A Beginner’s Guide to Bitcoin Cloud Mining in 2025
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Bitcoin cloud mining is a way to mine Bitcoin without having to buy and maintain expensive mining hardware. Cloud mining is a general term given for sites that charge a monthly fee in exchange for mining crypto for you. Instead of setting up and running mining rigs yourself, you rent mining power from a company that owns and operates mining farms. So the technicalities like hardware maintenance, electricity costs, and cooling are actually their headache.
Bitcoin cloud mining is like renting a taxi instead of owning a car—you pay upfront, but the operator controls everything, charges fees, and can refuse future trips. In this post, we will cover what is cloud mining and expose the truth about its profitability.
Cloud Mining Summary
Cloud mining allows you to lease computing power instead of buying large mining setups. No need to worry about mining hardware as the operators maintain everything in exchange for a fixed fee while you get a share of the revenue they’ll make. While you mine remotely without expensive mining hardware, trust becomes very crucial. In this guide, we touch upon how to spot cloud mining scams, check if a business model is effective and if you can earn more in profits than you would have by just buying and holding Bitcoin.
Keep reading if you want a more detailed review of cloud mining and its profitability analysis.
Key Highlights
- Cloud mining lets users mine Bitcoin by renting computing power instead of owning expensive hardware and mining rigs.
- Mining providers handle equipment, electricity, and maintenance while users earn a share of rewards.
- Profitability depends on Bitcoin prices, mining difficulty, and contract fees.
- Hidden costs and maintenance fees often reduce cloud mining earnings.
- Bitcoin halving events make mining less profitable by cutting rewards in half.
- Buying and holding Bitcoin can often be considered more profitable.
- Always verify a cloud mining provider before investing to avoid fraud.
How Does Cloud Mining Work?
Many investors are curious about what is cloud mining and how it differs from traditional crypto mining sites. Since mining Bitcoin at home is so incredibly expensive many people are looking for cheaper solutions that don’t involve buying hardware that eats up electricity and can quickly become outdated. In light of this, cloud mining seems like the perfect solution: You “rent” hash power from miners that are located in a remote, temperature-controlled location. Unlike home setups, cloud mining services allow users to participate in BTC cloud mining from anywhere. The cloud mining company takes care of maintaining the miners and you share the revenues of the operation. Cloud miners join a shared mining pool where payouts are distributed according to the computational power each user contributes. Think of it as splitting the revenue from a rented farm—you only get a portion of the crops, not the entire harvest. The concept of cloud mining also allows small investors or those in regions where electricity is expensive to participate in crypto mining.
Difference Between Mining Pool and Cloud Mining
Mining pools and Bitcoin cloud mining are two approaches to cryptocurrency mining that cater to different levels of involvement and investment. But essentially, cloud mining is part of pooled mining due to the concept of renting hash power. A mining pool allows individuals to combine their computing power with others to increase their chances of successfully mining a block and earning rewards. Participants contribute their own mining equipment and receive a share of the rewards based on their contribution. This is similar to multiple investors pooling funds to buy shares in a venture, where returns are distributed proportionally.

Cloud mining, in contrast, removes the need for hardware ownership. The company manages the infrastructure, and customers receive a portion of the mined cryptocurrency based on their contract. This model is comparable to investing in a managed real estate fund—rather than owning and maintaining a property, investors pay for a share of the profits generated by a professionally managed asset. Sometimes, cloud mining can be more expensive than investing in mining pools due to the provider fees. Therefore, some users can opt for a combined cloud mining and mining pool approach to optimize profitability.
If you google the term “cloud mining” you’ll find endless possibilities to jump on board. Most of these websites will show you tons of confusing numbers (especially if you’re a newbie) and promise that cloud mining is “the easiest and most efficient way to earn Bitcoins”.
So everything looks OK, except you can’t always rely on all of these companies to deliver on their promise. What we mean to say is that aggressive marketing may not mean guaranteed returns. A past research also revealed that criminals are even using these mining options to disguise the origin of stolen or illegal funds.
Benefits and Risks of Cloud Mining Services
Benefits
- Cloud mining eliminates the need to buy or maintain expensive mining equipment.
