Bitcoin Mining Pools Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool or buy bitcoin. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime. Finding a good mining pool is important because its going to save you money. Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment. There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~65% of the network hash rate: This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be used to send your mining rewards and payouts. Our guide on the best bitcoin wallets will help you get a wallet. Read the full guide. The list below details the biggest Bitcoin mining pools: We strongly recommend new miners to join Poolin or Slush Pool. F2Pool is based in China. It mines about 10% of all blocks. Antpool is a mining pool based in China and owned by BitMain. Antpool mines about 17% of all blocks. ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners and mines about 13% of all blocks. Poolin is a public pool which mines about 13% of all blocks. They are based in China, but have a website fully available in English. Binance Pool is a fast growing pool owned and operated by Malta-based exchange Binance. Binance is already one of the largest crypto exchanges on Earth and they are moving aggressively to expand their reach in mining as well. BTC.com is a public mining pool that can be joined and mines 9% of all blocks. We strongly recommend joining Slush Pool or Poolin instead. Huobi.pool is a Chinese based mining pool accounting for 2% of all mining. Foundry USA is (you guessed it) a US based pool owned by German blockchain company Foundry Digital. They account for 9% of all hashing power. Slush Pool was the first mining pool and currently mines about 5% of all blocks. Slush is probably one of the best and most popular mining pools despite not being one of the largest. This is a Japanese pool that currently mines about 2% of the blocks. Buying bitcoin with a debit card is the fastest way. We highly recommending using Skrill whenever possible. The comparison chart above is just a quick reference. The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example. Mining hardware is specialized computers, created solely for the purpose of mining bitcoins. The more powerful your hardware is–and the more energy efficient–the more profitable it will be to mine bitcoins. *BuyBitcoinWorldwide.com averages prices from various online sources. Actual prices may vary depending on seller. Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet. You will also very likely need an ASIC miner, since GPU mining will likely never be profitable again going forward. Many people read about mining pools and think it is just a group that pays out free bitcoins. This is not true! Mining pools are for people who have mining hardware to split profits. Many people get mining pools confused with cloud mining. Cloud mining is where you pay a service provider to mine for you and you get the rewards. If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Get $10 worth of free bitcoins when you buy $100 or more at Coinbase. Bitcoin mining tends to gravitate towards countries with cheap electricity. As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power. With many of these companies in the same country, only a small number of countries mine and export a significant amount of bitcoins. Unless you have access to very cheap electricity, and modern mining hardware then mining isn’t the most efficient way to stack sats. Buying bitcoin with a debit card is the simplest way, but we also recommend using a payment network like Skrill or Interac e-Transfer or use a bank transfer such as SEPA when available. To buy bitcoin in your country or state, check our guides! A few of our most popular are listed below! …or visit our exchange finder if your country is not listed above. China’s mining pools mine the most bitcoins even though the actual mining hardware may be located in a different country. Until recently even the mining hardware was located in China because the electricity in China is very cheap. It was even rumored that some Chinese power companies pointed their excess energy towards Bitcoin mining facilities so that no energy goes to waste. All of this has changed since the Chinese government has banned crypto mining within the country. Still China is home to many of the top Bitcoin mining pool companies: It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins. Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins. The countries above mine about 80% of all bitcoins. The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush (Czech Republic) and Eligius (US). While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself. There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool. Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing. To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail.com. The size of mining pools is constantly changing. We will do our best to keep this post up-to-date. If you cloud mine then you don’t need to select a pool; the cloud mining company does this automatically. Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin would be vulnerable and easy to attack. However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware. These warehouses usually direct their hashing power towards mining pools. You may be wondering how pools payout their members? Do all pools use a similar payment structure or are all of them unique? When you become a member of a mining pool, there are a number of ways your rewards for contributing hashing power can be calculated. All of the payout methods use the term “share”. Dont forget to think about your tax obligation on the coins you buy or mine. There are some great tax software suites to make it easy! For instance, we have a great guide on how that software works to pay taxes on Coinbase buys. