CrypoCurrency Mining can be very difficult, and very confusing. Not know where to start or what direction you should go into. In this article, I have compiled some resources for your average person to get into cryptocurrency mining whether it may be cloud/contract mining, or mining with a pool at home. There are many ways you can benefit from the cryptocurrency mining industry.
Please note that the listed companies in this section is NOT endorsed by them. There has been enormouse amounts of Cloud mining scams in the past couple years. Most noteworthy, please do your research. These are some of the companies I have done my research on and seem to be trustworthy.
What is Cloud Mining?
Cloud Mining lets users purchase mining hardware from mining companies. The Companies take care of all the work. Furthermore this enables people to earn cryptocurrency without dealing with hardware, programming, power, internet bandwidth and other things. You wont have to deal with any hassles of the maintance thats usually encounter by these mining operations.
Genesis Mining provides couple different plans for Bitcoin mining along with GPU mining for Ethereum, Zcash, Litecoin, Cash, and Monero. They are one of the largest mining contract providers out there. The company was founded in 2013. However Genesis is also registered with SEC for a Bitcoin Mining fund. Mining operations are in Reykjavik, Iceland.
Their plans are very affordable for everyone. So everyone can have a taste and take part this in growing industry.Get a 3% Discount for using promo code pzhnFD in the promo code box when paying.
Hashflare is a new range of cloudmining services brought to you by the HashCoins team of cryptomining experts. Their goal is to make mining accessible to all users regardless of age, location, investment, technical nouse or experience. Their maintenance fees are low, consistent payments, fantastic connection and unlimited term contracts.Great feature they have as well is you can buy & sell hash rates to hashflare. You can use your computer to contribute to the mining. Hashflare will take care of this for you and you will also get paid.Get a Discount on Hash Power packs with code: 3FB0268B
Sign Up with HashFlare
Bitclub Network is a special type of mining service. They found a way to crowd fund their mining operation. However, Bitclub is also verified on the Bitcoin Mining blockchain. You can also see their proof of blocks they hit via blockchain.info. In addition the great thing about Bitclub and Bitcoin is that they are transparent, you can see everything in bitcoin including Bitclub Network’s wallet address for mining. All of those funds are withdrawn and spread out amongst theirs members.With a $600 investment you can start mining for a life time. Your contracts do not expire. However you may see 1000day contracts. The contracts are automatically renewed with the reinvestment plan/maintenance fees.Finally, to join Bitclub you have to be invited. Invitation link here. Nice thing about Bitclub is theres a busines model along side the mining contracts. Furthermore, you can make decent commission when sharing this with others.Invitation to Bitclub
Hashing24 has its addresses and offices listed publicly on its website. The offices are located in Thailand, Ukraine, and Scotland. They let you set a custom plan. You can rent exactly the amount of hash power you want, or spend only a certain amount on hash power if you are on a budget. One unique feature is that Hashing24 actually sells you ONLY newly minted bitcoins. This proves that the company is actually mining and not selling you bitcoins they’ve already been holding.
Hashing24 is listed as a partner on BitFury’s website.Sign up with Hashing24
Mining at Home
If you have computers at home or at work just laying around and you want to put it to good use…. these companies here can help you pool with them for mining cryptocurrencies. You can even get your own GPU mining rigs if you want to scale it up. Figure out whats best for you!
There are 2 companies that I found legit throughout my research.
NiceHash is a special multi-mining pool as it allows users to mine any hashing algorithm and to sell the hashing algorithm in the Nicehash hashpower exchange to users that want to buy a profitable mining contract. They charges a 3% fee and miners are paid in Bitcoin. An excellent platform for people looking for multipool mining or a way to buy and sell hashpower. Selling your hashpower with NiceHash is usually more profitable than mining the cryptocurrency itself. They also provides help for large mining operations that are in need of technical help.Sign Up with NiceHash
MinerGate is an established smart-mining multipool that allows users to mine the most profitable cryptocurrency at the time. MinerGate allows users to mine coins through a smart-mining option or choosing your favorite cryptocurrency manually. Merged-mining is available for FCN and MCN, allowing you to mine two currencies at once without the loss of hashrate for the main coin. Bitcoin mining is allowed though cloud mining, the outsource mining that can be joined by buying hashing power. You can simply download their application and mine from your own computer.Sign up With MinerGate
All these companies are great, I am using all of them. Therefore, do your own research and figure out what works best for you. Personally, I am heavily invested into Genesis and Bitclub Network as their payouts are the best. If you have any questions please comment below.
Before I start this article please know that I am NOT a Financial Advisor, everything you do with your money is at YOUR OWN RISK! I am NOT responsible for your money. I’m only sharing how I strategize my investment.
Please also Note that there are many Scams dealing with Bitcoin and crypto currencies. About 98% of investments claiming you make 2% a day or more, or they can double your bitcoin in 30 days is probably a scam or a Ponzi scheme. So please be careful!