Bitcoin mining hardware is essential for mining, but not all of them are profitable anymore. In this article, you will learn if investing in rigs is still worth it.

Bitcoin mining hardware is an essential item when it comes to cryptocurrency mining. You are probably here because you are looking for one. If you do, then you are just on the right page.

A reliable and efficient hardware is a must to make bitcoin mining profitable. In this article, we will explore the best options available on the market that also fits your requirement and budget. So let’s get started!

Mining Hardware	Price Check	Features	Price
Dragonmint 16T		Hash rate:16 TH/s Power consumption: 1600 W Efficiency: 0.075J/GH Weight: 19 pounds	$$$$$
Bitmain AntMiner S9		Hash rate:14 TH/s Power consumption: 1350 W Efficiency: 0.098J/GH Weight: 10.14 pounds	$$$$
Avalon 6		Hash rate: 7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Weight: 10.58 pounds	$$$$
Bitmain AntMiner S7		Hash rate: 4.73 TH/s Power consumption: 1300 W Efficiency: 0.098 J/GH Weight: 7.5 pounds	$$$$
AvalonMiner 741		Hash rate:7.3 TH/s Power consumption: 1150 W Efficiency: 0.16 J/GH Weight: 10.58 pounds	$$$
Bitmain AntMiner V9		Hash rate: 4.0TH/s ±5% Power consumption: 1027W ±10% Efficiency: 0.253 W/GH ±7% Weight: 3.5 Kilograms	$$$
Bitmain AntMiner S5		Hash rate: 1 GH/s Power consumption: 590 W Efficiency: 0.51 J/GH Price: Second Hand Weight: 7.5 pounds	$$$

What is Bitcoin Mining Hardware

The right bitcoin mining hardware is a necessity if you want to earn during bitcoin mining. Before, miners used a central processing unit (CPU) to mine, but it wasn’t fast enough.

So, miners moved on to using graphical processing unit (GPU) in computer graphics cards as they have data 50 to 100 times faster and consume less power per unit of work.

In 2011, the trend was field-programmable gate array (FPGA) processors that are attached to computers using a convenient USB connection. FPGA is much better than CPU’s and GPU’s in terms of power consumption. It also made concentrated mining farms possible.

Today, the new trend for bitcoin mining devices is Application-Specific Integrated Circuit (ASIC). ASIC has taken over the miners thanks to its unprecedented speed and less power consumption.

ASIC Mining Hardware: What Is It?

ASIC is dedicated to a specific task, so if it’s for mining, that’s the only job it can do. The good thing with this is that it can concentrate for that task and is excellent at what it does.

ASICs are designed solely to solve Bitcoin blocks. They only have minimal requirements for other normal computer applications that is why it can solve Bitcoin blocks faster and use lesser electricity compared to older bitcoin minders like CPUs, GPUs and FPGAs.

Bitcoin ASIC technology keeps getting faster and more efficient to make mining more profitable. This machine keeps pushing the limit to give you the best bitcoin mining hardware experience.

Bitcoin Mining Hardware Comparison

When looking for the best bitcoin mining hardware, you should look at two factors: (1) price per hash and (2) electrical efficiency.

In the next section, we will review the top bitcoin mining hardware in the market today. So, check it out.

#1 Dragonmint 16T Review

Features

• Hash rate:16 TH/s
• Power consumption: 1600 W
• Efficiency: 0.075J/GH
• Price: $2,700
• Weight: 19 pounds

Halong Mining’s ASIC miner is one of the most impressive rigs today. This machine was made available for pre-order in November 2018 and was scheduled for shipment in March 2018.

So, yes, this is very new in the market and you can expect it to be better than those which are in the market for over a year already.

DragonMint 16T also known as DragonMint T 16 or DragonMint T16is a great cryptocurrency mining hardware. It is efficient in terms of power consumption and overall effectiveness.

This bitcoin mining hardware uses SHA – 256 algorithm with a hash rate of 16 terra hash per second and power consumption of 1,480 W. It uses DM8575 GHS chip that consumes around 0.075 J/GHS of power. It has a dual fan and an Ethernet connection, too.

Halong Mining designed this bitcoin mining hardware with the users in mind. It is user-friendly which makes it convenient for new miners to use. Its manual is also comprehensible and easy to follow.

DragonMint T16 is only one of the few miners that can still give you positive ROI. In fact, this is way better compared to S9 in terms of efficiency, power consumption, and yes, profitability. That is why this bitcoin machine tops the chart.

Check Price at Amazon

#2 Bitmain AntMiner S9 Review

Features

• Hash rate:14 TH/s
• Power consumption: 1350 W
• Efficiency: 0.098J/GH
• Price: $624
• Weight: 10.14 pounds

Bitmain AntMiner S9 is one of the most popular ASIC bitcoin mining hardware today.

One of the most challenging parts of bitcoin mining is the continuous increase of bitcoin difficulty. It has gone through several monthly increases especially from late November 2015.

As the difficulty increases, the block reward decreases due to Bitcoin halving which tends to happen every four years. The arrival of S9 bitcoin mining hardware is a game changer to hobbyists as it somehow restores the lost profitability.

With bitcoin mining becoming more challenging and less profitable, you have to invest in an efficient mining hardware to get money from what you do. Although many say that BTC mining is no longer profitable, I still believe that there’s money in this if you have the right resources and S9 is among the best mining hardware in the market today.

Check Price at Amazon

#3 Avalon 6 Review

Features

• Hash rate: 7.3 TH/s
• Power consumption: 1150 W
• Efficiency: 0.16 J/GH
• Price: $900
• Weight: 10.58 pounds

Avalon 6 is among the most popular names in the bitcoin mining hardware market. This is cheaper compared to S7 when it was released and is lesser efficient. However, what it lacks, it makes up in another area. Avalon offers enough customization options.

Also, this is easy to set up. It uses Raspberry i (B/B+) or a TP-Link TL-WR703N as a controller which can maintain up to 50 miners. This also uses DHCP that automatically finds an IP address, making for an easy installation.

There is a mixed reaction to Avalon 6’s performance especially in terms of the noise it produces. Others find this quieter compared to other bitcoin mining hardware. For them, it’s quiet enough to be inside your home but not in your bedroom. However, other users find this very noisy.

Avalon 6 is considered as a serious rival to AntMiner S7. However, many find this more impressive even if S7 is more efficient.

In fact, using the bitcoin mining profit calculator, the results in the minus column aren’t too bad. A lower electricity cost or a higher Bitcoin price could easily nudge you into profit using this hardware.

