Miningcheap.io is a cryptocurrency cloud mining platform. Cloud Mining enable users to mine bitcoins or alternative cryptocurrencies without managing a hardware.
This is what it says on Miningcheap.io website:
MININGCHEAP is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. As soon as you’re set up your account, you can purchase a plan, start to mine and get daily returns using our Bitcoin cloud mining service!