13 years ago, the concept of "virtual currency mining" didn’t exist. Today, cryptocurrencies and blockchain have become red-hot industries, with more people participating in mining—and competition growing fiercer.
Many lack funds, technical skills, or access to cheap electricity, giving up due to perceived complexity. Companies spotted this opportunity, leading to the rise of cloud mining and mining rig hosting platforms tailored for beginners.
In this article, we’ll explore:
- Definitions of cloud mining and mining rig hosting
- Platform comparisons and introductions
- How to choose reliable providers
What Is Cloud Mining? What Is Mining Rig Hosting?
Cloud Mining: A model where platforms sell or lease hash power to miners for remote cryptocurrency mining.
Simply put, companies operate mining rigs in facilities with cheap electricity and maintenance, then sell their computing power. Users buy contracts to participate without managing hardware.
Mining Rig Hosting: You purchase mining machines and entrust them to specialized firms that provide facilities, low-cost electricity, internet, and maintenance. Some platforms even handle machine purchases and full-service hosting.
Why Use These Services?
Self-mining Bitcoin requires:
- Buying/assembling rigs
- Securing a suitable location
- Negotiating cheap electricity
- Maintaining equipment
- Enduring noise and heat
These barriers make mining capital-intensive, favoring those with resources. Cloud mining/hosting democratizes access by eliminating upfront costs and technical hurdles.
Risks and Challenges
While seemingly "passive income," risks include:
- Fraudulent platforms with fake矿场 or outdated machines
- Hash power overallocation (selling nonexistent capacity)
- Operational failures or abrupt shutdowns
- Scams disguised as mining operations
Historical collapses (e.g., 2018’s Bitcoin crash) wiped out many investors. Thorough due diligence is essential.
Profitability Analysis
Calculating Daily Bitcoin Mining Value
Formula: 1T / (Total Network Hashrate × 10^6T) × 6.25 BTC × 6 × 24h × BTC Price = $/T/day
Example (157.90 EH/s, $60,000/BTC): 1T/(157.90×10^6T) × 6.25 × 6 × 24 × 60,000 = $0.3420/T/day
Cost Scenarios
Cloud Mining (BitFuFu Example)
- 120-day contract: $0.3317/T/day (hashrate + electricity)
- Profit: ($0.3420 - $0.3317) × 30T × 120 days = $37.08
- Break-even BTC price: $58,195 (below this =亏损)
Hosting (Antminer S19i)
- Daily profit: ($0.3420 - $0.05697) × 89TH = $25.37/day
- ROI Period: ~334 days
- Break-even BTC price: $9,995
Assumes static hashrate; actual results vary with network difficulty and BTC halvings.
Platform Comparisons
Cloud Mining Services
| Platform | Cost/T/Day | Hashrate | Contract | Miner Model | Fraud Risk | SimilarWeb Rank |
|---|---|---|---|---|---|---|
| BitDeer | $0.2339 | 50TH/s | 360 days | S19 Pro | Low | #32,311 |
| BitFuFu | $0.2661 | 30TH/s | 360 days | S19i | Low | #212,983 |
| RHY | $0.27 | 1T+ | 365 days | N/A | Low | #470,601 |
Hosting Services
| Platform | Rig Cost | Electricity | Mgmt Fee | Hashrate | Power Use | Lease Term | Miner Model |
|---|---|---|---|---|---|---|---|
| BitFuFu | $7,978 | $0.065/kWh | 30%* | 110TH/s | 3245W | Flexible | S19 Pro |
| RHY | $1,378 | $0.08/kWh | 8% | 26TH/s | 2100W | 360 days | T2T |
*Post-ROI fee; 0% before breakeven.
How to Choose a Reliable Provider
Background Checks
- Media coverage, partnerships (e.g., BitFuFu + Bitmain)
- User reviews on Trustpilot/Reddit
- Domain age (Whois) and traffic (SimilarWeb)
Verify Infrastructure
- Real矿场 locations and electricity costs
- Modern矿机 models (e.g., Antminer S19 series)
Third-Party矿池 Transparency
- Platforms like BitFuFu allow verifying算力 via F2Pool.
Service Flexibility
- Contract terms, supported cryptocurrencies, customer support.
Avoid Red Flags
- Unusual withdrawal rules or lack of矿池 transparency.
👉 Explore trusted mining platforms
Key Takeaways
- Due diligence is critical—most platforms are scams.
- Top picks: BitFuFu, BitDeer, Genesis Mining.
- Monitor variables: BTC price, hashrate, electricity costs.
- Mining isn’t risk-free—calculate ROI carefully.
FAQ
Q: Is cloud mining profitable in 2025?
A: Yes, if BTC stays above break-even prices and you choose reputable platforms.
Q: How do I avoid scams?
A: Verify矿场 existence, use third-party矿池 checks, and research company backgrounds.
Q: Which is better: cloud mining or hosting?
A: Hosting offers higher long-term returns but requires larger upfront investment.