Best Bitcoin Mining Sites
Unless you are looking to invest tens of thousands of dollars into specialist hardware and electricity consumption – you likely won’t get rich from Bitcoin mining. For a low level of passive income, however, there are now a number of leading cloud-based sites that enable you to mine Bitcoin without needing to purchase any ASIC kits or consume vast amounts of energy and power.
Instead, it’s just a case of investing some money into an allocation of mining hash rate or power remotely. In this guide, we compare the best Bitcoin mining sites online and whether or not this niche market is worth it.
The Best Crypto Mining Platforms Reviewed
When searching for the best crypto mining platforms, you first need to ensure that your chosen provider is legitimate – as there are many scam artists operating in this space.
You then need to explore what coins the platform allows you to mine and what setup costs you will need to meet. Then, be sure to assess what fees apply and how much you can earn in terms of the ROI.
Taking the aforementioned metrics into account, below you will find reviews of the overall best Bitcoin mining sites to consider today.
- Shamining – Overall Best Bitcoin Mining Site
When it comes to reputation, profitability, and fees – Shamining is arguably the best Bitcoin mining site. This platform is a cloud mining site, which means that you can earn a passive income without needing to actually buy any hardware equipment or consume vast amounts of electricity. Instead, you will be renting a Bitcoin mining rig remotely.
This perhaps sounds more complex than it actually is. After all, in order to get started on the Shamining platform, it’s just a case of registering an account and deciding which Bitcoin mining farm you wish to invest in. Then, you can start generating income by making a deposit to pay for your crypto mining contract.
The minimum deposit required at this popular Bitcoin minimum site is just $250.The platform notes that the average income multiplier is 1.43x, so this means that for every $1,000 invested – you can walk away with the crypto-equivalent of $1,430. We like the fact that Shamining has been around since 2018 and that it has been used by over 70,000 people.
Shaming offers a variety of contracts that you can choose from – each of which comes with various minimum investment requirements and lock-up terms. With that said, if you’re unsure which contract is right for you – Shamining offers a useful calculator that allows you to assess what ROIs are available based on the amount you invest.
When it comes to fees, charges are built into the ROI that you see. As such, this makes it easy to assess your crypto mining profitability levels. We like that Shamining enables you to cash out your proceeds whenever you like, albeit, you must wait for the respective contract to settle. You also have the option of reinvesting your profits to benefit from compound interest.
What We Like:
Overall best Bitcoin mining site
No requirement to buy specialist hardware
Minimum investment is just $250
Established in 2018
An average multiplier of 1.43x
- ECOS – Great Crypto-Mining Site for Custom Contracts
ECOS is home to an extensive crypto ecosystem that covers a variety of products and services. In addition to cloud mining, ECOS also offers a secure wallet and a leading crypto exchange. You can get started with this platform online or via the iOS/Android app. We like ECOS for its customization tools, which allow you to create a Bitcoin mining contract that meets your requirements.
For instance, you can set parameters linked to the contract duration and price. You can even state what price you believe Bitcoin will be when your custom mining contract expires, which allows you to get a clearer idea of the potential ROI on offer. In terms of profitability yields, this will ultimately depend on the contract that you create.
As a prime example, let’s say that you opt for a 36-month contract and you believe that Bitcoin will be worth $60,000 when it expires. In this scenario, your RIO would amount to 99%. We also like that ECOS breaks down your profits on a daily, monthly, and annual basis.
Using the same parameters and based on an initial investment of $5,000 – this would yield $278 per month in passive income. In terms of supported markets, just like Shamining, you can only engage in Bitcoin mining. Nonetheless, another benefit of using ECOS is that the platform offers real-time customer service via a live chat facility.
What We Like:
Create a custom mining contract to meet your ROI requirements
Profits are broken down on a daily, monthly, and annual basis
Great mobile app
The minimum contract value is just $150
- GMINERS – Average Bitcoin Mining Yield of 150%
Next up on our list of the best crypto mining sites is GAINERS. In a similar nature to both Shamining and ECOS, GMINERS is a cloud mining platform that specializes exclusively in Bitcoin. As such, if you’re looking to mine other digital currencies like Ethereum or Dogecoin, you will need to consider another provider.
Nevertheless, this Bitcoin mining site offers an average ROI of 150% – which is very competitive. In order to get started, you will need to register an account and meet a minimum deposit of $250. You will then have a number of Bitcoin mining contracts to choose from – each of which come with a minimum term of one year.
We like GMINERS for the ease with which you can keep tabs on the value of your Bitcoin mining operations. This can be achieved via your smartphone, tablet, or desktop device. When it to comes fees, you won’t be charged anything to set your account up. You will, however, be charged a contract fee of $0.0120 per 1 GH/S.
What We Like:
An average ROI of 150%
The minimum investment is just $250
Very clear on contract fees
No fees to set up an account