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Cryptocurrency mining is free money, but only if youre smart enough.
you could earn by contributing to the software technology that runs the crypto blockchain!
Even your personal computer can earn some dollars while you binge-watch your favorite shows on Netflix.
In this article, Ill share various cryptocurrency mining platforms for you to make some passive income.
Mining is the lifeline of the crypto world.
It validates ongoing transactions and mints new coins into circulation.
In straightforward terms, a miner solves some complex Math problems to verify the transactions.
It is the process by which a miner trades his computing power and electricity for the block reward.
Block reward is the incentive for the miner to help sustain the blockchain technology behind cryptocurrencies.
Simply put, blockchain is the foundation of everything crypto and the NFT universe.
Its a digital distributed ledger with a tamper-proof record of every entry.
Before initiating, ensure you have acryptocurrency walletand mining software that supports your choice of cryptocurrency.
So, be sure to stick around for that.
ECOS has a convenient mobile app available at the App Store, Google Play, and Mi App Mall.
This fee is 1% of earnings for those using renewable energy and 2% for others.
On the performance front, this Bitcoin mining pool is among the top ten most profitable globally.
Its one of the veterans in bitcoin mining, presently mining about 3.5% of all bitcoins.
Braiins Pool charges a 2% pool fee for using its platform.
It also has a 0% pool fee option for some supported ASIC miners.
It also has an official mobile app for iOS and Android.
The app can be used as an account monitoring tool.
Braiins Pool clearly states that you cant mine with its mobile app.
Its platform has two-factor authentication (2FA) for added security.
The same goes for payouts of Zcash.
Zcash mining servers are located in the USA and Europe.
Zionodes
Zionodes is hands down the most accessible BTC mining platform we have come across.
This platform comes with the smoothest UI and helps you onboard and start mining in merely seconds.
The best thing is their dashboard is dynamic; you see your earnings updated every minute.
Such strategic partnerships ensure their foothold in the remote bitcoin mining domain.
Zionodes has its data center across North America, South Africa, Europe, and Russia.
Kryptex
Kryptex aims to bring mining to the masses with its effortless setup.
Just download the tool, and check the expected earnings.
Kryptex also has a mining calculator to check the revenue based on the graphics cards potency.
Krptex has two mining modes, Lite and Pro.
Lite does not affect your gear much, while Pro takes up maximum computing resources for greater revenue.
it’s possible for you to also choose to pool mine with Kryptexs own pool, promising stable returns.
Withdrawals can be in the form of Bitcoins or cash with a minimum payout of just $0.5.
Additionally, the fee section clearly indicates the payout limits and the withdrawal fees.
BitFuFu
BitFuFu offers both cloud mining and hosting products.
This is the cloud mining platform that BITMAIN strategically invests in.
Currently, the listed products on their website all use S19 Pro miners, the Flagship model from BITMAIN.
They also cooperate with mining sites like Core Scientific and mining pools like Antpool.
Hint: They offer exclusive deals on their mobile apps and referral fees of up to 3%.
Awesome Miner
Next on the crypto mining platforms list comes Awesome Miner, which is similar to Cudo Miner.
It is a mining management utility for Windows and Linux users.
It can be used free of cost for 2 miners.
Afterward, its paid plan kicks in, starting with USD 4 per month, billing annually.
It also has a cloud subscription that offers mining management from anywhere with just an internet connection.
This service starts at USD 4 per month, billing annually for 10 miners.
This service has a 30-day trial period if youve less than 400 mining rigs.
There are also monthly plans which are a tad more expensive than their yearly counterparts.
Awesome miner seems to be an excellent solution for huge mining farms.
It has rich documentation and helps sections to assist users in every possible way.
Salad
Salad is another user-friendly way into the crypto-mining universe.
This comes as an system you’re able to install to earn rewards in the background.
It features an Auto Start mode which detects keyboard inactivity to maximize mining performance and profits.
The payouts can be redeemed as games, gift cards, Paypal rewards, or donated to charities.
Each one has a different domain name and set-up instructions matching the specific coin.
It charges a standard1% pool feeirrespective of the coin you mine.
