digital assets, including cryptocurrency portfolios, high-hash-power equipment purchases, cloud bitcoin mining, and cryptocurrency wallets.
Since 2017, the business has offered easy, secure, and convenient options for cryptocurrency investing. They have gained the confidence of millions of users over this period.
So sign up for ECOS and start mining bitcoins on their website to start earning cryptocurrencies right now.
The Armenian government permitted the project, a sizable infrastructure with its industrial mining center, centered in the country’s Free Economic Zone.
The Profits of ECOS’s long-term cloud mining contracts (for two years or more) are quite attractive.
Pros & Cons
| Pros | Cons |
|---|---|
| User-friendly Interface | Long Term mining contracts |
| The minimum investment for Newbies | Negative user reviews on Trustpilot |
| Android and IOS compatible apps | Users Face withdrawal issues |
Features of ECOS Cloud Miner
- Offers Cryptocurrency wallet
- Portfolio Tracker app
- Lending and Staking services are available
- Automated Smart mining contracts available
- Multiple Proof of Work assets supported including Bitcoin
- Maintenance fees
- Zero hidden fees
Hashpower and Profit Calculator
There is an inbuilt calculator where you can calculate profits on your investment over time depending on several factors including BTC Price prediction, contract duration, Hash power, and Investment money.
ECOS Website URL: ECOS Mining
2. Kucoin: Exchange-Based Mining
Kucoin Cloud Mining is a service offered by the cryptocurrency exchange Kucoin that allows users to mine cryptocurrencies without having to purchase and set up their own mining hardware.
Essentially, it is a form of cloud mining, where users can rent mining power from a third-party provider and receive a share of the mining rewards.
Kucoin Cloud Mining offers a variety of mining plans with different durations, hash rates, and cryptocurrencies to choose from. Users can select a plan that fits their budget and mining goals and start earning rewards.
To participate in Kucoin Cloud Mining, users need to sign up for a Kucoin android account, deposit funds into their accounts and purchase a mining plan.
The mining rewards are automatically distributed to the users’ accounts daily, and users can withdraw the rewards once they meet the minimum withdrawal threshold.
3. Hashshiny: Excellent app for Bitcoin cloud mining
Users of the Hashshiny cloud mining service can earn money by mining Bitcoin, Ethereum, ZCash, Litecoin, Dash, Doge, and Decred.
Hashshiny was established in 2017 by former employees of several leading dotcom businesses to eventually enter the global cryptocurrency market.
The company has already made several advances to the crypto industry chain. Their current data mining facilities are in Myanmar and Kazakhstan.
Top Features
Pool Allocation: Which pools you wish to mine is up to you. This enables you to identify the pools that are the most lucrative.
Low Maintenance Fee: Low prices on electricity and maintenance costs of mining equipment.
Newest Hardware: They use The newest ASIC miner and GPU rigs. You get the most advanced technologies from HashShiny.io.
Daily Payouts: As soon as the payment is confirmed, mining begins. Within 24 hours, the first rewards. The rewards then proceed every day.
Security: The vast bulk of the money is kept in offline cold or hardware wallets. SECURE security from McAfee. SECURE Cloudflare® protection.
Mining Switch: By configuring Switch on or Switch off, you may manage the mining operation. You have total authority over Mining.
Hashrate Graphs: These graphs show you hash rates that are up to hourly intervals; it is a Live Hashrate graph that updates in real-time.
- Multiple currencies supported
- Earn Interest Rates while holding crypto on the Platform
- High Uptime
- App available for both Android and IOS users
- Buy bitcoin using credit or Debit cards.
- User-friendly Dashboard
Pros & Cons
| Pros | Cons |
|---|---|
| Refund for hacks and fraud | frequent sold out |
| Positive Return on Investment (ROI) | fund transfer issues |
| Android compatible app | Hidden fees |
Website URL: https://hashshiny.io
4. Hashing24: Top Bitcoin cloud mining and farming
Hashing24 started working in the cryptocurrency mining industry in 2012, and in 2015 the company started offering a Bitcoin mining program. You can join from various Bitcoin mining pools.
The cloud mining solution that offers BTC mining is economical and simple to use. Companies that lease their own processing power provide cloud mining services. The equipment is used to mine cryptocurrency, with a share of the proceeds going to the renter.
Pros & Cons
| Pros | Cons |
|---|---|
| Favorable contracts | longer period contracts |
| secure and trustworthy | less profitable |
| low electricity cost |
Top Features of Hashing 24 Mining services
- After five minutes of establishing the appropriate technological foundation, you may start mining bitcoin;
- Only the most cutting-edge and reliable equipment partners are used by the service;
- 24/7 technical assistance;
- a partner program;
- favorable rates for multiyear contracts;
- consistent daily payouts;
- the “Reinvest” option;
- You may test out mining without spending money by using the demo mode;
- having access to a tool that estimates Hashing24’s profitability;
- the best and most economical energy rates, as well as leasing rates;
- Several data centers in Georgia, Canada, Norway, and Iceland.
