Cryptocurrency mining is considered a passive income job, and it is free but only if you are smart enough to make the transaction. Then you can earn money by contributing to the software that runs the cryptocurrency blockchain! While your personal computer can earn some passive crypto while you are free to do other things freely. In this review, we will share with you about different cryptocurrency mining platforms so you can earn extra passive income. Here are the Top 19 Best Cryptocurrency Mining Platforms.
Benefits of Cryptocurrency Mining
A cryptocurrency miner will be very well contracted. With a little analytical skill, you can make a passive income based on your computing abilities then, you won’t need to do anything. With a perfect loop Get- Set- Forget.
You can also be an important part of the cryptocurrency movement, as miners will be key contributors to making centralized finance a reality.
And finally, you will have veto power over any changes to the network protocol.
Mined and Unmined Cryptocurrencies
A consensus mechanism is a method to be able to approve transactions in a decentralized system like blockchain. It will assist in securing the system from possible vulnerabilities like 51% attack.
A 51% attack is a situation in which the bad guy has control of up to 51% of the blockchain. Much of this allows fraudsters to create templates of protocols to their liking. There is a consensus mechanism for decentralized power. At that time, the level of decentralization will require massive computing power along with 51% attack performance. In the end, scammers may lose more than they gain.
There are many consensus methods such as: proof of work, proof of stake, proof of competence and proof of activity.
As such, depending on the consensus mechanism, the cryptocurrency may require mining or it may be in a different way.
Cryptocurrencies are mined
Blockchains will use a proof-of-work consensus mechanism to work, in which case they use miners to be able to approve transaction entries. Whenever the transaction is verified, miners will start competing to solve the 64-digit hexadecimal number.
The first to find a solution broadcasts them to the entire network as proof of work. The winner will be awarded while the rest have to wait for the next challenge.
This process will repeat each time with a valid block of transactions. Then, a block would be nothing more than a group of transactions with a total data of 1 Megabyte.
Meanwhile, bitcoin and Ethereum are the 2 cryptocurrencies with the largest user base, using proof of work among many others. So they will test mining to consider double spending.
The only limitation of Proof-of-work is the power consumption along with the execution time for each transaction. The reason is that all miners except the final winner will waste their computing power with nothing in return.
Cryptocurrencies are not mined
All cryptocurrencies that do not use proof of work will not be mineable, such as Ripple, Cardano, etc.
They use more energy efficient methods to be able to validate transactions. Proof of Stake will be one of the consensus protocols that can replace proof of work.
The Proof of Stake platform eliminates competition. Blocks are not mined. Instead, they will be determined by the parties involved. The validator will then be selected at random. They will stake cryptocurrency to approve any block. Therefore, their deposit may be lost (partially or possibly all) if they commit wrongdoing.
While proof-of-stake is quite eco-friendly, there are some downsides to promoting cryptocurrencies more than spending.
So, from now to the not-too-distant future, mined proof-of-work doesn’t have a strong alternative.
Who can mine cryptocurrency?
Anyone with a supported wallet can mine with a stable Internet connection and powerful hardware, and it also depends on the cryptocurrency you choose to mine.
Mining can be done by an individual or it can be mined by an organization.
If you choose the solo route, you will be alone to solve the hash function, while it is the effort of the team members. Likewise, it is also based on the hardware cores you have deployed, CPUs, GPUs, and ASIC miners (integrated circuits for professional applications only).
Cryptocurrency Mining Platforms
The following sections will discuss some of the key mining platforms and utilities that make mining easy – less expensive and cutting down on a lot of technical setup.
Now let’s discuss which application is the best.
Ecos is known as an official cryptocurrency investment platform. Once you see the breadth of it in the crypto sphere, you might as well think.
It has crypto wallets, exchanges, cloud mining contracts, and crypto portfolios for investors. Besides, the platform also has a convenient mobile application. It is available on the Appstore and also Google Play.
However, their cloud mining contracts are only for Bitcoin mining. If you can create a contract from 75 USD to 50000 USD that will be worth 15 to 50 months.
Traders accept payments from cards and in several cryptocurrencies such as Bitcoin, Ethereum, XRP, and LTC.
Here, you can buy Bitmain Antminer from their own website. And it will mine Bitcoins at their mining facilities. And finally, you really have the option to have it shipped to your address in the most convenient way. They pay daily for cloud mining and storage contracts. And all the detailed stats, which you can view in detail right in your account.
