The Best Bitcoin & Crypto Mining Sites for 2024 (2024)

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Crypto mining platforms and sites let the average crypto investor mine with little or no equipment.

Our experts review the world’s leading crypto mining platforms and explain how cryptocurrency mining can be profitable in 2024. Read on to find the perfect platform to suit your investment goals and learn how to mine Bitcoin without an expensive rig.

Best Crypto Mining Software Reviewed

We’ll review the best Bitcoin mining platforms below. Every mining site is unique and our reviews are designed to help you find the right crypto mining software for your needs.

1. Bitcoin Minetrix ($BTCMTX) – Top BTC Mining Platform Using Ethereum Smart Contracts, $10.7M Raised

Bitcoin Minetrix ($BTCMTX) is a brand new mining site with a creative solution to BTC mining difficulties. Users can purchase $BTCMTX, an ERC20 token, which is staked in return for Bitcoin cloud mining credits. These credits are burned in return for $BTCMTX rewards. It’s a simple yet brilliant concept that removes much of the issues associated with centralized Bitcoin mining, and its harmful environmental consequences.

Bitcoin’s Proof-Of-Work mining model is maintained by a small group of centralized mining companies. They possess expensive mining farms, running large hardware rigs. It is too expensive for ordinary people to run such rigs. It is also too technically challenging, requiring lots of study and business acumen. But Bitcoin Minetrix allows people to earn rewards from a desktop, and plans to release a mobile application in the near future.

They also have an integrated dashboard where users have a good overview of all their personal mining operations. They can decide how much to stake and how much to burn. No technical expertise is required and it’s an eco-friendly solution. There are a total of 4 billion tokens available, with 2.8 billion (70%) available in the presale.

The presale has 10 stages, with the prices increasing at each stage, meaning you will get a discount for early investment. The current token price is $0.0134 but will rise to $0.0148in stage 39, the final stage.

Another benefit of this mining site is that the initial investment is only $10, in comparison to the much larger figure seen with other sites. There is no cap on mining credits and they are not transferable. Most other Bitcoin mining sites also rely on harmful, environmentally damaging mining rigs, but this uses Ethereum smart contracts which is a much fairer system that rewards everybody, not just miners. More information can be obtained from the Whitepaper.

2. ECOS – Create Tailor-made Bitcoin Mining Contracts

ECOS is a complete cryptocurrency investment platform offering an advanced wallet, a comprehensive exchange service, and cloud mining all-in-one. What’s great about this platform is that you can tailor your mining contract at ECOS. You can choose your projected reward amount, the duration of your contract, and how much you are willing to invest.

Your investment ultimately determines the amount of hash power you get for mining. A longer contract length is more likely to yield bigger payouts as well. Depending on the specifics of your contract, your profitability from crypto mining can range from 300% to over 600%. Your investment also comes with fixed-rate fees, so there are no additional costs for machine malfunctions. Since this is a cloud mining operation, you need to buy any equipment of your own.

However, if you want to really kick things up a notch, ECOS has an ASIC store with machines ranging from $5,300 to $8,200. There is also ASIC mining hosting on offer provided by a 60 MW data facility supported 24/7 by qualified staff. ECOS technicians maintain and operate any machines you decide to purchase.

ECOS even offers a 1-month free cloud mining contract, so you can try mining before taking out a serious long term contract. Prices remain rather low owing to ECOS’ mining center being located in the Free Economic Zone of Armenia. Payouts are earned daily and can be tracked using a dedicated mobile app for iOS and Android devices.

Visit ECOS

3. ARK Mining – Global Mining Nodes With Daily Payouts

ARK Mining is a cloud mining company that lets you rent a variety of mining hardware starting from $50 per day for the low-cost option, all the way up to $60,000 for 20 days. All you have to do is sign up using an email and a password, and select which contract you wish to purchase. Mining rewards will start to accrue right away. Note,you can only deposit BTC, ETH, LTC, USDC and USDT to purchase a contract.

The company boasts new ASIC and GPU hardware from popular companies like Bitmain and Nvidia, and it claims to use eco-friendly electricity sources from solar panels. You can mine several cryptocurrencies, including BTC, BCH, BSV and LTC with payouts made daily.

ARK Mining also offers $50 in trial funds where you don’t have to make a purchase, while earning $1 per day. This can be an excellent way to test the platform, including deposits and withdrawals, and if you like what you see – extend your contract.