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. Essentially, the more hashing power you contribute to the pool, the more shares you are entitled to. The most simple payout scheme, Pay Per Share guarantees the miner a payout regardless of if the pool finds the next block or not. The value of a share is determined by the amount of hashing power that is likely needed to find a block divided by the reward for finding it. If 100 shares are likely needed to find a block and the reward is 6.25 BTC, then each share is worth .0625 BTC (6.25 / 100). Payment is paid from the pool’s existing balance and the amount of the payment is determined based on your number of shares. Because payment is guaranteed, more of the risk is on the mining pool operator. The payouts to the pool members is therefore smaller than in Pay Per Last N Share, explained below. One final feature of Pay Per Share is that transaction fees from each block are kept by the pool operator. Pool members are only paid based on block rewards. Full Pay Per Share (also known as “Pay Per Share +”) is the same as Pay Per Share, except transaction fees are also paid to the pool members on top of the block reward. Pay Per Last N Shares is a more complicated payout that shifts more risk to pool members but also more rewards. In Pay Per Last N Shares, pool members are only paid once a block has been found. Once a block is found, the pool looks at your share contributions for all previous blocks where the pool did not find the block, and this is called a “time window”. All the blocks in a time window are known as a “round”. Using these numbers, the pool determines your total share contributions over the round to determine your payout. For example, if the pool mines through 6 blocks before finding a block, Then their reward for all the hashing power the pool contributed to the network over they 6 block round is 6.25 Bitcoins (not including transaction fees). If you contributed 100 shares for each of those blocks and the total number of shares was 1000, then your payment would be .625 BTC or .104 BTC per block. The idea behind this payout scheme is that it removes all luck and only pays members based on their contribution to actual revenue earned by the pool. This scheme also incentivizes members to continue mining on in the pool even as the profitability of mining different coins rises comparatively. This is because disconnecting from the pool before a block is found will pay you nothing. Pools that use Pay Per Last N Share may or may not include transaction fees in their reward payouts so it is up to your to find this out from each pool. Buying Bitcoin with a debit card is the fastest way. Lets go over all the most important info of each of the pools. By the end, you should be able to pick the best one for you. Despite recent controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools. Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Germany, China etc.). Also, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales. The pool is free to join and the process is simple. First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides. Hardware is important because it determines the size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order to optimize your rewards. Antpool’s payout structure and percentages vary wildly depending on the coin you are mining in the pool. In the case of Bitcoin, you will be charged a PPS+ at 4% plus a 2% transaction fee or you can choose PPLNs at 0% or SOLO at 1%. While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool does share with you when it finds a block. Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. It can be argued that these rates prevent the service from being usable for small-time and big-volume users. Consequently, some users on bitcointalk.org heed that the undisclosed fees make the service unwise to use for the time being. The pool does not appear to have a payout threshold and pays out every day around 10 AM UTC. The minimum withdrawal amount is 0.0005 BTC (other sources say 0.001 BTC). Antpool had refused to enable arguably beneficial upgrades to Bitcoin for reasons that have been largely disproven. More specifically, the controversy revolved around Segwit – a feature that required miner activation to be enabled. Despite the fact that most Bitcoin users wanted this feature activated, Antpool, among other pools, was attempting to block it. This eventually resulted in the Bitcoin Cash hard fork and the ultimate activation of Segwit on Bitcoin. According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Unrelated to its pool, Bitfury sells a 16nm ASIC mining chip. