Some Bitcoin mining methods include cloud-based mining, which involves leasing mining contracts from hardware facilities to mine Bitcoin and earn a reward remotely. Other solutions involve buying hardware directly from re-sellers and hosting the mining equipment in secure data centers, where they receive cheap electricity.
Furthermore, some mining methods are based on new protocols which mine BTC in the background and provide token rewards to participants.
In this article, we will cover five of the best Bitcoin mining methods to earn passive income in the cryptocurrency industry.
p 5 best Bitcoin mining methods to earn passive income
- Copium Protocol – A simple mining solution to participate in passive crypto mining
- Ecos – An all-in-one crypto investment and mining platform
- Zionodes – The leading marketplace for Bitcoin mining hardware
- CryptoTab Browser – A web browser that mines BTC in the background
- Easy BTC Mining – A user-friendly cloud mining solution
A closer look at the top 5 best Bitcoin mining methods to earn passive income
Copium Protocol is a cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining. The project aims to revolutionise crypto mining by removing unnecessary technical jargon and equations that often confuses new investors.
The renewable energy focused mining protocol is centred around Copium Mining, a real-world, established cryptocurrency mining facility situated in Otago, New Zealand.
The mining facility is unique because it is entirely powered by a surplus supply of renewable Hydroelectricity generated in the foothills of New Zealand’s Southern Alps. This is a key factor in reducing the negative stigma often surrounding power-intensive crypto mining.
The initial launch phase of the project will be the Copium Protocol Investor Pass – A collection of 10,000 NFTs which will mint early-mid October on the Ethereum network. The Investor Pass NFTs will be sold at Dutch Auction via copiumprotocol.io at a start price of 3.5 ETH (TBC).
NOTE: The first 2,000 people to register via the project website will receive a guaranteed mint spot at a lower fixed price of only 3 ETH.
Holders of the Copium Protocol Investor Pass will receive the following benefits:
- An exclusive airdrop of Copium Coin – The native ERC-20 token which powers the ecosystem.
- The ability to stake the pass on the platform in exchange for a daily allocation of Copium Coins.
- The ability to stake Copium Coin holdings at much higher ROI, Investor Pass Holder only rates.
- Automatic entry to monthly Copium giveaways.
In addition to these benefits, the owner of each Copium Protocol Investor pass minted will go into the draw to win 1 of 2 Bitcoin giveaways.
The great thing about Copium Protocol is its structure and design as an entire, self-improving ecosystem.
One key deflationary characteristic of the Copium ecosystem is the use of daily Copium Mining revenue to purchase Copium Coin from the open market. These coins are then sent to the token burn address, reducing the circulating supply.
Following the successful launch of both the Investor Pass and Copium coin, will be the implementation of the Copium Staking Platform, a key pillar of the project ecosystem. Users can stake their coin holdings, for a range of periods, in exchange for varying, high-yield interest rates. Staking Platform users will have access to a range of interactive features, including the ability to:
- Customize personal stake settings
- Forecast future returns
- View current Copium Coin holdings
- View current contract expiry dates
Investor Pass holders will be entitled to stake Copium Coin holdings at exclusive, high-interest staking rates. Compared with standard public staking rates, the minimum pass holder rate is still higher than the maximum achievable public staking rate. In summary, should you wish to maximise your return on investment, ownership of the Investor Pass is the best option to secure this goal.
Overall, Copium Protocol provides an innovative and effective means of earning a passive income through Bitcoin mining. In addition, the straightforward design makes the project extremely accessible to any level of investor, regardless of their previous knowledge in the cryptocurrency mining sector.
Ecos is an all-in-one crypto investment platform that includes a wallet, an exchange, hosting, and a cloud mining platform. The platform also has a convenient mobile app on Google Play and the iOS store.
Cloud mining is one of the easiest ways of earning Bitcoin passively without investing in expensive mining equipment. Ecos has made the process so seamless that users can start mining after just two clicks.
The Ecos platform has a large data center with Antminer S19j Pros, using 200 MW of electricity. Users of Ecos can lease this equipment, making Bitcoin mining simple, profitable, and reliable. Renting the equipment means there is no hassle buying and maintaining equipment or fiddling around with mining pools.
The electricity is provided by Hrazdan TPP and is in direct agreement with the electricity provider at a preferential price.
The mining center is located in the Free Economic Zone of Armenia and was established in 2017. Having a Free Economic Zone residency means the company is exempt from income taxes, VAT, import and export taxes, and property and real estate taxes. As a result, the savings are offset to the customer for higher returns.
Using the Cloud Mining service from Ecos, customers can receive daily payments from their lease. In addition, users can choose specific durations for cloud mining contracts that range from 24 months to 50 months.