Visit ARK Mining

4. TEC Crypto – Mine Bitcoin, Ethereum or Litecoin Efficiently With This Cloud Mining Provider

TEC Crypto is a cloud mining solution where you select a mining package – starting from $10 per day to $30,000 for 30 days – and you start earning with a payout cycle of every 24 hours. Once the period ends, you get your initial investment back plus the daily profit, depending on your package. The company uses AI-optimized systems to increase profitability and operational efficiency, making it viable for every investor. For example, the AI systems will adjust their operations depending on market data and the state of the blockchain and you will earn more than if you ran a mining operation yourself. All this revolutionizes cloud mining and makes it accessible for everyone even with a $10 investment.

Signing up is straightforward. All you need to do is provide your email and password to open an account. Deposit funds using Bitcoin, Litecoin, Bitcoin Cash or the Ethereum network. Select a package that appeals most to your financial goals and start earning. If in doubt, test it out with a smaller amount, including rewards and withdrawals to make sure all goes smoothly. Follow TEC Crypto on X for the latest developments and news about this cloud mining company.

Visit TEC Crypto

5. IncCrypto – Straightforward Bitcoin and Litecoin Mining Platform with Fixed Rewards

IncCrypto is next on our list due to its user-friendly platform and streamlined mining process. It cuts out the technical jargon and offers transparent and easy-to-understand Bitcoin and Litecoin contracts to users. Fees are built into their contracts, so there are no additional fees to consider or added complexities. The platform boasts five mining farms and over 320,000 users worldwide. They also use renewable energy (wind and solar) for mining, reducing costs.

IncCrypto has various contract plans available depending on your price range. Options start at $200 a day with a fixed reward of $200 + $3 for Bitcoin. The most expensive Bitcoin plan works out as $100,000 a day with a fixed return of $100,000 + $23,000 over 10 days. Litecoin plans start at $800. Users can buy multiple contracts and mix and match them to build their desired mining portfolio.

It’s easy to get started on the platform. Simply fill out the sign-up form and choose your contracts. You can pay for your contracts using BTC, ETH, LTC, or USDT. Then, daily rewards will be deposited back into your account. The minimum withdrawal is $200, so you’ll need to wait a few days before you can withdraw your profits.

The platform also offers a one-day trial to help miners get started, as well as an affiliate program. Every customer will have a unique referral link, and if anyone uses your link to sign up, you’ll receive a 3% bonus on any purchase they make in perpetuity.

Visit IncCrypto

6.BitFuFu – Bitcoin Mining Contracts for Beginners and Experienced Miners

BitFuFu is a relatively new cloud mining platform that operates in XX with 17 mining farms worldwide. They have several strategic partnerships and institutional clients, and the company has recently been listed on the Nasdaq. Beginners can try out their $1,000 trial cash package, where BitFuFu covers the $1,000 fee, and you keep the additional rewards earned. This is a good way to try out the mining process without the complication of navigating the entire process yourself and paying a large upfront cost.

The platform is quite beginner-friendly with its “Easy BTC” option that combines all fees into one fixed-price package. Contracts start at $30 and can vary from 3 days to 50 days. While the payout is more stable and the process simplified for newcomers, the rewards will be slightly lower. As a result, others may prefer their full revenue package. With this, you’ll need to calculate the hash rate and service fees. This is a little more technical, but you will receive the full payout.

Users will receive daily payouts with a payout rate ranging from 101% to 125%, depending on the package.

The platform offers real-time monitoring services and a unique smart allocation rate that maintains a stable hash rate for Bitcoin mining. This stability and visibility create a more reliable mining service. Other features include a mobile app, hosting services, and mining equipment sales.

Visit BitFuFu

7. Gminers – Low Fee Bitcoin Mining for Casual Investors

Gminers is one of the newest crypto mining operations available to investors. In only a few short months this operation has already gained more than 3,000 active users. Not to be confused with the Gminer crypto mining software, Gminers is a cloud miner designed for even the most casual investor.

The operation’s uptime is close to 24/7. Gminers owns numerous data centers in extremely cost-effective and pro-crypto nations like Kazakhstan, Iceland, and Georgia. Payouts are daily and investors can choose from payment options like PayPal, bank transfers, or Bitcoin withdrawal to a crypto wallet.

Fees are quite low at Gminers. 1 GH/s of hash power starts at only $0.0120. Our calculations put the ROI at around 150% and you can reinvest with a new contract at any time. Casual investors can learn how their investment works through a handy dashboard that displays profits and investment data in real time.

8. HashShiny – Mine 7 Different Tokens Simultaneously

Founded back in 2017, HashShiny is one of the best crypto mining platforms for numerous reasons. Powered by hydroelectric and wind energy, HashShiny is an environmentally friendly cloud mining service. Their data center boasts more than 15,000 ASIC rigs that are guarded and serviced 24/7.

