Even your personal computer is capable of earning some dollars while you watch your favorite show on Amazon Prime or Netflix. In this article, we will be discussing various crypto mining platforms for you to earn some passive income.
Mining is considered as the lifeline of crypto space. It validates the ongoing transactions and produces new cryptos that are in circulation. In simple terms, a miner solves some complicated mathematical problems to verify each transaction. It is the process by which the miners trade their electricity and computing power for a block reward. A block reward is an incentive for the miners to support them to sustain the blockchain technology behind digital currencies.
Advantages Of Crypto Mining
If you are a cryptocurrency miner, then this can be a good side gig. With little analysis, you can develop a passive income that is based on your computing power without anything to do with it.
Along with that, you can be an important part of the crypto movement, as miners are the main contributors to making decentralized finance (DeFi) a reality. Finally, a miner has the veto power for any alteration in the network protocol.
Who Can Mine Cryptocurrency?
In general, any user with a supported wallet, powerful hardware, and a good internet connection can start to mine digital currencies. It also varies on the type of digital currencies you choose to mine. You can either select solo or pool mining.
In solo mining, the user alone solves for the hash, while it is more like a group effort in the case of the pool. Similarly, it also depends on the types of hardware that you have developed, GPU, CPU, or the professional ASIC miners.
Top Crypto Mining Platforms For 2022 And Beyond
In this following section, we are going to discuss some of the important crypto mining platforms that make the process of mining easy, discarding much of the technical setup.
Before starting, ensure that you have a digital currency wallet and also a crypto mining software that supports your choice of digital currency. Here are the top crypto mining platforms precisely curated for you.
StormGain is among the simplest crypto mining platforms. It has a one-click mining option that does not consume from your local resources, and it is completely free. As promoted, this is an all-in-one digital currency platform. You can purchase, sell, exchange, trade, and mine. Mining on this platform is limited to BTC and is done on StormGain servers.
Now the twist is, first, mining is conducted in a 4 hours shift. So, the user will have to click to stimulate the miner every four hours. Along with that, if you aren’t trading on StormGain, then mining speed is slow to the extent that you would be mining a minuscule 0.5 USDT (~USD) every mining session.
And second, the user will have to raise their trading level to enhance their mining speed. In Particular, there are six more levels along with the starter. The top most level is VIP 3 for traders who have 75,000,000 USDT trading volume every calendar month. With this highest level, the miner can have a free mining income of nearly 16,000 USDT every month.
Trading, withdrawals, and exchange fees are particular to coin type. But, the deposit is free of any commission. StormGain has its own applications for iOS and Android. This is considered among the best crypto mining apps for Android. The user can also use it as a web application. Once and for all, this crypto mining platform is ideal only if you do-it-all with crypto.
This is also a cloud mining platform. And the process of mining in this platform is also similar: registration, contract, and then mining. They pay the user daily, no matter the amount mined with their hash rate. There is a minimum deposit of $150, and this platform mainly supports the mining of Bitcoin.
Another crypto mining site is Slushpool. Slushpool is a great place to step in for anyone focusing on pool mining. It is among the veterans in Bitcoin mining currently mining nearly 3.5 percent of all BTC. SlushPool takes 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 utilized as an account monitoring tool. This platform clearly mentions that the user cannot mine with its mobile app. This is also the best bitcoin mining app Android 2022. This platform has 2FA (two-factor authentication) for additional security. Along with the regular one-time passwords, the user can use FIDO2 compatible physical authentication devices like the Yubikey or TREZOR. While the minimum payment is 0.001 BTC, the user pays a payout fee of 0.0001 BTC for transactions below 0.01 BTC. The same goes for payouts of Zcash.
This crypto mining platform calls itself a full-matured crypto investment platform. And when the user sees their breadth in the crypto space, they might think the same. It has a digital currency exchange, wallet, cloud mining contracts, and also crypto portfolios for investors. Besides, Ecos also has a handy mobile application. It is available at the Google Play and App Store. This is also the best mining software for Ethereum.
This is a unique idea to mine digital currency while browsing. It has mining characteristics built-in. CrytoTab Browser assures automatic algorithm altering to boost profits. Along with that, it also promises no battery drain or overheating while serving with its in-house browser.
It transforms all the rewards in BTC. The minimum payout listed is 0.00001 BTC. The user can earn by mining hardware and also receive a commission for referrals. This browser is accessible for Windows, Android, Mac, and iOS. This is suggested for non-tech users who aim to have a minimum taste of digital currency mining.
Summing Up On Top Crypto Mining Platforms
With digital currency becoming a household term, crypto mining is at an all time high. There are numerous crypto mining platforms that are operational at this moment.
While it looks logical to put the idle power of computing at crypto mining, some amount of technical proficiency is required to get profits and avoid the losses. While selecting any crypto mining platform, the important factor remains supported coins, reward system, mining algorithm, withdrawal fees, minimum payout, and users review.