Do you want to know what cryptocurrency brings about the biggest profit when mined? Despite the popularity of BTC and ETH, one of the best ways to get more revenue from mining is to use a trusted Zcash cloud mining service.
You will agree that Zcash is not that popular as other cryptocurrencies, but it does not mean that it is impossible to earn money on its mining too.
Look: the least challenging way to mine Zcash is to choose a reliable cloud mining platform.
This article will focus on the best cloud mining services of this year to farm Zcash.
What is Zcash Cloud Mining
To understand the notion of ‘Zcash Cloud Mining’ it is necessary to divide this phrase into two parts.
Zcash is a cryptocurrency developed by Zerocoin Electric Coin Company, which provides enhanced privacy and selective transparency of the transactions.
Cloud mining is a process of renting the mining capacity of hardware for farming altcoins and getting profits. Consequently, Zcash Cloud Mining is the process of mining Zcash altcoins using rented hashing power. The algorithm of Zcash mining is called EQUIHASH.
Why Zcash Cloud Mining is Better than Hardware?
Zcash cloud mining has a certain number of benefits over hardware mining:
- No issues connected with electricity, hosting, heat, installation, and maintenance of the hardware.
- Silent and peaceful operation at any time of the day.
- Access from multiple devices and any place.
- No need to sell equipment when Zcash mining is unprofitable.
- Immediate start of the mining process, no need to wait for equipment and delays.
- Regular payouts.
- Affordable prices.
5 Trusted Zcash Cloud Mining Sites
If you have found out what Zcash cloud mining is and appreciated all its benefits, it is time to learn where you can mine Zcash using rented hashing power securely and avoid fraud. Our experts have come to the conclusion that the top 5 best Zcash cloud mining services look in the following way.
IQ Mining
- Headquarters: London
- Founded in: 2016
- Minimal Investment: $17
- Accepted Payment: MasterCard, VISA, Bitcoin, Ethereum, Litecoin, and other digital currencies.
| Pros | Cons |
|---|---|
| ✅Daily payouts ✅Affordability ✅Simple mining process suitable for beginners ✅Free registration ✅Fast withdrawal |
⛔Low hash rate leads to long-term investment return ⛔Lack of transparency. |
IQ mining is a popular cloud mining platform which offers Equihash algorithm in particular. It allows farming Zcash simultaneously with other altcoins. This platform offers 4 types of contracts: three terminated ones (for 1, 2 and 5 years) and a lifetime one.
The minimum hashrate for mining Zcash is 0.6 kSol and the maximum is 3 kSol. The everyday maintenance fee of every 1 kSol/s is $0.07. The contract price starts from $67 per 1 kSol and increases according to the number of kSol reaching $537 for a lifetime contract with a maximum hashrate.
The website indicates that the potential income is 120% a year and all the profit is automatically exchanged for Bitcoin and paid out in this cryptocurrency every day. IQ mining offers multiple withdrawal methods At the moment, Zcash mining contracts are out of stock but they will soon be available again.
Hashflare
- Headquarters: Estonia
- Founded in: 2014
- Minimal Investment: $1.2
- Accepted Payment: Bitcoin, BitCoin cash or Ethereum, credit/debit cards, bank wire transfers
| Pros | Cons |
|---|---|
| ✅Instant connection and withdrawal ✅Detailed statistics ✅Pool allocation ✅Fixed fees |
⛔Fees for bank transfers ⛔Inability to withdraw funds for two weeks after changing a password or adding other wallets |
Hashflare is an independent company which offers cloud mining solutions rented from such leaders of the market as Bitmain, Bitfury, Inno3d, and others. The number of miners has exceeded 2.5 million people on this platform and it offers to farm such several altcoins and Zcash is among them too.
Zcash mining is performed using Equihash algorithm. The minimum hashrate power is 1 H/s. The maintenance fee is absent and the cost of 1 H/s is $1.40. The contract is signed for 1 year while all the profits are paid out in ZEC. The contract can be purchased in BitCoin, Bitcoin Cash and Ethereum as well as a credit or debit card. The platform also offers a reinvest and referral program for its users.