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized: BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. Slush Pool is a name you probably heard if you ever researched mining pools. Today, we’re going to help you familiarize yourself with it and see whether or not it’s worth using. Slush Pool has been around since 2010 and is one of the oldest Bitcoin mining pools in existence. It was originally simply called “Bitcoin Pooled Mining Server” or BPMS for short. Since the launch, the pool has had its ups and downs but things have been mostly positive recently. Satoshi Labs run Slush Pool. You may also know Satoshi Labs from their work on Trezor, the first Bitcoin hardware wallet and Coinmap, a world map outlining which merchants accept Bitcoin. They also invented the scoring system, which awards users based on the “hash power” (the processing power) they bring to the mining pool. Slush Pool was the very first mining pool, and, over the last decade, its users have mined more than 1 million Bitcoins using its services and software: BraiinsOS and BraiinsOS+. And if that doesn’t sound impressive enough, you should also take this into consideration: in the last 6 months, Slush Pool collected more than 9% of all Bitcoins on the market. That percentage makes it one of the five biggest Bitcoin mining pools on the Internet. We’ve covered what the Slush Pool is and explained how it works. Now let’s have a look at the specific services offered by Slush Pool should you decide to join it for your own mining efforts. In terms of fees, Slush Pool is very similar to other mining pools on the market. They offer a standard 2% fee, which you share with other miners. There’s a 0.0002 Bitcoin threshold, which means once you reach this sum, the platform automatically sends the earnings to your account. The best thing about the payments is Slush Pool’s famous score-based method of payments, which allows the awards to be distributed fairly among Bitcoin miners. Customer support is at a high level. Of course, the users can send emails to the network officials if they have any problems. In most cases, a customer support agent will respond in less than 24 hours. However, you can also talk to customer support agents instantly if you have an emergency problem. The company has a dedicated website, where you can start a conversation with customer support if you have questions about your mining setup, user account, or rewards. Security levels are more than satisfactory. You have 2-factor authentication and wallet address locking for emergency cases. You get a read-only token that allows you to log into your account, in case someone tries to hack your account or steal your identity. You can also lock your address if someone else is monitoring your account while you’re mining. In addition to that, the company only uses highly-secured servers, which guarantee the safety of your Bitcoin wallets. Now we’re going to give you a list of both positive and negative aspects of the world’s oldest mining pool. You can just take a look at the positive and negative aspects and decide whether you should use the pool or not if you don’t have the time to read the entire review. In conclusion, is Slush Pool worth your time and effort? The short answer is yes, Slush Pool is a good choice if you want to start mining. It’s great for first-time users due to its simplicity. Plus, it gives awards to some of its most active users. Mining bitcoins? You cant without a Bitcoin wallet. Our guide on the best bitcoin wallets will help you pick one. Read it here!. Once you find one you like, you can learn how to add your mining funds to your wallet. Long-time miners will also be satisfied. The service is always at the top of mining trends. The company officials never stand still, issuing constant updates that make their service fresh and up-to-date at all times. In other words, you won’t go wrong if you pick Shush Pool as your mining pool. Keep in mind though that while Slush is the oldest pool, it is by no means the biggest or the cheapest, and keeping fees low is crucial for any mining operation. F2Pool was originally launched in 2013 in Beijing. Due to its popularity, it soon expanded to other continents. The service is now available in Russia, Canada, and the United States, among other countries. Today, with 15% of the market in its control, F2Pool is the largest Bitcoin mining pool on the market. Within the last year F2Pool has become the biggest mining pool. Just for reference, Poolin, which was the largest now is around 13% of the market share just behind F2Pool. And at 5%, Slush Pool, another of the biggest pools, controls just over a third of what F2Pool commands. In addition to Bitcoin, F2Pool miners can also mine for Litecoin, Ethereum, and multiple other cryptocurrencies. All in all, you can mine for more than 40 cryptocurrencies in this pool. Although the website was originally created just for the Chinese market, the company now has an English language version of its website and the interface is extremely easy to use for miners of all experience levels. We’ve familiarized ourselves with the inner-workings of the company and talked about how F2Pool works. Now is the time to talk about some of its main functions and services offered. For most people, the services offered are what makes or breaks a mining pool. The biggest downside of F2Pool is their fee. Every transaction comes with a 4% fee, which is certainly not small. In fact, this is double what slush charges. However, many miners clearly fee the fees are worth it, given the size of the pool. Numbers don’t lie. For instance, they offer daily payments and every time you reach 0.001 Bitcoin in your wallet, the company sends money to you automatically. They operate on a PPS system, which means they reward the people who mine the most on their network. Having good support is crucial for both experienced and inexperienced users. You