Check Price at Amazon

#4 Bitmain AntMiner S7 Review

Features:

• Hash rate: 4.73 TH/s
• Power consumption: 1300 W
• Efficiency: 0.098 J/GH
• Price: $200
• Weight: 7.5 pounds

S7 is one of the most popular Antminer bitcoin mining hardware. A number prefer this because it is reasonably priced, efficient and powerful. In addition, it is very easy to set up.

S7 was released in 2015 and a number testified that it mines like crazy. They were happy with it because it brought them profits.

In 2016, some users experienced an average of 4.7-4.9TH/s hashrate and enjoyed 0.02377 BTC per 24 hrs. Very impressive, isn’t it?

S7 was nearly priced $2000 shortly after release, but its price has gone down to $200 at the time of this writing. In fact, used S7 bitcoin miner is available on eBay under $100.

While it’s great that its price has significantly dropped, according to many, Antminer S7 is no longer profitable. Bitcoin’s difficulty has increased monthly and the block reward has continued to halve every four years, which makes bitcoin mining more challenging.

At the time, S7 is not the best choice for those who want to earn tons of money from bitcoin mining in 2018. While it’s true that this is very efficient and effective when it arrived in the market three years ago, that is no longer applicable today.

Check Price at Amazon

#5 AvalonMiner 741 Review

Features

• Hash rate:7.3 TH/s
• Power consumption: 1150 W
• Efficiency: 0.16 J/GH
• Price: $900
• Weight: 10.58 pounds

AvalonMiner 741 is a solid and refined bitcoin mining hardware. It is made with a Reliable Open Quality with Airforming Cooling Technology.

Avalon miners tend to be cost-effective. AvalonMner 741 can generate around 0.00308 BTC per day (about $7.31 with the current price of bitcoin to $4360) in those places of the world where the electricity cost tends to zero. However, this is if electricity doesn’t represent a significant cost.

One of the best things in getting AvalonMiner 741 is the ease of setup and usage. This device is easy to operate and more convenient to use.

To get this mining hardware started, you simply have to download the firmware of the device. After that, you just have to plug in the controller and connect the cables to the Avalon 741 rig.

This mining hardware has a simple interface that makes it easy to operate and convenient to navigate even for beginners. Canaan offers you a user-friendly interface with all the feature necessary.

It also includes a set of LED lights that indicate the device’s status whether it’s at Rest, working properly, overheating or failing. The set of lights also includes the status of the miner’s connection to the controller

This is also equipped with an Airform Cooling Technology to keep it cool during its operation. Avalon 741 comes with a powerful and punch-packed set of 88 chips, which only makes sense as this machine demands more cooling power.

Unfortunately, this is no longer profitable today. The profitability using Canaan AvalonMiner 741 has already dropped significantly. At the time of this writing, its profitability is -1.82. You will not earn anything from using this miner.

Check Price at Amazon

#6 AntMiner V9 Review

Features

• Bitcoin Mining Hash Rate: 4.0TH/s ±5%
• Extremely Reliable – Designed for 24/7 Constant Use
• Power Consumption: 1027W ±10% (Bitmain power supply sold separately)
• Built-In Web Management Portal – No separate Host Computer or Software Required
• Power Supply Sold Separately – AntMiner APW3++ or APW7 Power Supply Recommended

AntMiner V9 stands out when it comes to finding a bitcoin miner for home use. This machine is very quiet which makes it perfect for those who want to mine at home.

V9 is as efficient as S9 because it uses Bitmain’s BM1387 chip that is built using TSMC’s 16nm FinFET technology.

The machine is paired with a unique cooling system that makes it much less noisy. Unlike most of the bitcoin miners, this is inspired by silent air conditioning units and doesn’t use the normal noisy fans computer servers usually have.

When this was released, the bitcoin difficulty level was fair enough that you can break even in more or less 12 months. Unfortunately, just like most of the bitcoin miners in the list, this is no longer profitable.

Check Price at Amazon

#7 Bitmain AntMiner S5 Review

Features:

• Hash rate: 1 GH/s
• Power consumption: 590 W
• Efficiency: 0.51 J/GH
• Price: Second Hand
• Weight: 7.5 pounds

Bitmain AntMiner S5 was released in late 2014. It’s one of the fastest and most efficient ASIC miners way back. However, this has long been surpassed by Bitmain’s newer models. For those who are a hobbyist miner who is on a budget with no interest in profitability, this is a good start.

AntMiner S5 is one of the best mining devices when it was still new in the market. However, this has become outdated as newer models are released.

Its real power consumption will differ depending on the efficiency of your PSU and the ambient temperature. You can increase its frequency (overclocking) to upgrade its hashrate. However, doing so also increase its power and cooling requirements.

The good thing is that there are ways to manage the overclocking burdens. It needs serious effort but 400 GH/s gains are achievable.

Unfortunately, this has become outdated and is not as profitable as how it was before. In addition, it produces noise during the operation. You may have to replace its fan for a quieter kind. Another option is to add a secondary fan to the back-end where screw holes exist.

S5 is no longer in production, but there are still second-hand models in excellent condition that you can purchase. I don’t recommend this for those who want to mine for profits. But, if you want to learn the ropes of Bitcoin mining this machine will be a good start because it is low-cost and it does the job.

This can help you experiment with hardware, firmware, and software. It’s also a good and inexpensive platform to test harmful operation like over/under-clocking and immersion cooling at roughly one-tenth the price of the cutting-edge S9.

Check Price at Amazon

Conclusion

The list above includes the best bitcoin mining hardware in the market. However, you have to be careful when it comes to buying rigs because most are no longer profitable. The good thing is that some still work.

Unfortunately, bitcoin mining is not that profitable anymore due to a continuous increase in bitcoin difficulty and drop of block reward. So, in time, the bitcoin mining hardware above will eventually be outdated and it may not take long because in general, bitcoin mining is no longer profitable.

If you wish to learn more about bitcoin mining and cryptocurrencies, feel free to visit our homepage.

References

• bitcoinmining.com/bitcoin-mining-hardware/
• buybitcoinworldwide.com/mining/hardware/
• pcgamer.com/bitcoin-mining-hardware-pc-build-guide/
• buybitcoinworldwide.com/mining/hardware/dragonmint-16t/
• news.bitcoin.com/the-results-are-in-dragonmint-t1-doesnt-make-the-s9-obsolete/
• bitcoinexchangeguide.com/top-14-cryptocurrency-mining-hardware-kit-setups-for-bitcoin-miners/

A number of people are confused if Bitcoin mining is still worth it considering its demand for power and speed, the high competition and increasing difficulty. This article will make you see the Bitcoin mining profitability today.

Is Bitcoin mining profitable? Should I do it too?

I often hear these questions from a number of cryptocurrency enthusiasts. Bitcoin mining is one of the most popular ways to earn free Bitcoins, so it’s understandable why many are interested in it.