It has 3rd-party apps for monitoring supported on Android and iOS.
Bitfly has specific configuration guides depending on the operating system, graphic card, and coin.
Once you click Start Mining, it takes you to the server details and mining software options.
After that, you just download the preferred mining utility and set up the mining software to start mining.
It has mining servers in Europe, Asia, and the USA.
Bitfly boasts of instant payouts.
It also has a Discord channel, a place to share knowledge with fellow miners.
This can be useful if youre new to the mining space.
CryptoTab surfing app
This is a unique concept for mining cryptocurrency while browsing.
It has mining features built in.
CrytoTab online window promises automatic algorithm switching to boost profits.
Similarly, it also assures of no overheating or battery drain while browsing with its in-house surfing app.
It converts all the rewards into Bitcoin.
The minimum payout listed is 0.00001 BTC.
you could earn by your mining hardware as well as receive a commission for referrals.
This web client is available for Windows, Mac, Android, and iOS.
This is recommended for non-tech users who wish to have a minimum taste of cryptocurrency mining.
Cruxpool
A very modern-looking website that says: Stable and Predictive revenue from crypto mining.
it’s possible for you to mine ETH, ETC, BEAM, and Ravencoin on Cruxpool.
And they are adding new coins as we speak of this.
But when you go to their mining page, they show only two mining pools, ETH and ETC.
These two are the biggest of their pools.However, theirhelp sectionshows the other mining pools, Beam and Ravencoin.
Cruxpool charges a1% pool fee.
Their quick start guide is detailed and helpful in setting up mining Ethereum and Ethereum Classic.
It aids in starting with various operating systems (Windows and Linux).
Minimum payouts are:
Ethereum 0.01 ETHEthereum Classic 0.1 ETCRavencoin 50 RVNBeam 1 BEAM
12.
NiceHash
NiceHash is the most complete of the pools/services we have reviewed so far.
But its website can easily overwhelm a new miner.
Its a hash rate marketplace, crypto mining utility, and crypto exchange portal blended into one.
NiceHash OS (NHOS) is similar to what we have COS with CoinFly.
you’re able to connect unlimited mining rigs for free with NHOS.
Its an added benefit compared to COS, which will start charging beyond 4 rigs.
NiceHash is compatible with a number of pools: F2Pool, SlushPool, 2Miners, etc.
Nicehash also has a Mobile app for Android and iOS.
Easy BTC Mining
Easy BTC Mining offers a hassle-free mining experience with a cloud mining contract.
Cloud mining allows you to buy a certain amount of hash power for the contract period.
The process is to register with an email and then sign a contract to start Bitcoin mining.
The minimum payout is 0.0001 BTC, and their platform ensures immediate and automatic payments.
This platform supports the mining of BTC, ETH, and LTH.
ZHash.pro
ZHash.pro offers pool mining at a 0% pool fee.
The process to mine is easy and doesnt need any registration.
One only needs a supported wallet and can choose the server of choice.
Afterward, configure your miner software, and youre set.
They have mining servers in Europe, the USA, and Asia.
Detailed instructions are available with all four pools according to the mining hardware.
They also have a Discord channel for getting assistance from fellow pool members.
Small pools are not necessarily a bad thing, and the payouts are bigger compared to large pools.
To sideline any apprehensions with ZHash.pro, you could check out their recent payout list for every pool.
Minimum payouts are 0.01 ZEC, 0.1 ZEN, 0.05 BTG, and 0.5 TENT.
K1Pool
K1Pool has the option to go for a solo mining experience.
you’re free to individually find the blocks and keep the entire reward to yourself.
you might mine 16 cryptocurrencies with K1Pool.
It has servers in China, Europe, and the USA.
You have to create an account to get started.
Afterward, you’ve got the option to configure as per your hardware and server location.
One can also mine with the hashrate purchased at NiceHash.
They have a separate NiceHash control panel for that.
They have a download section for almost all major mining software.
Their download portal helps in choosing the best mining software according to the mining algorithm.
They also have a Discord and Telegram channel for getting any help from the pool members.
