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5 Best Free Bitcoin Cloud Mining Platforms in 2024

AltcoinUpdates Staff

Published

8 months ago

on

5 best free Bitcoin cloud mining platforms in 2024

Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.

A look at this year’s top free Bitcoin cloud mining platforms, including the unique features that set them apart.

The appeal of cryptocurrency may be undeniable, but the initial investment in mining equipment can be a barrier. Fear not, aspiring miners! Free cloud mining software offers a gateway into this exciting space. This article reveals the top 5 free cloud mining software options for 2024. These easy-to-use platforms allow you to mine crypto and potentially receive daily payouts, all without spending a lot on hardware. Get ready to explore the potential of passive crypto income – and embark on your crypto journey – in just a few clicks.

  1. AST Mining
  2. Echoes
  3. Bitdeer
  4. StormGain
  5. Hashing24
  1. AST Mining

Pioneer in cloud mining, AST Mining has been around for years, winning the trust of more than 970,000 users in 150 countries and regions. They have a global network of five mining farms, all powered by renewable energy sources such as solar and wind. This environmentally friendly approach reduces mining costs and minimizes environmental impact. The remaining electricity is even integrated back into the power grid! This translates into a significant advantage for you: access to substantial mining power without the burden of expensive equipment, noisy rigs or home heat generation. You just need a computer or phone to sign a mining contract and start reaping the rewards.

Characteristics

  • No overhead or electricity fees
  • Automated daily payments
  • Different crypto contracts to choose from
  • 24-hour online support
  • Ecological mining
  • Sign up to earn $30
  • An affiliate program with 3% lifetime rewards

Contracts

Contract price Contract terms Fixed return Daily
$30 1 day $30 + $0.9 3%
$200 1 day $200 + $5 2.5%
$500 2 days US$500 + US$17 1.7%
$1,100 3 days $1,100 + $61.05 1.85%
$3,000 5 days $3,000 + $292.5 1.95%

Minimum investment amount: $200

For additional information about AST Mining, visit their website.

two. Echoes

    Founded in 2017, Ecos is a reputable company in cloud mining and cryptocurrency decentralized finance (DeFi) services. They have the distinction of being the first platform to frame cloud mining within a legal framework. Operating from the Armenian Free Economic Zone, Ecos has secured a contract with one of the country’s main electricity suppliers, guaranteeing a reliable and potentially cost-effective energy source. Its DeFi platform has a global user base of over 100,000 and serves popular cryptocurrencies such as Bitcoin, Ripple, Ethereum, Litecoin, Tether, and Bitcoin Cash. However, it is important to note that only Bitcoin is available for cloud mining on Ecos.

    3. Bitdeer

      This Bitcoin platform offers a combination of cloud mining and hash rate trading. In addition to traditional cloud mining services, the platform is a marketplace where users can buy and sell hash rates (computational power) from different brands. This market thrives on partnerships – the project prioritizes collaborations with top-tier mining equipment suppliers and the world’s largest mining pools, ensuring access to efficient and reliable resources.

      For cloud mining, the platform uses powerful ASIC and GPU miners. Users need a minimum investment of $542 to get started, which translates to 50 tera hashes per second (TH/s) of Bitcoin mining power. It is important to note that all cloud mining contracts are fixed at 180 days. In terms of global reach, the platform is present in over 200 countries and has successfully launched five fully supported data centers across the world.

      4. StormGain

        Founded in 2019, StormGain is an easy-to-use platform for cloud mining. Forget about draining your device’s battery with clunky hardware; StormGain takes care of everything. Mining can be complex, but with StormGain it’s simple. Its simple interface makes navigation easy, even for beginners. Another advantage? StormGain has a sophisticated anti-fraud mechanism, keeping your transactions secure. Additionally, you can monitor your earnings directly on the platform. Regarding earnings, StormGain distributes mining rewards equally every 30 to 40 minutes. They even provide robust charting tools to help you track price patterns and make informed decisions.

        5, Hashing24

          Founded in 2015, Hashing24 is the ideal platform for those who focus exclusively on Bitcoin. With a solid decade of experience in Bitcoin cloud mining, the platform has seen users mine and withdraw over 1,000 coins during that time. Offering a 12-month plan starting with a minimum deposit of $72.30, miners gain access to 1 TH/s of mining power. Similar to Ecos, Hashing24 exclusively facilitates Bitcoin mining at the moment.

          Using Bitfury for its mining data centers, Hashing24 partners with a leading name in the industry. Bitfury Group, the world’s largest blockchain technology company, is committed to providing excellent mining infrastructure. With multiple data centers established in six countries and four actively involved in mining operations, Hashing24 ensures robust and reliable mining capabilities. Additionally, Hashing24 offers a free demo on its website, allowing visitors to simulate potential earnings based on specific hash inputs.

