9 Best free Bitcoin mining sites and services in 2024

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Best free Bitcoin mining site - StormGain

Your capital is at risk.

TOP free Bitcoin mining sites:

  • StormGain - Minimum investment is $50, Supported coins are Bitcoin, Bitcoin Cash, Ethereum, Litecoin

  • ECOS - Minimum investment is $150, Supported coins are Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, Litecoin.

  • Binance - Minimum investment is $1, Supported coins are Monero (XMR), Litecoin (LTC), Ethereum Classic (ETC), Dogecoin (DOGE), Zcash (ZEC), Bitcoin Gold (BTG), Vertcoin (VTC), Ravencoin (RVN).

  • Genesis Mining - Minimum investment is $500, Supported coins are Bitcoin, Ethereum, Zcash, Dash, Monero, Litecoin

  • NiceHash - Minimum investment is 0.034 BTC, Supported coins are Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Zcash (ZEC)

  • IQ Mining - Minimum investment is 108$, Supported coins are Bitcoin, Ripple, Ethereum, Iota, Dash, Litecoin, and more.

When it comes to Bitcoin, there are various ways to go about acquiring it. On the one hand, you can trade money or other cryptocurrencies for it. On the other hand, there are actually many free cloud mining providers that allow traders to mine Bitcoin free of cost. Nevertheless, since many are unaware of these programs, they are missing out on the opportunity to do so.

What is free Bitcoin cloud mining?

For those who are unaware, free Bitcoin mining allows investors to mine for Bitcoin without making any financial investment. By using a Bitcoin mining app, you can earn Bitcoin and withdraw your earnings or reinvest in virtual miners in order to earn more mining power and income. Therefore, you can earn real Bitcoin without needing to risk your own money to do so.

Pros

If you are considering mining for Bitcoin, there are some advantages to doing so. They are as follows:

Accessibility and liquidity: One of the top pros of mining Bitcoin is its accessibility and liquidity. On the one hand, Bitcoin is highly accessible, as it is the oldest and most trusted crypto coin on the market. Moreover, it can also easily be traded for your currency of choice at will.

User anonymity and transparency: Although Bitcoin trades are not anonymous, they do provide users with a level of anonymity. This is because they can only be identified via numerical codes and public keys. Therefore, in order for people to find out a client’s identity, they must take the time to research and track via these methods. It is impossible for a transaction to be totally anonymous. That makes it harder for people to execute fraudulent transactions.

High return potential: Another benefit of mining Bitcoin is that it has a high return potential. Although it is a highly volatile asset, it can be a great way to diversify your portfolio and make even higher gains than you can with many other financial products.

Independence: Lastly, investing in cryptocurrencies, such as Bitcoin, can provide you a way to trade without going through a central authority. This is ideal for those who would like to invest and make trades without worrying about dealing with a governmental authority.

Cons

On the other hand, some of the cons of Bitcoin mining are as follows:

Lack of regulations: One of the disadvantages of Bitcoin mining is the lack of regulations. Although it can make the process more convenient, it can also make it possible to become subject to various fraudulent practices.

Volatility: As mentioned, Bitcoin can be highly volatile. This means that your Bitcoin can drastically lose value without warning. Depending on the volume of trading you are doing, this may mean a sizable loss.

Best free Bitcoin cloud mining providers in 2024

Name Minimum investment Supported coins Fees Payout
StormGain $50 Bitcoin, Bitcoin Cash, Ethereum, Litecoin 0.25% Daily, 50 USD
ECOS $150 Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, Litecoin. Plan starting at $0.75 TH/S per month. Daily, 0.001 BTC.
Binance $1 Monero (XMR), Litecoin (LTC), Ethereum Classic (ETC), Dogecoin (DOGE), Zcash (ZEC), Bitcoin Gold (BTG), Vertcoin (VTC), Ravencoin (RVN). 2.5% fee for Bitcoin mining and a 1% fee for Ethereum mining Daily
Genesis Mining $500 Bitcoin, Ethereum, Zcash, Dash, Monero, Litecoin $29 per mH/s Daily
NiceHash 0.034 BTC Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Zcash (ZEC) 2258 BTC for one mH/s per day Daily, 0.1 BTC
IQ Mining $108 Bitcoin, Ripple, Ethereum, Iota, Dash, Litecoin, and more. Roughly $0.675 for every 0.1 mH/s Daily in BTC

1. StormGain

Open an account
Your capital is at risk.