- It helps users avoid high electricity and cooling costs associated with mining rigs.
- It allows easy entry into mining without requiring technical knowledge.
- The mining process is managed by professionals, reducing operational hassle.
- Users can mine remotely without needing a dedicated space for hardware
Risks
- Many cloud mining platforms have been scams and users need to do their own research before investing.
- Profits are not guaranteed due to market fluctuations and increasing mining difficulty.
- Hidden fees can reduce potential earnings.
- Users have no control over mining operations or decision-making.
- Some providers are unreliable and may shut down without notice.
- Returns can be lower than expected despite upfront investments.
Best Cloud Mining Services
Finding the best cloud mining platforms is crucial for profitability. Many best cloud mining sites claim to offer high returns, but only a few are legitimate. The best bitcoin cloud mining services provide transparency, reasonable fees, and consistent payouts. Some of the top cloud mining providers also support altcoin cloud mining, allowing users to mine coins like Ethereum and Litecoin.
Top Bitcoin Cloud Mining Platforms and Services
- Binance Cloud Mining – A leading cloud mining platform that allows users to rent mining power at competitive rates without investing in hardware.
- CryptoTab Farm – This cloud mining app lets users mine Bitcoin using spare computing power from their devices or rent additional mining power.
- CoinMiningFarm – A crypto cloud mining service that focuses on environmentally sustainable Bitcoin mining.
- Hashmart – Provides both fixed-term and open-ended cloud mining contracts, offering flexibility for different investment strategies.
- Hashing24 – One of the most trusted cloud mining sites, offering reliable Bitcoin mining contracts with varying durations.
- ECOS – Allows users to customize BTC cloud mining contracts based on their preferred investment amount and duration.
- BitDeer – A cloud mining company that uses AI-powered optimization to improve mining efficiency and profitability.
- BeMine – Specializes in ASIC rentals and hosting services, making it an ideal choice for users who want to participate in mining without buying hardware.
- Gminers – A low-cost cloud mining service that caters to casual investors who want to start with small investments.
- TrustMining – A cloud mining site based in Switzerland that focuses primarily on Ethereum mining.
- GenesisMining – One of the largest cryptocurrency cloud mining farms, specializing in Ethereum and Bitcoin mining.
- WhiteBIT – A crypto exchange with integrated cloud mining, allowing users to mine and trade within the same platform.
- Awesome Miner – A crypto mining management software that helps miners optimize their mining operations efficiently.
- Kryptex – A Windows-based cloud miner with flexible mining modes, allowing users to mine profitably based on their hardware capabilities.
- HashShiny – A multi-crypto cloud mining platform, enabling users to mine up to seven cryptocurrencies at once.
- AST Mining – A beginner-friendly cloud miner with a straightforward sign-up process that allows quick entry into Bitcoin mining.
- Coinhold – A cryptocurrency mining savings wallet, offering up to 14% APY on funds earned from mining activities.
- LetMeCloud – A well-known Bitcoin cloud mining site with a reputation for transparency and trustworthiness.
If we think about the global power of cloud mining, it can consolidate mining power into large-scale farms. It will mean a few corporations can end up controlling most of the computing power while individuals participate with little to no control. While it removes the hassle of hardware and electricity costs, profitability is also uncertain for small retail players. And with that, many platforms have exploited this model for scams. BitClub Network, for instance, was a fraudulent cloud mining scheme that scammed investors out of $722 million. They promised high returns from Bitcoin mining but instead of actually mining Bitcoin, the operators faked earnings reports and ran a Ponzi scheme. They reportedly used new investors’ money to pay earlier ones. The scheme collapsed in 2019, leading to arrests and federal charges. To avoid getting caught in such scams, investors must thoroughly vet providers and remain wary of handsome promises.
Legit cloud mining companies
Legitimate cloud mining companies own mining hardware and conduct real Bitcoin mining, but this does not guarantee profitability or reliability.
With numerous cloud mining companies in the market, selecting a reliable cloud mining site is critical. The best crypto mining sites provide detailed information about their operations, ensuring users are not trapped in Ponzi schemes. Always verify if bitcoin cloud mining is legit before investing.
