Best free Monero Cloud Mining in 2019

Best free Monero Cloud Mining in 2019

In this free Monero Cloud Mining guide, we go over free cloud mining as a separate branch of the cloud mining industry. The Cloud mining sector has its own pros and cons, all of which we list out at the beginning of this article. We also go through the best profit calculation, payouts, and withdrawal methods. At the end of the guide, we propose platforms that you should check out. We list their advantages and disadvantages which you should be aware of."Best free Monero Cloud Mining in 2019"

Best free Monero Cloud Mining in 2019


We also go over Cryptocurrency communities from which you can contact other miners and get information about the industry and payouts. It should be noted early in this guide that we don´t have any good experience with free cloud mining. Free Crypto cloud mining is often associated with short lived companies or scams, according to our experience. However, it is a big interest to read about them from our readers so we provide the information. If you choose to join with companies that do offer free cloud mining our recommendation is to do withdrawals frequently.

Make sure to compare with real large cloud mining providers, such as BitDeer or CCG Mining.

General Free Monero Cloud Mining

Before we go further, there is an important distinction that we have to male regarding free monero cloud mining. The sentence there is no such thing as a free lunch applies to cloud mining as well. Thus, what we review here is cloud mining that can be kick-started without the initial investment. You do investment as you mine cryptocurrencies in most cases, either by flat rate or as a percentage.

Also, free monero cloud mining providers have other means on which they gain funds, apart from charging you fees. They can implement Google Ads on a website or use your hash power to mine more coins which would they take.


Advantages and Disadvantages

We made advantages and disadvantages of the free XMR cloud mining platforms that you should know about before you start mining.

Advantages

– no investment in buying plans is required, meaning that you can start immediately

– coins are immediately available

– out-of-stock happens rarely

Disadvantages

– many of the cloud mining platforms offering free services are scams

– daily fees can cover up payouts completely

– ROI takes a lot longer time than with paid cloud mining programs

How to Calculate Profit

Most of the mining indicators are the same as those platforms that offer paid pans. You have mining difficulty calculator, providing you with a general idea of the daily mining payout. You also have hash power plans available to you to choose from. Combined, you use mining hash power to derive the Monero xmr volume according to the mining difficulty.

There is an important distinction from regular Monero cloud mining operations when it comes to profit. Except for Bitcoin BTC, maintenance fees are not present in large number, pay-for-plan companies like Bitdeer or CCG Cloud mining. Free monero cloud mining platforms, however, would charge you with flat costs, depending on its strategy.

Thus, you have hash power/mining difficulty daily payouts vs daily costs that would be deducted from your payouts. BE aware of the fact that many platforms do not offer large hash mining powers, thus the profit margin would be quite small. There is no ROI in free cloud mining since you are not investing anything at the beginning. Read more about free cloud mining calculations in our specialized article about this topic.

Payouts and Withdrawals

There is little difference between paid cloud mining programs and free cloud mining platforms. In both platforms, you get payments expressed in crypto coins that you mine. You also pay hardware maintenance fees, though in paid cloud mining programs some cryptos do not have these costs while free platforms do.

Free cloud mining programs tend to have a lot of lower payouts than those that require prepayment. That is how these companies make most of the profit, meaning that fees are rather hidden within the smaller awarded volume.

Free Cloud Mining Platforms

In this, we go over several monero free cloud mining platforms, in terms of available hash power, cryptocurrencies, and fees. Selected companies that we review in this guide are BitzFree, Honeyminer, Niceminer and Minergate. Minergate and HoneyMiner platforms are different in the way that these companies supply free Cloud Mining software that let you mine easily with your computer.

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