According to many, Bitcoin mining is no longer profitable! But I tell you, this it is still rewarding, it just depends on your machinery.

Bitcoin mining is an expensive way to earn free Bitcoins. Mining requires a powerful Bitcoin mining rig and a strong and reliable power supply. You have to invest in a mighty equipment to making mining rewarding.

ASIC Mining

ASIC stands for Application-Specific Integrated Circuit. This means that the chip inside those miners are specifically for mining and can’t do any other tasks unlike GPU and CPU.

ASIC chips and miners can only mine specific algorithm.

Here’s an overview of your expenses and Bitcoin mining profitability with different ASIC miners.

The miners have to run 24/7 so, it’s best that you consider the miner’s power consumption. In this example, the kilowatt per hour (kWh) is priced at $0.10 because this is the averaged price out there. Just determine how much the kWh is in your area and update the calculation. If you pay lesser then the amount stated above will be reduced.

Please take note that the internet and space expenses are not calculated. Some have free space, but others have to rent. If you do, then just add those expenses in the amount shown below.

Considering the power consumption and monthly expenses this is your potential income.

GPU Mining

Aside from using ASIC and CPU, you can use graphic cards (GPU). Yes, if you have a gaming computer with a good dedicated graphics card you can use it to mine Bitcoin.

This year, Radeon and Nvidia release cards that can mine Bitcoins at comparable rates.

A Nvidia GTX 1070 may cost you from $699 to $850. If you use this for gaming for 4 hours, you can allot it to mining for the remaining 20 hours. According to Jason Evangelho of Forbes, after several months the hours spend on Bitcoin mining will transform into pure profit.

Given that you only mine for 20 hours, that 83% of the day. Most likely, you will get $1.18 per day. You will approximately get $430 per year. In 19 months, you’d have your GPU 1070 fully paid off.

“I’m currently mining with a GTX 1060 and GTX 1070, and I can vouch for these estimated profits. In fact, if you overclock your cards they will be slightly higher,” he wrote.

So, is Bitcoin mining worth it? Of course, it is!

Bitcoin Mining Set-Up Examples

Here are the different cases where you can earn great profit. However, please take note that others really spend on their machineries to get these impressive rewards. Check it out below and see for yourself how you can profit from Bitcoin mining.

GTX 1080 Ti

For the six GTX 1080 Ti, each has 11 Gb of RAM. But they consume so much power, about 300 watts each. It could have a total of 1900 watts of total power consumption.

For this setup, it uses 1000 watt EVGA power SuperNova to provide enough power to the video cards. Aside from those, it uses 8 GB of DDR4, Intel Celeron G3900 Skylake Dual-Core 2.8 GHz LGA 1151 and a 120 GB SSD to run everything quickly.

It also uses 6 razors to connect each video card to the PCI Express ports and invest on a new motherboard that can run all of those at the same time. It also got a mining rig case to hold everything.

After setting up the Bitcoin mining rig and installing a Bitcoin mining software, find a good hash and it can immediately earn $42, which is already a lot of money. If this amount is multiplied by 30, the monthly earnings from Bitcoin mining would be $1,260. If this continues, the annual profit from Bitcoin mining would be $15,120.

Check Price at Amazon

Antminer S9 Bitcoin Miner

Here’s another example using Antminer S9 Bitcoin miner. This miner does 14 Terra hashes a second and uses 1350 watts.

If you plug 14 Terra hashes on the mining profit calculator and considering the power consumption, you will probably use $3.90 power every day if you are paying $0.12 kilowatt per hour. In a year, you will pay around $1,423 for power consumption just to run Antminer S9.

According to JMS, you will earn $8,602 of pure profit in a year with this Bitcoin miner. The Bitcoin difficulty continues to rise, so in time you will get less and less of Bitcoin.

But the one thing that can balance the difficulty and how much Bitcoin you mined is – if the price of the Bitcoin continues to increase.

Check Price at Amazon

Conclusion

Aside from investing in the best machines, you have to expect for an increase in your electric bill as those equipment will consume power and would run 24/7. A number said that Bitcoin is no longer profitable, but if you have the right gear, you will still find bitcoin mining profitable. In fact, a number still do this because they earn from it.

If you want to learn more about Bitcoin and cryptocurrencies, feel free to check our homepage.

A number of people were disappointed when they missed the bitcoin mining wagon before it boomed in 2013. At the time, many believe that bitcoin mining is no longer profitable because it requires electricity and is hardware intensive. To make the matter worse, the difficulty level of finding blocks has been increasing while the reward is decreasing.

Despite this, a number are still interested in BTC mining. For this reason, cloud mining came to life. So, what is cloud mining?

What is Bitcoin Cloud Mining?

Cloud Mining is the process of bitcoin mining using a remote data center with shared processing power. This enables the user to mine bitcoin without managing their own hardware.

BTC cloud mining allows you to invest in bitcoin mining without the hassle of managing your own hardware.

In short, BTC cloud mining allows you to mine but without investing in a hardware and having to pay huge electric bills. It removes the hassle of managing your own hardware.

There are a number of advantages why cloud mining is attractive to those who want to mine bitcoins. But there are also disadvantages, check out the next section.

Free Bitcoin Cloud Mining

If you are interested bitcoin cloud mining, there are sites that offer this. I’ll cover some bitcoin cloud mining free sites in this section.

1. Multimining Review

This is designed to be an online system that is used to allow any cryptocurrency enthusiast to buy hash power and begin reaping the benefits of bitcoin and altcoin mining. Once you purchase one of the offered mining contracts, you will be entitled to immediately begin free cloud mining for your choice of coins.

Multimining is an industry leading coin mining pool. All of its mining power is backed up by physical miners. This site is designed to earn money from mining without having to do any of the hard stuff.

By using Multimining and its data center around the world, you can mine without consuming too much energy or having to endure the noise of fans in your home. The good thing about this company is that it is legit, but it is still new in the market.

Multimining is a cryptocurrency investment company that is established in 2018. It is based in London and the team includes a group of professionals that are widely versed in cryptocurrency techniques. They are pro in bitcoin mining, blockchain technology, cryptocurrency finance and security. So, you can bank on them when you have any concern about cryptocurrency mining.

Thanks to this, investing in Multimining is completely risk-free.

If you are still doubtful, you can check some of the reviews SiteJabber and TrustPilot.

2. Bitz Free Bitcoin Cloud Mining Review

I understand that some are doubtful about the site’s legitimacy, but this is definitely not a scam. The site shares profits from mining, trading and advertisement incomes to its users. They have been paying their users. So, they are not a scam.

However, they have a different approach. The site uses hacking as an innovative part of the site. So, unlike other cloud mining companies, you can steal GHs from other users. But, you can also be hacked. So, be careful. Every successful hack attempt can decrease your hacking protection. So, you can choose not to hack to defend yourself.

