Crypto Mining Sites | 5 best projects to mine for profit
Let’s face it. Cryptocurrency mining is not quite as profitable as it once was. The China ban, combined with the falling BTC prices, has seen the profitability of cryptocurrency mining steadily decline over the past year.
As a result, many mining operations have begun shutting down their machines, as their revenue barely covers the cost of the electricity required to power the units.
Despite the declining profitability, a strong handful of cryptocurrency projects still produce profits from mining operations. Some projects require you to mine alone, while others are cloud-based mining operations. Alternatively, some projects allow you to invest in NFTs that produce income from mining crypto.
Regardless of the strategy, here are five of the best projects and crypto mining sites that are still mining for profit.
The 5 best projects for profit
- The Copium Protocol – The best overall mining project for passive cryptocurrency mining
- StormGain – An all-in-one ecosystem that provides cloud mining services
- BitFufu – A cloud mining service provider partners with Bitmain
- Ecos – An all-in-one crypto investment and mining platform
- CudoMiner – A mining software with over 100,000 users
A closer look at the 5 best projects for profit
1. Copium protocol
Copium Protocol is a passive cryptocurrency mining ecosystem that provides an efficient and straightforward method to participate in cryptocurrency mining.
The project aims to revolutionize the entire mining industry by removing unnecessary technical jargon and offering a way to mine without investing in expensive hardware.
The entire protocol is a multi-threaded ecosystem that includes;
- Copium mining
- Copium coin
- Investor Pass NFTs
- Copium Staking
The Copium protocol is centered around Copium Mining, a real-life cryptocurrency mining facility in Otago, New Zealand. This mining facility is very unique as it is powered by a surplus supply of 100% clean, green, renewable hydropower generated in the foothills of New Zealand’s Southern Alps. This means that Copium Mining does not receive any negative stigma associated with using non-renewable resources to mine cryptocurrency.
The first launch phase for Copium Protocol will see the release of the Copium Protocol Investor Pass. This is a collection of 10,000 NFTs that will hit the Ethereum network in early-mid October.
The Investor Pass NFTs will be sold at the Dutch Auction via copiumprotocol.io, with a starting price of 3.5 ETH. However, the first 2,000 users who register interest early will receive a guaranteed mint spot at a lower fixed rate of 3 ETH.
Holders of Investor Pass NFTs are entitled to the following benefits:
- An exclusive airdrop of 10,000 Copium coins.
- The ability to stake Investor Pass on the platform in exchange for a daily allocation of 10 Copium coins.
- The opportunity to stake Copium Coin at an exclusive interest rate offered only to Investor Pass holders.
- Automatic entry to monthly Copium gifts.
After the Investor Pass NFTs are sold, the proceeds from the NFT sale will be used to upgrade the hardware and infrastructure at the Copium Mining facility. Copium Mining is highly respected in the New Zealand Cryptocurrency industry and they are able to purchase large quantities of the latest generation of cryptocurrency miners.
Once the facility has been upgraded, the daily revenue generated from cryptocurrency mining at Copium Mining will be used to purchase Copium Coin from the open market – providing daily demand for the asset.
Furthermore, any Copium coin purchased from mining revenue will be sent directly to a burn address to remove it from supply. As a result, Copium Coin will become a deflationary asset that will become more scarce over time.
Copium Coin is the ERC-20 token that powers the ecosystem, and it will be released to the public at the same time as Investor Pass. First, however, there will be a pre-sale for the coin, which will run for 60 days before the official launch to generate the first level of liquidity for the token. The presale will cost $0.10 per coin.
After the successful launch of Investor Pass and Copium Coin, the team will implement the Copium Staking Platform.
The staking platform is a crucial pillar of the ecosystem, allowing Copium Coin holders to stake their assets for a high return. Users can stake their assets in a series of locked and unlocked periods, which provide different returns. The longer the lock-in period, the higher the interest rate generated.
It is important to note that Investor Pass holders receive exclusive pricing on the Copium Staking Platform. The minimum interest rate for the Investor Pass holder is much higher than the maximum achievable public bet. Therefore, to maximize returns in Copium Coin staking, users should purchase an Investor Pass NFT.
Overall, Copium Protocol provides an excellent strategy to mine cryptocurrency for profit passively without having to invest in expensive mining hardware.
VISIT COPIUM PROTOCOL TODAY
2. StormGain
StormGain is an all-in-one cryptocurrency app that allows users to buy and sell cryptocurrency with 0% commission. It also allows users to earn crypto through mining on the platform.
Their mining section allows users to earn free Bitcoin daily without battery or CPU drain. In addition, no mining equipment is required for users to participate.
StormGain is located in Tel Aviv and currently has over 5 million users in over 230 different countries. The platform won Best Crypto Broker of 2021 by World Finance and UF.
Their mining concept is interesting because a user’s mining speed depends on reaching specific trading volumes on the exchange.
Users can start with 0.5x speed and earn a 30-day income of around $6.21 USDT. But if they increase their trading volume on StormGain to $150,000 USDT, they can achieve a 1x mining speed and earn about $12.34 USDT per month.