Based on the Discord channel headcount, K1Pool also seems new to the mining sphere.
Yet, the user interface is clean and has a lot of information to help newbiesworth a try.
SimpleMining
SimpleMining is similar to Coinfly in that it has a mining OS.
you might use their services for free with one mining rig for 30 days.
The user interface is simple enough with helpful information to get started.
One can register with them and deposit the amount to continue using their services after the trial period.
CudoMiner
CudoMiner provides cryptocurrency mining software solutions.
Its Cudo mining platform helps in automated mining with minimum manual configuration.
It boasts of managing 100,000s of mining rigs and ASIC miners with a single platform.
They also have a CudoOS for dedicated mining rigs.
The setup is similar to the mining OSes weve seen in this article.
It has a Telegram channel with over 6.5k members.
The user interface is excellent, and there are tons of articles to help you get around crypto mining.
They have a commission-based pricing model, so there are no upfront charges.
Their mining software is available for major desktop OSes, including Windows, Linux, and Mac.
BetterHash
BetterHash is an automated mining tool exclusively available forWindows OSas of now.
It detects your hardware and chooses the best algorithm for maximum gains.
you could mine 9 cryptocurrencies with BetterHash, including the famous BTC, ETH, XMR, ZEC.
There are two mining modes: manual and profit-switching (automatic).
Finally, you have veto power for any change in the web link protocols.
Lets take a look at them in detail.
It also assists in keeping the system secure from possible vulnerabilities such as a 51% attack.
A 51% attack is when a bad actor controls more than 51% of the blockchain.
This majority powers the fraudster to mold the protocols as per will.
A consensus mechanism keeps the power decentralized.
Such a degree of decentralization demands enormous computing capabilities and work to perform a 51% attack.
In the end, the scammer is prone to lose more than theyd possibly gain.
There are plenty of consensus methods like proof-of-work, proof-of-stake, proof-of-capacity, and proof-of-activity.
Depending on the pop in of consensus mechanism, crypto coins may require mining or otherwise.
Blockchains using a proof-of-work consensus mechanism need mining.
They use miners to approve the entries (transactions).
Whenever transactions go up for verification, miners start competing to solve for a 64-digit hexadecimal number.
The first one to find the solution broadcasts it to the entire connection as proof of work.
This victory bestows the reward on the winner while others wait for the next challenge.
This process repeats every time for a block worth of transactions.
A block is nothing but a group of transactions totaling 1 MB in data.
Bitcoin and Ethereum, the two biggest cryptocurrencies, use proof-of-work and many others.
Therefore, they need mining to check double-spending.
All cryptos that dont use proof-of-work are non-mineable such as Ripple, Cardano, etc.
They use more energy-conservative methods to validate the transactions.
Proof-of-stake is one such consensus protocol that is an alternative to proof-of-work.
Proof-of-stake removes the competition.
Blocks are not mined.
Instead, they are validated by the stakeholders.
Validators are chosen at random.
They stake their share of crypto for approving any block.
And they lose their stake (partial or full) based on the degree of misconduct.
So at present, for the foreseeable future, proof-of-work (mining) has no strong alternatives.
Now, we come to the most important bit can you mine cryptocurrency?
Lets find out, shall we?
Who Can Mine Cryptocurrency?
In general, anyone with a supported wallet, internet connection, and powerful hardware can start mining cryptocurrency.
It also depends on the jot down of cryptocurrency you choose to mine.
you’re free to either go with solo mining or pool mining.
So, the short answer is yes.
you’re free to mine cryptocurrency with the right equipment.
Summing Up
With cryptocurrency becoming a household term, crypto mining is at an all-time high.
There are countless crypto mining platforms to help a technical novices and professional miners alike.
Alternatively, you should consider getting dedicated hardware likeAntminer.
Despite its popularity, crypto mining isnt for everyoneespecially the one with ineffective hardware should avoid mining.
While cloud crypto mining seems the easiest method to mine, the payouts are not guaranteed.
Its much like investing in the stock market.
And once you sign a contract, you are bound to pay the amount regardless of any mining income.
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