Several well-known cloud mining services have raised concerns. BitClub Network operated as a Ponzi scheme. HashFlare, once a popular mining provider, eventually collapsed, leaving many without returns. HashOcean followed a similar pattern, disappearing with investor funds. Even Kodak KashMiner, marketed under the Kodak brand, failed due to unrealistic profit projections and other issues. Genesis Mining is another cloud mining service that the community has alleged to be a “scam” for being non-profitable.

Some services claim to offer structured mining payouts. However, as with all cloud mining ventures, earnings depend on factors such as Bitcoin price fluctuations, mining difficulty, and contract conditions. Many users prefer cloud mining apps that allow mining directly from mobile devices. These cloud-based mining solutions offer convenience, though they may not be as profitable as full-scale mining operations. Still, cloud mining crypto via mobile provides an easy entry point for new miners. However, thorough research and caution are essential before investing in any cloud mining platform. Here are some of the cloud mining firms in the market.
1.Binance Cloud Mining allows users to mine Bitcoin without owning hardware by renting hashrate units (Th/s). It offers transparent hashrate tracking, multiple contract options, and professional maintenance for high uptime. However, earnings depend on market fluctuations and mining difficulty, and pre-sale contracts may face activation delays.
2.Hashmart claims to offer Bitcoin and Ethereum mining contracts through data centers in Asia. It provides mining options at a low cost, but contract choices on the website are limited, and open-ended contracts come with ongoing maintenance fees.
3.Hashing24 offers Bitcoin cloud mining without the need for personal hardware or maintenance. It partners with Bitfury and operates through various data centers to provide mining services. The platform is limited to Bitcoin mining, some contracts may be unavailable, and withdrawal fees can be high, affecting overall profitability as mining difficulty increases. Users have not reported major issues from Hashing24, but earnings may be lower than expected.
4.CryptoTab Farm is a mining software that uses a computer’s processing power to mine Bitcoin. It works on Windows, macOS, Android, and iOS, allowing users to sync data across devices. It also enables BTC earnings while browsing. However, mining profitability depends on factors like electricity costs, mining difficulty, and cryptocurrency prices. The mining results also depend on active browser usage. While users consider the platform legit, many report that payouts are meagre. Another one to check out in this category could potentially be CryptoTab Browser which is an extension on your browser with built-in mining algorithm.
Some platforms offer free cloud mining, but they usually come with limitations. While free cloud mining sounds appealing, it often has lower profitability and higher risks. On the other hand, premium best cloud mining services require upfront investment but offer better cloud mining profitability over time.
Pro Tip: Users should spend time in thorough research before diving in the sector to avoid potential losses. Despite being legitimate cloud mining sites, there can be reported issues in earnings and withdrawals.
Types of Bitcoin Cloud-Mining Methods
- Host Mining – Users purchase mining hardware but store it in a third-party facility that handles maintenance and electricity. They can monitor performance remotely.
- Rental Hash Power – Users rent a portion of a mining farm’s computing power without owning any hardware. Earnings depend on the hash power rented.
- Virtual Hosted Mining – Users rent a virtual private server (VPS) and install mining software. This offers more control but requires technical knowledge.
- Shared Mining – Multiple users share a single mining rig’s power and split the earnings based on their contribution.
- Mining as a Service (MaaS) – A fully managed service where a provider handles all mining operations, and users only invest and receive payouts.
Lose-Lose Situation
Legit cloud mining companies operate on a lose-lose model for investors. If Bitcoin goes up in price, the earnings are usually lower than simply buying and holding Bitcoin. If Bitcoin’s price falls, mining revenue may not cover maintenance fees, leading to contract termination without refunds.
Cloud mining contracts require an upfront payment plus ongoing maintenance fees (e.g., $0.14/TH), covering hardware, cooling, and storage. Since mining payouts are in Bitcoin but maintenance fees are in fiat, a price drop can make mining unprofitable. Genesis Mining, for example, states that if payouts can’t cover fees, mining stops.