Bitcoin mining software StormGain enables you to invest in digital currency effortlessly. Users can monitor rising and falling assets through a user-friendly dashboard. In addition to tracking trends and price movements, this application also includes powerful charting tools.

Features:

  • A secure wallet protects your cryptocurrency.

  • Depending on your needs, you can choose from a variety of payment options.

  • Digital currency can be mined without expensive equipment.

  • You can earn interest of up to 12% on your funds.

💱 Fees: 0.25%
🚀 Minimum Investment: $100
💰 Payouts: Daily, 50 USD
🏛 Founding Year: 2019

2. ECOS

Over 100,000 users around the world use ECOS. 2017 also saw the establishment of Armenia's Free Economic Zone Zone

An accessible calculator can help you determine the best option based on mining returns. Mobile and web apps are available for ECOS.

Additionally, the company hosts mining equipment and provides mining contracts, as well as cryptocurrency indices such as the Defi Protocols Index, the Metaverse Index, and the NFT Index. In the smartphone app, you can hold and trade 247 cryptocurrencies with a multi-currency wallet.

Features:

  • Using a slider on the website, you can customize the length, size, and profit of your contract.

  • Utilize Android and iOS apps to manage mining contracts and crypto assets.

  • 0.000001 BTC is the wallet's extremely low withdrawal minimum.

  • They offer a 180-day warranty on their equipment and hosting services.

  • For one month, you can test the platform with a free mining contract.

💱 Fees: Plan starting at $0.75 TH/S per month
🚀 Minimum Investment: $150
💰 Payouts: Daily, 0.001 BTC
🏛 Founding Year: 2017

3. Binance Review

Open an account
Your capital is at risk.

Binance is a cryptocurrency exchange platform that allows users to buy, sell, and trade digital currencies. The platform offers a user-friendly interface and powerful charting tools to monitor trends and price movements. Binance also provides a secure wallet to protect your cryptocurrency. Here are some of the main features of Binance:

Features:

  • Binance offers a wide range of trading pairs, including fiat-to-crypto and crypto-to-crypto.

  • Binance provides a secure wallet to protect your cryptocurrency.

  • Binance offers a mobile app for iOS and Android devices, allowing users to trade on-the-go.

  • Binance offers 24/7 customer support through its website and mobile app.

💱 Fees: 0.1% trading fee
🚀 Minimum Investment: No minimum investment
💰 Payouts: Daily payouts
🏛 Founding Year: 2017

4. Genesis Mining

Genesis Mining developed the first mine in Eastern Europe from Hong Kong. Over 200,000 clients from diverse nations use its services at present. Different types of miners can choose from their wide range of cryptocurrency mining options, including newbies, family miners, and large investors.

Features:

  • Your wallet address will be credited with daily mining profits.

  • Mining several cryptocurrencies at once is possible.

  • There are no monthly maintenance fees.

💱 Fees: $29 per mH/s
🚀 Minimum Investment: $500
💰 Payouts: Daily
🏛 Founding Year: 2013

5. NiceHash

NiceHash provides mining hosting and computing services. By using it, you can link your miners, deposit coins, purchase mining packs, and sell hash rates. Use NiceHash to sell GPU hash rates on your computer after installing the application, selecting a GPU, and then using that GPU's hash rate.

Features:

  • Cryptocurrencies such as Ethereum, Dogecoin, Litecoin, and others can be mined.

