5 Sites for Free Bitcoin Mining

If you can’t afford to invest in mining equipment or if you want to mine Bitcoin for free, then you’re in the right place. In this article, we present five websites that you can use to mine satoshis without spending money. Before we start, we must warn you about the illegal practices you expose yourself to in this quest for free services. Indeed, most platforms offering crypto mining for free are nothing but scams. Therefore, be careful.

Genesis Mining

Genesis Mining is one of the pioneers of cloud mining and one of the largest producers of hashrate in the world. Founded in 2013, the company has its own mining farms located in Sweden and Iceland.

Known for its reliability, Genesis Mining is very popular within the crypto community. The platform offers about fifteen mining contracts, each with different investment levels. These offers fluctuate based on two main criteria: the contract duration and the hashrate desired by the investor.

Thanks to its loyalty program, users have the opportunity to earn additional hash/s to mine bitcoins for free.

That said, besides Bitcoin, Genesis Mining also supports protocols such as Litecoin, Monero, Zcash, and Dash. Note that until the deployment of The Merge, Ethereum was also part of this list.

Here, miners receive their rewards automatically every day. Provided that the minimum amount required for payments (0.0015 Bitcoin) is present in their account.

Moreover, it is possible to make purchases in bitcoins and by credit card.

The only drawback is that over time, it has become difficult to find available contracts on the platform due to high demand.

Therefore, this track can only be explored if you already have an account or if Genesis increases its offer.

ECOS

ECOS is a cloud mining company based in Armenia that offers flexible mining contracts at relatively affordable prices (starting at 149 dollars).

The company provides miners with a calculator to estimate their potential gains based on the contract duration, Bitcoin price, and ordered hashrate.

That said, in practice, volatility combined with the applied fees (electricity, maintenance, withdrawal) means that sometimes the revenues generated are lower than the amount invested.

ECOS grants new users who have a referral link a free trial for 30 months to mine Bitcoin. This is an opportunity for them to test the service before deciding whether or not to subscribe to a paid contract.

In addition to the website, ECOS is available on Android and iOS. The goal being to simplify the management of contracts and assets of the platform users.

In principle, withdrawals can be made every day, with a minimum floor set at 0.001 Bitcoin. However, reviews reveal that waiting times are long.

As for purchases, ECOS supports payments in cryptos (BTC, LTC, ETH, USDT, XRP), by credit card, and by bank transfer.

NiceHash

Founded in 2014, NiceHash offers a complete ecosystem for mining bitcoins. It is a marketplace specializing in the exchange of computing power. More precisely, the service connects people who want to sell their unused resources (CPU, GPU, ASIC) with potential buyers.

In addition, it has its own mining pool, a dedicated mining software, and a crypto exchange platform. Thus, miners can use it to connect to a pool, exchange their assets, and remotely control their contracts.

NiceHash offers a basic version of its mining software that you can use to mine Bitcoin for free, as well as altcoins like Litecoin, Dogecoin (DOGE), Bitcoin Cash (BCH), and others.

In its paid version, this application can automatically switch from one protocol to another when the latter is more profitable.

On NiceHash, you can subscribe to a mining plan for a minimum investment of 0.034 Bitcoin. As for payouts, they are made once a week for a balance above 0.001 BTC and once a day for a balance above 0.1 Bitcoin.

Overall, this platform is ideal for mining Bitcoin. Its only major drawback is that the fees charged on its mining pool are generally higher than average.

CryptoTab Browser

This is a web browser specialized in crypto mining. More precisely, CryptoTab allows you to mine Bitcoin simply by browsing the Internet.

It’s a very simple and effective option if you don’t want to complicate your life. However, don’t expect big profits.

CryptoTab uses your computer’s (or phone’s) resources to validate blocks on the blockchain. It’s a transparent platform that allows you to see in real-time the performance of your devices, your earnings, and its payment log.

Withdrawals are made manually. But for this, you must have at least 0.00001 Bitcoin in your account. Note that you also have the opportunity to earn additional income through the affiliate system.

CryptoTab is available on PC (for Windows and macOS), tablet, mobile (for Android and iOS), and in web version. Additionally, there is an extension that allows you to integrate it into Google Chrome.

You can connect several different devices to the same account. Ultimately, the hashing power produced by each of these devices will be totaled to evaluate your overall reward.

With CryptoTab, you can also create your own mining farm by installing the CT Farm app on your smartphone. This offer is free with the first subscription.

IQ Mining

IQ Mining is a service that allows you to mine crypto without investing in expensive hardware. Established in 2017, the company owns mining farms in Canada, Georgia, Iceland, China, and Algeria. It also has a cryptoasset exchange service.

IQ Mining provides, upon request, a limited time trial to allow you to test its products for free. Its mining contracts are customizable and can last for different periods (1 year, 2 years, 5 years, and even lifetime).

In addition, it offers staggered investment plans based on the purchased hashrate (Bronze, Silver, Gold, and Diamond).

To mine Bitcoin on IQ Mining, you need to plan for the purchase of at least 500 GH/s, for an average price of about 0.113 USD for 10 GH/s.

Although this seems attractive, the small contracts charge significant maintenance fees. This can affect your profitability.

For each deposit made, you will receive a 25% bonus. In addition, the referral system allows you to benefit from 10% hashing power on any purchase made by a person you recommended.

Payments are made automatically every day at midnight (universal time). But the company reserves a 24-hour margin in case of unforeseen events. Moreover, the minimum withdrawal threshold is only 10 dollars.

Conclusion

We have done our best to mention only reliable free bitcoin mining services. However, we are not immune to poor judgment. Therefore, we ask you to do further research before getting started. Some of the warning signs to be aware of include: promises of overly high returns, lack of transparency, and the need to make a significant initial deposit.

La Rédaction C.

L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.