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Legit Sites for Crypto Mining

crypto Mining

September 7, 2020 | 

JOHN K MWANIKI |  1 Comments| 

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Two of the reliable ways to acquire crypto are through mining or purchasing. Most of the coins are too expensive to purchase. This leaves mining as the best alternative. Mining, however, also requires special machines. The machines are costly to buy and maintain. They also consume too much energy

Still, there are ways to mine cryptos without buying, installing, or running a mining machine. This is through the mining sites. Several mining sites are available with varying provisions. Here are 5 of the best crypto mining sites;

Genesis Mining 

Started in 2013, Genesis mining is one of the earliest sites to open its facilities for public miners. The site has built a reputation as one of the best in crypto mining. It takes pride in offering industry-leading services. It facilitates clients' access to the small, medium, and large mining contracts. 

Genesis Mining provides multipool techniques to convert altcoins to Bitcoins. The Bitcoins are then transferred to the wallets. Starting mining in the site is straightforward. Users can start mining immediately after signing the contract. 

Starting to trade on Genesis is also quite affordable. It does not require any special equipment to operate. The setup process is relatively easy and does not require any special knowledge. 

Customer service is another sector the site excels in. It comes with an interactive and updated website. The site provides an introductory video to learn everything about the company. It also has responsive customer support in case of any concern. 

Genesis mining supports Bitcoin, Ethereum, Dash, Litecoin, Monero, and Zcash. 

Hashing 24

Hashing24 is another reliable site for those looking for convenience in Bitcoin mining. Started in 2011, the company offers reliable industry services. It provides turnkey renting solutions from top mining data centres.

The company offers payouts based on the overall network hash rate. It uses the latest ASIC chips to ensure top productivity. These tools also guarantee the most productive gain. 

The site comes with an assured 100% uptime. It has expanded with data centres in several locations. Some of the data centres are in Iceland, Georgia, Canada, and Norway. 

The company also offers attractive pricing for electricity and maintenance costs. The only concern that comes with Hashing24 is the limited cryptos. It currently supports Bitcoin as the only minable coin.

Hashflare

Hashflare is one of the most affordable and speedy crypto mining companies. It comes with easy to start mining and fast payouts. The site also supports instant withdrawals.

The site does well in real-time information. It has a well-updated database on real-time transactions. It thus is a leader in transparency. The visible transactions also help avoid any concern on hidden fees. 

Hashflare supports several coins. It has facilities for Litecoin, Bitcoin, Ethereum, Zcash, and Dash. The site is also beginner-friendly. It comes with an interactive portal that is easy to use. The customer support is also at hand for any matter arising. 

While the site has been active for some time, it currently seems on downtime. It has suspended the signing of new contracts. 

CCG Mining  

Started in 2016, CCG Mining has grown to be a reputable mining company. The company takes pride in offering the fastest hash rate at some of the most competitive prices. The mining company has been growing over the years, with data centres spread in different countries.

CCG Mining has already attracted over 10,000 private miners and more than 135 companies. The upsurge in the crypto world will see it attain more. Its access from anywhere in the world makes it a big deal. It also supports the less experienced in the crypto world. 

The company is excellent at transparency. Unlike other miners, it has a list of executives. The company is also available on all the major social media sites.

CCG Mining supports most of the major cryptos. On its portfolio are Bitcoin, Bitcoin Cash, Monero, Ethereum, and Litecoin. It also has a profit calculator to understand the possibility of returns. The website is well-updated with all the information on the mining business. 

Hashnest

Launched in 2014, Hashnest is another reliable crypto mining site. It is a product of Bitmain, one of the most popular ASIC mining hardware manufacturers. Users on this site have access to some of the best hardware in the industry. The site operates on Antpool, one of the largest mining pools ever. 

Hashnest has grown over the years to build several data centres across the world. Its mining farms across the world are also quite popular. The site currently tops mining hardware in the form of StrongU miner and some of the Antminers. 

Unlike other mining sites, Hashnest has a unique and active market. Users can buy or sell hash rates depending on their needs. It also befits long term traders as the cloud mining in Hashnest lasts forever.  It supports Bitcoin, Dash, Litecoin, and Zcash mining.

Observing the mining progress is quite efficient using mobile wallets. Mining on Hashnest is also quite affordable. It applies a Payout Accelerate Cloud Mining Contract that exempts miners from incurring the electricity costs. It also provides for rolling payouts depending on the block found. 

The primary concern with Hashnest is that some of the miners can run out of stock. It also terminates contract after ten days continuous when the payout is less than the maintenance cost. It has no provision for cancelling orders or refunds.

BitDeer

BitDeer is what every other mining site aims to become. The site has taken a futuristic approach to mine, making it a worthwhile experience. It partners with AntMiner for some of the most reliable mining machines. 

BitDeer is ever looking for ways to provide competitive miner advantages for the users. It takes care of all the operations and electricity needs. It also tests and connects the pools and ensure the availability of mining rings. 

The mining site comes with the necessary transparency. It allows miners to track the leased equipment power in the Bitcoin blockchain. One starts trading on the site immediately after sorting the mining contract. It comes with a wide range of mining contracts and produces no noise. 

The site was one of the first to launch the extremely efficient S19 Mining Plans. This is a show of how much the site invests in the systems. It also boasts some of the most reliable customer services. The support comes with instant replies in case of any concern.

Factors to Consider When Choosing a Crypto Mining Site 

Choosing a crypto mining site takes time. You need a site that comes with assured return on investments. Using the ideal crypto mining site comes with the required rewards. You don't want to spend thousands of dollars and see them blow up. 

Here are some of the top factors to consider when looking for a crypto mining site;

Security 

The safety of your investment is all you need before putting your money anywhere. There have been several cases of crypto site scams. You have to do due diligence on a site before using it. Look into its reputation and other user reviews.

You also need to understand the security measures of the site. It should protect against hackers.

Infrastructure Compatibility 

There are several mining devices in the market. Several more keep on hitting the markets. Not all of them are compatible with your devices. These devices come with varying processing power. 

Some also prefer compatible devices. For example, some discourage phones or CPU-based mining. 

Some sites might also come with network and connection provisions. Only join a site if you meet all the qualification standards. 

Fee Structure 

The other primary concern is how much you will make from the site. Different mining sites come with varying earning systems. While some sites charge a nominal fee, others don't charge anything. Others may also come with a limited time offer. 

Look out for the cost of working on the site. Understand the hash rates and other market rates. 

You also need to understand who takes care of the electricity and maintenance. These expenses can eat into your earnings. Some sites also pay differently based on volatility. Only use a site when comfortable with the payment structure. 

Payout Threshold 

How long you are willing to wait for your earning matters. Most of the top crypto mining sites allow same day payout. Look for a site with a shorter payout period. This protects you from possible losses and uncertainties. 

The type of devices you use should also meet the payment threshold of the site. It would help if you had high computational power for high-threshold sites.

Bottom Line 

Settling on a mining site takes time. The miner has to look into the security, hash rates, among other provisions. This list provides some of the best crypto mining sites to consider.

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batholomew brown
batholomew brown . I’m a bitcoin trader and the time I’m writing this blog I can’t find a single review about many bitcoin trading signal services and companies. I have lost lots of money testing them for over an year. I don’t want you to be scammed too.

0     Reply    4 months ago from: Canada

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