Let’s face it. Cryptocurrency mining is not as profitable as it used to be. The ban in China, combined with falling BTC prices, has consistently reduced the profitability of cryptocurrency mining over the past year.
As a result, many mining operations are starting to power down their machines because their revenue barely covers the cost of the electricity needed to power their devices.
However, despite declining profitability, a small number of cryptocurrency projects still make money from mining. Some projects need to mine alone, while others have cloud-based mining operations. Alternatively, some projects can invest in NFTs that generate income from cryptocurrency mining.
Here are the 5 best projects and cryptocurrency mining sites that are still mining for profit, regardless of strategy.
Top 5 best projects to mine for profit
- copium protocol – Best overall mining project for passive cryptocurrency mining
- StormGain – an all-in-one ecosystem providing cloud mining services
- BitFufu – Cloud mining service provider in partnership with Bitmain
- Ecos – All-in-one cryptocurrency investment and mining platform
- CudoMiner – mining software with over 100,000 users
Let’s take a closer look at the top 5 best projects to mine for profit
1. Copium Protocol
copium protocol A passive cryptocurrency mining ecosystem that provides an effective and easy way to participate in cryptocurrency mining.
The project aims to revolutionize the entire mining industry by removing unnecessary jargon and providing a way to mine without investing in expensive hardware.
The entire protocol is a multifaceted ecosystem that includes:
- copium mining
- copium coin
- Investor Pass NFT
- copium staking
The Copium Protocol is centered around Copium Mining, a real cryptocurrency mining facility located in Otago, New Zealand. This mining facility is very unique as it is powered by a surplus supply of 100% clean and green renewable hydroelectric power generated at the foothills of New Zealand’s Southern Alps. This means Copium Mining does not suffer from the negative stigma associated with using non-renewable resources to mine cryptocurrencies.
The Copium Protocol Investor Pass will be released during the initial launch phase of the Copium Protocol. This is a collection of 10,000 NFTs to be issued on the Ethereum network in early to mid-October.
Investor Pass NFTs will be sold on Dutch Auctions in the following ways: Copium Protocol.io, with a starting price of 3.5 ETH. However, his first 2000 users who register their interest early will receive a guaranteed mint spot at a low fixed rate of 3 ETH.
Investor Pass NFT holders are entitled to the following benefits:
- Exclusive airdrop of 10,000 Copium Coins.
- Ability to stake Investor Passes on the platform in exchange for a daily allocation of 10 Copium Coins.
- Ability to stake Copium coins at special interest rates offered only to Investor Pass holders.
- Automatic entry into the monthly Copium Giveaway.
After the Investor Pass NFT is sold, the proceeds from the sale of the NFT will be used to upgrade the hardware and infrastructure of the Copium mining facility. Copium Mining is highly regarded in the New Zealand cryptocurrency industry and offers the latest generation of cryptocurrency miners to buy in bulk.
Once the facility is upgraded, daily earnings from cryptocurrency mining with Copium Mining will be used to purchase Copium coins from the open market, providing a daily demand for assets.
Additionally, Copium coins purchased from mining earnings are sent directly to the burn address and removed from the supply. As a result, Copium Coin will become a deflationary asset, increasing in scarcity over time.
Copium Coin is an ERC-20 token that powers the ecosystem and will be launched at the same time as the Investor Pass. First, however, there will be a coin pre-sale that runs 60 days before his official launch to generate an initial level of liquidity for the token. The presale price is $0.10 per coin.
After the investor pass and the successful launch of the Copium coin, the team will implement the Copium staking platform.
The staking platform is a key pillar of the ecosystem, allowing Copium coin holders to stake their assets at high yields. Users can bet assets with a range of locked and unlocked periods offering varying returns. The longer the lockup period, the higher the interest accrued.
It is important to note that Investor Pass holders receive a special rate on the Copium Staking Platform. The minimum interest rate for Investor Passholders is much higher than the maximum achievable public offering interest rate. Therefore, to maximize earnings on Copium Coin staking, a user must purchase her Investor Pass NFT.
Overall, the Copium protocol offers an excellent strategy for mining cryptocurrencies for passive profit without the need to invest in expensive mining hardware.
StormGain is an all-in-one cryptocurrency app that allows users to buy and sell cryptocurrencies with 0% commission. Also, users can earn crypto through mining on the platform.
Their mining section allows users to earn free bitcoins every day without draining battery or CPU. Additionally, 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 countries. The platform has been awarded Best Crypto Broker of 2021 by World Finance and UF.
Their mining concept is interesting because the user’s mining speed depends on reaching a certain trading volume on the exchange.
Users can start at 0.5x speed and earn about $6.21 USDT in 30 days. However, if you increase your trading volume on StormGain to $150,000 USDT, your mining speed will double his and you will 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 big traders can mine at a rate of 530x and earn his 30-day earnings of 5,580 USDT.
