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Cryptocurrency mining is a widespread activity at this point in time and it can be hard to figure out which platform is best for you. This article will explore the top 10 mining platforms that are currently on the market in 2021 and explore some of the primary features of each, to help with your decision-making process.
Table of Contents
Before We Begin
The first thing that we need to note before diving into these different platforms below is that they differ in scalability. Scalability refers to how many ‘miners’ are using the platform and how much computing power it can handle simultaneously. For this reason, some platforms may be a better fit for people who are looking to mine altcoins or smaller cryptocurrencies.
It is also important to note that the majority of these platforms do not bundle in the mining hardware for you, so you will need to purchase your own hardware. This can cost anywhere from $500 to a few thousand, depending on the type of hardware that you need and the platform.
Most of the mining platforms below offer both cloud and hardware mining, which essentially means that you can purchase an ASIC rig or other type of hardware from them and they will mine the cryptocurrency for you.
There have been some high-profile hacks in the crypto industry. Be sure to do your due diligence on each platform before signing up and committing any money. So without further adieu, here are the top 10 crypto mining platforms for 2021.
NiceHash
In 2015, Nicehash was founded by Matjaž Škorjanc. The company is a well-known mining marketplace and offers both cloud and hardware mining services, which means that you can rent an ASIC rig from them if you do not want or cannot afford to purchase your own hardware. This service costs $1-$50 per day and allows for anyone in the US or EU to start using their platform with ease.
It is important to note that there have been some security issues with Nicehash before, so it is always best to keep your coins stored in a second wallet outside of Nicehash, in case something bad happens to your funds.
Another feature of the Nicehash platform is that you can set a miner as backup, which means they will mine for you if one of your other miners goes offline for some reason. This makes it easier to guarantee a steady stream of income from all of your mining efforts over time.
While this platform has had the occasional issue in the past, it is still one of the most popular and widely used platforms today.
HiveOS
Many people find this software to be one of the best options on the market because it is simple to use and has an easy-to-follow interface that even a beginner can understand. The company behind HiveOS was founded in 2013 by Felix Carrasco de la Torre, who had previously been involved with other crypto-related operations including Bitcoin, Armory and Chain.
During its first year of operation, the company dealt with several challenges but managed to overcome them all thanks to its dedicated team and loyal customers. HiveOS offers cloud services as well as packages that include the hardware. This makes it a good option for both experienced miners as well as people who are just getting started in the industry.
Unlike some of the other platforms that have been around for a while, this software company has been free from any security issues to date. There are also plenty of resources available on their website so that you can learn more about both cloud and hardware mining. They have also been free from any security issues that other platforms have experienced.
This is one platform whose popularity is likely to continue growing over time.
CryptoTab Browser
CryptoTab is an extension that you can install on your desktop or laptop computer. It can mine multiple cryptocurrencies at once, which means that it is a good option for anyone who already owns some mining hardware and wants to try out additional software at the same time. The company behind this platform was founded in June 2018 by Ilya Alekseyev, who is a passionate believer in the potential of cryptocurrencies.
CryptoTab has been designed to allow anyone to mine cryptocurrency on their desktop computer without spending a lot of money or requiring advanced technical skills. The platform also offers browser mining, and it works with the most popular browsers out there so that you can start earning immediately when you sign up for the account. Altogether, this platform is a good choice for anyone who wants to get started with mining today without taking on large amounts of risk in the process.
With a user-friendly interface and some industry-leading technology, CryptoTab has what it takes to become one of the leading platforms in the mining space over time.
Genesis Mining
Established in 2013 by Marco Streng, this company has been offering mining services to customers all over the world for several years now. With an advanced algorithm and a knowledgeable staff at your disposal, Genesis Mining is one of the best options on the market today.
The software offered by this platform helps you find the right option for your needs and get to work immediately. There is also no need to download any e-wallets as the platform pays all of its users directly in their Genesis Mining accounts when they meet certain requirements for each cryptocurrency that they mine.
Based on the type of account you have, you can choose how much you want to invest and receive your money back at any time. This is possible thanks to an affiliate program that allows you to recruit new users and earn a portion of the profits they make.
This platform also offers cloud mining services, which are accessible to beginner miners. Like most other platforms on our list, they have been free from any major issues over the past few years. They do urge caution when it comes to secure storage of cryptocurrencies, though.
Of all the mining platforms out there today, Genesis Mining is arguably one of the best options for new investors who want to join this growing industry and generate a steady income in the process.
BeMine
Founded by a group of entrepreneurs in 2016, this is another great option for both beginners and experienced miners alike. This platform can mine multiple cryptocurrencies at once and generates profits that would be hard to match with other available options on the market today. It has been designed to allow anyone from novices to experts to earn money while doing something they enjoy.