Bitz offers you an original online strategy game which is an actual cloud mining simulation. When using the site, you can choose your best mining strategy, hack other users and overclock your cloud.

If you visit the site, you don’t need to invest because the people behind Bitz Free doesn’t believe that you have to shed money to earn bitcoin. Once you register, you can get 20 GHs for free.

That’s not all, you can also collect bonus to increase your Mining Rate up to 10% or convert them to GHS. The site believes in intelligent mining. You can choose the best mining strategy to maximize your income.

3. Coinmining Review

The site offers you to mine bitcoins “on easy way – cloud way.” They also offer you free 2,500 GH as a bitcoin cloud mining free trial.

This is one of the cloud mining sites that has the most advanced bitcoin miners on the market with great efficiency that lower power cost and maintenance fees. Due to this, you can expect large profits.

Here are some of its features:

Large profit. Low price per GHS and no extra costs like electricity and maintenance so it will give you fast and high profit.

Easy to use. The site has a user-friendly interface. With just a few clicks, your order is ready and you can start bitcoin mining immediately.

Lowest prices. Coinmining guarantees the lowest prices amongst its legitimate competitors.

Fast support. The site has active customer support to ensure that their users’ concerns will be addressed immediately. They respond within an hour and they guarantee that their turn around time would never be longer than 12 hours.

Best Bitcoin Cloud Mining

In the next section, I’ll be sharing with you the best cloud mining 2018 on the market. But, mind you, you should always be careful as a number of sites are bogus. Only do transactions on trusted cloud mining sites.

A number of websites claim to be legit bitcoin cloud mining. However, not all of them are trustworthy. In fact, a number is a scam. So, you have to choose well when you want to join cloud mining. Here are some trustworthy sites to do business with.

So, here’s a list of the legit and top bitcoin mining sites.

1. Genesis Mining Review

This is one of the biggest cloud mining in the market.

It’s very simple to use. You just have to set up an account and start mining your first coins using its cloud mining service.

Genesis Mining gets your mining rigs set up and running. So, you don’t have to get through the hassle and inconvenience of assembling hot and noisy miners.

Genesis Mining offers you periodic mining outs to your designated walled. So, you should not delay and start mining today.

Plans and Pricing

Genesis Mining offers you different plans to avail their service. Which are as follows:

• Radiant Gold Starter (1 TH/s): $285.00
• Radiant Platinum Best Buy (5 TH/s): $1,400.00
• Radiant Diamond Professional (25 TH/s): $6,875.00
• Radiant Custom Plan: $0.00 (not determined)

The pricing above includes the minimum fee which amounts to USD 0.14 per TH/s per day. The amount is fixed and is deducted from the daily mining rewards in BTC. All of the plans have a contract of 5 years.

Costs of contract with Genesis Mining:

• No shipping cost
• No custom costs
• One-time of purchasing the contract
• Best electricity rates possible.
• You can start mining immediately
• Guaranteed 100% uptime and cover system downtimes by using own miners
• No additional equipment costs
• No electricity consumption
• No cost of cooling
• Hardware is at a remote location you are exempt from excessive heat
• Hardware is at a remote location, you don’t have to deal with loud noise.

2. HashFlare Review

HashFalre is one of few legit cloud mining services that you can trust on. This is an independent company created by the specialist from HashCoins in 2015. In a short time, it has become of the largest providers of computation power for mining cryptocurrencies like bitcoin, litecoin and ethereum.

The company brings mining accessible to both cryptoenthusiasts and common users. The team of engineers, developers and other specialists work together to provide services to over 2, 500,000 users.

Features

• Instant Connect – You can mine immediate and get your first payout within 24 hours.
• Instant withdrawal – You can choose the amount to withdraw and receive it instantly.
• Detailed Statistics – You can view all mining-related information in real-time at any point from any location.
• Pool Allocation – You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination.
• Fixed Fees – No hidden fees or commissions. Every single transaction is visible to you.

3. Mining Rig Rentals Review

This site is designed to create a faster, smarter and more powerful way to rent or lease cryptocurrency mining rigs. This cloud mining service offers you the opportunity to figure out how mining works, so you can get a feel of it.

But, don’t expect a simple interface. The whole site is not easy to navigate especially for beginners as unlike HashFlare and Genesis Mining, they don’t offer a straightforward plan.

There’s a steep learning curve for beginners to understand bitcoin mining. That’s why using BTC cloud mining makes the experience more convenient as you are not required to learn the details about the rigs and all the other hard stuff.

But when you visit Mining Rig Rentals, you will choose your own rig which is not at all helpful for cryptocurrency beginners who have no idea what the good rigs are. But for those who are knowledgeable enough, you will like it because it includes a lot of filters to choose the perfect rig.

Is Cloud Mining Profitable?

There is a mixed reaction whether bitcoin cloud mining is profitable or not. A number claimed that this is no longer profitable.

Coincentral has the same opinion. In fact, according to it, hardware mining might be more profitable than cloud mining.

On the other hand, based on the information from Reddit forums, reviews and cloud mining calculator, cloud mining isn’t that popular or profitable. As of May 30, 2018, HashFlare Scrypt and SHA-256 take 3,828 and 3,983 days (or a little over 10 years) to reach ROI on BTC.

On the other hand, some believe in the power of cloud mining. According to them, this is a reliable way to get cryptocurrency if you are not the expert in this field. A number agree that, it’s only profitable if you know what coins to mine. Otherwise, you are taking a risk.

But here’s a review from one user who said that cloud mining is still profitable:

Conclusion

We hope that the list above will help you find the best cloud mining if you are looking for one. If you are really interested to try BTC cloud mining, just make sure to invest in the trusted sites like – Genesis, HashFlare and Mining Rig Rentals.

If you wish to know more about cryptocurrencies, bitcoin faucets and more, feel free to visit our homepage.

References

• coindesk.com/information/cloud-mining-bitcoin-guide/
• multimining.website/
• en.wikipedia.org/wiki/Cloud_mining
• dpclassic.org/cloud-mining-advantages-disadvantages-services/
• medium.com/@yeong.crypto/cloud-mining-a-scam-or-not-eadccaa301bc
• dpclassic.org/cloud-mining-advantages-disadvantages-services/
• quora.com/Which-bitcoin-mining-is-legit-in-2017

Buying Bitcoins can be done online or you can meet a person who sells it and proceed with the transaction face to face. However, doing it online is more convenient and easy.

Do you want to join the Bitcoin bandwagon? Are you wondering how to get started and where to buy Bitcoins online? If you do, then I can probably help you.