need to talk to a knowledgeable person if you have any doubts or questions about your account or payments. Fortunately, anyone who’s had any experience with the F2Pool customer service knows that they are responsive and knowledgeable in their field. They guarantee a response to all inquiries in less than 24 hours. However, you can contact them instantly through their chat if you have a real emergency. F2Pool wouldn’t be so widely-used if they didn’t have good security. The website has the HTTPS protocol and the service comes with a wallet-lock feature, which protects your investment in case your account gets hijacked. Just keep in mind that the email address you used to register can’t be replaced. The company forbids it for security reasons to prevent identity theft on their network. Now that you’re familiar with F2Pool’s history and some of its core features, we’re going to list all of its positive and negative aspects in place. You can use this list to remind yourself about F2Pool’s pros and cons without reading the article if you start wondering whether you should use the service or not. When it’s all said and done, what do we recommend? Should you use F2Pool or not? You already know that the answer is yes if you read the review carefully. Not only is F2Pool one of the oldest mining pools still running, but it’s also one of the best on the market, 7 years after the initial launch. The only downside to F2Pool is that they charge high fees relative to other mining pools. However, considering the rewards and services offered, the fee is definitely worth it. After a few months of mining, once you start making a healthy profit, you probably won’t even pay attention to the fee. Poolin is a multi-currency mining pool that includes popular and profitable coins, including Bitcoin, Litecoin, Bitcoin Cash, and Zcoin. It was started by the same founders of BTC.com, which was later acquired by Bitmain. It is a Chinese-based mining pool with many miners from China, but it is open to everyone around the world. This section will give an overview of some of Poolin’s features. Poolin has its own proprietary software that acts as a proxy between miners and the pool. It helps reduce network traffic and allows miners to sync their settings, create sub-accounts, and balance the electrical load. This feature is available for Bitcoin, Litecoin, and Zcash. A so-called transaction accelerator designed to mitigate the congestion of unconfirmed transactions via “fee bumping”. It helps the Bitcoin network and provides supplemental income for miners within the pool. Custom software to turn off the miners in case of a network blackout to prevent hardware damage and save electricity. Mining hardware used at full capacity is known to degrade at a more advanced pace, so this can help save your investment. This is Poolin’s custom miner monitoring software that can change settings in batches. This is useful for larger-scale operations. While most miners prefer to mine a handful of the top coins, Poolin supports some experimental altcoins. This includes Ravencoin, DASH, and Decred (DCR). For those wanting to monetize their graphics cards, the pool also supports Ethereum mining. This requires separate hardware since ASIC miners are designed for Bitcoin and Bitcoin forks. As bonus income, mining Bitcoin, BCH, or BSV in merged mining mode will result in Vcash, Namecoin, and Dogecoin payouts. This won’t affect normal hash rates of primary Bitcoin mining. This is the new mining protocol for Bitcoin that supports decentralization, fewer limitations while using ASIC hardware, and allows miners to make their own blocks. Since BTC and BCH share the SHA256 same algorithm, it’s easy to switch between each coin when one is more profitable. This is useful due to the wild swings in price on crypto exchanges, and is beneficial if one overtakes the other. They have a minimum payout of 0.001 Bitcoin, and mining fees and payouts scale between currencies. There is a 0 minimum payment if using a Bixin or Mixin wallet. Upon request, users may make manual withdrawals. Poolin was founded by Kevin Pan, Christopher Zhu, and Tianzhao Li, and is currently under Beijing Satoshi Smart Co., Ltd. They were the former owners and founders of BTC.com, but the company is now unrelated to Poolin’s current operations. Poolin hosts nodes using cloud servers, so there is variance in which server you will connect to. This is contrary to a centralized server approach, which would have poor worldwide latency and security. For example, the main mining pool server is btc.ss.poolin.com, which resolves to an IP Address of: “220.127.116.11”. This is located in a data center in San Mateo, California and is hosted by Alibaba’s Cloud service. Using mining software is not the fastest way to get bitcoins. Try an exchange below for the fastest way to get bitcoins. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Mining can be very profitable but only if you have the right software, choose the right pool, have the necessary ASIC mining hardware, and can find a great deal on power prices. Getting all of these right is extremely difficult and unless you plan on making this your job, you will likely not be competitive. Pools help make it a little easier to compete since smaller operations can ‘pool’ together, but its still very difficult if not impossible to make money on a small budget mining operation. