Best Crypto Mining Platforms
Cryptocurrencies have always had a volatile reputation, just like the volatile value of cryptos in the online market. However, in the last few years, cryptocurrencies have boosted in popularity (read this – what is crypto staking).
This boost in popularity led to more interest and investors in these digital currencies. It also opened up a slew of new jobs related to cryptos, one of which is cryptocurrency miners. As this practice became more popular, several best crypto mining platforms popped up online.
Unlike an app or platform where you need to solve hash puzzles, crypto yield farming refers to when you lend or stake your cryptocurrency holdings. It’s a form of passive returns, and the farmers’ returns are measured annually.
Using a crypto mining mobile app or cloud mining, you solve cryptographic hash puzzles to validate transactions. If you’ve successfully solved the puzzle, you receive proof of work and earn returns based on your contribution.
Legit crypto mining apps for Android, iOS and web-based software provide pools that miners can join. Working together or solo, if you have the hardware and capability, then you can solve hash puzzles that validate a crypto block. These online platforms allow you to mine cryptos and create coins by solving these puzzles.
✅ While using a mining crypto platform started as profitable, it’s not as profitable these days. With many miners using the servers and pools, the returns become divided and are pretty low if you’re not fully invested.
There’s no guaranteed figure to give in answer to this question, but we can speculate on the number of miners worldwide. Looking at Slushpool, you’ll find around 200,000 miners using the software, with CryptoTab Browser having over 25 million users. While not all those users are miners, if you assume similar platforms have around 200,000 miners on average, you can easily speculate that millions of crypto miners are out there.
Establishing a set number for how many available crypto mining platforms there are is difficult, as new ones always pop up. We can estimate that there are easily over 100 possible platforms, but probably only about 15 to 20 of these platforms are well-known and reliable.
The question of how much crypto mining make depends on the miner’s skill, hardware and the platform they’re using. If you’re a miner of the best cryptocurrency to mine on mobile, then your chances of earning a profitable return are lower. If your proof-of-work is less than others, it also means less profit. You can earn anything from €0.50 per session to €16,000 monthly.
The question of when crypto mining will end has no clear answer, as it depends on various factors. While mining for one crypto might end as it reaches its coin limit, this doesn’t mean there’ll be fewer miners of cryptocurrencies. This market is still developing rapidly, and the end of these platforms isn’t yet in sight.
Looking for where to buy crypto mining equipment can become taxing if you’re not entirely sure what you need or what’s the best. We looked at the best platforms, and most of these platforms also offer you some of the best equipment for miners.
Please look at our recommended crypto mining platforms and Android apps to find the best sites and software for cryptocurrency miners.
If you want to start a business in this industry, then you first need to create a legit company like any other business. After forming a business plan, you must register the company and ensure all applicable licences, permits and insurances are covered. Ensure you have a user-friendly website and the hardware to run the business.
These platforms use a lot of electricity and energy to run the software and systems. While measuring this process’s carbon footprint and energy usage is a bit complicated, we can calculate estimates. Studies have speculated that Bitcoin, the best crypto to mine on Android, uses around 130.3 Terawatt-hours, which translates to about the amount of power an average household uses in almost 50 days.
If you’re wondering why crypto mining became so popular, the simple answer is that it offered a relatively quick profit to miners. However, to understand this industry, you also need to know how crypto mining work is done before deciding to invest in it.
We looked in-depth into the best cryptocurrency mining platform, as many options are available when you start. You have your pick of platforms, from Alibaba crypto mining to crypto mining on GCP.
However, not all platforms are equally easy to use. That’s why we reviewed each platform and narrowed it down to the best crypto mining platform options and the best crypto mining mobile app.
Crypto Mining Benefits
Cryptocurrency mining is a job where you solve complex mathematical equations to validate a crypto block and transactions. It would be best if you had high-performance hardware to complete these tasks, and often you’ll find different miners teaming up to create a pool (read this – best Ethereum mining pool).
A pool is a group of miners working to validate transactions, as it makes it easier to solve and acquire hardware than if you do it on your own. This process creates new digital coins, and solving the complicated cryptographic hash puzzle means you receive the proof of work.