Their highest mining speed is reserved for traders with a monthly trading volume of $75 million USDT. These high volume traders can mine at a rate of 530x and earn a 30-day income of $5,580 USDT.
Mining is performed on the StormGain servers and does not require the user to install any specific software or own mining hardware.
The interesting thing about StormGain is that mining happens in 4-hour periods. After four hours you have to wait for the next period to start mining again. Users can withdraw their mining rewards when they have accumulated at least 10 USDT in Bitcoin through mining.
Alongside their mining section, StormGain also offers trading, trading signals, a wallet to store coins, a staking service and a complete academy to learn about cryptocurrency.
3. BitFuFu
BitFuFu is a digital asset mining service and a world-leading provider of cloud mining services. In addition, the company is the sole strategic partner of Bitmain, the world’s largest Bitcoin mining hardware manufacturer.
The project intends to provide cryptocurrency mining services in a transparent manner and make it as easy as possible for users.
BitFuFu offers cryptocurrency mining in the following categories;
- Cloud mining
- Miner hosting
- Miner sale
- Self recovery
- Institutional services
Their cloud mining service is their flagship product, which allows users to rent hashrate from the BitFuFu facility to mine directly.
The company owns a number of mining facilities in Canada, the USA and Kazakhstan.
Users can rent 30Series mining hardware for between 120 and 360 days. The service charges a hash price fee and a service fee, leaving the rest of the profit to the user.
Users can mine BTC and ETH through the cloud mining infrastructure.
The BitFuFu mining hosting service allows users to host their personal miners on the BitFuFu facility. However, users must pay a hosting fee of $0.075-0.085/kWh.
Furthermore, BitFuFu also operates a marketplace that allows users to come and buy hardware directly from them. Since they have a strategic partnership with Bitmain, they can offer the latest hardware at competitive wholesale prices.
Finally, BitFuFu offers institutional services to allow institutions to start mining through their facility.
Users can actively monitor all mining services on the go through the BitFuFu mobile application on Android and iOS.
4. Ecos
Ecos is an all-in-one crypto mining investment platform. The platform includes a wallet, an exchange and a cloud mining service.
Ecos is determined to make cloud mining as seamless as possible and has developed a system that allows users to start mining cryptocurrency with just two clicks.
The cloud mining service is run through a large data center filled with S19j Pros, one of the top-rated Bitcoin mining hardware. Users can participate in cloud mining by renting these S19j pros. The process is simple and does not require users to know how to set up the hardware.
One of the great things about their hardware facility is that the power is supplied by Hrazdan TPP, who partnered with Ecos to supply power at a preferential price in a direct deal.
Furthermore, their mining center is located in the Free Economic Zone of Armenia. This means that the company does not have to pay income tax, VAT, import and export or property tax. This enables Ecos to keep prices low as they pass all their savings on to their customer base.
Once a mining contract is signed, the user will start mining cryptocurrency immediately. They will receive direct daily payments as their miner earns cryptocurrency for them. In addition, users can choose specific cloud mining durations starting from 24 months and reaching as high as 50 months.
In addition to mining services, Ecos offers a wallet and an exchange. Furthermore, they allow users to invest in customized indices that contain different sets of coins. For example, their Elon Musk Index includes Bitcoin, Dogecoin and Ethereum.
Finally, Ecos offers an in-depth mobile application on Android and iOS platforms, allowing users to track their daily mining activities on the go.
5. CudoMiner
CudoMiner describes itself as the future of cryptocurrency mining. They have over 100,000 users earning cryptocurrency using their software.
The platform offers cryptocurrency mining software and a cloud computing platform to allow users to mine cryptocurrency.
CudoMiner is a carbon neutral company that collaborates with AMD, BlockVenture and Hydro66.
Their smart cryptocurrency miner is an automated desktop application that mines cryptocurrency when your computer is idle. The software allows users to easily mine BTC, RVC, ETH and XMR.
One of the best features of this software is its automatic coin exchange feature for maximum profitability. This feature automatically switches the algorithm so that your machine is constantly mining the most profitable coin.
The software continuously scans for the best mining options and automatically switches to the best coins for you. The software also comes packed with features that provide users with advanced settings. For example, users can adjust the GPU sleep time, reference timeout, overclock settings and GPU intensity.
Users are paid instantly and do not have to wait for the payout from the pool to claim their earnings.
CudoMiner software allows users to get their mining hardware live within 60 seconds and provides up to 40% more income through automatic coin exchange.
In addition to CudoMiner, the project also has elite crypto mining farm management software for enterprise-scale miners to manage their hardware.
Conclusion
While the profits of cryptocurrency mining may have started to decline, a handful of projects are worth investigating to see if they can still produce profits. Whether you’re looking for cloud mining, hosting services, or a mining protocol coin, all the projects on this list have the potential to make a profit.
In our opinion, the best option for sustained profits is through the Copium protocol. The project has an intuitive ecosystem that ensures Copium Coin has a sustained demand through the mining revenue generated at the Copium Mining facility. Furthermore, the Investor Pass NFTs are still to be created, which means you are not late to the party.
VISIT COPIUM PROTOCOL TODAY