Website URL: Hashing 24
5. Bitdeer: Best crypto cloud mining services
Bitdeer is the world’s top multi-purpose mining and cloud service provider, enabling cryptocurrency mining in a safe, transparent, and practical manner.
The Bitdeer software connects to mining pools at the time of the request, and any digital money earned is sent directly to the buyer’s wallet easily and openly.
The state-of-the-art cryptocurrency mining solution for ASIC and GPU miners handles the laborious and repetitive tasks for you, freeing up your time to concentrate on expanding your mining portfolio.
Their mining equipment technology and management platform work together to produce a smooth, accessible method for mining cryptocurrencies worldwide, regardless of your level of experience.
MinerPlus: The smart management system for ASIC and GPU miners: In addition to Bitdeer’s own mining locations, Minerplus provides services to miners everywhere. Their software handles mundane and repetitive mining operations tasks, freeing up clients’ time to concentrate on expanding their Portfolio.
Pros & Cons
| Pros | Cons |
|---|---|
| Suitable for pool miners | Hidden charges as reported by users |
| Best cryptocurrency mining software | High electricity charges |
| Trustworthy and large userbase | |
| Supports 10+ PoW digital assets |
Is Bitdeer a legit and Profitable cloud mining Company?
Bitdeer collaborates closely with Bitmain. The business is also highly open, they post news and advertisements on significant websites and provide regular updates on social media and their website.
Users may see the results of the cloud computing services on Bitdeer’s mining pool. This will enable you to easily confirm the assertions made by Bitdeer Group and determine whether you are getting value for your money.
6. stormgain: Free Bitcoin Mining App for Android
Among the top cloud mining initiatives for 2023. One of the first businesses to offer Bitcoin miner, Stormgain was established in 2019 and is trusted by more than 360,000 customers globally.
By logging in and joining Stormagin, you may quickly and conveniently engage in cloud mining.
Pros & Cons
| Pros | Cons |
|---|---|
| Free $10 signup bonus | $10 withdrawal threshold |
| Increase mining speed | Not a passive income source |
| earn without investing |
Top Features of Stormgain cloud mining
- Get a signup bonus of $10, restart the miner every 24 hours
- Free plans can be restarted daily and withdrawal is available once the $10 threshold is met.
- No electricity and hidden maintenance charges.
- Daily withdrawals and free withdrawals on a spot wallet.
- Offers trading features like leverage trading
Website URL: stormgain
7. Genesis Mining: Largest cloud bitcoin mining company
One of the original Bitcoin mining software or business, Genesis Mining is likely the biggest and most well-known cloud mining service for Btc, Eth, and other PoW coins. It has a Bitcoin mining fund registered with the SEC.
It is a reputable cloud mining platform with a variety of contracts and currencies to earn. Despite frequently being out of stock, fresh deals eventually become available. Quick customer service responses
Website URL: https://www.genesis-mining.com
Pros & Cons
| Pros | Cons |
|---|---|
| beginner-friendly plans | Negative user reviews |
| Larger user base | withdrawal and support issues |
| SEC-registered for mining Fund |
Features of Genesis Mining
- A $19 investment contract is available for new users for a better understanding of the platform.
- Supports multiple currencies
- Genesis Mining is available since 2013
- No hidden or electricity charges
- Daily payouts
Bitcoin Cloud Mining Cost and Benefits Comparison Chart
| Costs of a contract with Genesis Mining | Costs and externalities of having your own hardware |
|---|---|
| One-time price of purchasing the contract | Price of the hardware |
| No extra fee | Shipping costs |
| No extra fee | Possible customs costs |
| Best electricity rates possible. | Usually high electricity rates |
| You start mining immediately! | Waiting for delivery – you are losing days, even weeks of mining time, and your purchased hardware is already losing its value |
| We guarantee 100% uptime and cover system downtimes by using our own miners. | Loss of mining time due to system downtimes |
| No extra fee | Cost of additional equipment |
| No extra fee | Electricity consumption of additional equipment |
| No extra fee | Cost of cooling |
| Hardware is at a remote location, you are exempt from excessive heat | Excessive heat |
| Hardware is at a remote location, you don’t have to deal with loud noise | Loud noise |
8. NiceHash: Biggest Hashpower Marketplace
The largest hash power broker marketplace, NiceHash, links buyers and sellers of hash power (miners).
The distinctive feature of the NiceHash service is that it just links various end users and does not provide any cloud mining choices.