Free one-month cloud mining feature that Ecos platform offers to be able to test their platform.
Meanwhile, Storm Gain is a platform for the simplest mining. In this platform there is a one-click mining process without using your local resources and the platform is completely free.
As introduced above is an all-in-one cryptocurrency platform. Then you can buy, sell, exchange and mine. At that time, the mining of Bitcoin coins was done and it was done on Storm Gain’s server.
First, for the mining to be done in 4 hour shifts. So you have to click activate miner every 4 hours. If you are not trading on Storm Gain, then the mining speed will become so slow that you only mine 0.5 USDT (~USD ) every time you mine.
Second thing, when trading you have to increase the transaction level in order to increase your mining speed. It’s worth noting, there will be six more levels beyond the starter. In it, the highest level is VIP 3 only for traders with a trading volume of 75,000,000 USDT scheduled per month. When this is the highest, you can earn free mining nearly 16,000 USD per month.
Trading, exchange and withdrawal fees are specific to the coin type only. And that coin will not receive any kind of commission.
Storm Gian will have native apps for Android and IOS. And it can also be used as a web application.
In short, StormGain is only suitable when you do it with all crypto. Once there, keep reading to know more about crypto platforms if you’re just interested in solo mining.
Slush Pool is a great platform for anyone to step into for general mining. It is one of the veteran platforms in the Bitcoin mining space and is currently mining around 3.5% of all Bitcoins.
Meanwhile, Slush Pool will charge a general fee of 2% for when you use this platform to invest. And the general fee option is 0% for a supported ASIC miner.
In addition, it has an official mobile application for both IOS and Android. And this application can be used as an account monitoring tool. Slush Pool explicitly states that you will not be able to mine using its mobile app.
The platform is 2-factor authentication, 2FA, for added security. In addition to the usual one-time passwords, you can also use FIDO 2 compatible physical authentication devices such as TREZOR or Yubikey.
The minimum payout account will be 0.001BTC but you have to pay a payment fee of 0.0001 BTC for transactions that are less than 0.1 BTC, They are similar to payments on Zcash.
Slush Pool has Bitcoin mining servers across continents such as: United States, Europe, Canada, Japan and even Singapore. And the Zcash mining servers are located in the US and Europe.
The next platform we present here is a cryptocurrency mining platform similar to Cudo Miner. And is considered a mining management utility for Windows and Linux users.
This platform can be used for free for 2 miners. After that, its paid plan kicks in, starting at just $4 per month and billed annually.
The platform also subscribes to the cloud providing mining management from anywhere and only with a connection to the Internet. This service will start at 4 USD per month, and will be billed annually for ten miners. This service has a one-month shelf life if you have less than 400 mining rigs.
In addition, there are plans that monthly will be a bit more expensive than the annual plans.
The platform seems to be a great solution for huge mining farms, it has rich documentation and help sections that can assist users in any way possible.
This is the most accessible BTC mining platform we have seen and experienced. The platform is accompanied by the smoothest user interface which makes it possible to join and start mining in seconds. When it does, the best thing is that their control panel works; Your earnings will change every minute.
The platform’s rise to prominence is mainly possible due to its strategic partnership with ViaBTC and more prominent players in the mining industry. Such strategic partnerships will secure their foothold in the field of remote Bitcoin mining.
On this platform we recommend it, because when you buy it you become the sole owner of the hardware then you don’t have to worry about the availability of computing power. Hosting your hardware in the data center helps you achieve more uptime, efficiency, and no downtime for maintenance.
Once there, they accept quite a few crypto payment methods such as USDP, USDT, DAI, etc. The added benefit of being able to add those coins on the network like Ethereum, Binance Smart Chain, and TRON. Zionodes has data centers across North America, South Africa, Europe and Russia.
What’s more, if you plan to order in bulk from the counter, you will be able to make payments with just a few clicks and use Meta Mask USDT, ERC tokens.
All in all, Zionodes will be a better alternative to various cloud mining platforms because it is operated on remote mining modules where you are the owner of the miner and freely operate it according to your arrangement.
Bitfly is a place where you can mine six cryptocurrencies: ETH, ETC, ZEC, BEAM, RVN, ERG. While each has a different domain name and specific instructions with the currency for you to set up.
