Bitcoin is currently one of the most sought-after digital investments by investors because it has a high price based on its market capitalization so that many people are tempted by the advantages that Bitcoin provides.
However, high price fluctuations make Bitcoin a risky investment asset. Bitcoin prices that can soar but can also drop drastically in an undetermined time, can make someone very rich or even very loser.
What is Bitcoin Mining?
There are several methods to begin investing in Bitcoin. That is, by buying on a Bitcoin trading provider platform that has been registered and supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA).
Another way is Bitcoin mining, which aims to get Bitcoin or the process of creating new coins through solving algorithms or mathematical calculations and also validation for crypto transactions using certain devices. The tools used are several devices from a computer, such as a graphics card, processor, RAM, motherboard, hard drive, and power supply
Over time, mining Bitcoin no longer needs to have a PC capital with qualified specifications. Yet, it is possible to do so through cloud mining, namely through certain websites that provide Bitcoin mining over the Internet.
5 Trusted Bitcoin Mining Sites
1. Hashnest
Known as one of the earliest companies to provide cloud mining services whose parent company, Bitmain Technologies, is based in Beijing China, and has been operating since 2014. Hashnest can guarantee 99.9% uptime with its state-of-the-art equipment.
You can buy cloud mining contracts on Hashnest starting at 1GH/s. For those of you who want to sign up with a standard contract, the capacity offered is $1699 with a daily maintenance fee of $0.21/TH.
2. Hashing 24
Hashing24 has been around since 2015 it has developed a software solution that allows you to purchase hash-power through an easy-to-use interface and monitor changes in your account balance.
In addition, Hashing 24 also guarantees a stable hash power of 100% uptime, fast deposits to your account, and maximum efficiency backed by state-of-the-art tools. The prices offered on this site range from $19 to $68 for 100 Tb/s.
3. IQ Mining
The next trusted Bitcoin mining site is IQ Mining. The platform which was founded in 2016 has managed to gain a lot of popularity and trust from its users. One of the advantages of IQ Mining is that you can mine several digital currencies at the same time.
IQ Mining itself offers 3 contract options that can be chosen and adjusted to the benefits that will be obtained. When you want to register, you can choose one of three account options consisting of Bronze, Silver, and Gold.
4. Genesis Mining
Genesis Mining is the world’s largest cloud mining provider. Founded in December 2013 and opened its mining facilities in October 2014. Apart from Bitcoin, they also offer mining services with multi-pool options such as Dogecoin, Litecoin, Darkcoin, etc. Unmitigated, 2 years after its founding, Genesis Mining managed to have 100,000 customers!
The features presented by Genesis Mining are various. Starting from the existence of mining results that can be obtained daily, supported by sophisticated technology, freedom of allocation, and all your mining charts and data are presented with an intuitive money dashboard. Of course, this site is also equipped with a high level of security and privacy.
5. CryptoUniverse
Over 18 000 AntMiner S9k Miners and Bitmain AntMiner S17+, AvalonMiner 1066, and Avalon Miner 1146 ASIC-Miners work in their data centers every day. CrytoUniverse mines Bitcoin using the SHA-256 algorithm.
What To Look For Before Mining To Stay Safe
Regardless of which trusted Bitcoin mining site you choose, there are a few things that you should pay attention to so that mining can be done safely. First, of course, you have to do some research about the service provider. Such as the existing hash power, the contract fees offered, the contract period given, and the maintenance fees charged. Because each service provider has a different price.
Second, make sure the mining service provider is able to show their data center. Because again, there are lots of irresponsible people who take advantage of this cloud mining service as a cover for fraud. You can’t just be tempted by a high ROI. Because the profit is very dependent on the price of Bitcoin that you mine.