In the event of a contract becoming unprofitable (i.e. the payout can’t cover the maintenance fee), the resulting daily payout will be zero. After that, the contract will continue to mine for 60 days….If the contract does not return to profitability in this period it will be terminated….
Even when Bitcoin’s price surges, mining difficulty increases, reducing profitability. Many investors saw their contracts terminated during the 2018 crypto winter for this reason. In most cases, buying and holding Bitcoin is a better option than cloud mining.
On the other hand, if Bitcoin’s price shoots to the moon, the mining difficulty usually goes up as well, making your miners less profitable. To sum it up, in both cases you’re probably better off just buying and holding Bitcoins. You’ll either lose less or earn more. Users often face unexpected fees, shrinking returns, and contract modifications that lower their earnings. While some cloud mining companies may operate legally, the industry has not established itself as a consistently profitable one.
Regulations for Cloud Mining and Solving Concerns
The legality of crypto cloud mining depends on the country. Some places, like the US, Canada, and many European nations, allow it but require compliance with financial and tax regulations. For instance, in the US, mining cryptocurrencies at home is allowed, but high electricity consumption can lead to violations of local regulations or increased utility costs. Others, such as China, have banned mining due to concerns about financial stability and energy consumption. In countries like Russia, mining is legal but comes with restrictions, such as registration requirements and regional energy limits. Since rules are constantly changing, those interested in cloud mining should check local laws and ensure they follow regulations to avoid legal trouble.

Scam cloud mining companies
A major concern is lack of transparency in the Bitcoin cloud mining business. Customers have no way to verify if their money is actually being used for mining. Therefore, picking a cloud mining provider requires caution. A good provider should be open about its operations, clearly stating where its mining happens, what equipment it uses, and how profits are shared. Checking customer reviews and the company’s track record can help spot red flags. Many cloud mining businesses raise concerns because they collect money from users even though they claim to have the funds for electricity and maintenance. In some cases, these funds have been misused for other risky activities instead of actual mining.
When Bitcoin started to gain momentum, a lot of Ponzi schemes came to play, with the most famous ones being Bitcoin Savings and Trust, Bitconnect and OneCoin. Another name for Ponzi is “Pyramid Scheme”. It’s a type of investment scheme where you need to invest money in order to participate. The people who came in first get paid by the ones that came after. Eventually, the payouts stop for some reason and the people at the bottom of the pyramid are left with nothing. Many cloud mining companies can be flagged for Ponzi-like structures by regulators. We say that because many companies may not actually have any mining rigs set out in a remote location. And the money that you pay is used for paying out older customers and the company itself.
Pro Tip: Always verify a company’s mining facility and contract terms before investing.
Most people won’t press charges when a few hundred dollars are stolen from them, so when the company goes bankrupt or just plain vanishes, all that is left are a bunch of angry people. Hey, it happened to me as well…
Can Energy Efficiency be a Cloud Mining Concern?
Yes, energy use is a big concern in proof-of-work crypto mining despite the efficiency cloud mining offers to individuals. We know that Bitcoin mining companies run powerful machines that need a lot of electricity. If energy costs are too high, mining becomes less profitable, and companies may charge customers more or reduce payouts. Considering some regions also have limits on electricity use, mining might become harder. If mining difficulty rises, power use tend to increase, making energy efficiency an ongoing challenge.
Cloud Mining Vs. Staking: Which One to Choose?
For those debating between cloud crypto mining and staking, it depends on individual goals. While cloud mining services involve renting power, staking offers passive income by locking up tokens. Some best cloud mining platforms also support hybrid models, giving users flexibility.
Cloud mining and staking are two ways to earn crypto, but they work differently. Cloud mining (PoW) is like leasing a gold mining machine—you pay a company to dig for you, but your earnings depend on electricity costs, mining difficulty, and gold’s price. It requires some technical knowledge and can be costly due to the leasing fees. On the other hand, staking (PoS) is more like earning interest in a savings account—you lock up your crypto, help validate transactions, and receive rewards over time. It’s easier, requires no expensive equipment, and is better for the environment.
