You have every right to earn using bitcoin cloud mining for free. You know why? Because these are some of the simple ways crypto beginners can jump right in and make money in cryptocurrency.
And just to make it more exciting, we want to avoid scammy or free auto bitcoin mining pools that are just time-suckers to concentrate on a better free bitcoin cloud mining without investment.
But before we do that, let’s get in and see what Bitcoin cloud mining is all about.
What Is Bitcoin Cloud Mining?
First of all, Bitcoin mining refers to the process of solving complex mathematical problems that are very difficult to solve by hands. When you think of these kinds of mathematics you are thinking of men like Albert Einstein, Euclid, Isaac Newton, and others.
The point is since we ain’t any of those men, we need a system to do that because Bitcoin is designed to increase the mining difficulty every 2,016 blocks nearly around in 14 days.
So by days passing the mining process is becoming more and more complex and challenging. Thus all miners have started bitcoin cloud mining.
Coming to Bitcoin cloud mining,
Bitcoin cloud mining is done remotely in the cloud. Cloud mining enables users to mine bitcoins without managing the sophisticated hardware. This is also called hashing because when miners join any data centre they will be assigned mining power according to their contract.
In conclusion, with bitcoin cloud mining, you can start generating your bitcoins without any investment in hardware, bitcoin mining software, electricity, bandwidth or other hustle full task. Let’s see bitcoin miner hosting.
What Is Bitcoin Miner Hosting?
First, hosting is like accommodating someone in your house or space. With Bitcoin Mining Hosting, this involves accommodating the bitcoin mining process. That is to say, the platform it will run on is what we term by hosting.
Let’s put it this way, Bitcoin Mining Hosting is providing the most advanced Bitcoin mining containers for bitcoin mining.
When we talk of BTC mining hosting we are looking at hosting software/miner such as Asic, Bitcave, GPU, and more. Let;s talk about ASIC Miner.
An ASIC cryptocurrency mining rig, otherwise known as an Application-Specific Integrated Circuit, is a device that has been specifically designed for one purpose, cryptocurrency mining.
The high level of specialization offered by ASIC units allows miners to solve cryptocurrency blocks faster with less electricity compared to any other method of cryptocurrency mining.
Think of them literally as “Cryptocurrency generating machines”.
Bitcoin mining was initially done on CPUs and then transitioned to the use of GPUs, but because that hardware can be used for a variety of purposes, like computer gaming, they require more electricity and offer less computer power for the specific task. GPUs have mainly been repurposed for speculative mining.
The interesting thing is, nowadays all serious cryptocurrency mining is done with dedicated cryptocurrency mining hardware ASICs, usually in mining containers or data-centers with low-cost electricity.
How Bitcoin Cloud Mining works?
Before we consider making money with bitcoin cloud mining here is how it works. Basically, the process includes three easy steps to start Bitcoin Mining. See the infographic from digimining.
Using Bitcoin Mining Calculator
I want to believe that you will make money from this system, therefore a need for a good bitcoin mining calculator.
Conducting a quick search I stumbled upon nicehash/calculator which I guess will be a good fit – at least for a start.
As the world’s largest crypto-mining hash power broker, NiceHash also serves as a backbone network and it plays an important role in the cryptocurrency ecosystem by indirectly providing new coin creation and transaction validation on several different blockchains.
Top 7 Free Bitcoin Cloud Mining Websites: Free Mining Companies to Watch
Disclosure; CasterlyCoin is not affiliated not does it endorse any Free Mining Companies seen on this page. Why? Cloud mining is VERY risky – do not overplay or invest more than you can afford to lose. Also, do your research as well.
Here are some of the top free bitcoin mining sites you want to watch in 2020.
Digimining is a BTC mining company that provides solutions for Bitcoin mining to offer the highest level of infrastructure and technology. They maintain data centres around the world for making cryptocurrency mining easier and more profitable.
As a free Bitcoin mining pool, Digimining was founded in 2018 by experts in mining algorithms and blockchain networks. The Mining hoster they use is a powerful network of ASIC powered computers specifically designed to mine Bitcoins.
How to earn more bitcoin mining money with Digimining
Digimining offers an affiliate program for every miner. When you become a member of Digimining you will get a 20% affiliate bonus as a joining offer and if you want to earn more affiliate commission then you need to upgrade your plan and you will be able to earn up to 100% affiliate bonus.
Another Free Bitcoin Mining company that gives you free Cloud earning is miningstar. With miningstar you get hands on bitcoin cloud mining with free GH/S every hour.
As a company, Miningstar was founded in 2018 by her master of IT developers and Blockchain programmers. Since then they have become one of the leading Bitcoin cloud mining service provider in the world.
How to earn more bitcoin mining money with Miningstar
Miningstar provides the best investment option for its miners to earn more Bitcoin with high speed. That is not all. They are special by the fact that they do not take any investment to start mining for the first time like others scam/fraud mining companies. They provide flat 20% affiliate bonus to every customer.
With Bizfree, you can get Free Bitcoin Instantly with Best Cloud Mining system they offer.
Bizfree offers a unique bitcoin cloud mining simulation game for all the fans of bitcoin. Users try to do their best including determining a mining policy, overclock and hacking other users in a cloud mining simulation to achieve a threshold limit for the payout.
The investment option is also available to reach the threshold quickly. Unlike other scam/fraud cloud mining companies, they do not need the investment of its users. Why is this? Because her main income sources are advertisements, alt-coin mining and trading.