This means that NiceHash neither owns nor leases any mining equipment.
- Earn Bitcoin with your PC, GPU & CPU: With NiceHash, you may get paid in Bitcoin for idle CPU or GPU processing power. You must use one of the following mining applications in order to start selling your idle computational power: NiceHash QuickMiner, and NiceHash Miner.
- ASIC Mining: Earn Bitcoin with any ASIC miner and benefit from their support for large operations and amounts.
Pros & Cons
| Pros | Cons |
|---|---|
| Supports pool mining | Acts as a middleman |
| Solo mining | Lesser returns |
| Supports ASIC Mining | System compatible issues |
How Nicehash Cloud Mining platform Works
- Firstly, the buyer creates the order and pays for rented hash power
- The platform pays the miner for created Hash power
- Miner provides the Hash power
- Nicehash sends rented hash power to the pool
- The pool pays out the rewards
The Ultimate Guide: Crypto Cloud Mining
What is Cryptocurrency Mining?
Cryptocurrency mining is the process of verifying and adding cryptocurrency transaction records to a public ledger, known as a blockchain. In order to be rewarded for their work, miners must solve a complex computational problem. The reward is newly minted cryptocurrency.
This process of verifying and adding transactions to the blockchain is called mining.
Also Read: Top crypto Mining Software for high profitability
What is Cloud mining
In the simplest terms, cloud mining is the process of using remote data centers – usually located in other countries – to mine for cryptocurrency. This type of mining allows for the more decentralized distribution of the cryptocurrency as it can be done anywhere with an internet connection.
Additionally, it removes the need for expensive, specialized mining hardware. However, there are some downsides, such as the potential for fraud and lower profits.
Is Cloud Mining Best For Beginners?
Individuals who want to explore mining bitcoin or other cryptocurrencies but don’t want to invest money in costly hardware could use cloud mining. Additionally, it enables anyone to mine cryptocurrency without technical expertise or necessary technical skills. You can enroll in it to learn more about distributed ledger technology and the digital assets industry.
The most profitable Proof of Work assets, bitcoin, and Ethereum classic are mined by reliable cloud mining firms. The best-trusted cloud mining hardware with a high hash rate is also provided by these reliable cloud mining service providers, along with cloud mining contracts that offer minimal fraud risks.
Types of Cloud Mining
There are two main types of cloud mining platforms: Pools and Mining Agreements. The difference between them is what happens when there are no more block rewards being given out.
Cloud mining pools are where members of the pool share their hash power with each other in exchange for a portion of the block rewards. This means if one member finds a block, they will get paid more than if they had found it alone because they’re able to share their find with everyone else in the pool.
Mining agreements are much like cloud mining pools, but instead of sharing your hash power with other members of the agreement, you only give it to one company which then sells or buys it based on market prices.
This can also be described in three other different types of cloud mining-
1. Buying Hash Power
Buying hash power is a process where cryptocurrency miners (those who maintain and verify blockchain transactions) lease or buy resources from a third-party provider, typically in the form of a cloud-based hash rate. This allows users to mine cryptocurrency without having to invest in the expensive hardware required to do so. The downside of cloud mining is that it may be less profitable than traditional mining, as the user does not own the resources they are using.
This method of mining is done by using a mining pool. A mining pool is a group of miners who work together to mine cryptocurrencies.
2. Server Hosted Mining
The computing power required to mine cryptocurrencies is provided through hosted mining, which makes use of scale economies. This procedure entails renting certain server providers’ unused processing resources and using that hash power to mine cryptocurrencies.
A cloud mining service provider, for instance, may let you rent out the hash rate of several, powerful Application-Specific Integrated Circuit (ASIC) devices. The most effective ASIC miners can only mine a limited number of coins.
3. Virtual Private Server
The method of leasing out servers and setting up the required programs on them is known as creating a virtual private server, or VPS for short. However, the server may still require more hardware to provide you with a respectable hash rate and efficiently mine cryptocurrencies.
The easiest approach to keep cloud mining secure and make sure you employ the most consistent cloud miners is to mine using a VPS.
How to decide on the best cloud mining platforms
The first thing you need to know is that no single cloud mining platform is the best. There are many other factors to consider, including the costs and fees involved, the level of security, and how easy it is to use.
There are several options for finding a good cloud mining platform. You can try searching online or asking friends and family for their recommendations. If that doesn’t work out, you could also go directly to a website dedicated to this type of service. The best option would be one that offers both no-cost trials and good customer support so that you can ask questions if anything goes wrong.
Some companies offer free trials of their services but require you to pay after the trial period ends. Others offer a free trial with a small payment required once it’s over. You should choose one of these options if possible because it will make things easier for everyone involved.