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Wallabit Media LLC and/or its owner/writers own Bitcoin.5 Best Bitcoin Mining Website – You Should Know Bitcoin mining is the process of bringing back the trending bitcoins in the circulation system. With bitcoin mining, you can earn money even without investing. There are some mining pools where corporate miners collaborate and share block rewards to their mining hash power. Mining pools are preferred by average miners as they make the rewards more predictable and smooth out rewards. Even these miners can also transfer their hashing power to other miners anytime they want. But, before we confuse you more about bitcoin mining or bitcoin websites, let’s know a bit about bitcoins first. Bitcoin is a cryptocurrency that was launched in the market back in 2009. You can make some online transactions on Bitcoin with no third party present in between. It’s a decentralized digital currency where you can buy, sell, or even exchange money without the intermediation of a bank. Bitcoin depends upon cryptography and peer-to-peer software. It is a free market where anyone can invest any money to buy bitcoins or sell them. You can even buy a fraction of a bitcoin if you don’t have the money to afford one coin ultimately. There’s a public ledge present where all the bitcoin transactions are kept in records and further held on global web servers. There’s a new bitcoin cash faucet in the market named moon bitcoin cash. This bitcoin is generally following a strong upwards trend in the market. It is also believed that bitcoin and all cryptocurrencies will soon take the largest portion of the global financial market and make a notable change in the economic dynamics. We have given you a complete overview of what bitcoins are and what moon bitcoin cash is. However, if you have grasped these concepts so far and are interested in investing, you must know about a few bitcoin mining websites that will be good for you. This bitcoin mining site was established in 2018. You can mine bitcoin, Etherium, and also ZCash here. The risk of fraud is the lowest on the site. Their service prices are also the weakest globally, so that’s another attractive feature to get on board with. You have to spend a minimum of $52 to use this mining website. Even the more new miners join this website; the minimum price keeps on decreasing. You can buy both the cloud contracts and also the miner on this site. This website gives you the option to buy ASIC shares and deliver the miner to its doorstep. They have many partner hotels, so you can store your equipment in those data centers once you join this site. You don’t even have to be personally present while purchasing bitcoins, transporting them, or maintaining new miners. This cloud mining website allows you to mine bitcoins without any particular skill or knowledge. Like BeMine, this website was also founded in the year 2018. You can control your miners from any possible device with a lower quotient of fraud risk. Even the interface of this site is so easy that any amateur can use it instantly. The best part is that Shamining provides you with constant support 24/7 if you need any technical assistance. You can also integrate this site with any operating system, so that’s a plus. According to recent statistics, moon bitcoin cash is the best mining platform now. With its eco-friendly infrastructure, you can even calculate your income more efficiently. One of the best mining websites in the world of cryptocurrency is ECOS. Since 2017, this website has been ruling the crypto market with legal status. It has got more than 90,000 users from all around the globe so that you can imagine its popularity. The minimum price you have to pay here for contracts is $49. If you are a beginner in the world of bitcoin trading, ECOS is the best for you. You can get detailed transaction history so that you can keep a check on your activities. On top of that, you can also make daily payments here and access the convenient calculator to choose your preferred mining contract. They also have a mobile-friendly website so that you can check your crypto activities anytime and anywhere. On CCG Mining, you can trade many bitcoins, etheriums, Zcash, and even other cryptocurrencies. You can create your mining rig here, and your digital currency will be kept secured with SSL technology. You can further trade currency here without any maintenance fees. The best part of this website is that it does not impose any purchase limit on you. So, you can buy as many bitcoins as you want. You can interact with the customer service team via email and Skype, and they offer you friendly advice. It is the best site where you can boost your income noticeably due to its highest level of hash rate. This bitcoin mining platform is accessible to everyone. Not only do you have moon bitcoin cash, but also you can use Litecoin, Dogecoin, XMR, TRX, BCH, etc., on this platform. With a low fraud risk and instant withdrawal faculty, you can consider it one of the best websites for bitcoin trading. There are no hidden fees here when you create your account here. You can see all the details of your transactions on this site. This website has one cool feature that none of the other websites offer. You can earn extra money by playing games, and that’s an excellent way to keep newbies interested in bitcoin trading. If you have grabbed an excellent idea of what bitcoin is so far, you can use any of these sites to start your crypto trading. All of these sites have a low rate of fraudulent activities so that you can mine bitcoins in a risk-free ambiance. We suggest you give all of these platforms a try and choose the best one that suits your needs the most.style="text-align: center;">