  • Fiat's withdrawals

  • Cryptocurrency trading platform integrated into the app.

  • Supervision and management of remote mining operations.

  • Trading with a hash rate on a peer-to-peer network.

💱 Fees: 2258 BTC for one mH/s per day
🚀 Minimum Investment: 0.034 BTC
💰 Payouts: Daily, 0.1 BTC
🏛 Founding Year: 2014

6. IQ Mining

With IQ Mining, you will be able to benefit from the experience of a team of blockchain and IT experts with cryptocurrency experience. Algeria, Georgia, Canada, Iceland, and China are among the countries where the company operates data centers. Combined with options margin, it allows you to trade cryptocurrencies.

Features:

  • Extra income from specialized mining agreements.

  • Trade funds up to the full contract cost in exchange for your contract pledge.

  • A mining contract without funding.

  • Mining information for Bitcoin

💱 Fees: Roughly $0.675 for every 0.1 mH/s
🚀 Minimum Investment: $108
💰 Payouts: Daily in BTC
🏛 Founding Year: 2017

7. Bitdeer

It is now possible to trade cloud hash mining contracts, multi-brand markets for hash rates, and cloud hosting services on a popular cryptocurrency platform called Bitdeer. With Bitdeer, a well-known global provider of digital assets, customers from more than 200 countries can now access cloud contracts. A major goal of the company is to form strategic partnerships with global mining pools and equipment manufacturers. Furthermore, this service provider operates data centers in the US and Norway. As a result of Bitdeer's excellent mining facilities, it promises 100% uptime to its customers.

Features:

  • A calculator for profitability and income

  • A marketplace for hash rates with a range of third-party sources

  • Direct payments received from the top mining pools

  • Charts of cryptocurrencies in real-time

  • Bonuses and promotions

💱 Fees: $542 per 50 TH/s
🚀 Minimum Investment: $542
💰 Payouts: Daily, 0.002 BTC
🏛 Founding Year: 2018

8. Kryptex

Kryptex is a Windows application that offers a simple way to monetize your computer's processing power. Unlike traditional cryptocurrency mining that demands technical expertise, Kryptex streamlines the process, allowing your PC to work silently in the background, earning you rewards.

Features:

  • Kryptex automatically identifies the most profitable cryptocurrency to mine, maximizing your earnings.

  • Manage mining remotely from the website, allowing you to pause and resume from anywhere.

  • Stay informed with performance data, including temperature, fan speed, power usage, profitability, and earnings.

  • Kryptex keeps your mining software current and efficient.

  • Withdraw earnings as bitcoins or to your bank card, with a low minimum withdrawal of $0.5.

  • Kryptex alerts you to any issues, ensuring smooth operation.

💱 Fees: 2.5% mining fee
💰 Payouts: Daily payouts
🏛 Founding Year: 2016

9. BTCminer

BTCminer Limited is a prominent player in the world of Bitcoin mining, actively participating in financial activities related to Bitcoin mining and trading. This company stands out for its dedication to security and cutting-edge technology.

Features:

  • BTCminer Limited offers top-tier security with daily database backups using the SHA-256 algorithm.

  • Enjoy uninterrupted mining with a guaranteed 100% network uptime, thanks to cutting-edge technology and hardware.

  • Withdraw your earned BTC daily upon reaching the minimum payment threshold, with a quick and secure process.

  • Start cloud mining immediately after purchase and payment confirmation, eliminating delays.

  • Transparent and cost-effective, with earned profits directly credited to your address.

  • Access the latest mining rig, ASIC miner, and GPU cards for advanced mining tech.

💰 Payouts: Daily
🏛 Founding Year: 2017

How does free Bitcoin cloud mining work?

In order to mine Bitcoin for free, you need to have a few essentials. First, you need to have an e-wallet that will allow you to store the Bitcoin you earn. After that, you need a special encrypted bank account in order to transfer your earnings. Next, you need to install free mining software on your device. Lastly, you simply need to set up the software and link your Bitcoin mining account with your the Bitcoin wallet.