I have seen how cryptocurrency continues to grow and I have profited from it too. I must say, Bitcoins are overwhelming and yes, it’s real money. So, if you want to purchase Bitcoins, I’ll give you a list of where to get it. So, let’s get started!

Where to Buy BTC Cash

If you are considering in joining cryptocurrency and is planning to buy a Bitcoin, then you are just on the right page. Here is the list of the best websites where you can conveniently buy Bitcoins online.

#1 LocalBitcoins.com

People from different countries can visit this site to exchange their local currency for Bitcoins. It also allows users to buy and sell Bitcoins. You can buy Bitcoins from the site with cash or trade it directly with online banking.

The trade process duration from creating a user account to having Bitcoins in your wallet can only take a few minutes. LocalBitcoins.com supports a wide range of world payment methods including other digital currencies, credit cards, debit cards and cash.

#2 BitQuick.co

BitQuick offers a premier service for those who want to buy Bitcoins conveniently. The process is easy and fast. In less than 3 hours, you will see your purchased Bitcoins in your wallet.

With BitQuick, you can buy Bitcoins instantly with cash deposit into a bank. They charge 2% service fee and a 0.000109675864 BTC mining fee.

The site also offers you to sell your Bitcoins conveniently and securely at your own price for cash deposited into your bank account for 0% fee making it safer than LocalBitcoins!

#3 WallofCoins.com

This website is the most trusted marketplace on Earth. It simplifies the buying and selling Bitcoin. Wall of Coins is a perfect outlet for Bitcoin traders.

This is the only marketplace that delivers your purchased Bitcoins within 15 minutes. They make the process easier for you by not requiring registration so you can get your coins instantly.

Wall of Coins stores the coins offline, so you need not worry about its safety. Your coins are stored in a discreet, secure facility with strict internal policies for safekeeping.

#4 LibertyX.com

LibertyX is another site where you can buy Bitcoins instantly. But unlike the others, it brings you thousands of local stores that sell Bitcoins, making it the largest nationwide network for buying Bitcoins.

LibertyX also makes purchasing Bitcoins even more easy and convenient for you. With three easy steps, you can complete the process.

First, use their mobile app or website to find a store near you. Second, purchase up to $1,000 Bitcoin per day. Third, you can instantly redeem it to your address.

However, the site charges a convenience fee that is deducted from your cash payment. This may vary by store. They also deduct miner fees from the Bitcoins sent. Aside from these two, there are no sales tax or additional fees.

#5 Buycoinnow.com

This site offers you a simple and transparent way to buy Bitcoins online with a bank account. You just have to choose the amount of BTC that you would like to purchase, click the “Buy Bitcoins now” and proceed with the purchase. You will receive your Bitcoins as soon as the transaction is processed and finished.

BuyCoinNow charges commission for each transaction and this is included in the payment amount. You will not pay any other fees aside from this. The site releases Bitcoins at fixed hours, so you may need to consider their schedule which is as follows: 9:10 AM, 12:10 AM, 4:10 PM and 10:10 PM Central European Time.

In addition to this, depending on the value of the transaction, they may require more accurate manual verification which may take up to 24 hours.

Now that you already know where to get your Bitcoins, it’s time to learn how to buy Bitcoin on BTC markets.

How to Buy Bitcoins Online

You can buy Bitcoins online or meet the person. Of course, the former is more convenient, but the latter is safer. Doing face to face transactions is more reliable than dealing with people you do not know.

The good thing is, there are a lot of trusted websites that are more than willing to help you purchase Bitcoins safely online and the websites we mentioned above are the best in securing your Bitcoin purchase.

Here are the different ways to purchase Bitcoins online.

How to Buy Bitcoins with Cash

If you want to purchase Bitcoins online, especially if you want to use cash, you can do so through Bitcoin Exchange. Bitcoin exchange is a digital marketplace where traders buy and sell Bitcoins using different fiat currencies or altcoins.

If you want to go this route, you have two options. Check it out below.

OPTION 1: Payment through your bank account.

#1 Choose Exchange

You will have to choose an exchange based on your country of residence and fill in the desired purchase currency from their list of approved exchanges.

#2 Setup Account

Set up an account on the exchange. Depending on the exchange, you may need to provide various forms of identification.

#3 Connect Bank

Next, you have to connect one or more bank accounts to your exchange account. Any buy or sell you make will be deducted from or deposited to the chosen bank account.

#4 Select Amount to Purchase

Once your account is ready, you can start navigating the “Buy” feature and select the amount of BTC you want to purchase. Next, enter your Bitcoin address, confirm the purchase and wait for the Bitcoin to reflect on your wallet.

OPTION 2: Buy Bitcoin with cash deposit

For those who cannot follow #3 because you don’t have a bank account to connect to your exchange account, don’t worry because there’s another way to pay your Bitcoin. There are sellers who are willing to give their bank accounts where you can make a deposit. Here’s a special instruction for you.

1. Find a seller in your area who accepts cash.
2. Select the amount of coins and place an order
3. Contact the seller and ask for his account number. Traders do not publish the payment directly, so you have to contact them to get the account name and account number needed for the payment.
4. Deposit the payment to the seller’s account number.
5. Upload the receipt to prove that you already made the payment.
6. Receive the Bitcoins in your wallet.

Purchasing Bitcoins via cash can be private, fast and easy.

Buy Bitcoins with Credit Card

A number of websites offer you a number of options to purchase electronic currencies. In fact, you can buy Bitcoins instantly with credit card. For instance, Bitcoin.com has partnered with Simplex to make buying Bitcoin Core with credit card easier. For this, you can follow the following steps once you’re on the site.

#1 Enter your Bitcoin address and select the desired purchase amount.

Once you’re already in the site, open your Bitcoin Wallet and copy your Bitcoin address into the “Bitcoin address” field. The Bitcoin you purchase will be sent to that address.

#2 Fill in the Billing Info

After providing the information mentioned above, click the button to continue. You will then be directed to Simplex’ checkout form. Just follow the information and input the necessary data that are related to your credit card.

After filling this, the Bitcoins you purchase will be sent to your Bitcoin Wallet address. Give it 10 minutes to an hour to see the new Bitcoins on your wallet.

Buying Bitcoins online via credit card is easy and fast. Most of the channel including Simplex is safe.

Buy Bitcoin with Credit Card No Verification

I understand that there are users who want to purchase Bitcoins using their credit card without verification. If you want to do the same, your best option is CoinMama.