You receive a fee when you’ve validated a transaction, which is the main benefit for crypto miners on cryptocurrency mining platforms. Crypto miners are in this for the profit they make, as it’s a relatively simple way to earn money, especially if you use a cryptocurrency mining platform.
With different platforms, apps and web based crypto mining now possible using software like oracle cloud crypto mining, you don’t even always need high-performance hardware.
It also allows tech-savvy people to test their skills while contributing to solving hash puzzles. If you’re a crypto miner, you’re also directly involved in the system and have veto power on network protocols and changes, depending on your miner’s skill.
Another benefit is that miners play a significant role in realising the ideal of a decentralised network for digital currencies. It’s the first step to decentralised financing that’s not controlled by any one authority.
If you want to contribute towards that ideal, then becoming a miner will make you a significant contributor towards reaching the goal of decentralised transactions.
Best Crypto Mining Platforms
Using cloud cryptocurrency mine platforms means that you don’t always need expensive hardware. It makes it possible for almost anyone to become a miner.
Many established and new crypto mining companies are available online. Examples are the MMC crypto mining and trading platform and Google Cloud crypto mining.
Crypto mining on Google Cloud isn’t as common as on some other platforms. However, it’s been making a name for itself. It also introduced a malware threat detection service for cryptocurrency miners.
Yet the crypto mining Google Cloud service isn’t the best crypto mining app for PC. We looked at some of the top platforms available, seeing what services these platforms offer and which is best to use depending on your skill as a miner.
ECOS
This platform offers a wide range of services, from crypto exchanges and a wallet to cloud mining contracts and is a contender for the best platform for crypto mining. While the cloud mining contracts are only available for Bitcoin miners, this crypto mining management software offers many great features.
Your cloud miner’s contract can start at around €75 and go up to €50,000. This contract is valid for 15 to 50 months, depending on your chosen option.
You can also buy the Bitmain Antminer feature, which will automatically mine coins for you at ECOS’ mining facility. Offering the best crypto miner for Android and iOS devices, you can also test the platform with the free one-month cloud miner’s contract.
Slushpool
As the world’s first crypto pool, Slushpool offers an excellent opportunity for new or experienced miners looking to join a large pool.
This cryptocurrency platform for mining lifts some of the burdens from your shoulders regarding hardware requirements and has servers and pools available in many countries.
While it offers a mobile app you can use to monitor your account, it’s not the best crypto mining app Android or iOS users can find, as you can’t mine cryptos using the app.
This site mines almost 3.5% of all Bitcoins, and the fee for using the pools on its server is 2%.
Zionodes
If you’re new to the crypto scene, then Zionodes is one of the top crypto mining platforms for you. It’s effortless to use, with a user-friendly interface, smooth UI and fast registration process.
You can check your earnings in real-time with the dynamic dashboard that constantly updates, ensuring you can keep track of your process.
You can also become the exclusive owner of the hardware you purchase and no longer need to stress about available computer power if you use this site. You can purchase and become the owner of the remote mining modules used to operate the site. As the owner of these modules, it’s easier to operate at your pace and convenience.
StormGain
Another great option and the best cryptocurrency mining app for Android and iOS if you’re a beginner is StormGain. StormGain is one of the easiest and simplest crypto mining platforms to use, requiring almost no effort on your part.
It’s a process that simply requires one click from miners and offers other services like an exchange platform, wallet, etc.
It has some drawbacks, being that you can only mine Bitcoin, and you need to activate the process every four hours to mine cryptocurrencies. StormGain also offers levels where you earn more profits per session the higher your level becomes.
BitFuFu
BitFuFu might not offer the best mobile crypto mining, as the mobile app is only used for account monitoring, but it offers several hosting products and cloud services for miners. You can use the servers to become part of the pool as a cloud miner, or you can host your own pool.
You can choose your hash rate when purchasing hosting products and choose a contract period from 30 to 360 days.
BitFuFu offers a partnership with several pro miners, like BITMAIN and Core Scientific, and you can also mine several cryptos, like Bitcoin, Ethereum and more.