Technical Features Considered before Comparing Cloud mining providers
1. Hash Rate
The hash rate refers to the speed at which a miner mines. Mega hashes per second (MH/s) or Giga hashes per second (GH/s) are the units of measurement. The hashing power of the mining equipment should be comparable to the difficulty of mining Bitcoin or Ethereum classic. You will receive quotes from numerous cloud mining sites with differing hash rates for their multiple cloud mining contracts.
2. Energy Consumption
Companies that offer cloud mining employ a variety of equipment and technologies. Consider a scenario where one supplier utilizes superior mining gear or an algorithm that uses less electricity or green energy. The power expenses will be reduced, and the profit margin will be bigger.
3. Currencies supported and Contract period
Many cloud mining apps support multiple cryptocurrencies like Zcash, Monero, Filecoin, Litecoin, Decred, etc. while others support only Bitcoin and Ethereum classic.
To determine if they provide competitive contract lengths, it is critical to understand how long the contract for their cloud mining services will run in comparison to their rivals.
4. Fund Security
It’s crucial to be aware of and comprehend the kind of security precautions the cloud mining company has put in place to safeguard your investment. For instance, they should secure their server and use encryption for device-to-device communication.
SSL and DDoS protection are necessary for the safety of your funds.
Difference between Proof-of-Work and Proof-of-Stake
PoS VS PoW
Proof of stake (PoS) is a consensus mechanism that allows the network to reach a consensus without using miners. In PoS, the users verify transactions instead of miners. This helps to save the expensive cost of mining by reducing energy consumption and electricity cost. The users with a high level of stake are given more chances to mine blocks on the blockchain.
Proof of work (PoW) is a consensus mechanism used in most cryptocurrencies. It is also called “mining” as it requires solving complex mathematical problems to get rewards. This process makes use of special hardware like graphics cards and CPUs to solve these complex algorithms and receive new coins or tokens in return.
Proof of work is a process that helps solve blocks, which is a set of transactions within the network. Proof of stake is a way to determine who owns what in the blockchain’s ledger.
Proof of work involves solving mathematical equations to find a hash, which can only be completed by one party. The first person to do so gets to add their transaction to the chain and broadcast it across the network (Proponents say this eliminates the need for miners).
Proof of stake involves validating transactions by having your node “stake” its coins, or storage space on the blockchain, in return for verifying blocks. Once you’ve provided proof that you have staked your coins, you get rewards based on how much space you held at some point in time — so it’s more like mining than proof-of-work mining.
Cloud Mining Vs Hardware Mining
| Cloud Mining | Traditional mining |
|---|---|
| Low cost of entry | High cost |
| Equipment not required | ASIC, GPU, CPU, and mining rigs required |
| low maintenance cost | High maintenance cost |
| Low fund security | High funds required |
| 3rd party involved | No 3rd party involvement |
Advantage of Cloud Mining Over Traditional Mining
- Cloud mining requires less upkeep than hardware mining, it will be substantially less expensive.
- When you buy a cloud mining contract, you may immediately begin mining without having to wait for equipment to become accessible or for delivery to arrive.
- The hash rate of cloud mining is constant and won’t drop over time as a result of deteriorating hardware performance or external influences. The typical lifespan of cloud mining contracts is 12 months, which is the length of time that any mining equipment should survive when used continuously.
- Management of your mining pools effectively and automatically, which would take a lot of your own time to perform with a unique setup.
- Daily Payouts
FAQ
How do check the legibility of the Cloud Mining App?
Step 1: There is no easy way of earning money. There are many cloud mining apps and platforms providing 3-months, and 6-months of contracts with a promise of doubling your money. Don’t trust such Sites.
Step 2: Hardware details checkup is a must. check details and Uptime of hardware on google.
Step 3: Check for the company profile and market availability.
Step 4: Maintenance and electricity charges- If any site or app offers zero such charges, it might be a scam. Mining always costs electricity consumption and hardware repair charges.
Is Crypto Cloud Mining Profitable?
It is feasible to mine cryptocurrency through a cloud mining firm depending on a variety of factors. For instance, the profitability of cloud miners is significantly influenced by types of equipment, power, etc. The location of the mining pool and the distant data center of the provider may also be relevant.
Additionally, the approach you choose will affect how profitable you are. If executed properly, it may be a rewarding investment strategy. For instance, you may diversify your portfolio by reinvesting your earnings in more cloud mining contracts that mine different cryptocurrencies, and then utilize the revenues from those contracts to insure against the losses on your earlier investments.
Conclusion
Crypto Cloud Mining is one of the best and easiest ways to earn cryptocurrencies without the risk of investing money. Top
However, there are many scam websites that try to trick you into believing that they’re legit and convince you to pay them for their non-existent services.
