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Many Bitcoin and Cryptocurrency Cloud Mining Companies are Scams
It's very easy for a cloud mining company to just take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually even owning any hardware. You need to be very careful who you choose as a partner for your cloud mining contracts. Even one of the largest and most reputable mining companies Hashflare.io just went out of business and cancelled everyone's contracts without notice keeping their money. The companies below are not scams. They are reputable companies but that doesn't mean that you will make a profit buying contracts from them. It all depends on what happens to the price of the coin you are planning on mining.
Note: You will need a good wallet to receive your payouts. Secure hardware wallets like the Ledger Nano S, Keepkey or the Trezor are good options.
Genesis Mining
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As soon as you’ve set up your account, you can start to mine your first coins using their Bitcoin cloud mining service! You can mine any cryptocurrency available in their catalogue. You will get periodic mining outputs to your designated wallet.
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Cloud mining offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware. HashFlare offers cloudmining services for bitcoin, ethereum, zcash, and dash. Their goal is to make bitcoin mining accessible to everyone regardless of where they live, how old they are, how much $ they can invest, how technical they are, or how experienced they are.
Bitcoin Mining And How Can We Mine From BitcoinData.org