Cryptocurrency mining is a daunting subject. Even if you’re able to wrap your head around cryptocurrencies, there’s then the mining side of things? In all honesty, mining makes up a huge part of how cryptocurrency and blockchain networks operate.
Plus, getting involved requires powerful mining equipment—like in the case of Bitcoin. For many, mining is a gamble – it’s risky. That risk coupled with the huge outlay turns many potential miners off.
However, there is a way to start Bitcoin mining free. It’s thanks to a process called cloud mining. This post breaks down what cloud mining is and how you can find some free cloud mining services.
Paid vs. Free Cloud Mining Providers
A cloud mining provider allows you to invest funds in a mining operation.
Your invested money goes toward specific parts of the operation, netting you rewards for your investment. The more one invests, the more rewards they generally see.
The platform handles the dirty work. They’ve got mining farms established and ready to go. All they need is the funding to pay for maintenance and other operational costs.
Seeing that, you may be wondering “is cloud mining free?” It’s true that many cloud mining providers charge upfront fees or subscriptions to allow you to participate in their operation.
While this might seem like a bad deal, it does mean the potential for more rewards, and faster. For those who don’t have the funds to invest, free cloud mining services exist.
Some free cloud mining operating give you some funds upfront to get started.
Laying the foundation for your cloud mining operation, those funds serve as a great starting point to add to, reinvesting, and earning more over time. These platforms generally also offer you options to invest and increase your earning potential. The decision is up to you, of course.
This Guide Contains:
- Paid vs. Free Cloud Mining Providers
- Free and Paid Cloud Mining Providers
- Is Free Mining Legit?
- How Can I get 1 Bitcoin for Free?
Free and Paid Cloud Mining Providers
Here is a list of cloud mining providers. Some of them will charge you, but others are free and you can get started without any investment. Take a look at each one and see which fits your financial situation.
1.) StormGain (Free Option)
StormGain offers a free cloud mining app for your Android or iOS device.
There’s no equipment necessary, and the website claims to not even drain your battery or use up any CPU. And as proof you can trust StormGain, the platform claims it is a Member of the Blockchain Association of the Financial Commission. This verifies the group as legitimate.
It takes four hours to bring in a reward from mining. You can withdraw any rewards once they hit over 10 USDT in Bitcoin.
From there, simply click the withdraw button and the assets will show in your account within 72 hours. It will be credited as a trading bonus.
You can qualify for faster mining speeds based on your trading volume. The higher it is, the faster you can mine, which provides a loop that constantly boosts the other factor.
- Free cloud mining app.
- Doesn’t drain battery or CPU.
- Provably legitimate company.
- Can only speed up mining with trading volume.
- Reward threshold is high.
2.) IQ Mining (Paid Option)
IQ Mining is a cloud mining platform offering support for mining various cryptocurrencies alongside Bitcoin. Upon signup, IQ Mining has you purchase a “hashrate contract.”
This is how powerful your mining hashrate will be. You’ll then pay for contract upfront, funding the amount of cryptocurrency your contract will mine. The price factors in current mining difficulties and efficiency of the market.
From here, IQ Mining pays out daily returns based on your hashrate. The more you pay more, the more you’re set to earn.
Higher contract levels have higher hash rates, and there is even a lifetime option should you be so inclined. You can withdraw your returns when they reach a threshold of 10 USD. It should show in your account within 24 hours.
It’s worth noting that you’ll be paying for maintenance fees when purchasing a contract. However, this also means you’ll earn the exact amount you see, rather than paying fees when the contract is over.
- Great price variety.
- Pays out daily.
- Supports various cryptocurrencies.
- Have to pay fees right away.
3.) Bitland.pro (Free & Premium Offerings)
Bitland.pro provides you with 1 USD’s worth of a bonus when you sign up. All you need is an email and a password.
From there, you simply need to click start on your preferred cryptocurrency, with options being Bitcoin, Dogecoin, Litecoin, Tron, and Tether. If you’d like, you can add money to the platform for faster rewards.
Bitland allows you to withdraw funds every 15 minutes, and may provide bonuses if you’re mining between a 5 and 50 GH/s hashrate.
The platform allows a minimum deposit of just 0.1 USD. They also offer a quick chat service for support, referral bonuses at that.
This cloud mining service also offers various subscription tiers, ranging anywhere from $1 to $450. The higher tier you subscribe to, the more bonuses you’ll see.
- Supports multiple cryptocurrencies.
- Free tier is decent.
- Various tiers for additional rewards.
4.) Freemining.co (Free & Premium Offerings)
Freemining.co offers tiers starting at 0.002 Bitcoin, ranging up to 0.35 BTC. There is a free tier, but it doesn’t provide much at all, and also makes you hit a minimum threshold to withdraw.
That said, the platform offers instant mining and withdrawals after a confirmed payment. It also shows you every fee before you invest, so there aren’t any hidden transaction fees. You can earn from up to five affiliates as well.
Interestingly, Freemining.co has a “lucky game” where you can spin to earn small amounts of BTC.
Those rewards can then go toward your mining payments, earning you more in the long run. For some reason, however, you cannot change your deposit Bitcoin address after signing up. If you end up switching wallets down the line, you’ll have to keep this one alive.
- Free tier for testing.“Lucky Game” for free Bitcoin.
- Instant withdrawals.
- Transparent Fees.
- Free tier isn’t great after a while.
- Lots of negative reviews from past customers.
- Can’t switch Bitcoin wallets.
5.) MinerFarm (Paid Offering
MinerFarm is a paid cloud mining service that offers various features for a low price.
For one, the platform allows you to run multiple miners via the same computer, like running a GPU and CPU at the same time. It counts this as running two active miners at once that you can switch between as you’d like.
If you subscribe for $5/month or higher, you are provided various features like the ability to set up email notifications, view problem logs, and have access to ASIC miners and others.
All connections to miners are encrypted on the spot if you’re a subscriber as well.
- Runs GPU and CPU miners at the same time.
- Offers tons of features to all subscriber tiers.
- Provides access to ASIC mining.
- No free tier.
Is Free Mining Legit?
Yes, though there are many scam sites out there. Make sure to do your research and don’t give any money to ponzi schemes and other dangerous platforms. See what other users have to say, verify everything before making an investment decision.
How Can I get 1 Bitcoin for Free?
By signing up with a free cloud mining service, it’s possible to eventually gather a whole Bitcoin for free. How long it will take depends on the service’s hardware, how much of a hash rate they’re offering you, and Bitcoin’s mining difficulty at the time.
Now you’re a little more aware of free cloud mining, as well as some paid services. This is one of the only ways to start free Bitcoin mining without investment. Otherwise, most methods will cost you a hefty penny, assuming you don’t already have a powerful PC to get started.
Good luck out there, and stay safe while mining. Don’t fall victim to any scams!