This is more than just a Bitcoin mining operation. In fact, you can mine 7 different tokens simultaneously including Dogecoin, Bitcoin, Ethereum, and Dash. Mining costs vary between each token and are charged as a hash rate fee and maintenance fee. For example, Bitcoin mining incurs a $0.0004 daily maintenance fee and a cost of $0.40 per 10 GH/s. The use of renewable energy does help keep the fees low. However, note that the payout calculators at HashShiny don’t include the maintenance fee. So, users may find that they receive lower payouts than expected.

9. BeMine – Affordable ASIC Rentals and Hosting

BeMine is a comprehensive cloud mining operation with a lot going on for investors. This platform lets users buy 1/100 of an ASIC machine or even the entire machine. BeMine’s Mining Hotel platform lets you host your own ASIC miners at any of the platform’s 4 data centers, all of which are located in Russia. You can also buy ASIC miners from BeMine that range from as little as $430 up to $16,400.

When cloud mining, you can choose which ASIC mining rig you’d like to use. This is nice because you can be sure your machine is relevant to your mining goals. BeMine offers a bonus for new users too – 3 free days of mining using the Antminer 19 machine. There are currently 4 cloud mining contracts on offer, each of which vary in hash rate and power. You can easily determine your potential 24-hour income rate. Bitcoin and Alt-miner plans start at $68.

10. TrustMining – Ethereum Specialists in Switzerland

TrustMining is a leading cloud mining operation and has earned a reputation as one of the best crypto mining sites for rig hosting. While Bitcoin mining is supported at TrustMining, this platform specializes in the ETASH algorithm for Ethereum mining. TrustMining can host your rig in its Switzerland data center, where they’ll put your rig into production and maintain its efficiency.

Overall, you’ll lose about 30% of your rewards to fees, which is in line with the industry average and leaves 70% as pure profit. Fees cover the electrical costs, accommodation costs in the data center, and a 10% commission fee. Through their partner 2miners.com, TrustMining uses only the very best crypto mining software and utilizes local European mining pools. TrustMining also allows users to mine for Ethereum, but get paid in Bitcoin. In addition, TrustMining supports crypto staking, enabling users to increase their profits with a return between 4% and 25% APY.

11. GenesisMining – Biggest Ethereum Mining Farm

With more than 2 million active miners, GenesisMining is one of the biggest crypto mining platforms available to the average investor. The data center is based in Iceland and uniquely utilizes low-cost geothermal energy to power GPU machines with in-house crypto mining software.

Tokens are mined with at least 2 mining pools and in some cases 4 pools. When a pool is detected as closing in on 50% share, GenesisMining will switch to another. 6 tokens are available for mining including Bitcoin, Ethereum, Dash, and Litecoin. It is best to pay using cryptos at GenesisMining as USD transactions have a rather limiting hash per day rate. During our reviews, GenesisMining was frequently out of stock, and it is currently rather difficult to rent a mining machine. A no maintenance fee plan is available for Ethereum mining and rentals starting at $499 and moving up to $4,999. Other plans have a fixed USD maintenance fee determined by the specific tailoring of each plan.

12. BitDeer – Powerful AI Managed Cloud Mining

BitDeer is another top managed mining operation that uses both GPU and ASIC machines. It has 5 data centers located around the world and boasts a mining hashrate of 7.0 GH/s. 3 of the data centers use 100% carbon-free power and all 5 centers combined use around 1,700 MW of power. A smart management system handles all the daily tediousness of mining to make things more efficient.

BitDeer is on the expensive side compared to other mining operations. The minimum investment is around $200 for Bitcoin. However, users will probably need to drop much more money as basic plans appear mostly unprofitable. Unfortunately, BitDeer plans are also sold out much of the time. Users can register their interest to stand a better chance of buying into a cloud mining plan.

13. LetMeCloud – Highly Trusted Bitcoin Cloud Mining

This Bitcoin mining platform is one of the most reputable organizations with a great reputation and recognition in the mainstream media. Offering 3 simple 1-year contracts, LetMeCloud boasts returns of roughly 150% with the possibility of a bonus 20-30% on top with the right plan. Payouts are made daily and a handy referral program can net you some additional commission.

While based in the UK, LetMeCloud has data centers in Norway, Iceland, Sweden, and Canada – all highly environmentally friendly locations. Those centers mostly leverage solar and wind power to keep costs down. Pricing for LetMeCloud is rather low, with 1 GH/s costing $0.0120. This means a 12-month Standard contract will set you back about $1,800.

What is Crypto Mining?