The company behind this platform offers comprehensive services for anyone who is interested in mining cryptocurrency and using advanced software to do so. This platform has been designed with the needs of its clients in mind, which means that it includes a user-friendly interface that makes it easy for people to generate revenue while they are not actively involved with the mining process.
Altogether, BeMine is a good choice for anyone who wants to earn money while they are asleep or otherwise occupied with other things. There is also no need for your computer to be on all the time, which makes this a valuable solution for people looking to save money and increase their profits at the same time.
MinerGate
With more than four years of experience, this company has been offering top-notch mining services to clients all over the world. The MinerGate platform is designed to allow users to mine multiple cryptocurrencies at once and convert them into any other currency that they prefer before withdrawing funds directly from their accounts.
There is also a browser mining option available for those who want to take a hands-off approach to mining. With this feature, you can choose how much of your PC’s power you want to dedicate for mining purposes and then continue using it as you normally would.
When compared to other services on the market today, MinerGate has what it takes to stand out from the crowd. Its intuitive interface, for example, makes it easy for people to use this platform and convert their mined cryptocurrencies into other forms of digital currency whenever they want to do so.
SparkPool
This platform was specifically designed to help people interested in cryptocurrency mining earn money without any major issues. To this end, SparkPool provides a powerful algorithm that can mine multiple cryptocurrencies at once and convert them into the currency of your choice, whether that is Bitcoin or another popular digital currency. All you need to do is register an account with this company and then choose the cryptocurrencies you want to mine.
Based on the amount of processing power you provide, you can expect your profits to grow steadily over time. With new features added all the time, it is difficult not to like what SparkPool has to offer its users today. It is also worth pointing out that this platform does a good job at keeping users informed about the status of their mining operations through regular email reports.
It is clear to see why so many people are using this platform today. It includes a simple and intuitive interface that makes it easy for users to mine popular cryptocurrencies without having any knowledge of how the underlying technology works. There is also no need to make regular deposits of fiat currency in order to generate revenue, which is a welcome change for people who prefer not to deposit cash into the exchanges they use.
RaveOS
If you are interested in mining cryptocurrencies with a pool, this software is definitely worth testing out. RaveOS can be downloaded for free and used by anyone who wants to generate revenue through mining operations. It has several features that make it stand out when compared to other solutions on the market today, including advanced monitoring and statistical capabilities that make it easy for people to optimize their operations.
It is also worth pointing out that this platform was designed to work with both AMD and Nvidia-based GPUs, making it a good choice for anyone who owns mining rigs based on either solution. Rave OS is free and easy to use, which means that it will not take long before you are able to start mining the cryptocurrencies of your choice.
Cudo Miner
Cudo Miner was created by Cudo, which is a cryptocurrency mining company based in Sweden. This software has been designed to work with both Windows and Linux and supports all the leading AMD and Nvidia graphics cards. By using this platform, you can choose to mine a specific cryptocurrency or let Cudo Miner automatically select the most profitable currency based on current market conditions.
Cudo Miner is a simple and intuitive platform, which means that it can be used by both novice and experienced miners with equal success. Whether you are looking to earn revenue or simply explore the process of mining popular cryptocurrencies, this tool has all the features you need to get started.
CGMiner
The popularity of CGMiner stems from the fact that it was developed using X86 assembly language and can work with both AMD and Nvidia GPUs. For novice users, this is a great platform to start with as it is relatively easy to install and use. Once you have downloaded their zip file, all you need to do is follow the instructions provided in order to get started.
CGMiner has proven to be quite successful in the past, as it is used by many people who are looking for an alternative to Ethereum mining operations. It is compatible with a wide range of Windows-based operating systems and has been downloaded thousands of times from the official website so far.
This platform also offers support for several advanced features, including automatic GPU overheat protection and support for mining different cryptocurrencies using one computer.
Final Thoughts
Mining cryptocurrencies is not an easy process, but it can be a lot more profitable than you may realize. This guide has introduced you to some of the most successful mining platforms on the market today, so it should be easier for you to generate revenue through your own operations in the future.
It goes without saying that mining popular cryptocurrencies such as Ethereum, Bitcoin and Dogecoin are still the most profitable way to generate revenue. However, it remains unclear how this situation will evolve in the long term. Some experts are predicting that the mining difficulty will increase so much in the future that only large-scale operations will be able to generate a positive return on investment (ROI).
If these predictions become reality, smaller mining operations will slowly phase out. However, it is also possible that popular currencies such as Bitcoin and Ethereum will continue to be profitable for home miners in the long run and there is no reason why this should not be the case.
In any case, it may be a good idea to invest in multiple pools at this stage of the game and see how things play out in the years to come.
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Recommended Reading:
- Is GPU Mining Profitable In 2021?
- How Cryptocurrency Works: Everything You Need to Know About Cryptos For 2021