10+ Best Bitcoin Cloud Mining Websites [Safe and Trusted] 2021 Looking for a secure, trusted, profitable, and best bitcoin cloud mining platform? There are multiple cryptocurrency cloud mining websites that offer cloud mining for Altcoin as well. We have listed a few crypto cloud mining services so that you can decide the best bitcoin cloud mining for you. Cloud mining or cloud hashing allows users to buy mining power that of hardware in data centers build by mining companies. There is a number of players offer cloud mining in terms of renting their hardware for a fixed period of time. These companies return the mined results with the users and cut their profit form that results. In this article, we will discuss some best cloud mining platforms for bitcoin and altcoins. Choosing the best bitcoin cloud mining service to use is not an easy task because this business is full of scammers. More than 99% of cloud mining providers are a fraud. Instead of actually mining any cryptocurrency, they built an attractive website and start scamming users on the name of cloud mining. Let’s take a look at the advantages of cloud mining: Always keep in mind that returns are not guaranteed and depend on a part on the coin value and mining difficulty, both of which are unpredictable for the future. The lower the coin value, the higher the impact of that fee on mining returns, and the higher the mining difficulty, the fewer coins the same amount of hashrate will return, and vice versa. If we take an example of Ether mining it was less profitable as the price of the Ether was much lower then the current price. If you believe that the value of a crypto coin is going to be very high in 1 or 2 years then it will be much profitable. There are many websites offering cloud mining. I have picked only a few of them, those are reliable, trusted, and well-known players of the market. Now, let’s take a brief idea about recommended cloud mining services: ECOS is a relatively new player in the field of cloud mining but it is a legally recognized and trustable service. ECOS was appointed to be the operator of the Free Economic Zone in October 2018 by the Armenian Government. Apart from cloud mining, ECOS also sells mining hardware and allows hosting installation through few clicks only. Users can buy the latest mining equipment online and ECOS will set up your installation on behalf of you in the Free Economic Zone of Armenia. Users will also get a manufacturer warranty of the hardware for 180 days. Currently, they offer multiple cloud mining contract for Bitcoin only. IQ mining uses smart mining techniques at affordable prices. It offers the most profitable cloud mining contracts for popular cryptocurrencies. Their profit calculations based on the most efficient mining hardware with minimal contract maintenance costs. They offer Bitcoin payments on a daily basis depending upon your purchased MH/s power. They offer a mining contract for 1 year to a lifetime. IQmining supports mining contracts for Bitcoin, BCH, LTC, ETH, XRP, XMR, DASH, and many more cryptos. How to use IQ Mining: There are different investment packages. For e.g., if you buy the Silver package, you will get 10% bonus above your payouts. In the Gold package, it is a 20% bonus. They are offering limited period offer: Get 30% Off on all contracts Shamining is one of the fastest-growing companies in Bitcoin mining and offers affordable mining services in exchange for a small fee. Mining is really easy with Shamining. Investors have to simply register and create an account at Shamining.com and complete the verification process. The entire process takes only a few minutes to complete and you are ready to mine. The minimum deposit amount is $100 and the upper deposit limit is $10,000. Also, new users can gain a bonus of 37% on their first deposit of $100 in their accounts. So, how is Shamining different from the other mining platforms? Here are a few key points to consider: Another cloud mining service provider that helps you to mine bitcoins and Altcoins in the best possible and easiest way. Its parent company is Cyfuture which is serving for more than 15 years in the Data Centre Industry. Based on State-of-the-Art technology, HashGains uses the best ASIC (Application Specific Integrated Circuit) and GPU services available. The platform supports multiple cryptocurrencies and has a 99.9% uptime. There is 24/7 technical support and it also provides legit mining where all the coins are new. HashGains also have multiple Data Centres in India, China, and the U.S. It also promises to give high ROI on investments made. How to use HashGains:First you need to register on the platform. Then you need to choose your preferred plan and make the payment. After that, you can just start collecting bitcoins. HashGains can be used in three methods. Hashing24 was developed mainly for individuals who can easily access the bitcoin mining technology without getting into the intricacies and technical complications of cloud mining. The interface is very easy to use and it provides 24-hour customer support by a highly proficient team. How to use Hashing24:Users have to first register which takes only about 2 minutes and then chooses hashpower, which boosts the bitcoin mining process. Then you