Crypto Mining What is It? And can you earn money doing it?
Back in the early days of the wild west of crypto mining, you needed a basic understanding of Linux, not to mention a bit of capital, to build a decent system. Now you can install some fairly well-designed software right on windows. You can install and forget about it in many cases, making withdrawals whenever you want and quickly setting the system parameters with a few clicks. But is it profitable? Unfortunately, the answer is sometimes. Running any mining software, even just on your computer, will cause some wear and tear on the graphics card but, more importantly, use a bunch of electricity. When it comes to mining, you're mainly aiming for holding till the coins becomes profitable or selling before it drops below the electricity cost.
We feel mining is more trouble than its worth; it's better to just buy and hold your favorite coins. But if you still want to dabble in them, head down below.
Supported Currencies: Bitcoin
Nice Hash is an easy-to-use mining program, especially for anyone who wants to learn something other than mining's nitty-gritty. The software doesn't actually use your computer's hardware to mine crypto. Instead, you are selling your additional processing power to other miners, increasing their pool size and getting more significant group rewards. In addition, excellent Hash pays in Bitcoin no matter what coin is being mined. We recommend this as an option if you are entirely new or just want to avoid dealing with it but still think mining is fun.
Sign up for Nice Hash Here
Pros
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Easy for beginners
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Fairly profitable
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No Contracts
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Low Risk
Cons
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You cant mine specific coins
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Technically your not actually mining for yourself
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Bitcoin only payouts
Supported Currencies: Bitcoin, Ethereum, Monero, Ravencoin
Cudo Miner is a relatively new mining software; it acts as a multi-algorithm GPU and CPU miner. The miner automatically switches to the most profitable crypto as needed. What's nice is you can be paid in coins other than Bitcoin, such as Ethereum, Monero, or Ravencoin.
The process is reasonably streamlined, with many tweak options if you wish to delve into the system.
Sign up for Cudo Miner Here
Pros
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Super easy to use
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Good profit especially if you have a good system
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Lots of config options
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works on multiple operating systems
Cons
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Withdrawal fees fluctuate
Supported Currencies: Bitcoin, Ethereum, Monero, Zcash, Ethereum Classic, Bitcoin Gold, Grin Coin
BetterHash reminds us of Nice Hash in many ways. It automatically picks the best coins to mine and auto switches between them as needed. One exciting feature is the automatic wallet creation, so there is no need to have a ton of random wallets at the start.
Sign up for BetterHash Here
Pros
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Super easy to use
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Good reputation online
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Active Support
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Fast Withdrawals
Cons
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Windows only
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Some pro miners may find the advanced settings lacking
Supported Currencies: Bitcoin, Ethereum
Kryptex, like other mining programs, is super easy to use. It uses GPU and CPU mining and automatically determines the best mining algorithms. It also has a reasonably accurate estimator to figure out your daily earnings. Another exciting thing is the high level of payment options; you can even get amazon gift cards as payment.
Sign up for Kryptex Here
Pros
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Runs on almost all systems
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Both GCU and CPU Mining
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Super easy to use
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Rentable GPU's
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A ton of payment options
Cons
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The dark layout is sometimes hard to read
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somewhat higher fee's
Supported Currencies: Bitcoin, Litecoin, Ethereum, Dash, BCH
Sign up for Mining Rig Rentals Here
Pros
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Easy to use
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You can rent rigs from other users
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Mining doesn’t have any fee’s
Cons
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Not as user friendly as some of the other miners like Nice Hash
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Renting a rig is quite expensive and not always profitable.