The site allows you to buy Bitcoins with credit card instantly no verification for your first $150 worth of Bitcoin purchases. To do this, you can follow the following steps:

• Open an account on CoinMama.
• Login to your Account.
• Click “Buy Bitcoins” in the navigation bar at the top.
• Select credit/debit card as payment method
• Enter your bitcoin wallet address.
• Enter your billing information and address
• Enter your credit or debit card information.
• Verify your phone number and email.
• Upload ID Verification. For this, you need to take a selfie while holding your credit card towards the camera while showing your name, its expiration date and the first four and last four numbers on the card. However, most people don’t need to upload a selfie. So, you can skip this if CoinMama does not require it.
• Wait for verification.
• Confirmation email. If your credit card payment went through, you will receive an email confirmation.

How to buy Bitcoins with PayPal

PayPal is a popular worldwide payment system. If your funds are in your PayPal account, no worries because you can also use it to buy Bitcoins online.

VirWox is among the sites that allow you to buy Bitcoin through PayPal. If you want to convert PayPal to Bitcoin then here are the steps that you need to follow once you’re already in VirWox.

1. Register a free account on Virwox.com.
2. Add funds to your Virwox account using your PayPal account.
3. Buy SLL on the SLL/USD exchange.
4. But Bitcoins with your newly purchased SLL on the SLL/BTC exchange.
5. Withdraw your Bitcoins.

How to Buy Bitcoins Anonymously?

If you want to buy Bitcoins anonymously, the easiest way to do it is to buy Bitcoin with a cash deposit. For this, you can contact a seller and deposit the payment through ATM. You can search for “Bitcoin atm near me” to find one near your place. If there is no ATM near you, you can also do the deposit by visiting a bank.

For those who are wondering how to buy Bitcoins anonymously with credit card, your only option is to use a “prepaid” credit card. You can get this at any supermarket or convenience store. You can use this card to buy Bitcoins without the need to supply any form of identification at places like Coinmama or Virwox.

Conclusion

If you are planning to buy Bitcoins you won’t have a hard time because the BTC websites mentioned above accept different mode of payment. You can buy this cryptocurrency using cash, credit cards or PayPal.

If you want to learn more about Bitcoins, feel free to check our home page.

References:

• weusecoins.com/en/how-buy-Bitcoins-online-best-Bitcoin-exchange-rate-Bitcoin-price/
• bitpremier.com/buy-Bitcoins
• coindesk.com/information/how-can-i-buy-Bitcoins
• jouple.com/where-to-buy-Bitcoin
• Bitcoin.com/guides/how-to-buy-Bitcoin-online

Bitcoin is the most popular digital cryptocurrency. This currency is accepted in some businesses, has minimal transaction fees and not taxed. That is why many want to earn this.

Do you want to earn free Bitcoins instantly? Are you willing to do minimal tasks to earn this digital currency? If you do, then you are just on the right page.

There are a number of ways to earn free Bitcoins and you are about to learn it today. I’ll share a list of helpful websites and give you an overview of what it requires from you to gain Bitcoins. So, let’s get started!

1. Accept Bitcoins as Means of Payment

The easiest way to earn free Bitcoins is by accepting it as a means of payment. If you have a small business or you are selling goods and services, you can integrate this quickly and easily by completing the following steps.

• • Get a free online Bitcoin wallet. You can get this from Coinbase or other providers. Find out what works best for you. Be sure to keep your Bitcoins safe in at least 2 or 3 different places.
  • Display a QR-code with your Bitcoin address next to your cash register. There are two options to do this.
  • When you have your wallet, go to a section that says “Receive Money” or “Add Funds” or something similar. There will usually be a QR-code with Bitcoin address encoded to it. Print out the image and place it next to your cash register.
  • Some wallets offer “Receive Money” functionality. When you earn Bitcoins by accepting them as a payment method on a more regular basis it comes handy if you use the “Create Payment Request.” Here you will enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code automatically.
  • Display the “Bitcoin accepted here” logo in your shop to show your customers that you have integrated this innovative payment. You can find a printable version of this logo plus a free guide here.

2. Earn Free Bitcoins from interest payment

You can earn free Bitcoins through interest payments by lending them out. Here are the different ways to lend your Bitcoins.

Lend directly to someone you know. If you know someone whom you regard as trustworthy, you can agree on the terms like duration and interest rate.

Peer to peer Bitcoin lending. There are websites from various borrowers that offer this including Bitbond. In this approach, borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many and diversify default risks.

Before you lend Bitcoins, you should make sure that the site and the borrowers are trustworthy. When the site assesses the applicants’ creditworthiness, the borrower becomes more credible.

Bitcoin banking. This strategy operates like a bank. You will deposit your Bitcoin in a Bitcoin bank and receive a fixed interest rate.

Unlike the peer-to-peer lending where you diversify your lending activity over many borrowers, in this model, you only lend to one borrower – the bank. The bank invests your Bitcoins in assets. The difference is that there is no deposit insurance in the Bitcoin world.

3. Earn Bitcoins from Mining

Bitcoin mining is another process to generate Bitcoins. When you perform this, your computer adds new Bitcoin transactions to the block chain. When your computer discovers a new block, you will receive a certain number of free Bitcoins.

Bitcoin mining is hardware intense and expensive. So, miners join a mining pool. With this, some provide computing power to the pool and earn Bitcoins from mining without building their own big mining frame. If you are interested in a mining pool, check out Bitminter.

Here’s a list of the biggest Bitcoin mining pool:

• • • Slush. This is the most popular mining pool today. It’s among the first mining pools and currently mines 3% of all blocks.
    • Antpool. This mining pool is based in China and is owned by BitMain. It mines 25% of all blocks.
    • Bitclub Network. This is a large mining pool that is easy to use. This is a great site to start mining.
    • BTCC. This is one of the largest Bitcoin mining pools in China. It currently mines about 7% of all blocks.
    • Bitfury. This is the leading full-service blockchain technology company. It currently mines about 2% of all blocks.

4. Earn Bitcoins from Tips

Receiving Bitcoins as tips is similar to earning Bitcoins as a means of payment. You need can receive a tip in various ways as follows:

• • • Having a shop is the easiest way to gain tips. Just check the QR-code to see what came in on that day.
    • If you don’t have a shop, you can still earn tips via blog or any other website. Just place the QR-code or Bitcoin address on your page.
    • You can also join sites like BitforTip. The page is designed to give Bitcoin tips as incentives when you answer forums.
    • If you offer services and want to receive Bitcoin tips, you can do so. BCTIP allows customers to generate Bitcoin tips for you. It a new approach compared to the old-fashioned cash tip. If the tips are not claimed within a month, it will be transferred back to your wallet. Another great thing about this is that it can be created

5. Earn Free Bitcoin from Trading

Another way to earn free Bitcoins is by trading. There are two ways to earn money from this via arbitrate and speculation.

Arbitrage. This is the safest way to earn from trading. This is the simultaneous buying and selling of assets to take advantage of differing prices. You can buy a Bitcoin and immediately sell it for a higher price.