have to pay for your contract and the order is placed in the largest mining center BitFury. The mining process starts automatically and you will start receiving bitcoins, which can be withdrawn on the same day. Hashing24 is one of the most stable futuristic cloud mining platforms with very efficient technical support. Launched in 2014, HashNest is one of the biggest cloud mining companies today. BitMain Technologies is the Parent company of HashNest and its headquarter is in Beijing, China. HashNest allows its users to participate in bitcoin mining through transactions of hashrates and the profits are instantly deposited in the BitMain Wallet. Participants can simply download the Mobile App and use it anywhere and anytime. PACMiC (Payout Accelerate Cloud Mining Contract) is another feature offered by HashNest. Here you don’t have to pay any costs after mining as BitMain already pays for you. How to use HashNest: Users first have to register for a HashNest account and will simultaneously get a HashNest wallet. Then they have to deposit bitcoins into the wallet and buy hashrates and the cloud mining starts. The amount paid on HashNest is based on PPLNS or Pay Per Last N Shares method. There is a 2FA or two-factor authentication process for HashNest users for optimum security. Hashflare is a Europe based bitcoin cloud mining company. The company was foundedin July 2013 and started its cloud mining service in April 2015. Hashflare is a part of HashCoins that creates ASIC bitcoin miners. Similar to Genesis mining, Hashflare also offers lifetime bitcoin mining contracts ( remember as long as profitable), Ethereum cloud mining, Zcash cloud mining, Dash cloud mining and Scrypt cloud mining. Similar to Genesis it is one of the two most reputed cloud mining providers with a large number of users. It offers daily payouts and available payment methods are Bitcoin, Credit card, Webmoney, Payeer, Wire transfer, and EMC. Discount: Click on the button below and signup for an account to avail discount on your purchase. There are only a few reliable cloud mining companies who actually set up mining hardware and mine crypto-coins for you and one of them is Genesis Mining.Genesis mining was startedin 2013 an is one of the oldest companies around. Genesis has established a publicly known mining farm in Iceland. Currently, they are offering mining powers for Bitcoin, Ether, Zcash, Monero, Dash, and Litecoin. You can start mining within minutes. Available payment options are Credit cards and some crypto coins. Discount Coupon: Copy and paste this code (as shown in the image below) at the time of payment to get 3 to 5% discount on your purchase: 1yelG5 CryptoUniverse.io is a cloud mining farm that dates back to 2017 when they launched its first-ever test mining farm with an initial aim of introducing more people to the idea of blockchain mining and cryptocurrency. The company has been offering BTC and LTC cloud mining contracts at different budget rates since 2017 and since then there has been no looking back. Furthermore, the farm has its very own data center with a total power capacity of 20 Megawatt and has 12000 miners operating round-the-clock in the station. The company also accepts distribution mining contracts from companies like Bitmain, Ebang, Innosilicon, and Canaan. Prospective clients can buy contracts starting at a price of $23.9 for 1 Th/s. In addition to that, you can pay very low maintenance fees in advance to benefit an added discount of 4%. For promo offers and current discount rates follow the latest news on the social media platform of CryptoUniverse.io. The CryptoUniverse platform also offers referral programs through which clients can now earn up to 10% of the contract price by following the referral link. The platform offers a variety of mining contracts available at affordable budgets. Another unique feature of the CryptoUniverse platform is that the contract prices change according to the market values which keeps you updated with the changing market variables of the crypto world. I hope you enjoyed this article and it will be useful for the user to find-out Best Bitcoin Cloud Mining. It is my advice that never goes for any other cloud mining service as most of them are a scam. Please share your feedback and experience with us in the comment section below and let us know if you need any help. Happy Mining!!! Grand Stacks Listing on Wazirx : Grand STX Giveaway Worth $26,900 12 Best EOS Wallets | Top EOS Wallet List [2021 Edition] 7 Best Bitcoin Transaction Accelerator [2021 Edition] Panther and Polygon are Taking Privacy to New Heights in DeFi HitBTC Review – Trade Crypto Coins, ICO, Tokens and Fiat On Single Exchange Hashing24 Review – Trusted and Reliable Bitcoin Cloud Mining SimpleFX Review – Trade Forex CFDs on Bitcoins, Litecoins, Indices What is Bitcoin Hardfork And Segwit? How to Deal With Bitcoin Hardfork? Coinbase Review – Wallet for Bitcoin, Ether and Litecoin [$10 Discount Deal]The 5 Best Legit and Trusted Bitcoin Cloud Mining Sites Reviewed 【Updated to 2021】 With Bitcoin between 40000/50000 usd, many comments ask us how to mine bitcoins. If you have decided to mine Bitcoin or other cryptocurrencies in a legit and trusted way, without hardware and quickly, you will have to rely on secure services. The main problem with this type of investment is to make a good decision choosing a reliable site. We often read about various sites such as Genesis Mining, MiningBase or Bitland … we