Free cloud mining is not very common. However, there are a few companies that offer different kinds of free cloud mining. Of course, nothing is completely free, and we will explain for you why these companies offer free cloud mining. There are different kinds of free cloud mining as well. Some companies offer free cloud mining contracts, free virtual cloud mining or free CPU cloud mining.
PLEASE NOTE THAT SEVERAL OF THESE COMPANIES ARE LISTED ON OUR DOUBTFUL CLOUD MINING LIST
Free cloud mining companies
Free cloud miner contracts
Hashocean - Hashocean is down
Bitsrapid - Bitsrapid is down
Topmine - Topmine is down
Free CPU and GPU cloud mining
Minergate
Free virtual cloud mining
Minerfarm
Bitzfree
Free cloud mining profits
The profits from free cloud mining are limited. But it´s possible to get some dollars from which you can build a cloud mining portfolio. Hashocean and Bitsrapid offer 15 KH/s cloud mining contract free and forever to every new user. That will produce profits for 30 days and after this is it will freeze until the user make one purchase. The smallest purchase is 20 KH/s which is $6. We would suggest starting slow with this company and use your profits to grow your income.
Topmine gives you 5.0 TeraX coins free when you setup an account. You use these coins to mine any currency they provide.
The other free cloud mining services will produce smaller profits. Minerfarm is like a passive bitcoin faucet where advertisement pays your profits. Bitzfree is also a bitcoin faucet game created as a virtual cloud mining company. You need to take care of your equipment. Minergate uses software that let you mine different coins with your CPU and GPU. However, this is not super productive, and you must think of it as a hobby or believe in a rise of the coin price to receive profits from this.
Free cloud mining activity
The different operators offering free cloud mining also demands different activity from the user. Hashocean and Bitsrapid are the most passive investment. The only thing you need to do is to buy a contract worth $6. With Topmine you can log in and choose what coin to mine.
Minergate is also passive but you need to setup the software and run it. This is done in 5 min. Minerfarm is also very passive, at least compare to other bitcoin faucet games. You need to login and look after your mining equipment. You might need to reboot it or buy energy for it. Bitzfree can be a passive game but the creators have invented a cool feature to activate the users. It´s possible to hack other inactive users and get their mining power.
Withdraws
There are different limitations on withdrawals from the free cloud mining services. Hashocean and Bitsrapid have the limitation that you need yo make one purchase which has been described earlier. Topmine has a minimum withdrawal of 0.001 BTC. Minergate has no withdrawal limits. Minerfarm has a withdrawal fee of 0.0005 BTC which is quite high for a faucet game. Minerfarm has no other restrictions on withdrawals. Bitzfree has a limitation of 0.0125 BTC which is even higher to be a faucet game.
Free cloud mining strategy
Our recommended strategy on free cloud mining is conservative. We, ourselves, have started small and plan to grow our profits. Our recommendation is to try the free contracts at Hashocean and Bitsrapid and make the smallest investment within 30 days. From there you can reinvest the profit. Minerfarm and Bitzfree will also give you a free deal to start. Register and start mining, reinvest your profits. With Minergate you can set up your equipment and start mining. Calculate the electrical cost and compare to the mining profit and evaluate if it´s worth it.