Crypto or BTC mining refers to the computational process undertaken to create new tokens for a particular cryptocurrency. The concept is fairly simple – computers go to work to solve problems and cryptocurrency is given back as a reward. However, the complete process is rather complex and requires dedicated crypto mining machines that are capable of solving advanced mathematical puzzles.

Essentially, miners act as a kind of middleman between users on a blockchain network. They validate transactions and distribute them to the ledger, thereby ensuring an irrefutable log of transactions. Miners are rewarded for their efforts with a number of new tokens.

There have been significant developments in the way people can mine cryptocurrencies, with dedicated crypto mining apps, and new methods that reduce costs and make it easier for the average investor. Cloud mining platforms let users rent a crypto mining machine and reap the rewards, while some of the best crypto mining software lets investors join incredibly lucrative mining pools.

How Does Bitcoin Mining Work?

Bitcoin mining has come a long way. Once upon a time, using a massively powerful crypto-mining rig was the only way to mine for tokens. However, cloud mining lets everyday investors mine for tokens without the need for expensive equipment.

CPU and GPU mining is the most common process of Bitcoin mining as an average investor. Both methods require incredibly powerful machines that either use the computer’s CPU or graphics card to solve the complex puzzles required to validate a transaction. Miners that solve the puzzle first are rewarded with the block of Bitcoins. The current block reward is 6.25 BTC, but this will change after the Bitcoin Halving.

The best way of mining for Bitcoin is to use an ASIC machine. These devices are specifically designed purely for the purpose of cryptocurrency mining and substantially more powerful than a CPU/GPU device. When you hear about massive Bitcoin mining companies, these are the devices they’ll be using.

Most miners will join a Bitcoin mining pool – a collection of miners using their combined computing power and sharing the results – but it is possible to go it alone. Numerous solo miners have also found success, such as the Solo CK miner that earned $220,000 from a single block in January 2022.

Is Cryptocurrency Mining Profitable?

In short, absolutely. A crypto mining machine can cost you around $2,000 if on a shoestring budget and Bitcoin miners are currently mining in the area of $20 million a day. However, low-end machines are far from efficient and with the value of Bitcoin rewards from mining set to halve in 2024, efficiency will be key. This means purchasing or upgrading your Bitcoin mining rig as more power simply means more efficiency.

According to the Digicominists Bitcoin Energy Consumption Index, a single Bitcoin transaction requires 1,449kWh of power to complete – almost two months of household power. This has prompted some miners to look for alternatives to BTC that could be the best cryptos to mine in 2024.

If you can spend the cash to obtain an efficient crypto mining machine, pay for electricity at an affordable rate, and can access quality and reliable mining pools, you may find profit in mining cryptocurrency the traditional way. Ultimately, reliable pools may be your most important factor when considering Bitcoin mining, since the chances of finding a Bitcoin block is increasingly more difficult as more miners join the fray.

In July 2022, JPMorgan put the average cost of traditional Bitcoin mining at $12,000 per year. However, a single successfully mined block would net a reward of more than $4,106,250 as of May 2024.

What are the Benefits of Mining Bitcoin?

For those wondering if Bitcoin is a good investment, Bitcoin mining poses many benefits as an investment opportunity. Using one of the best Bitcoin mining sites holds some advantages over traditional mining operations too. Mining is often misunderstood as overly complex and more trouble than it’s worth, but there are plenty of reasons why investors should consider mining. Here are three key reasons.

Earn Passive Income

There isn’t much actual work to mining Bitcoin once you get started. Even less work if you choose to use one of the best crypto mining sites from our list. Bitcoin mining is a passive earner that can simply run in the background of your life while you continue to work a day job. You can even continue to trade cryptocurrency – either as an asset or a CFD – while mining.

Bitcoin’s fixed supply of 21 million coins and its deflationary monetary policy make it an attractive hedge against inflation and currency devaluation. By acquiring Bitcoin through mining, miners can accumulate a scarce digital asset with the potential for long-term value appreciation.

Potential for Big Payouts

Trading cryptocurrencies can be difficult sometimes. Trying to predict a bull run isn’t always the easiest thing in the world and sometimes a small investment just isn’t big enough to net bigger results. Mining can provide big rewards though. The 6.75 BTC reward for successful Bitcoin mining is a massive result, while the right cloud mining pool can potentially produce bigger results than your trading strategies.

In addition to block rewards, miners also collect transaction fees for including transactions in the blocks they mine. As the number of Bitcoin transactions increases, so do transaction fees, providing an additional source of income for miners.

