Unless you are looking to invest tens of thousands of dollars into specialist hardware and electricity consumption – you likely won’t get rich Bitcoin mining. For a low level of passive income however, there are now a number of leading cloud-based sites that enable you to mine Bitcoin without needing to purchase any ASIC kits or consume vast amounts of energy and power.
Instead, it’s just a case of investing some money into an allocation of mining hash rate or power remotely. In this guide, we compare the best Bitcoin mining sites online and whether or not this niche market is worth it.
Best Bitcoin Mining Sites – Top List
For a quick overview of the best Bitcoin mining sites on the market right now – below are 8 top providers. We’ll also review other passive income streams in crypto.
- Shamining – Overall Best Bitcoin Mining Site
- ECOS – Great Crypto Mining Site for Custom Contracts
- GMINERS – Average Bitcoin Mining Yield of 150%
- ChickenFast – Top Platform for Beginners to Mine Bitcoin
- HashShiny – Cloud Mining Site That Supports Multiple Coins
- BeMine – Variety of Cloud Mining Contracts With Clear Payout Information
- TrustMining – Cryptocurrency Mining Site for Small Casual Investors
- Genesis Mining – User-Friendly Mining Platform With Contracts That Often Sell Out
Read on to find out which coins the above crypto mining sites support – alongside fees and potential ROIs.
The Best Crypto Mining Platforms Reviewed
When searching for the best crypto mining platforms, you first need to ensure that your chosen provider is legitimate – as there are many scam artists operating in this space.
You then need to explore what coins the platform allows you to mine and what setup costs you will need to meet. Then, be sure to assess what fees apply and how much you can earn in terms of the ROI.
Taking the aforementioned metrics into account, below you will find reviews of the overall best Bitcoin mining sites to consider today.
1. Shamining – Overall Best Bitcoin Mining Site
When it comes to reputation, profitability, and fees – Shamining is arguably the best Bitcoin mining site. This platform is a cloud mining site, which means that you can earn a passive income without needing to actually buy any hardware equipment or consume vast amounts of electricity. Instead, you will be renting a Bitcoin mining rig remotely.
This perhaps sounds more complex than it actually is. After all, in order to get started on the Shamining platform, it’s just a case of registering an account and deciding which Bitcoin mining farm you wish to invest in. Then, you can start generating income by making a deposit to pay for your crypto mining contract.
The minimum deposit required at this popular Bitcoin minimum site is just $250.The platform notes that the average income multiplier is 1.43x, so this means that for every $1,000 invested – you can walk away with the crypto-equivalent of $1,430. We like the fact that Shamining has been around since 2018 and that it has been used by over 70,000 people.
Shamining offers a variety of contracts that you can choose from – each of which comes with various minimum investment requirements and lock-up terms. With that said, if you’re unsure which contract is right for you – Shamining offers a useful calculator that allows you to assess what ROIs are available based on the amount you invest.
When it comes to fees, charges are built into the ROI that you see. As such, this makes it easy to assess your crypto mining profitability levels. We like that Shamining enables you to cash out your proceeds whenever you like, albeit, you must wait for the respective contract to settle. You also have the option of reinvesting your profits to benefit from compound interest.
| Number of Supported Coins | 1 – Bitcoin |
| Minimum Investment | $250 |
| Mining Fees | Built into the ROI |
| ROI | An average multiplier of 1.43x |
What We Like:
- Overall best Bitcoin mining site
- No requirement to buy specialist hardware
- Minimum investment just $250
- Established in 2018
- An average multiplier of 1.43x
2. ECOS – Great Crypto Mining Site for Custom Contracts
ECOS is home to an extensive crypto ecosystem that covers a variety of products and services. In addition to cloud mining, ECOS also offers a secure wallet and a leading crypto exchange. You can get started with this platform online or via the iOS/Android app. We like ECOS for its customization tools, which allow you to create a Bitcoin mining contract that meets your requirements.
For instance, you can set parameters linked to the contract duration and price. You can even state what price you believe Bitcoin will be when your custom mining contract expires, which allows you to get a clearer idea of the potential ROI on offer. In terms of profitability yields, this will ultimately depend on the contract that you create.
As a prime example, let’s say that you opt for a 36-month contract and you believe that Bitcoin will be worth $60,000 when it expires. In this scenario, your RIO would amount to 99%. We also like that ECOS breaks down your profits on a daily, monthly, and annual basis.