This platform will charge 1% no matter how much you mine. When it does, it will have 3rd party applications for monitoring support on both Android and IOS.
Bitfly will have specific configuration instructions depending on the operating system, graphics card and coin.
Once you have clicked start mining then it will take you to server details and mining software options. Then you just need to download your favorite mining utility and can set up your mining software to get started.
The platform has servers located in Europe, Asia, and the United States.
Butfly prides itself on instant payments. The platform also has a name Discord, a place where knowledge about fellow miners can be shared. This can be useful if you use mining space.
Crypto Tab . Browser
This will be a unique concept so you can mine crypto while browsing. Once there, it will have a built-in mining feature.
Crypto Tab Browser promises to convert automated algorithms to increase profits.
Likewise, the platform also ensures that there won’t be overheating or battery drain when browsing with its internal browser.
It will redeem all rewards in Bitcoin. Once there, the minimum payout listed is 0.00001 BTC. You can earn with your mining hardware as well as can get commission for referrals.
This browser is pre-programmed in Windows, Mac, Android and IOS.
This is recommended for non-techy users, with minimal interest in cryptocurrencies.
One modern website reads: “Stable Revenue Means Predictable Crypto Mining.”
You can mine ETH, ETC, BEAM along with Ravencoin on Crux pool. And they are adding new coins once we cover this.
Once you visit their mining page, they only show two mining pools, ETH and ETC.
These two sections are considered to be the largest of the pools they have. However, the help section shows 2 mining pools Beam and RavenCoin.
Crux pool will charge a pool fee of 1%.
Their guide is very neat, very helpful and detailed in mining Ethereum and Ethereum Classic. Will support different operating systems (Windows and Linux).
– With minimum payouts of
Ethereum – 0.01 ETH
Ethereum Classic – 0.1 ETC
Raven Coin – 50 RVN
Beam – 1 BEAM
With this platform you can mine them here with 14 cryptocurrencies.
One good thing about this crypto platform is that you don’t need to pay any payment fees like Slush Pool.
The general mining fee is 1%
You can find instructions by clicking get started for each cryptocurrency.
You can directly find the appropriate miners and files from this section.
Similarly, you will download detailed instructions for every cryptocurrency to set up mining with HashCity.
They already have a HashCity app for Android and a Telegram channel for team members.
Regarding this platform, Coinfly is different from others in that they provide a cryptocurrency operating system (COS). No need to set up mining. Because they don’t have their own separate mining pool. Instead, they will provide connections to other groups.
To be able to get started with Coinfly, you need to create a bootable, USB device on your mining rig.
At the moment, Coinfly does not charge any fees for its services. So this is a good opportunity for you to try their unique service for free.
Coinfly can only connect you with other groups because of this, other payments will be reserved for groups you join.
This is considered the most complete swimming pool / service that we have evaluated so far. But for this site it can be overwhelming for a new miner.
This is considered a hash rate market, with crypto mining utility and crypto exchange portal combined as one.
Exploiting them is not easy if you use Windows 10.
And NiceHash, there will be two options for you to either use their in-house mining app: NiceHash Quickminer or you can use any 3rd party mining app with NiceHash Miner
Depending on the hardware – CPU/GPU or ASIC – you will likely find detailed instructions for getting started mining them.
NiceHash OS (NHOS) is considered similar to what we have on COS with Coinfly. You can then connect unlimited and free mining rigs to NHOS. This will be an added benefit over COS, they will start charging when they exceed 4 rigs.
NiceHash is compatible with some F2 Pool, SlushPool, 2 MIner,..
NiceHash also has mobile apps for both Android and IOS.
Easy BTC Mining
Easy BTC Mining is an application that provides a cloud mining experience that will allow you to buy a certain amount of hashes for the duration of the contract.
To do this process it is necessary to register by email and sign a contract to start mining Bitcoin. Once there, the minimum payout will be 0.0001 BTC and their platform guarantees instant and automatic payments.
The platform will support BTC, ETH, and LTH mining
ZHash.pro will provide pool mining service with 0% fee
The coins you can mine on this platform are ZEC, ZEN, BTG and TENT.
Mining process on this platform is very easy and they will not need any registration. Then, one only needs a supported wallet and can choose a server. Then configure the mining software and done.
The servers that mine the platform are in Europe, Asia, and the United States.
Detailed instructions will be available with all 4 pools by mining hardware.