With Bizfree, Free Cloud Mining earnings are a breeze. How do I mean? Initial Investment is not necessary to earn bitcoin. As a new user you can start with 20 GHs for free!
How To Earn More Bitcoin Mining Money With Bizfree
You can earn even more because you get a bonus for every login. How cool is that? So go ahead and collect bonus points to increase your Mining Rate up to 10% or convert them to GHs.
As of the time of writing, active miners stand at 292861.
SuperMining was founded early 2017. It took 6 months to setup the cloud mining farm. With it, you Profit straight to your wallet. That is to say, you can withdraw mined money every day.
Want to earn even more with Supermining?
The good news is that they have designed a lucrative 10% affiliate program for any of her members to join and earn Bitcoins.
Other Free Fast Bitcoin Mining Platforms to Earn
Minezone is another free bitcoin mining site to earn bitcoin faster in 2020.
As a mining company, Minezone is one of the pioneers of the Mine Zone market.
A fundamental analysis of all the factors, influencing the cryptocurrency fluctuations, high production capacity in the cloud-mining format, cutting-edge hardware and software solutions, as well as efficient search of clients in all countries of the world have allowed them to create an ideal investment program, that almost any person is able to participate in.
The interesting thing about Minezone is, the payments are instant. The minimum withdrawal is 0.005 BTCand your Interest accumulates automatically.
How To Earn More Bitcoin Mining Money With Minezone
A good way to make money here is by taking advantage of the Referral program offered by Minezone. The referral is tiered in 3 levels, and each affiliate takes a 20% cut per referral.
With a primary focus is to offer cost effective solutions to cryptocurrency hobbyists and professionals, Multiminer was founded in May 2017 as an innovation-intensive startup dedicated to cryptocurrency.
They’ve gone on to develop the world’s top Bitcoin mining pool with the most advanced deployment technology. They’ve also released mining pools for competing coins and cloud mining products.
How To Earn More Bitcoin Mining Money With Multiminer
Join the Multiminer referral programs and you will receive a 20% bonus for every referral that signs ups and actively participates in our program. Earning rate of free mining package is 0.00000001BTC/min and you will able to mine Profit per day 0.00001440/BTC.
For extra income start referring miners to our site. You can share your referral link to any social media sites, forums, mining platforms, personal blogs ETC.
7. Start earning ASAP with 99mining
Who needs 99mining? If you looking for the best Bitcoin mining pool, a mining website that aims to provide the users with the easiest possible way then you’re talking about 99mining,
With 99mining all you need to do is enter your bitcoin address and that’s it. You can now start mining.
When you enter your BTC address you get a chance to use 99 Mining V1.0 for free.
How To Earn More Bitcoin Mining Money With 99 Mining
If you are earning more in V1.0 – the FREE platform of 99 Mining, then you do not want to miss the chance in earning even more. Just upgrade to v1.1 – a paid plan and increase affiliate program bonus, up to 100%.
Top + Actively Paying Bitcoin Mining Websites Online
Coupled with the paid plans of those offering free fast bitcoin mining, you want to consider hashflare.
Hashflare is a top BitCoin Cloud Mining website.
HashFlare is a cloud mining service which was created by the specialists from HashCoins in 2015. In a short time, HashFlare became one of the largest providers of computational power for mining bitcoin, litecoin, ethereum and other cryptocurrencies.
From 2016, HashFlare became an independent company. The variety of equipment that was used for mining was significantly increased on the account of some reputable companies such as Bitmain, Bitfury, Inno3d and others.
As of the time of writing, Hashflare is still accepting contracts and they’ve been proven many times over as a reputable crypto mining website.
How Earning with Hashflare Works?
Genesis Mining is one of the leading hashpower providers in the world, offering cryptocurrency mining capacities in every range – for newcomers, interested home miners, as well as large scale investors.
Like Hashflare, Genesis-mining is a popular bitcoin cloud mining website. Working with GM is pretty simple as your mining rigs are already set up and running.
Also, as soon as you’ve set up your account, you can start to mine your first coins using our Bitcoin cloud mining service!
Should You Invest In Bitcoin Cloud Mining?
We’ve already established that Cloud mining or cloud hashing is a concept, which allows users to buy mining power of the hardware placed in remote data centers.
With the growth of Bitcoin price, some of these bitcoin mining hardware companies are able to make good profit for investors around the world – meaning, anyone can join and get an extra source of income.
So the question is, should you join? Of course! Why?
There are still many Bitcoins to be mined and the Bitcoin industry is huge and continues its growth. The question is only which company you can trust.
Is Bitcoin Cloud Mining A Ponzi Scheme?
No, crypto cloud mining is not a ponzi scheme. It is rather an investment in Crypto-currencies, similar to the stock market.
A Ponzi scheme is an investment fraud that involves the payment of maintained returns to existing investors from funds paid by new investors. Ponzi system controllers often solicit new investors by promising to invest funds in opportunities claimed to produce high returns with little or no risk.
As noted by multiminer, Bitcoin cloud mining can be a tricky thing to determine if it’s completely safe in the Bitcoin world, and if it is, will it be cost effective? The return on your investment can be longer than other alternatives such as buying and selling Bitcoin.
This can be due to the fees involved, the time it takes to mine, the upfront costs and the value of Bitcoin during that time. The upside is that if the costs are reasonable, the cloud mining operation has good rewards and the price of Bitcoin rises, you will more than likely end up making a healthy return on your investment.
All in all, base your decision on PERSONAL discretion.
Info Ref: Miningstore.com