Speculation. This approach is risky. You would buy Bitcoins and wait until the price increases to sell it for a fiat currency. When the price drops, you will buy more. And repeat the process. You either need to be lucky or capable of predicting the future to make this work to your advantage.

There are people who are good traders and who can recognize patterns from price charts.

Here’s a number of sites that are best for Bitcoin trading.

• • • Coinbase. This is one of the most trusted platforms for trading cryptocurrency. It offers you the ability to trade a variety of digital assets on a secure, insurance backed platform.
    • Bittrex. This site is designed for customers who want a lightning-fast trade execution, reliable digital wallets, and industry-leading security practices.
    • Poloniex. This site includes advanced trading tools for trading, exchange and lending. It has cold storage and 24/7 monitoring to keep your money protected.
    • Cryptopia. This supports literally hundreds of virtual cryptocurrencies with a low trading fee. It focuses on user experience with integration of additional services including marketplace and wallet.
    • Gemini Exchange. This exchange is based in New York and is available in 48 US states and in other countries including Puerto Rico, Canada, UK, Singapore, South Korea and Hongkong. It has no deposit and withdrawal fees but charges 1% fee for trades to both the buyer and the seller.

6. Use Bitcoins as Regular Income

If you want a regular flow of Bitcoins, the steadiest way is to make it as your regular income. There are merchants who accept Bitcoins and chances are high that if you are working in any of those employers, they might be willing to pay you in Bitcoin, too.

You can also find online jobs and be self-employed and still get paid in Bitcoins. You can look for jobs here:

• • • Bitcointalk Forum Services Section. The site offers easy jobs that you can finish quickly, so it’s a good channel to earn free Bitcoins fast.
    • Jobs 4 Bitcoins. The job listing here includes UI designer, web developers, copywriters, programmers and more. If you are into any of those posts you will find this site helpful.
    • BitGigs. Just like the second site mentioned, you will find various jobs here that pays Bitcoins. The job posts include freelance writer, copywriter, graphic designer and more.
    • Coinality. The site does not only list jobs where you can earn Bitcoins, it also includes the location. This is handy for those interested to find a local job nearby.
    • XBTFreelancer. This is another great site for IT professionals looking for online jobs. Most posts are software related and may require programming skills.
    • The site understands that future of cryptocurrency, so they pay for your jobs in many currencies including Bitcoin. You can find remote jobs here from the USA, EU and UK.

7. Earn Free Bitcoins for Visiting Websites

Do you know that you can earn Bitcoins by visiting? Yes, you can, but you have to do something for them. You have to complete a task to earn the Bitcoins you desire.

Here’s the best sites to visit to earn free bitcoins.

• • • ads4btc. When you visit the site, you can earn free Bitcoins by watching websites or videos. You can click every advert once a day and view it between 5 and 60 seconds. The reward is small, but if you keep on working it can add up. This site can help you earn free Bitcoins fast.
    • Coinadder. Just like the first site, you can earn free Bitcoins here by watching videos. Unfortunately, the payout is smaller.
    • Vidybit. You can earn free Bitcoins from the site by watching videos online. You can download their Android app too and get 3x Bitcoin payments for every video you watch.
    • FreeDigitalMoney. The site offers you free Bitcoins when you try new app, fill out surveys, view advertisement or sign up for trial subscriptions. They offer better payouts compared to the other sites.
    • Coinworker. This site allows you to earn free Bitcoins through your web browser instantly. You can do so with only three steps. First, you have to register and enter your Bitcoin receive address. Second, start earning points by completing short analytical tasks. Third, once your account hits 200 points, the points will be converted to Bitcoin and are paid directly to your address, within the day.
    • Bitfortip. This site encourages you to be helpful and to earn Bitcoins in return. When you answer forums, you will earn free Bitcoins.
    • Earn Bitcoins Now. This is one of the free Bitcoin earning sites that offers you the opportunity to mine Bitcoin through its Offerwall. You can earn free Bitcoins by doing websites review, watching videos, reading articles or participating in funny Quiz’s. Other options to gain Bitcoin include filling out surveys and making purchases.
    • KickassTraffic. This site offers you free Bitcoins for visiting websites. You can instantly get your earnings through FaucetHUB.io. To get started, you just have to enter your Bitcoin address. All of the visitors are unique with valid Bitcoin wallets and have been CAPTCHA verified.

8. Earn Free Bitcoins Through Affiliate Programs

Joining Bitcoin affiliate programs is another great way to earn this digital currency. The services that run Bitcoin affiliate programs will pay you Bitcoins if you send them paying customers.

Here’s how it works.

• • • Sign up for the service’s affiliate program and give them your Bitcoin address, so they can pay you.
    • The service will give you a unique referral URL that points to their website.
    • Share the URL on your own website, Facebook, Twitter, Instagram or any forum.
    • If someone clicks on your referral link, you will earn a commission for their purchase and get paid in Bitcoins.

Here are some of the most profitable Bitcoin affiliate programs

Binance

This site is a popular Chinese crypto asset exchange. It has the most trade volume. Its commission per sale is up to 20%. When a customer spends $100, you can earn as much as $20. The payout is sent real-time to your Bitcoin address. Check Site Here

etoro

This is an innovative trading platform in which you can trade stocks, cryptocurrencies, ETFs, currencies and commodities. You can gain up to 25% of net revenues from the affiliate’s customer and 10% of tier 2 affiliates.

IPVanish

This is a VPN service that allows its users to anonymously connect to the internet and transfer their data securely even through compromised networks. It offers 100% commission on all new sales generated and up to 35% on all subscription renewals. Commissions can be earned in a lifetime while payout frequency is monthly with no minimum payout.

Ledger

Leger is a hardware wallet that allows you to safely store you Bitcoins offline. It has a variety of models available. You can earn up to 15% of the net sale amount for your commission and receive your payout monthly.

BitPanda

This site allows you to buy and sell Bitcoins with a credit card, Paypal account and more throughout Europe. You will receive 2.50 € bonus for every referral. There is no minimum earning for payout and you will receive it instantly.

Trezor

This is another hardware wallet that allows you to store your Bitcoins safely offline. You can gain up to 10% commission per sale. Minimum earnings for payout is 0.1BTC. You can receive the payout monthly.

Paxful

This peer to peer marketplace is among the best place for buying and selling Bitcoins. You can get 2% of the total purchase sent to your Paxful Bitcoin wallet. When a customer spends $100 you will get a $2 commission paid in Bitcoin.

Coinmama

This site allows you to purchase Bitcoins with a credit card. You can gain 15% commission on all of your referral purchases including all their future purchases. There is no minimum earnings required. Payout is released monthly.

