Top Ten Bitcoin Mining Platforms
Bitcoin has become a valuable commodity in its own right and perhaps the hottest investment opportunity of our time. This article will take you through all the top ten major Bitcoin mining platforms, explaining what each platform offers for both beginners and expert Bitcoineer.
- Bitcoineer App
Bitcoin is one of the most popular mining platforms, with around 100% of the market. Bitcoineer flagship service starts with a free plan, which allows you to mine for as long as you like on any specified amount of hardware anywhere in the world.
- Bitcoin Cloud Mining
Cloud Mining is a form of remote Bitcoin mining that lets users purchase hashing power from a third-party service provider and connects to an existing pool or use your hardware to mine Bitcoins at their location (client-side).
Binance is a cryptocurrency exchange based on blockchain technology. It was created in China and was launched in 2017. It offers BTC, BNB, and ETH trading. Binance started as a low-volume exchange with a small market share in Asia but gradually expanded its operations to the rest of the world.
- Bitcoin Mining Pools
Bitcoin pools allow Bitcoin miners to contribute their hashing power to help the Bitcoin network by solving the Proof-of-Work (PoW). A miner who utilizes a pool is merely joining multiple miners who work together to earn more bitcoins than they would by mining directly.
- Genesis Mining
Genesis Mining offers SHA-256 mining contracts and more profitable Scrap mining contracts used to mine Bitcoin. The SHA-256 contract provides you with stable rewards and more predictable earnings than a bitcoin cloud mining contract would offer.
Nicehash is one of the most successful Bitcoin cloud-mining options. It offers SHA-256 mining contracts used to mine Bitcoin and Zcash. The only issue with Nicehash is that it uses the Proof-of-Work (PoW) algorithm, meaning that your computer and hardware need to be powerful enough to mine Bitcoin profitably.
This fully decentralized Bitcoin cloud mining platform allows anyone to earn Bitcoins by renting out their computing power on a 7% monthly return. However, this requires time and energy just like other cloud mining platforms do (the key difference here is that you earn Bitcoins on your laptop rather than in the cloud).
HashFlare is another cloud mining platform that uses modern equipment to mine Bitcoin. You can use HashFlare’s HashCoins to buy cloud-mining hash rates and different mine altcoins.
Coinmine was created as an alternative to the popular Nicehash. It offers two main products: One is a standard Bitcoin contract that has a low maintenance fee, but there are some other drawbacks, like slow growth of the coins and no withdrawal fees, resulting in comparatively lower earnings than with the other contracts.
If you are interested in mining Bitcoins, consider joining one of these pools or cloud mining services. However, doing your own research before signing up for any of them is a good idea. I also recommend reading our article about the best Bitcoineer mining software.