Using the same parameters and based on an initial investment of $5,000 – this would yield $278 per month in passive income. In terms of supported markets, just like Shamining, you can only engage in Bitcoin mining. Nonetheless, another benefit of using ECOS is that the platform offers real-time customer service via a live chat facility.
| Number of Supported Coins | 1 – Bitcoin |
| Minimum Investment | $150 |
| Mining Fees | Service fees depend on custom contract |
| ROI | Profitability depends on custom contract |
What We Like:
- Create a custom mining contract to meet your ROI requirements
- Profits are broken down on a daily, monthly, and annual basis
- Great mobile app
- The minimum contract value is just $150
3. GMINERS – Average Bitcoin Mining Yield of 150%
Next up on our list of the best crypto mining sites is GMINERS. In a similar nature to both Shamining and ECOS, GMINERS is a cloud mining platform that specializes exclusively in Bitcoin. As such, if you’re looking to mine other digital currencies like Ethereum or Dogecoin, you will need to consider another provider.
Nevertheless, this Bitcoin mining site offers an average ROI of 150% – which is very competitive. In order to get started, you will need to register an account and meet a minimum deposit of $250. You will then have a number of Bitcoin mining contracts to choose from – each of which come with a minimum term of one year.
We like GMINERS for the ease with which you can keep tabs on the value of your Bitcoin mining operations. This can be achieved via your smartphone, tablet, or desktop device. When it to comes fees, you won’t be charged anything to set your account up. You will, however, be charged a contract fee of $0.0120 per 1 GH/S.
| Number of Supported Coins | 1 – Bitcoin |
| Minimum Investment | $250 |
| Mining Fees | $0.0120 per 1 GH/S |
| ROI | Average ROI of 150% |
What We Like:
- An average ROI of 150%
- The minimum investment is just $250
- Very clear on contract fees
- No fees to set up an account
4. ChickenFast – Top Platform for Beginners to Mine Bitcoin
If you’re looking for the best Bitcoin mining site for beginners, perhaps ChickenFast is worth considering. This mining platform was designed with newbies in mind and thus – you don’t need to have any prior experience to get started. Crucially, you are not required to set your own contract parameters.
Instead, all you need to do is specify how much money you would like to invest into Bitcoin mining. Then, the underlying ChickenFast algorithm will determine the best contracts at the time of the investment. We like that ChickenFast offers daily Bitcoin payouts, which means that you can reinvest your profits back into new mining contracts.
If you do decide to cash out your proceeds, then you only need to meet a minimum withdrawal of 0.0003 BTC. Another thing to note about ChickenFast is that all fees are built into the ROI that you see on your account dashboard. This makes it a breeze to know exactly how much you will be making.
| Number of Supported Coins | 1 – Bitcoin |
| Minimum Investment | $250 |
| Mining Fees | Built into the ROI |
| ROI | Varies – depends on the algorithm |
What We Like:
- Top Bitcoin mining site for beginners
- No need to specify contracts
- Simply enter your deposit amount and the algorithm will do the rest
- Bitcoin rewards paid out on a daily basis
5. HashShiny – Cloud Mining Site That Supports Multiple Coins
If you’re looking for a cloud mining site that supports multiple coins – then HashShiny is one of the best options in this market. In addition to Bitcoin, this popular provider also allows you to mine Ethereum, Zcash, Litecoin, Dash, Dogecoin, and Decred. Moreover, you are not forced to stick with one coin, as HashShiny enables you to mine multiple networks simultaneously.
To get started with this provider, you first need to register an account and make a deposit. You can fund your mining investments via cryptocurrency as well as debit/credit cards and Paypal. When it comes to ROIs and fees, this will vary depending on the respective cryptocurrency that you decide to mine – as well as the specific contract you select.
For example, if you decide to mine Ethereum, you will earn $1.65 per 100 KH/S. This comes at a cost of $0.0024 per 100 KH/S – which is charged every day. As you can see, the main drawback with HashShiny is that the platform does not clearly display how much you can make on your investment in terms of the ROI. Instead, all profitability figures are based on the hash rate.
| Number of Supported Coins | 7 |
| Minimum Investment | Not… |
Read More: Best Bitcoin Mining Sites for May 2022
