Crypto
7 Best Free Cryptocurrency Cloud Mining Platforms of 2024
SPONSORED POST*
Want to mine Bitcoin but don’t have the best cloud mining gear? Bitcoin cloud mining is a popular solution,In this blog post, we will explore the top seven free cloud mining platforms that can help you start your journey towards financial freedom. Discover how you can leverage technology to earn money effortlessly with cloud mining in 2024!
Cloud Mining vs Traditional Mining – Key Differences
The fundamentals of cloud mining and traditional mining are the same. The objective is to solve complex cryptographic equations to earn blockchain mining rewards. However, there are some key differences between the two:
Traditional mining – allows you to keep 100% of your mining rewards without going through a third party. Instead, you’ll be connecting a specialist hardware device to your own local network. However, it comes with significant cost implications. For instance, if you’re looking to make a profit by mining Bitcoin, you’ll need a significant capital outlay to buy specialized hardware devices. These are usually not just one, but enough to generate sufficient levels of hashing power.
Cloud mining – eliminated the worry about energy costs, as this is taken care of by the provider and deducted from your return on investment. You also won’t need to invest significant sums in buying an entire mining rig. Instead, you’ll simply need to cover the cost of the hashing power contract.
Top 7 Free Cloud Mining Platforms
Are you looking to dip your toes into the world of cloud mining without having to invest a significant amount upfront? Look no further! Here are the top 7 free cloud mining platforms that can help you kickstart your passive income journey.
Site Name
Supported Coins
Payout Frequency
Major Features
GDMining
BTC, ETH, LTC, USDT
Daily, anytime withdrawal
Variety of contracts, no hidden fees, $50 signup bonus, global presence
Binance
Bitcoin, Litecoin
Every 8 Hours
Secure, quick payouts
ECOS
Bitcoin, Ethere
Daily
Secure, focused on Bitcoin
Hashing24
Bitcoin
Daily
Secure, focused on Bitcoin
F2Hash
Bitcoin
Daily
User-friendly, transparent, secure
BitFuFu
Bitcoin
Daily
No hidden fees
IQ Mining
Bitcoin,Ethereum
Daily
User-friendly
- GDMining: GDmining offers efficient and accessible cloud mining solutions for cryptocurrency enthusiasts. By leveraging advanced technology, GDmining provides a hassle-free way to mine a variety of digital currencies without the need for expensive hardware or in-depth technical knowledge.
Key Features
- Cloud Mining: Start mining cryptocurrencies without the complexities of setting up your own hardware.
- Multiple Cryptocurrencies: Mine popular digital currencies like Bitcoin, Ethereum, and Litecoin.
- User-Friendly Platform: Navigate an intuitive interface designed for both beginners and experienced miners.
- Flexible Mining Plans: Choose from a variety of plans to fit different budgets and mining goals.
- Real-Time Monitoring: Access real-time statistics to monitor your mining performance effectively.
How to Get Started with GDMining：
①Sign Up: Visit the GDMining website and sign up using a valid email address. New users receive a $50 bonus immediately upon successful registration.
②Choose a Contract: Browse the available cloud mining contracts and select the one that suits your investment level and goals. Contracts vary in price, duration, and daily rewards, providing options for all types of investors.
③Start Earning: Once a contract is purchased, daily profits are automatically deposited into the user’s account. Withdrawals are processed promptly with no fees, and users can choose their preferred cryptocurrency for withdrawals.
Trending Contracts：
GDMining offers a variety of contracts to meet different investment needs. Some of the popular options include.
2. Binance
Binance emerges as a premier choice for short-term cloud mining, offering 90-day contracts exclusively for Bitcoin. The process is straightforward, requiring a Binance account, which takes less than a minute to open. While Binance’s Bitcoin cloud mining is renowned for its simplicity and daily payouts, there are some considerations regarding minimum requirements and estimated outputs displayed exclusively in Bitcoin, potentially adding complexity to the investment decision.