          Disclosure: This content is provided by third parties. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.

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AltcoinUpdates Staff

We are the editorial team of Altcoin Updates, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Altcoin Updates, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

Bitcoin (BTC), Stocks Bleed as China’s Surprise Rate Cut Signals Panic, Treasury Yield Curve Steepens

AltcoinUpdates Staff

Published

6 months ago

on

25 July, 2024

By

Bitcoin (BTC), Stocks Bleed as China’s Surprise Rate Cut Signals Panic, Treasury Yield Curve Steepens

Risk assets fell on Thursday as China’s second rate cut in a week raised concerns of instability in the world’s second-largest economy.

Bitcoin (BTC)the leading cryptocurrency by market cap, is down nearly 2% since midnight UTC to around $64,000 and ether (ETH) fell more than 5%, dragging the broader altcoin market lower. The CoinDesk 20 Index (CD20), a measure of the broader cryptocurrency market, lost 4.6% in 24 hours.

In equity markets, Germany’s DAX, France’s CAC and the euro zone’s Euro Stoxx 50 all fell more than 1.5%, and futures linked to the tech-heavy Nasdaq 100 were down slightly after the index’s 3% drop on Wednesday, according to the data source. Investing.com.

On Thursday morning, the People’s Bank of China (PBoC) announced a surprise, cut outside the schedule in its one-year medium-term lending rate to 2.3% from 2.5%, injecting 200 billion yuan ($27.5 billion) of liquidity into the market. That is the biggest reduction since 2020.

The movement, together with similar reductions in other lending rates earlier this week shows the urgency among policymakers to sustain growth after their recent third plenary offered little hope of a boost. Data released earlier this month showed China’s economy expanded 4.7% in the second quarter at an annualized pace, much weaker than the 5.1% estimated and slower than the 5.3% in the first quarter.

“Equity futures are flat after yesterday’s bloody session that shook sentiment across asset classes,” Ilan Solot, senior global strategist at Marex Solutions, said in a note shared with CoinDesk. “The PBoC’s decision to cut rates in a surprise move has only added to the sense of panic.” Marex Solutions, a division of global financial platform Marex, specializes in creating and distributing custom derivatives products and issuing structured products tied to cryptocurrencies.

Solot noted the continued “steepening of the US Treasury yield curve” as a threat to risk assets including cryptocurrencies, echoing CoinDesk Reports since the beginning of this month.

The yield curve steepens when the difference between longer-duration and shorter-duration bond yields widens. This month, the spread between 10-year and two-year Treasury yields widened by 20 basis points to -0.12 basis points (bps), mainly due to stickier 10-year yields.

“For me, the biggest concern is the shape of the US yield curve, which continues to steepen. The 2- and 10-year curve is not only -12 bps inverted, compared to -50 bps last month. The recent moves have been led by the rise in back-end [10y] yields and lower-than-expected decline in yields,” Solot said.

That’s a sign that markets expect the Fed to cut rates but see tighter inflation and expansionary fiscal policy as growing risks, Solot said.

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Bitcoin

How systematic approaches reduce investor risk

AltcoinUpdates Staff

Published

6 months ago

on

25 July, 2024

By

How systematic approaches reduce investor risk

Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.

Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.

Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.

July 24, 2024, 5:30 p.m.

Updated July 24, 2024, 5:35 p.m.

(Benjamin Cheng/Unsplash)

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Bitcoin

India to Release Crypto Policy Position by September After Consultations with Stakeholders: Report

AltcoinUpdates Staff

Published

6 months ago

on

25 July, 2024

By

Amitoj Singh

“The policy position is how one consults with relevant stakeholders, so it’s to go out in public and say here’s a discussion paper, these are the issues and then stakeholders will give their views,” said Seth, who is the Secretary for Economic Affairs. “A cross-ministerial group is currently looking at a broader policy on cryptocurrencies. We hope to release the discussion paper before September.”

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Bitcoin

Bitcoin (BTC), Ether (ETH) slide as risk aversion spreads to crypto markets

AltcoinUpdates Staff

Published

6 months ago

on

25 July, 2024

By

Bitcoin (BTC), Ether (ETH) slide as risk aversion spreads to crypto markets

Ether, the second-largest token, fueled a slide in digital assets after a stock rout spread unease across global markets.

Ether fell about 6%, the most in three weeks, and was trading at $3,188 as of 6:45 a.m. Thursday in London. Market leader Bitcoin fell about 3% to $64,260.

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