Choosing between mining and staking depends on your situation. Pick mining if you have access to cheap electricity and hardware and can handle market ups and downs. Pick staking if you prefer a low-maintenance, steady income without dealing with hardware. Both methods have risks, but staking is becoming more popular due to its simplicity and energy efficiency it offers.
Feature | Cloud Mining | Staking |
How It Works | Rent computing power to mine crypto |
Lock up crypto to support the network
|
Consensus Mechanism | Proof of Work (PoW) |
Proof of Stake (PoS)
|
Earnings | Mining rewards, minus fees |
Earn staking rewards for validating transactions
|
Initial Investment | Pay for mining contracts or fees |
Buy and stake crypto tokens
|
Maintenance | Mining provider manages hardware, but fees apply |
No hardware needed, just hold funds
|
Risk Factors | Market price, mining difficulty, hidden fees |
Token value fluctuations, staking lock-up periods
|
Energy Use | High energy requirement for mining rigs and data centres but low requirements for individuals |
Low as no extra power consumption needed
|
Example Cryptos | Bitcoin (BTC), Litecoin (LTC) |
Ethereum (ETH 2.0), Cardano (ADA), Solana (SOL)
|
Example Platforms | Binance Cloud Mining, Hashing24 |
Ethereum staking, Binance Staking
|
Best For | Those who want to mine but lack hardware |
Those who want passive income by locking up their tokens
|
AI is Making Cloud Mining More Profitable
By using AI, cloud mining companies save costs, boost efficiency, and find new ways to earn money, keeping mining profitable. Here’s how users also benefit:
- Smarter Mining Decisions: AI helps miners adjust power use and work faster. For instance, NVIDIA’s AI-powered chips make mining more efficient.
- Earning Beyond Crypto: Some mining companies, like Hut 8, rent out their data centers for AI tasks, earning extra money beyond crypto mining.
- Cutting Energy Waste: AI tracks electricity use and slows mining when power costs rise. Google’s DeepMind AI reportedly cut energy use in its data centers by 40%.
- Preventing Costly Breakdowns: AI can spot hardware issues early to prevent breakdowns. Tesla’s AI predicts battery problems, just like mining firms could use AI to extend machine life.
- AI-Powered Automation: AI-powered bots and agents automate tasks like adjusting mining resources. It would be similar to adaptive learning models that optimize work.
- Better Mining for All: AI can potentially fine-tune mining for ASIC-resistant coins like Monero (XMR), making mining more accessible to everyone.
We suggest taking a minute to read our guide on AI Agents in Crypto: What They Are and Why They Matter?
Do Your Own Research
If you’re thinking about cloud mining, research thoroughly before spending money. Here’s how to stay safe:
Check for Reviews and Warnings
For almost every fraudulent website on the web there’s someone who already posted about it. Either search BitcoinTalk for information about that company or go to BadBitcoin for a list of the well known scams. If you don’t find any warnings but suspect a scam, consider posting about it to help others avoid the same trap.
Don’t Invest More Than You Can Afford to Lose
Probably the most important tip – if you’re going to get into cloud mining, do it little by little, and NEVER (and I mean NEVER) invest more than you can afford to lose. The way most of these companies work is that they lure you in, little by little, and once you get the big money in they close down without any notice.
Research About Hashrate Marketplaces
Hashrate marketplaces are platforms where people can buy or sell mining power with varying pricing and risk options. Make sure you understand how pricing works and the risks involved before committing funds.
Profitability Dependent on Several Factors
The profitability of crypto cloud mining depends on multiple factors, including mining difficulty, electricity costs, and market prices. If you’re wondering how to cloud mine Bitcoin, look for best cloud mining providers that adjust to changing market conditions to maximize earnings.
The Bitcoin Scam Test
To spot fraudulent websites, use our scam test to evaluate red flags in cloud mining platforms. A checklist of key warning signs can help you determine if a site is legitimate or a potential scam. Our methodology for inspecting different Bitcoin-related sites include a series of questions that will eventually give you a pretty good idea if the site you’re looking at is a scam or not. You can take the test here.
