The Bitcoin mining frenzy that took place in 2021 in the cryptocurrency market no longer has as many advantages compared to the disadvantages. However, for those looking to venture into the Bitcoin universe and have time, money and curiosity, it is still possible to mine. In this article, we will introduce some of the existing mining platforms in today’s cryptocurrency market.
Mining Bitcoin is an alternative to the money we use on a daily basis and which is issued by the government. Bitcoin is a decentralized currency and does not depend on government participation to exist and remain in the market.
At the beginning of Bitcoin’s existence, it was possible to mine from any computer, but over time mining has become increasingly complex and demanding with its users’ machines, consequently the expenses with electricity and connection also increase.
In 2022, a miner with a low hash rate machine was very lucky to discover a new Bitcoin block, which resulted in a gain of around 300 thousand dollars. However, the probability of this event occurring is extremely low, and as time progresses since the creation of Bitcoin, the chances of repeating such a feat become increasingly difficult. This is because, according to estimates, by the end of 2021, around 90% of Bitcoins had already been mined, and the coin has a finite supply.
Awesome Miner
Awesome Miner is free software used to manage and monitor cryptocurrency mining operations. It provides a web-based interface that allows users to control and optimize their large-scale mining activities. Awesome Miner supports a variety of mining types, such as ASICs, GPUs, and CPUs, and offers advanced features such as real-time flaw detection and patch automation. In addition, it offers tools to maximize profits, such as real-time revenue monitoring and electricity consumption control. It is a comprehensive solution for efficiently managing mining operations.
BetterHash
BetterHash is a Windows compatible cryptocurrency mining software that offers a simple and user-friendly platform to mine multiple cryptocurrencies efficiently. The software automatically selects the most profitable cryptocurrency to mine based on market conditions and the user’s hardware, and offers real-time monitoring capabilities to help miners maximize their profits. It supports a wide variety of mining hardware, making it an affordable and convenient option for miners of different experience levels.
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Braiins Pool
Braiins Pool, formerly known as Slush Pool, is a cryptocurrency mining pool specializing in Bitcoin mining. Recognized as one of the top mining pools, it is responsible for mining around 3.5% of all Bitcoins in circulation. Braiins Pool is known for its open source approach and transparency, being developed by the team behind mining software Braiins OS. The pool allows miners to combine their mining resources to increase their chances of discovering blocks and receiving rewards. Additionally, Braiins Pool offers a variety of features and statistics to help miners track their performance and maximize their earnings. It is important to note that the software charges a 2% fee on miner rewards.
Cruxpool
Cruxpool is a cryptocurrency mining pool that supports multiple algorithms including Ethash, ProgPoW and KawPow. It allows miners to combine their resources to increase the chances of finding blocks and getting rewards. Cruxpool is known for its efficiency, low fees and support for currencies like BEAM, ETC, ETH and Ravencoin. It offers real-time statistics, monitoring tools and customer support to help miners optimize their performance and maximize their cryptocurrency mining earnings. It is a reliable and stable option for those who want to get involved in mining.
Cudo Miner
Cudo Miner is a cryptocurrency mining software that makes mining easy for individual users. With an intuitive interface, it supports multiple algorithms and automatically optimizes mining based on the user’s hardware. It offers advanced features such as real-time monitoring and detailed statistics. In addition, it has a cloud mining option, solutions adapted to different needs and the possibility of mining various cryptocurrencies. There are no upfront charges, just commission-based fees. For dedicated mining rigs, you can install CudoOS for better performance.
HashCity
HashCity is a cloud mining platform that allows users to participate in mining cryptocurrencies such as Bitcoin, Ethereum and Litecoin without the need to own their own mining hardware. Users buy mining contracts that provide hashing power from the company’s data centers. HashCity manages the infrastructure and equipment operation, while users share in the mining earnings. The platform supports up to 14 different digital currencies and offers getting started guides and detailed instructions to help users get started mining. It is important to keep in mind that cloud mining has risks, such as the reliability of data centers. A 1% mining fee is applied to the pool.
NiceHash
NiceHash is a cloud mining platform where users can rent their computer’s processing power to mine cryptocurrencies. The platform connects buyers who want to mine without their own hardware with sellers who make their mining power available. Users can mine a variety of popular cryptocurrencies and the platform is known for its ease of use. However, it is important to consider the risks and trust the platform’s security before participating. In summary, NiceHash makes cryptocurrency mining accessible to everyday users without advanced technical knowledge or investments in specialized hardware.
CryptoTab Browser
CryptoTab Browser is a browser that allows users to mine Bitcoin while surfing the internet. It utilizes the processing power of the user’s device and offers additional features such as ad blocker and data synchronization. Mining intensity can be adjusted, and it is important to remember that mining consumes device resources. With CryptoTab Browser, users can conveniently mine Bitcoin while enjoying the features of a traditional browser.
Is it worth using mining rigs?
When choosing to mine Bitcoin on a common home computer, it is necessary to be aware that the practice is no longer considered useful as the algorithms become increasingly complex and the user is disputing with companies and mining farms much more capable – even if the user has great gaming hardware, this hardware can be considered outdated in terms of Bitcoin mining. For example, as mentioned in our article “Virtual workers: What does it mean to mine Bitcoin?”, an RTX 4070 TI video card can earn less than 1 dollar in profit per day of mining. So, if your question is about how much a Bitcoin miner earns, the current answer is uncertain, however, not very positive.
Translation by Laura Bonci