Abundance of Choice

There isn’t an overly linear path to success when mining for cryptocurrency. So many crypto mining platforms exist that ensure you can shop around for new and improved crypto mining pools. You can also tweak and improve your rig as more advanced technology emerges or you may find a sale on better GPU chipsets.

As miners seek to maximize their profitability and efficiency, they drive advancements in mining hardware and infrastructure. This ongoing innovation benefits not only Bitcoin miners but also the broader cryptocurrency ecosystem.

What is the Cost of Mining Crypto?

Interested in mining cryptobut unsure where to begin? Back in 2009, when only a handful of insightful people saw the potential in Bitcoin, it would only cost about $100 for a mining operation. Fast forward to 2024, and a traditional successful mining operation will run you tens of thousands of dollars. Here are some of the items you’ll be paying for.

Mining Hardware

The cost of mining hardware can vary widely depending on its computational power and efficiency. High-performance ASIC (Application-Specific Integrated Circuit) miners are commonly used for Bitcoin mining, while GPUs (Graphics Processing Units) are often used for mining other cryptocurrencies like Ethereum. Prices for mining hardware can range from a few hundred to several thousand dollars per unit.

Electricity Costs

Electricity is one of the most significant ongoing expenses for cryptocurrency miners. The energy consumption of mining hardware is typically measured in kilowatt-hours (kWh) per unit of computational power (hashrate). Electricity prices vary by location and can significantly impact mining profitability. Miners often seek out locations with low electricity costs or renewable energy sources to reduce operational expenses.

Cooling and Ventilation

Mining hardware generates heat and requires adequate cooling to operate efficiently. Cooling systems, such as fans or specialized cooling solutions, may be necessary to prevent overheating and maintain optimal mining conditions. The cost of cooling and ventilation depends on factors such as the size of the mining operation and local climate conditions.

Mining Pool Fees

Many miners join mining pools to combine their resources and increase their chances of successfully mining blocks. Mining pools typically charge a fee, which is usually a percentage of the rewards earned by the pool. Pool fees can vary but are generally around 1-2% of the mining rewards.

Maintenance and Repair

Mining hardware requires regular maintenance to ensure optimal performance and reliability. Additionally, miners may need to cover the cost of repairs or replacements for faulty hardware components. These maintenance and repair costs can vary depending on the scale of the mining operation and the quality of the hardware.

Overhead Costs

Overhead costs include expenses such as rent for mining facilities, internet connectivity, security measures, and administrative expenses. These costs can vary widely depending on the size and complexity of the mining operation.

Are Bitcoin Mining Apps Legit?

Bitcoin mining apps can be legitimate, but there are also many scams operating under the guise of legitimate mining apps, aiming to steal users’ funds or personal information. Most crypto mining apps are just games that offer a small crypto reward for playing. Profits are rarely larger than a few dollars each month and you’ll need to consider the cost of charging your device – not to mention the wear and tear too.

There are some cloud mining pools available on iPhone and Android devices too, but mostly Bitcoin mining apps are a bit of fun, rather than a genuine income generator. Watch out for apps promising high returns with little to no effort – these are red flags that should be avoided.

Conclusion

Cloud mining in 2024 is more simple than ever. With only a quick sign-up, even the most novice of investors can mine cryptocurrency without buying any expensive equipment.

Based on our reviews of the best Bitcoin mining platforms, we think Bitcoin Minetrix is the top choice for most investors. Users have complete control over their very own mining operation with a unique dash, and it offers a novel stake-to-mine model using Ethereum, which is more eco-friendly than Bitcoin’s blockchain and requires no technical skill or upfront investment.

Best Bitcoin Mining Platforms FAQs

What is Bitcoin mining?

Bitcoin mining is the process in which individuals or organizations use powerful computers to solve puzzles that validate Bitcoin transactions on the blockchain network. The reward for solving a puzzle first is a Bitcoin block currently consisting of 6.75 BTC.

What is the best site to mine for Bitcoin?

We think the best Bitcoin mining site is Bitcoin Minetrix, as it offers a mining system that requires no expensive hardware or technical knowledge.

How do I mine Bitcoin?

There are two main methods for mining Bitcoin: cloud mining through platforms such as Bitcoin Minetrix or traditional mining using a Bitcoin mining rig.

What is the best cloud mining site?

We recommend all of the cloud mining services in our list of top Bitcoin mining sites. Bitcoin Minetrix is our top recommendation because it’s quick to get started, and suitable for experienced miners, as well as those who are just getting started.

Can crypto mining make you rich?

In theory, crypto mining has the potential to make anyone rich. However, it won’t happen to everyone and there are many factors to consider and costs to undertake to be successful at Bitcoin mining.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.