3. Ecos
Founded in 2017, Ecos has earned its reputation as a trailblazer in the cloud mining industry by being the first provider to operate with legal status. With over 250,000 users, Ecos offers a reliable and legitimate platform for mining various cryptocurrencies without the need for specialized equipment.
4. Hashing24
With a decade of operational excellence, Hashing24 has emerged as a stalwart in the Bitcoin cloud mining domain, specializing in Bitcoin mining. Boasting active mining farms across Canada, Georgia, Norway, and Iceland, Hashing24 offers user-friendly features and displays all contract terms in US dollars or euros, simplifying the assessment of potential returns.
5. F2Hash
Launched in 2021, F2Hash has swiftly become a notable player in the cloud mining arena, offering tailored plans for both large and small-scale investors. With diverse options like the Enterprise Flash Plan, Pro Flash Plan, and the entry-level Explorer Plan, F2Hash aims to cater to a wide range of investment preferences.
6. BitFuFu：The BitFuFu platform has over 17 mining farms spread across the globe with millions of users. It offers a user-friendly one-click order or more customizable contracts where you will need to do a little technical analysis.
7. IQ Mining: IQ Mining is a leading cloud mining service provider that combines mining with trading to optimize returns. It offers a seamless and efficient way for users to mine a variety of cryptocurrencies without the need for expensive hardware or technical expertise.
Conclusion：
The primary objective of cloud mining is to earn passive income. As soon as you purchase your chosen mining contract – you can sit back and allow your money to work for you. There is no input required from you at all. and GDMining is the best option to achieve this goal.Join GDMining now and witness your income rapidly grow in 2024!
For more information, please visit the official website:https://gdmining.com/.
*This article was paid for. Cryptonomist did not write the article or test the platform.
Crypto
Rumors are swirling about Venezuela holding $60 billion in Bitcoin—but crypto experts are skeptical | Fortune
Following the United States’ capture of Nicolás Maduro over the weekend, a report came out claiming that Venezuela had $60 billion stored in Bitcoin—leading to speculation that the U.S. could lay claim to cryptocurrency as well as oil. Despite numerous reports of the huge Venezuelan Bitcoin stash, however, a crypto forensic firm is skeptical of the claims.
The news of Venezuela’s Bitcoin holding began to bubble up last Saturday, the same day that Maduro was ousted. The digital publication Project Brazen reported that his regime could control $60 billion in the original cryptocurrency—but offered little in the way of proof.
“The article does not mention any addresses as a starting point, making it difficult to verify any of these speculated claims,” said Aurelie Barthere, principal research analyst at Nansen, about Project Brazen’s report.
Barthere is not the first person to express skepticism about the country’s purported crypto treasure trove. Mauricio di Bartolomeo, the Venezuelan co-founder of the financial services company Ledn, told Fortune on Wednesday that the level of the country’s corruption makes the figure hard to believe. He expanded his argument in an opinion piece he wrote for Coindesk.
Estimates of Venezuela’s crypto holdings vary wildly. Bitcointreasuries.net estimates that the country has $22 million worth of Bitcoin. That figure would make Venezuela the government entity with the ninth-most money tied up in the original cryptocurrency, just behind North Korea.
While the exact size of Venezuela’s Bitcoin wealth is unclear, the country has long been a player in crypto. Maduro introduced a token called the Petro in 2018, which was shuttered six years later. Its citizens have also turned to stablecoins as a way to fight their currency’s hyperinflation.
Trump has said that he will “run” Venezuela, and some have speculated that includes seizing the country’s Bitcoin holdings. Andrew Fierman, head of national security intelligence at Chainalysis, said he could not speak to the likelihood of such a seizure. He did, however, explain what gaining control of assets might look like.
A freezing of assets could occur through centralized services, he says. These services would get a court order for an exchange or an issuer like Tether or Circle who could blacklist an address. The second method is through physical seizure. The U.S. could get control of wallets, devices, and keys through compelled cooperation.
For now, there is unlikely to be a full and accurate account of Venezuela’s Bitcoin holdings until the political situation in the country becomes more stable.