have tried almost all of them and have decided to release our list with the ones we think are most reliable. (We don’t like losing money) On this page, we offer the ranking of the best cloudmining website to mine Bitcoin, Ethereum, Zcash and other cryptocurrencies. Updated to Q4 2021. There are many “scam” sites… when we started with cloud mining, we find many websites with attractive prices and promises of easy profits, that’s why we decided to suggest the most reliable sites currently in the market like as Hashing24. Another investment alternative is related to the direct purchase of bitcoins.Among the main services we suggest Paybis (the best site for newbie) or Coinbase (the most used exchange in the world). Index of the best websites to mine bitcoin and other cryptocurrencies in cloud: Introduction: This guide does not provide financial advice. Remind: the cryptocurrencies market is very volatile. Hashing24 occupies the 6th position of our ranking. We tried their service and we enjoyed it, the payments are punctual and it is possible to start with 70$ packages. It’s our good choice for two reasons: 1. The site is really good and intuitive 2. Are really realible: we haven’t had problems in our experience. CCG Mining operating in the sector for many years.The site is very reliable, the prices are quite affordable and the company, based in London, has a team of professionals that offers a range of services, including mining rigs sale and cloud miningcontracts for those who choose to mine own. Once you have entered the CCG Mining price page, you can choose what to buy (Mining Rigs or Cloud Mining Contracts), you can also select custom plans. Affordable prices, the site accepts payments by credit card or Bitcoin and can mine BTC, BCH, ETH, ZCASH, LTC and Monero, we place it in 2nd place: the prices are really good compared to other competitors. 10 usd in Bitcoin for freethrough this link(click here) if you buy at least 100 usd in bitcoin Cloud Mining allows you to Mine Bitcoin without technicalities by relying on third-party companies likeHashing24 Mining (Click hereto Register and start Bitcoin mining immediately) Based on our analysis,Hashing24 Mining is one of the most reliable and legit sites. It depends, there are serious companies likeHashing24 Miningand company scam.The advice is to rely only on secure sites. It is a risky investment, it depends on the market trend and the difficulty of mining. All those that are extracted through the POW (Proof of Work).The main sites offer Bitcoin, Litecoin, Ethereum and Zcash. In some states, mining or buying Bitcoin is not legal, in other states the regulations require strict controls (scanning documents, kyc, etc.). However, an excellent and convenient solution to these restrictions is given by Cloud Mining. In fact, with these services it is not you who mines Bitcoin, but it is a third company. Hashing24 does not necessarily require the KYC and allows starting from small investments to obtain fractions of Bitcoin day after day which can then be collected in your own personal wallet. Are there any services to mine bitcoin for free? Of course, but they are almost scams, you can get a few cents that will never be sent to you because the transaction costs are much higher than your profit! September 2021 signed a recovery in the price of Bitcoin from the lows of the summer.. the actual price now is between 40,000 / 50,0000 dollars. Among the sites that allow the purchase of bitcoins – not related to mining – the most serious and also easiest to use if you want to get closer to this world isBTCBIT(click here to register ) . Hashing24 Mining currently has just started the sale of BTC contracts with the best prices on the market. I’ll try with Nuvoo mining, and Genesis-minng again, they open again BTC Contracts! 3 years ago I did a little big investment on genesis-mining, and I got after one year my investment back, so I have 2 years of Benefits and keep going! I feel ,All information are very useful.Today I pay us 12.40 to hashing 24.com in life time plan.Thank you senguttuvan.tamilnadu So I have upgraded my contract, and for now it is still very profitable. I feel like Genesis Mining was very open about their problems, acctually the problems whole mining industry is faceing. So from the moment I have upggraded my contract untill now I don’t have any problems regarding my paymants. I’m aware there are things me or GM cannot change, mining market changes everyday but GM seems to be transparent and open about it so they have my trust.I am considering new investments, and it will be in GM . This information is very useful to me as a beginner in crypto world i will try to invest in your recommended sites and as a beginner i will do some research in the sites for i have some doubts but still thank you.. We Suggest You to try with a small amount if you are undecided As a beginner, which site should I try out? I need something easy to manage and at low costs since I don’t have much to start with. Thanks for all informations given. Appreciate it as an new comer. Please confirm to me if Hashing24 Mining is same as Genesis Mining or Different? Compared to Genesis Mining it has different (lower) prices and is more profitable. Save my name, email, and website in this browser for the next time I comment. POWERED BY CRIPTOMINING TEAM- Best Bitcoin Cloud Mining Legit Websites- Hashfox Mining Legit Guide- Mining Bitcoin Guide 2019 - How Many Bitcoins Can You Earn On A Day?