Bitcoin Halving Affects Cloud Mining Profitability
3 things impact profitability when it comes to cloud mining: mining difficulty, mining rewards and asset price. BTC cloud mining profitability has a direct relationship with Bitcoin’s price and mining rewards—higher prices and rewards increase earnings. However, it has an inverse relationship with mining difficulty—as difficulty rises, earnings decrease since more computing power is needed to mine the same amount of Bitcoin.

Since Bitcoin halving cuts the mining rewards in half in about four years, it directly impacts cloud mining profitability. Since cloud miners rent computing power to earn a share of Bitcoin rewards, a halving means they receive fewer Bitcoin for the same amount of mining work. For example, in 2020, miners earned 6.25 BTC per block, but after the 2024 halving, they will receive only 3.125 BTC. If
does not increase enough to offset this drop, cloud miners will earn less while still paying the same fees for their contracts. This can make mining less profitable, especially if the provider does not adjust pricing or efficiency to match the reduced rewards.Cloud miners should carefully assess market trends, provider reliability, and contract terms before investing in mining while accounting for the halving cycle.
Alternatives to Cloud Mining: Buy Bitcoin Through Trusted Platforms
Unlike cloud mining, where profitability depends on mining conditions, buying Bitcoin directly allows investors to own the asset outright and benefit from price appreciation without worrying about operational costs or contract risks. Here are some recommended platforms like Best Wallet, eToro, Margex and OKX to buy Bitcoin or other cryptos.
- Best Wallet is a highly secure non-custodial wallet that supports over 60 blockchains. It aggregates decentralized exchanges (DEXs) to help users find the best rates for swapping and trading crypto. With staking features and market analytics, it’s a great option for long-term Bitcoin storage.
Visit Best Wallet - eToro is a regulated exchange that offers social trading features, allowing users to copy strategies from successful investors. It’s a great platform for beginners who want a secure environment to trade Bitcoin.
- Margex specializes in crypto derivatives trading with up to 100x leverage, making it ideal for those looking to amplify their positions. It also offers copy trading and a no-fee converter for stablecoin swaps.
- MEXC is a global crypto exchange that supports a wide range of tokens, competitive trading fees, and advanced trading tools. It’s known for fast execution speeds and user-friendly design.
- OKX is a leading spot and derivatives exchange with a diverse selection of cryptocurrencies. It offers secure crypto deposits and fiat gateways, making it suitable for both beginners and experienced traders.
Platform Type Security Fees Supported Cryptos Key Features Best For Best Wallet Non-custodial wallet Private key control, 2FA, encrypted storage Free storage; transaction fees apply 60+ blockchains (BTC, ETH, BNB, etc.) Built-in DEX, staking, NFT gallery, upcoming crypto debit card Users who want full control over their crypto and a secure wallet with built-in tradingeToro Trading platform Regulated, offers insurance, custodial wallet available 1% trading fee, withdrawal & inactivity fees BTC, ETH, DOGE, 40+ cryptos Social trading, copy trading, easy fiat transactions Investors looking for a simple way to trade crypto without owning private keysMargex Derivatives trading platform 100% funds in cold storage, SSL encryption, 2FA 0.019% limit order, 0.06% market order fees 36 perpetual futures, including DOGE/USD Leverage up to 100x, copy trading, demo trading Experienced traders looking for leverage trading optionsOKX Exchange & Web3 platform Multi-signature wallet, two-factor authentication Competitive spot & futures trading fees 350+ cryptos, DeFi, NFTs Futures trading, staking, passive income options Traders and investors interested in both centralized and decentralized finance (DeFi)MEXC Crypto exchange Cold storage, proactive security audits 0% maker fee, 0.02% taker fee 2800+ cryptos, 2900 trading pairs High liquidity, futures trading up to 200x leverage, staking & passive income High-volume traders and investors looking for diverse asset optionsBinance Exchange & Web3 platform Multi-layer security, MPC key protection Low trading fees, network fees for withdrawals 200+ cryptos Spot & margin trading, Binance Earn, staking, Trust Wallet integration Users who want a mix of trading, staking, and DeFi toolsIf cloud mining seems too risky, buying Bitcoin on these trusted exchanges might be the better choice.