See Wreaths Across America 2025 at St. Augustine National Cemetery
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Ben McKenzie will receive a Career Achievement Award at the St. Augustine Film Festival Jan. 10 prior to the screening of his documentary, “Everyone is Lying to You for Money.”
The former star of “The OC” wrote, directed and produced the film while writing his New York Times bestseller “Easy Money,” which spotlights cryptocurrency as a large-scale scam.
Working in collaboration with journalist Jacob Silverman, the film includes interviews with currently jailed cryptocurrency industry leaders and celebrities now facing trials for misleading the public on the value of cryptocurrencies as virtual money.
Sporting degrees in economics and political science from the University of Virginia, McKensie traveled to El Salvador – also known as Bitcoin city – and London’s banking district to showcase fraud perpetrated by Alex Mashinsky, the founder and CEO of Celsius Network, who was sentenced to 12 years in prison for one count of commodities fraud and one count of securities fraud.
New York prosecutors accused Mashinsky with deceiving clients about the company’s finances and manipulating the price of Celsius’ token, which caused billions of dollars in losses.
The movie also includes interviews with individuals who were part of the scam before it collapsed, McKensie’s testimony before Congress following the arrest of Sam Bankman-Fried and his trip to El Salvador.
“I turned the cameras on to document the difference between the marketing campaign and the reality of what was happening on the ground,” he told the St. Augustine Record. “Cryptocurrency was perpetuated by a very small number of people who made a lot of money in an industry rife with fraud, corruption and criminal activity.”
McKensie underscored the film as an unusual comedy that he’s deeply proud of.
“The film highlights the idea of avoiding intermediaries as appealing, but creating a currency that bypasses a banking system would never work,” he said. “The idea of investing in this obtuse thing that was hard to understand evolved/metastasized to exhibit the worst parts of our current system.”
McKensie described the “command tactic” of the get rich scheme as a con man tactic that lured people in as Bitcoin emerged during the wake of a financial crisis.
Bankman-Fried, the founder of the FTX cryptocurrency exchange, was eventually convicted of wire, securities and commodities fraud along with money laundering and conspiracy and sentenced to 25 years in prison.
McKensie’s involvement was born and bred from COVID, “when I had time on my hands to check the financial markets.”
“I’m not an economist, but I love theory and behavioral economics,” he said. “I especially love the writings of the Nobel Prize winning economist Robert Schiller, who talks about things that were applicable to crypto that naturally occur in Ponzi schemes.”
Convinced that no one was monitoring the “price of a speculative asset rising far beyond what it was worth in terms of practical use in the real world,” McKensie turned to social media as a platform to show that “crypto was getting out of hand.”
Posts connected him to Silverman and together they worked on reporting on the ill-fated concept. It didn’t take long before a book proposal landed on his desk.
“Then it was off to the races,” he said.
“I’ve met a lot of really interesting people I never would have met if not for the book,” he said. “I’ve never done anything like this before so I’m really glad I did.”
McKensie said that Greg von Hausch, co-founder of the SAFF, was persistent in adding “Everyone is Lying to You for Money” to the festival.
While the success of the book and the film remain paramount to an actor who hedged his bets in New York because of his love of “the art,” the Texas native has a long and successful acting resume that includes stints on Broadway for “Grand Horizons,” which received a Tony nod for Best New Play, an appearance in “Junebug” with Amy Adams and one in “88 Minutes” starring Al Pacino. Other film credits include the indie film “Johnny Got His Gun” and “Some Kind of Beautiful” with Pierce Brosnan and Salma Hayek.
Other film credits include “Decoding Annie Parker” opposite Helen Hunt and a starring role in the short film “The Eight Per Cent of the 2009” shown in New York’s Tribeca Film Festival.
In 2009, he returned to series television in “Southland,” portraying a patrol officer in Los Angeles. McKensie also starred as Detective James Gordon in the series “Gotham,” detailing Gordon’s rise in Gotham City before Batman’s appearance.
McKensie made his directorial debut in Season 3 of “Gotham” where he met his then co-star and now wife, Morena Baccarin, who is the mother to his two children. The family resides in New York.
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