Best Cryptocurrency Mining App for Android
We also looked at the best crypto mining apps for Android users. The best crypto to mine on mobile is generally Bitcoin, as it has a considerable number of miners’ platforms and is often easier to manage than other cryptos.
CryptoTab Browser
Possibly the best Android app for crypto mining, CryptoTab Browser is also the first browser that offers built-in features for miners of cryptocurrencies. It’s part of Chrome, and the Bitcoin service for miners is a bonus feature. While it’s not technically an official app, it’s one of the best mobile options for Android users.
It’s rare to find free apps for miners, as most open source software is catered towards the desktop. However, CryptoTab Browser offers different packages with low fees and can be used on any device.
It’s the next best option, being easily accessible, charging low fees and can be used on multiple devices at once.
Doge Miner
This miner is probably the best free crypto mining app for Android available to miners. It’s started for miners of Dogecoin and offers in-app purchases that make it easier to mine. You can easily view your total returns at the end of the day and offer a user-friendly interface.
This app accepts various payment methods and supports several cryptos, from Dogecoin, Bitcoin and Ethereum to Dash and Litecoin. We definitely recommend giving this mobile app for crypto mining a chance if you’re not yet sure whether being a miner of cryptocurrency is for you or not.
Boleh Miner
Boleh Miner isn’t only a reliable app but also an extremely fast cryptocurrency mining mobile app. You don’t need any fancy graphics card or software to run it, as long as you have a simple Android mobile.
The user-friendly platform allows you to start your miner’s activities within minutes, even if you’re a beginner.
It’s also constantly expanding and supporting new cryptos that aren’t as over-mined as Bitcoin. Currently, the app supports Dogecoin, Litecoin, Monero and Dash.
What Is Web Based Crypto Mining?
Web-based cryptocurrency mine software has a chequered past and is often associated with malware or illegal sites. The premise is that a website will embed the software into its site, and visitors will essentially mine coins for them.
Unlike cryptocurrency miners using a file-based system, it operates using a scripting language. Although it was thought to be inefficient and used by untrustworthy sites, it’s since made a change, and many brands now use this software.
Sites like Coinhive provide the javascript needed to implement web-based cryptocurrency mining. While some people can still use it for cryptojacking, you’ll also find reliable web-based cryptocurrency mine sites.
An example is CryptoTab Browser, which is a reliable web-based crypto miner. Nowadays, web-based mining of cryptocurrency simply refers to miners using a browser to mine instead of downloading software or installing an app.
There are many pools and platforms you can find that offer web-based mining.
Can You Make Profit With Cloud Crypto Mining?
When cryptocurrency mine platforms first started popping up, it was easier to make a profit, as there were fewer miners.
As cryptocurrencies gained popularity, it became more challenging for cryptocurrency miners to make a profit. This difficulty was even more prevalent as a cloud miner, as you share the pool and these rewards with other miners.
The actual cost crypto miners need to pay to mine increased over the years, and individual miners often struggled to achieve substantial returns, especially as commercial miners entered the market.
Studies have shown that around 90% of the cryptocurrency mine market is controlled by the top 10% of elite miners. It also showed that around the top 0.01% of the elite miners control up to 50% of the mining capacity.
As such, it’s not that you can’t make a profit, but unless you have the hardware and skill to dedicate your time to this venture, it shouldn’t become your main form of income.
Depending on your platform, miner’s ability and other factors, you can earn as low as €60 a month or as high as or more than €16,000 a month. However, it would be best if you also kept in mind the membership costs, etc., it takes to mine cryptocurrencies.
Conclusion
There are many online platforms miners can use, but it’s often not easy to know which is the best platform. We looked at several top platforms and mobile apps for Android users. Whether a beginner or experienced miner, you can always benefit from using a better platform or app.
While it’s become increasingly challenging to earn substantial profits as a crypto miner, it’s not impossible. Using a good platform or app makes it more likely to earn at least some profits that make the process worth it.
Depending on your needs, we recommend a few of the best crypto mining platforms for cryptocurrency miners, no matter if you meet the hardware requirements. Choosing to start your own mining business, pool server or join a cloud server pool, you’ll have several options available to start your foray into this market.
