In 2023, more and more people will be interested in Bitcoin cloud mining. In response to the growing interest and popularity of the practice, Traders Union analysts have published their own ranking of the best sites for cloud mining. The rating includes companies that have already established themselves well in the market. The full rating is located at the link above.
Which companies are included in the rating?
At the time of publication, the Traders Union rating consisted of six positions.
StormGain came first, followed by:
- ECOS;
- Genesis Mining;
- NiceHash;
- IQ Mining
- Bitdeer
Why StormGain is the best cloud mining platform
Traders Union names StormGain as the most profitable and reliable cloud mining provider. The company offers safe and fast mining without buying equipment and without overloading the processor or battery. The first rewards are credited to the participant’s wallet in 4 hours.
StormGain is a simple and affordable cryptocurrency trading platform. This is a convenient solution for anyone who wants to make money on the growth or fall of rates, as well as on long-term investments in cryptocurrency assets. StormGain is present on all devices and allows users to operate with 11 different cryptocurrency futures contracts with a multiplier of 500x or invest in cryptocurrency.
How to start cloud mining with StormGain?
StormGain has an extremely simple process of registration and operation. The algorithm of work fits into just a few steps, namely:
- Sign up (it only takes a couple of minutes) and pay the starting commission.
- Go to the Bitcoin cloud miner page
- Click on the big green “Activate” button
- Wait for the reward
- If necessary, repeat, in parallel, increasing the speed of mining.
How to choose the right cloud mining provider?
Any rating, even compiled by professionals, cannot be regarded as an unambiguous recommendation. Users should always choose a provider for cloud mining based on personal comfort, expectations, and financial capabilities. Here are some other aspects users should focus on:
- Personal research;
- A number of supported coins;
- Fees charged;
- Minimum investment amount;
- Reliability and reputation.
Pros and cons of Bitcoin mining
Accessibility and liquidity are definitely one of the top pros of cloud mining. Bitcoin is the oldest coin in the market, and crypto admirers trust it most. Bitcoin is known for user anonymity and transactional transparency – this is the safest coin in the market with no analogs to its ecosystem. Mining Bitcoin has high return potential. But there are some cons of Bitcoin mining as well.
The disadvantages are volatility and a lack of regulation. So, to mine or not to mine is up to every user. But the Traders Union community is ready to give free informational help anytime.