Ecos also provides equipment and hosting services. This allows customers to purchase equipment and pay Ecos to host the miners in their facilities.
Zionodes is the world’s leading marketplace for Bitcoin mining. Headquartered in Singapore, Zionode’s primary mission is to make user-controlled mining available to everyone by providing a secure, cost-effective, and reliable mining ecosystem to search through.
The platform aggregates data centers, hardware sellers, and miners together in one location to make it easy for customers to find a suitable mining solution.
Zionodes differs from others on this list as it is not a cloud mining platform or a protocol that uses mining to release a native token. Instead, customers can purchase Bitcoin mining hardware through the platform that hardware owners are selling. They can then search for a suitable data center to host the equipment and receive a completely passive income in return.
Buyers can be sure that the hardware they purchase has been verified as authentic by the team as the equipment is already pre-installed in their facility.
Once a miner has been purchased from the marketplace, the team aims for the equipment to come online within two weeks. After that, the performance of the equipment is tracked for 10-days before it is made available to the customer.
Once running, customers can easily see the status of their hardware and monitor stats, including;
- Hash rate
- Online time
- Cooling efficiency.
Furthermore, the pool settings are all customizable from the account interface, meaning miners can choose a mining pool that suits their needs.
Once the one-year contract hosting expires, customers can request the physical delivery of their ASIC hardware. This is something that is not possible with many other hardware seller solutions.
CryptoTab Browser is an innovative browsing solution that makes web browsing a profitable endeavor.
CryptoTab Browser is the world’s first browser with mining features that lets you earn BTC while browsing the web. Finally, users can make a profit by mining Bitcoin while watching videos on YouTube or calling friends through Skype.
So far, the platform is already live and has managed to attract over 25 million users.
Users simply have to download the browser from the website to get started. The browser can be downloaded on PC, macOS, iOS, and Android Devices.
The browser comes equipped with the fastest built-in mining algorithm that allows more efficient usage of your computer’s resources. In fact, the mining feature is slated to mine up to eight times faster when compared with the Google Chrome extension.
The mining occurs in the background, so users will never see any performance lag while trying to browse the internet.
The project is unique because it is a lightweight browser, making it extremely fast and efficient. Furthermore, it comes with privacy features that block suspicious IP addresses and malware extensions. It also has features that other browsers don’t include, such as;
- The ability to adjust the UI to suit your needs – drag and pin tabs into groups and customize pages using handy widgets.
- A novel address bar – search the web and send links to other devices directly from the address bar.
- Search features – the browser has private and secure search features with no-tracking applications following you around the internet.
The platform also boasts a Cloud.Boost feature, which allows users to multiply their mining speed on the same hardware up to 15x. This feature speeds up the hash rate without consuming additional power from your computer. Furthermore, users can mine up to 300x faster on android devices if they combine their multipliers across multiple handsets.
The platform also has an affiliate marketing program that pays you a 15% commission to recruit new users if they sign up by using your personal link. The affiliate marketing program goes 10-levels deep, so if your referees invite new users, you get additional commissions.
Easy BTC Mining
Easy BTC Mining is a cloud mining contract platform that offers an easy-to-use service to earn a passive income through mining BTC. The company behind the project is a reputable EU company with over 10 years of experience in the industry.
Users simply just have to sign up to the website with their email and pay for the mining contract to get started with cloud mining.
The platform covers over 100 different mining algorithms, so you don’t just have to mine BTC.
Payouts are paid daily on the platform, and mining immediately starts after confirming the payment. Users must deposit BTC into the BTC Wallet Application on the platform’s interface to get started.
Then, they choose what type of mining hardware they wish to use. The platform offers five different cloud mining contracts that start from as little as 0.00001 BTC and go as high as 0.499 BTC. Users can expect to mine around 0.045 BTC daily on the higher tier. All of the contracts offered by Easy BTC mining are set for one year.
Easy BTC Mining has a referral system that pays users commissions if they invite their friends to the service. There is also a support ticket system to contact the company if any issues arise with the mining contracts.
As you can see, many mining methods exist to earn passive income in the sector. Each one presented on this list is unique and ranges from protocol mining to individual-hosted mining solutions.
However, Copium Protocol is perhaps the best option to earn a passive income through mining. Their facility is completely powered by a surplus supply of renewable Hydroelectricity, and the current Investor Pass NFT collection provides a great opportunity to get into the space and reap the benefits of a higher ROI when staking. Overall, once the protocol launches, it will provide the perfect opportunity for investors looking to earn a passive income through Bitcoin mining.
Disclaimer – The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.