Conclusion – Is Cloud Mining Profitable?
Bitcoin cloud mining promises an easier way to participate in mining without the hassle of hardware, electricity costs, and maintenance. However, the reality is far more complex. The industry is filled with uncertainties, from fluctuating Bitcoin prices and rising mining difficulty to hidden fees and outright scams. Many investors who enter cloud mining hoping for passive income end up facing lower-than-expected earnings or even complete losses.
The biggest challenge with cloud mining is the lack of control. Users are entirely dependent on the mining provider, which can change terms, increase fees, or shut down operations without notice. Even legitimate companies struggle to maintain profitability due to Bitcoin halving and market volatility. We think that if you’re serious about investing in Bitcoin then you’re better off buying Bitcoin and holding rather than mining it. But for those considering cloud mining, the safest approach is to start small, research extensively, and never invest more than you can afford to lose.
Instead of cloud mining, investors looking to grow their Bitcoin holdings can explore secure, reputable exchanges such as Best Wallet, eToro, MEXC, or OKX for direct purchases. This allows them to benefit from Bitcoin’s price appreciation without the risks of cloud mining. Because cloud mining is like paying someone to fish for you—you hand over your money, wait patiently, and sometimes they bring back a fish… other times, they just disappear with the boat.
See Also:
- What is Bitcoin Mining and How Does it Work?
- Best Bitcoin Mining Software for Windows, Mac, Linux in 2025
- Bitcoin Mining Profitability Calculator 2025
Frequently Asked Questions
Is cloud mining legal?
Can cloud mining be profitable in 2025?
How do I know if a cloud mining company is a scam?
Do cloud mining contracts get terminated if Bitcoin price drops?
How does Bitcoin halving affect cloud mining profits?
What is the difference between cloud mining and hashrate marketplaces?
Are there cloud mining options for altcoins instead of Bitcoin?
Can you start cloud mining with no experience?
What is the difference between cloud mining and staking?
Should I invest in cloud mining or buy Bitcoin directly?
References:
- FasterCapital. “Mining Pool: Joining Forces – Cloud Mining and the Power of Mining Pools.” FasterCapital,
https://fastercapital.com/content/Mining-pool–Joining-Forces–Cloud-Mining-and-the-Power-of-Mining-Pools.html. - BitDegree. “Bitcoin Scams: How to Spot and Avoid Them.” BitDegree,
https://www.bitdegree.org/crypto/tutorials/bitcoin-scams. - United States Department of Justice. “Three Men Arrested in $722 Million Cryptocurrency Fraud Scheme.” United States Attorney’s Office, District of New Jersey,
https://www.justice.gov/usao-nj/bitclub. - Finance Magnates. “Cloud Mining Put to the Test: Is It Worth Your Money?” Finance Magnates,
https://www.financemagnates.com/cryptocurrency/education-centre/cloud-mining-put-to-the-test-is-it-worth-your-money/. - GDSupplies. “What Is Cloud Mining in Crypto?” GDSupplies,
https://www.gdsupplies.ca/blog/what-is-cloud-mining-in-crypto. - XT Support. “Everything You Need to Know about Bitcoin Cloud Mining.” XT Support,
https://xtsupport.zendesk.com/hc/en-us/articles/32331863851033-Everything-You-Need-to-Know-about-Bitcoin-Cloud-Mining. - Reuters. “Russia Restricts Cryptocurrency Mining in Low-Energy Regions.” Reuters,
https://www.reuters.com/technology/russia-restricts-cryptocurrency-mining-low-energy-regions-2024-11-19/. - BitDeer. “Is Crypto Mining Legal? Key Regulations You Need to Know.” BitDeer,
https://www.bitdeer.com/learn/is-crypto-mining-legal-key-regulations-you-need-to-know. - FuzeHQ. “Crypto Staking vs. Mining: Which Is More Profitable?” LinkedIn Pulse,
https://www.linkedin.com/pulse/crypto-staking-vs-mining-which-more-profitable-fuzehq-0aiac/.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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