Is free Bitcoin mining worth it?

Many potential investors wonder if free Bitcoin mining is worth it. Generally speaking, for a free bonus hash rate, you cannot earn a lot. Moreover, if you buy power, the chances of earning decrease even more.

Some key profitability factors are

Cryptocurrency prices: One of the top factors affecting profitability is the general price of crypto.

Mining difficulty: The difficulty of the mining can change and fluctuate depending on the platform and conditions at the time in which you are mining.

Electricity price: Lastly, fees fluctuate based on the general price of operating the machines required for mining.

Regulations: Lastly, you should also be aware of the regulations. Although the cryptocurrency market is mostly unregulated, there are some regulations to be aware of. Moreover, given that there has been so much scrutiny about the lack of regulations in terms of Bitcoin mining, this may lead to international regulations being implemented in the near future.

Is free Bitcoin mining legit or a scam?

When it comes to Bitcoin mining, traders beware. Although there are lots of highly reputable Bitcoin mining platforms, under the guise of free bitcoin сloud mining, scams are entirely possible. Therefore, it is worth contacting only proven cloud mining platforms. Free mining is possible as a small bonus, but successful platforms cannot afford to simply give away money without getting anything in return.

How to choose a trustable cloud mining provider

Are you wondering how to go about choosing a trustable cloud mining provider? Here is a list of steps to get you started:

Research: One of the first things you need to do to find a trustable cloud mining provider is research. You must take the time to read reviews, as well as guides such as these, in order to to find the best cloud mining platforms.

Supported coins: Next, you need to make sure and find out which coins are supported on the platform. Not all platforms support the same crypto coins. Make sure that your chosen platform supports Bitcoin before subscribing to it.

Check the fees: Just because a platform is offering free Bitcoin mining doesn’t mean the entire process is free. You will be expected to pay transaction fees and other costs.

Check the minimum investment: You must also be aware of the minimum investment amount. Some platforms have much higher minimum investment amounts than others.

Reliability: You also need to learn about the level of reliability of the site. In order to ensure your investments are secure, you need to ensure that you are using a reliable website.

FAQ

Where can I mine Bitcoin for free?

Genesis Mining developed the first mine in Eastern Europe from Hong Kong. Over 200,000 clients from diverse nations use its services at present.

Which sites can I mine Bitcoin at?

StormGain, ECOS, Genesis Mining, NiceHash, and IQ Mining are some of the best Bitcoin Mining Pools/Cloud Mining websites.

Is there any free cloud mining?

Bitcoin mining software StormGain enables you to invest in digital currency effortlessly. Users can monitor rising and falling assets through a user-friendly dashboard.

In what ways can traders acquire Bitcoin?

Traders can acquire Bitcoin by accepting them as a payment method for goods or services, earning them via competitive mining, exchanging them with someone near you, or purchasing them at a Bitcoin exchange.

Is Bitcoin anonymous?

No, it is not anonymous. Transactions can be traced via public records and the blockchain.

What can be done about lost Bitcoin?

In order to retrieve lost Bitcoin, you must have the private key to your e-wallet or account. Otherwise, it will remain on the blockchain, as no one else will be able to access it without your private key or login information.

Do you have to pay taxes on Bitcoin?

Although Bitcoin is not a fiat currency, you may be required to pay taxes on it, depending on the amount of Bitcoin you buy, sell, or trade.

Team that worked on the article

Johnathan Maverick
Financial Markets Expert

Johnathan M. is a U.S.-based writer and investor, a contributor to the Traders Union website. His two primary areas of expertise include finance and investing (specifically, forex and commodity trading) and religion/spirituality/meditation.

His experience includes writing articles for Investopedia.com, being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. Johnathan is also an active currency (forex) trader, with over 20 years of investing experience.

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Dr. BJ Johnson
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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

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Mirjan Hipolito
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Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.