CCG Mining
- Headquarters: London
- Founded in: 2016
- Minimal Investment: $50
- Accepted Payment: Bitcoin and Payoneer, Western Union, Bank cards
| Pros | Cons |
|---|---|
| ✅Minimum investments ✅Simplicity and transparency of the mining process ✅Possibility of fiat deposits |
⛔High maintenance fees ⛔Unreal profit calculations |
CCG mining platform is owned by CCG International Limited Company which owns 6 data centers in different countries. Zcash is one of several altcoins to mine on the service. There are 1 and 2-year periods to sign up three basic contracts. The first one is called Mini and costs $27.99 per the hash rate of 20 H/s. A Starter contract has a much higher hashing power of 250 H/s and costs $349.99. The third and the most popular contract is entitled Pro since it offers a hashing power of 2,600 H/s for $3,700.99. Maintenance fee is absent in every contract. Moreover, you can create your custom contract for $1.38 per 1 H/s. The service offers the reinvestment feature and has round the clock customer support to answer any questions of the clients.
Genesis Mining
- Headquarters: Iceland
- Founded in: 2014
- Minimal Investment: $30
- Payment Methods: MasterCard, Visa, Bitcoin, Litecoin, Ethereum, Dash
| Pros | Cons |
|---|---|
| ✅Multi-algorithm support ✅Powerful mining systems ✅Allocation freedom ✅Security and privacy |
⛔No mobile version |
Genesis Mining is a trusted company with data centers located in Iceland, the country with ones of the lowest prices on electricity. It offers to mine alternative cryptocurrencies and pays out profit on a daily basis.
Zcash mining is available on the platform by buying one of three contracts. All of them are purchased for 2 years and do not require maintenance fee. A Starter contract offers a hash rate of 200 H/s and costs $530. The Advanced contract hashing power is 1,000bH/s which can be bought for $2,600, while the highest profit of about 60% annually is provided by the Professional contract estimated at $7,650 and offering a hash rate of 3,000 H/s. The platform offers to create a custom Zcash mining plan if none of the existing contracts meets your requirements and mine altcoins on the platform with the biggest number of positive reviews.
NiceHash
- Headquarters: Slovenia
- Founded in: 2014
- Minimal Investment: 0.005 BTC
- Accepted Payment: BTC wallet, Coinbase or Payeer
| Pros | Cons |
|---|---|
| ✅Reliable ✅Algorithms switch between each other automatically ✅No contracts ✅The choice of the pool |
⛔Not suitable for long term investments |
NiceHash is an integrated platform for connecting sellers of hashing power with buyers who require it. The service works on the basis of sharing economy approach.
You will not find standard contracts in NiceHash since you choose the pool for mining yourself. According to the official website of the service, Zcash prices for one day of mining at the hashrate of 0.60 MSol/s will cost you minimum 0.0050 BTC or $52.23.
How to start mining on such a platform? Since you buy a hashing power of one of the sellers, you need to register an account and make a deposit, add a mining pool to provide you with the hashing power, make a bid and place the order and monitor the activity of the marketplace and success of your order.
How to Buy Zcash Cloud Mining Contract
When it comes to the standard cloud mining services which allow renting hashing power produced by their own data centers or rented in other companies, the process of purchasing a contract is very simple and consists of the following steps:
- Register on the cloud mining service selected.
- Choose Zcash coin or Equihash algorithm for mining.
- Decide which contract meets your expectations and select it.
- Transfer money via one of the payment methods accepted by the platform.
- Get your contract activated and start mining Zcash.
Zcash Cloud Mining Profitability
The only way to understand whether mining Zcash using one of the contracts provided by the services is to use a profitability calculator. Since every platform has its own contract price, hashing power rate, payback period, it would be reasonable to evaluate the mining profitability of every service.
However, it is worth mentioning that Zcash mining profitability has been confirmed in many reviews.
Experienced miners can get dozens of dollars for 1 ZEC coin, but it is important to choose the right services for this purpose. Moreover, you must be aware of the fact that Zcash payback period is one of the shortest, so you can get your investment back and start earning on mining faster than with other altcoins.
Conclusion
Zcash mining is very popular nowadays so many platforms cannot cope with the number of orders applied for mining this altcoin. However, the main drawback of cloud mining is fraud, so the choice of the mining platform is a very important factor. This top of the best Zcash hash mining platforms has been checked by time and thousands of users, so there is no need to doubts their reliability.