Mining runs on StormGain servers and does not require users to install any specific software or own mining hardware.
The interesting thing about StormGain is that mining takes place every 4 hours. After 4 hours, you will have to wait for the next period to start mining again. Users can withdraw mining rewards after accumulating at least 10 USDT in Bitcoin through mining.
In addition to the mining section, StormGain also offers trading, trading signals, a wallet to store your coins, a staking service, and a complete academy to learn about cryptocurrencies.
BitFuFu is a digital asset mining service and the world’s leading cloud mining service provider. Additionally, the company is the sole strategic partner of Bitmain, the world’s largest Bitcoin mining hardware manufacturer.
The project aims to provide cryptocurrency mining services transparently and make it as easy as possible for users.
BitFuFu offers the following categories of cryptocurrency mining:
- cloud mining
- minor hosting
- sale of miners
- self mining
- agency services
The company’s cloud mining service is its flagship product, allowing users to borrow hashrate from BitFuFu facilities and mine directly.
The company owns numerous mining facilities in Canada, the United States and Kazakhstan.
Users can rent 30Series mining hardware for 120-360 days. The service charges a hashrate fee and a service fee, with the rest of the profits left to the user.
Users can mine BTC and ETH through our cloud mining infrastructure.
BitFuFu Mining Hosting Service allows users to host their personal miners at BitFuFu facilities. However, users have to pay a hosting fee of $0.075-0.085/kWh.
In addition, BitFuFu also operates a marketplace where users can purchase hardware directly. Our strategic partnership with Bitmain allows us to offer the latest hardware at competitive wholesale prices.
Finally, BitFuFu will provide institutional services to allow institutions to start mining through their facilities.
Users can actively monitor all mining services on the go with the BitFuFu mobile application for Android and iOS.
Ecos is an all-in-one cryptocurrency mining investment platform. Platforms include wallets, exchanges, and cloud mining services.
Ecos is determined to make cloud mining as seamless as possible and has developed a system that allows users to start mining cryptocurrencies with just two clicks.
Cloud mining services run through massive data centers filled with S19j Pro, one of the top rated Bitcoin mining hardware. Users can participate in cloud mining by renting these S19j Pro. This process is easy and does not require the user to know how to set up the hardware.
One of the cool things about their hardware facility is that Hrazdan TPP provides the electricity. Hrazdan TPP has partnered with Ecos to provide electricity at preferential rates through direct contracts.
Moreover, their mining centers are located in the Free Economic Zone of Armenia. This means that the company does not have to pay income tax, VAT, import/export tax and property tax. This allows Ecos to keep prices low as it passes all savings back to its customer base.
Once the mining contract is signed, the user will immediately start mining the cryptocurrency. As miners earn cryptocurrencies, they receive daily payouts directly. In addition, the user can choose the specific duration of his cloud mining, from 24 months to 50 months.
In addition to mining services, Ecos offers wallets and exchanges. In addition, users can invest in custom-made indices containing various coin sets. For example, the Elon Musk Index includes Bitcoin, Dogecoin, and Ethereum.
Finally, Ecos offers detailed mobile applications on Android and iOS platforms, allowing users to track their daily mining activity on the go.
CudoMiner describes itself as the future of cryptocurrency mining. He has over 100,000 users earning cryptocurrencies using the software.
The platform provides cryptocurrency mining software and a cloud computing platform to allow users to mine cryptocurrencies.
CudoMiner is a carbon neutral company in partnership with AMD, BlockVenture and Hydro66.
Their smart cryptocurrency miner is an automated desktop application that mines cryptocurrencies when your computer is idle. The software allows users to easily mine her BTC, RVC, ETH, and his XMR.
One of the best features of this software is the automatic coin switching feature to maximize profitability. This feature automatically switches between algorithms so your machine always mines the most profitable coins.
The software continuously scans for the best mining options and automatically switches to the best coin. The software is also packed with features that provide users with advanced settings. For example, the user can adjust her GPU sleep time, benchmark his timeout, overclock settings and GPU intensity.
Users are paid instantly and do not have to wait for payments from the pool to claim their earnings.
CudoMiner software allows users to get their mining hardware up and running within 60 seconds and earn up to 40% earnings with automatic coin switching.
In addition to CudoMiner, the project also has elite crypto mining farm management software for enterprise-scale miners to manage their hardware.
Cryptocurrency mining profits may be starting to decline, but some projects are worth investigating to see if they can still generate profits. Cloud mining, hosted services, mining protocols No matter which coin you are looking for, all the projects on this list have the potential to be profitable.
In our opinion, your best bet for sustainable gains is to use the Copium protocol. The project has an intuitive ecosystem, ensuring a sustained demand for Copium Coin through the mining revenue generated at the Copium Mining facility. Plus, the Investor Pass NFT hasn’t been issued yet, so you won’t be late to the party.