In addition, they also have a Discord channel so they can get support from the same group members.
Given the size of the team, at least when it comes to discord, it looks like there are only 89 members online compared to Ethermine, which has 7,371 members online on the same platform.
However, small groups are not necessarily a bad thing, when there are larger payouts than large groups. But it seems that the probability of finding a block seems to be less than subgroups because the hash rate of the pool is smaller.
In order to be able to eliminate bad ZHash.pro problems, you should see the list of recent payments for each group.
On this platform, the minimum payouts are 0.01 ZEC, 0.1 ZEN, 0.05 BTG and 0.5 TENT.
K1Pool has the option of a standalone mining experience. You can find each block and keep the entire reward that belongs to you.
Standalone mining is only recommended when you have a powerful piece of hardware or can be mining cryptocurrencies with the least amount of network difficulty.
You can mine up to 16 cryptocurrencies with this platform. Servers are located in China, Europe, and the United States.
Once there, you have to create an account yourself to get started. Then you configure by hardware location and server.
Alternatively, you can also mine with Hashrate, purchased at Nicehash. Then they will have their own control panel for that.
They will have a download section for almost all major mining software. Their download portal helps them choose the best mining software according to the mining algorithm.
Each such pool will include important information about that particular pool, such as minimum payouts, pool hash rate, and payment frequency.
In addition, they have a discord and electric channel so they can get any help from their team members. Based on the number of heads of the discord channel, K1 Pool also seems new to the field. mining area.
Even so, the user interface is clean and informative to help newbies – this is something worth a try.
MinerGate has up to 7 active mining pools to get you started. You can mine ETH, XMR, LTC, ZEC,..Promising a one-click mining process.
The platform also has an in-house mining app: MinerGate XFast, which is said to be the fastest in the mining industry. It supports mining 5 types of coins. For the rest mining servers will be configured manually.
The process is quite simple when getting started. You can browse their team section and can select your preferred group which links to app downloads or server details.
MinerGate will charge a team fee of up to 1.5% which will depend on the cryptocurrency and the reward system. The platform also has a MinerGate controller app for Android.
Simplemining is like Coinfly in that it also has a mining operating system.
Therefore, you will be able to use their free service with a mining rig for 30 days.
The user interface is simple enough with useful information to get started.
People can also sign up with them and deposit an amount to be able to continue using their service after your trial period.
This platform provides cryptocurrency mining software solutions.
The Cudo Mining Platform makes mining automated with a minimal manual configuration. The platform prides itself on being able to manage 100,000 mining rigs and ASIC miners with a single platform.
When it does, it will have a coin conversion feature that follows a most profitable algorithm so it can be mined to get the best profit.
They also have specialized CudoOS for dedicated mining rigs. At that time, the setup will be similar to mining operating systems.
You will be able to mine 9 coins so far more than 100 cryptocurrencies with manual configuration.
The platform also has a digital channel with more than 6.5 thousand members. The user interface is great and there will be a lot of articles to help you with cryptocurrency mining.
They have a commission-based pricing model so there are no upfront fees. The software is available for major desktop operating systems, including Windows, LINUX and MAC.
BetterHash is an automated miner specific to Windows OS at the moment. It will detect your hardware and choose the best algorithm to get maximum profit.
With BetterHash, you will be able to mine 9 famous cryptocurrencies such as BTC, ETH, XMR, ZEC.
The platform will have two mining modes, manual and profit conversion (automatic).
Although there is no mining fee, there will also be a withdrawal fee for Bitcoin (for non-Coinbase accounts) and FIRO.
Yieldnodes is a cryptocurrency mining platform that brings profits to consumers through the Masternoding matching algorithm
The currencies that Yieldnodes allows to invest are fiat currencies USD, GBP, EUR,…You can do this through payment methods, including Visa, credit/debit card, Mastercard and Bank Transfer.
After you have transferred the money to your bank, the platform will exchange and make the investment for you.
Above is all about the 19 Best Cryptocurrency Mining Platforms that we have listed above. Cryptocurrency has now become a term that anyone can hear and know when it comes to it. Cryptocurrency mining is currently at an all-time high. There are now countless cryptocurrencies mined to help technical novices as well as professional miners. Above is the statistics of passive electronic money making platforms for you. If you find this article interesting and useful, follow us so that we have the motivation to share more good articles about money. more electronic.