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Institutional Interest Growing in Bitcoin

After the rapid decline of the cryptocurrency mining industry, cloud mining appears to be a suitable option given that you can run a full-fledged mining farm without actually any expensive equipment. Cointreat has taken a look at the top 5 most popular cloud mining websites.

5th place – Hashing 24

Hashing 24 is one of the leading Bitcoin cloud mining companies that has been on the market since 2015. The company allows its customers to adjust the capacity and duration of their mining contracts instead of offering separate packages. The company’s website had 65,780 views this March.

4th place – IQ Mining

IQ Mining differs from other cloud mining services in the sense that it automatically chooses the most profitable cryptocurrency to mine, which means that you will always be on the winning side. Once the mining session is over, all earnings are converted into BTC. In March, it collected 285,010 website views.

3rd place – Genesis Mining

Notably, Genesis Mining, which is considered to be the world’s biggest hash power provider, only had 525,450 website views in March, which puts it in third place. For comparison, Genesis Mining had 1.7 mln views back in November 2018.

Genesis Mining, which was founded in 2013, is the undisputed market leader with its mining farms located in Europe, North America, and Asia.

2nd place – HashFlare

HashFlare, one of the leading cloud mining services, got tons of bad publicity after it terminated all Bitcoin contracts back in July due to ‘a difficult time in the crypto market’. The company resumed its operations a week later, but many of its customers were still dissatisfies by newly introduced KYC/AML requirements.

With 804,930 total visits in March, HashFlare is still in second place on today’s list. However, this remains a far cry from the 2.6 mln views it had back in September.

1st place – Flex Mining LTD

Flex Mining appears to be in the lead. The company is registered in the UK as ‘FLEX MINING LTD’. Over the last month, its official website has accumulated 12.48 mln views, greatly outperforming its competitors. However, it should be noted that the website has a very high bounce rate of 80.53 percent, which means that its traffic is most probably not organic (on average, visitors only view 1.49 pages within one session).

One cannot rule out that FlexMining could be a blatant scam since it offers clients a guaranteed 10 percent daily return on their investment. It should be a wake-up call for everyone who’s considering putting their money into that platform.

Russia dominates cloud mining

We’ve also found out that Russia is the top country for four out of five cloud mining companies on the list. For instance, IQ Mining has 14.27 percent of its website views coming from Russia. Genesis Mining, the most reputable cloud mining platform, is the only exception from the pack with the US coming in first place.

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Written by Ravikash

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