Where is the best place to mine in 2024

The downside of the popularity of cryptocurrencies is the complexity of mining. The more miners join the network, the harder it is for them to find the right hash. To earn, ordinary users with small capacities connect to mining platforms – pools, remote farms, cloud services. In the article we will tell you where the best place to mine cryptocurrency in 2024. Platforms differ in terms, commissions, the size of initial investments.

The best platforms for mining cryptocurrencies

To create a digital coin, you need to determine a unique identifier (hash) based on data from previous blocks in the chain. Asics, video cards, and processors are used to solve a complex mathematical problem. Mining can be a good source of additional income or the main income.

However, powerful farms can not be placed at home because of the strong noise and vibrations. Some miners equip separate premises and rent cells in data centers. Others use cloud services.

When renting hosting, you do not need to buy equipment and deal with maintenance. This is done by companies that own a large amount of computing power. Miners are offered to sign a contract (from a year) and are obliged to transfer profits minus costs to a cryptocurrency wallet.

The risks of remote crypto mining must be taken into account. It is difficult to verify the availability of equipment, so the sphere attracts scammers. Platforms should be thoroughly checked: look at statistics, operating hours, read reviews on industry forums.

Where is the best place to mine cryptocurrency

Users can buy equipment and connect to the pool. The second way of mining is to use the services of cloud services. In this case, it is not necessary to invest a large sum in the purchase of equipment. You will not have to risk money if the equipment fails or becomes obsolete before it pays off. Buying miners is a profitable investment if the return on investment does not exceed 8-12 months, and after that you can sell the equipment profitably on the secondary market.

1

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The owner of the farm can also influence mining – customize video cards (asics), install powerful cooling, switch to more profitable coins.

Choosing a platform for mining

Cloud services can become a source of passive income for users with a small capital ($500-1 thousand). But in this area there are many fraudulent platforms that do not have computing power and pay new clients at the expense of earlier ones. Therefore, you need to be responsible in choosing a platform for mining. The criteria are as follows:

• Reputation. In view of the large geographical dispersion of servers is difficult to personally check the availability of technology. Therefore, it is necessary to read reviews on forums and take into account the period of activity of the company.
• Minimum amount. On some platforms you can start with $10. However, the hashrate, which is rented to the user is so small that the payment can not be accumulated for a year.
• Hashrate. You need to compare the terms and conditions of the services. Computing power that can be rented for the same amount from different companies differs.
• Commissions. Some companies indicate on the main page not all fees, you need to carefully read the contract.
• Threshold amount for withdrawal. On some platforms, you will have to save up for several years to activate the withdrawal.
• The overall hash rate of the service. Powerful centers are more likely to find a block. It is more profitable to work on such platforms.

The best pools for mining

On such platforms, users cooperate to find a valid hash faster. The reward is paid in proportion to the power of the connected equipment. Platforms from the top 10 by hashrate find blocks every day. This provides miners with stable payouts. The table contains the best pools for crypto mining as of 2023.

Poolin

Poolin is owned by Blockin, a Hong Kong-based company that is part of the Beijing Satoshi Smart Ltd. group. In 2023, the crypto service is listed among the top 10 platforms in terms of Bitcoin hash rate. Poolin can also mine Bitcoin Cash, Ethereum Classic, Zcash, and Litecoin.

The interface of the service is translated into 7 languages. The minimum amount to be paid to the wallet depends on the crypto coin. For example, for Bitcoin it is 0.005 BTC, for Ethereum Classic – 0.2 ETC.

F2Pool

The mining pool has been known since 2013 and has earned a reputation as a reliable service that fully fulfills its obligations. In 2023, the platform is among the top 5 in terms of hashrate of Bitcoin, Ethereum Classic, Litecoin and other coins. Customers can activate the co-mining mode.

You can mine on F2Pool without registration. Authorized users can access the statistics of miners online and in the mobile application. To work in the pool, you need to have significant capacity. The payout threshold is quite high (0.002 LTC, 0.1 ZEC). Coins unclaimed within six months are transferred to the company’s account.

ViaBTC.

The service has been operating since 2016. The founder of ViaBTC Haipo Yang paid much attention to the technical part of the project. This allowed the platform to gain the trust of users in a short time.

In 2023, the pool is leading in mining Dogecoin, Zcash.

Customers can activate the mode of smart-mining coins on the SHA-256 algorithm. The system will automatically switch the equipment to the most profitable coin.

The resource has an intuitive interface in 5 languages. Users with powerful equipment can activate SOLO mode. It is often more profitable to pay a small commission for a technically competent solution than to launch a node for mining on your own.

Hiveon

In 2017, the developers of the HiveOS operating system launched a mining pool to support the project. Hiveon Pool customers can mine Ethereum Classic for free. For RVN mining, the service takes a small commission of 0.5%. There are no fees for withdrawing profits to the CoinEx exchange. Customers can also use the HiveOS OS for free.

Large investors (more than 1 thousand ASICs) receive individual terms of service. It is also possible to set up mining on Windows OS. To work on the platform, you need a personal account. In it, you can view the statistics of wokers (on the website and in the mobile application).

AntPool

The service belongs to the largest ASIC manufacturing company Bitmain Tech Ltd. In 2023, 18% of Bitcoin is mined on the platform. The mining poop offers flexible commissions that depend on the reward method (0-6%). Large miners can activate the solo mode.

The platform is versatile. Users can connect their own capacity or rent the company’s equipment remotely. Experienced miners combine both methods. The site interface is partially translated into Russian. However, technical support responds only in English. The service has earned a reputation as a reliable resource that fulfills its obligations. However, during peak loads on the network, there are delays in payments.

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