Virwox

This site allows people to purchase Bitcoins via SLL, the currency used for the game second life. You will get 20% of all the commissions paid by your referrals. The minimum earnings depend on payment method used to withdraw. Payout is done monthly.

Bitstarz

This is an online casino platform that offers various came and accepts Bitcoin as payment method. In this way, you can earn free bit coins by just playing games. You can gain up to 40% commission per sale and around $25 to $40 when a customer spends $100. Its payout is every 5th of the month.

RunCPA

A large affiliate marketing network in cryptocurrency. They offer you lifetime commissions and instant payout. You can earn up to 50% revenue share from Advertiser with bonuses options.

LocalBitcoins

This is an online marketplace where you can trade Bitcoin for a fiat and cash directly with each other. One can earn 20% of the user’s trading fee on each trade. There is no minimum earnings for payout. Payout is released daily.

Coinbase

This site allows you to directly buy and sell Bitcoins. They also offer Bitcoin payment processing services for merchants. When a referral buys or sells at least $100 worth of BTC, Coinbase will pay both with $10 worth of BTC. Check Site Here

Conclusion

There are different ways to earn free Bitcoins. If you are new to cryptocurrency, you can try any of the recommended ways above to gain this digital currency without spending. This is a great start for those who are interested in joining the Bitcoin wagon.

If you know other ways to earn free Bitcoins, feel free to share it with us.

References:

• • earn-Bitcoins.com/#earn-Bitcoins-from-interest
  • 99Bitcoins.com/get-earn-Bitcoins-massive-list-of-Bitcoin-affiliate-programs/

Bitcoin mining is a very challenging way to earn a free Bitcoin. In addition, the process takes times and resources. Considering all these requirements, you will find in this article if Bitcoin mining is still profitable today.

Are you interested in Bitcoin mining? Do you wonder if it is still profitable today?

If you want to find answers to these questions, you are just on the right page. I understand that Bitcoin mining is a very interesting topic.

Of course, who doesn’t want to earn free Bitcoins, right? But this is not easy. It requires time, power supply, and other resources that you may need to buy or pay for.

For those who are interested or just start Bitcoin mining, I’ll provide you a detailed guide to help you decide if it is still profitable to invest in Bitcoin mining.

Bitcoin Mining Terms

Let’s get started by defining some of the necessary terms that you will surely hear when you are into this activity. After this, I’ll give you an overview of what Bitcoin mining is.

Block. A group of Bitcoin transactions from the mempool (list of all currently pending transactions) and recorded by a miner into the blockchain (growing list of blocks)

Proof of Work (PoW) Hashing. This is the cryptographic work that miners perform in order to find a solution that allows them to define a new block. PoW hashing ensure the proper function of the Bitcoin blockchain. Miners will then compete to save a cryptographic ‘puzzle” called hash.

Block Reward. This is the number of newly created Bitcoins awarded to the miner that creates a block. Initially, this was set to 50 but was reduced to 25 in late 2012. It reduced to 12.5 in mid-2016 and is expected to reduce to half again around mid-2020. Achieving the block rewards is the only legit way to create new Bitcoins.

Hash Rate. This is the measure of a miner’s computational power. The higher your relative power, the more solutions you can likely find. This rate is measured in hash per second.

Difficulty. Hashrate has been shooting up over the years and this could have helped miners to find blocks more rapidly. However, Bitcoin’s Difficulty prevents this from happening. It ensures that blocks are found roughly every 10 minutes. When the total hash rate increases, the Difficulty of POW adjusts upwards. Difficulty auto-adjusts every two weeks.

BTC/XBT exchange rate: This is the current fiat price of Bitcoin, which is critical for calculating profitability.

W/xHash/s. Watts per hash rate per second. Electricity is the major ongoing cost when you do bit mining. Thus, this greatly influences your profitability.

Mining Pool. There’s a reason the mining pool exists. If you do bit mining alone or do “solo mining” the odd of you solving a block by yourself is extremely low. But, if you work with other miners together, your combined odds are higher. Whenever you solve blocks, the miners in the pool will receive a reward according to the hash rate they contributed.

How Bitcoin Mining Works?

Now, it’s time to see how does Bitcoin mining work. Bitcoin mining is a process that involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle to receive a block reward. Over time, the block reward has reduced and the difficulty has increased making the entire ordeal of bit mining more challenging.

Mining Bitcoins takes time and resources. So, it’s not an easy thing to do in the first place. But, this is not the way it was when Bitcoin mining just started.

According to BuyBitcoinWorldwide, bit mining has grown from a handful of early enthusiasts into a cottage industry and into a specialized industrial-level venture. It used to be an easy money, but not this time.

Today, you need a high-powered machinery to make Bitcoin mining profitable. If you lack the resources, you will not only lose the potential earning, but might have to pay a huge sum of money for your electric bills.

Bitcoin mining is no longer profitable today. According to CNBC, in March , the miner’s profits have roughly halved compared to their earnings in December due to the surge of interest.

“Bitcoin currently trades essentially at the break-even cost of mining a Bitcoin,” Funstrat’s Thomas Lee said.

In the next section, I will describe in details what needs to be considered for Bitcoin mining. Before you go on board on Bitcoin mining, I’ll give you an overview on how to calculate mining profitability.

Bitcoin Mining Explained

Whenever a big mining pool comes online, the Bitcoin hashrate spikes. Due to this, even big, corporate miners may find their profit margins under threat. Home miners have no chance to compete in this challenging environment.

In addition, the Bitcoin mining computer’s rate of obsolescence is very fast. You will find new and more efficient Bitcoin mining hardware at any time after purchasing a machine that you thought was the best Bitcoin mining hardware just a few months ago.

Bitcoin Mining Requirements

As mentioned, Bitcoin mining needs resources. Just like any means of getting returns, you may have to invest to earn. In Bitcoin mining, you have to pay for

Choose what algorithm to run

As mentioned bit mining involves solving complex cryptographic puzzles. There are proof-of-work hashing algorithm being used today for this. I’ll share two of them below.

• SHA-256- This algorithm favors raw processing power.
• This algorithm favors great amounts of RAM and parallel processing ability, which explains GPU-based rigs are the way to go.

Bitcoin Mining Hardware

Mining rig is a computer system used for mining Bitcoins. The rig might be a dedicated miner when its procured, built and operated specifically for mining. But it could also be a computer that fills other tasks and only mine part-time.

There are two Bitcoin mining rigs that you can choose from for the hardware:

DIY Mining Rig. This can be built from your own PC with as many graphics cards that can fit or afford. The great thing with DIY systems is that it can carry out both CPU and GPU mining at the same time.

ASICs. These are self-contained units which come with a USB and/or Ethernet port. These are usually made by manufacturers. This type of rig is more expensive than DIY rigs and is mostly produced in the USA. So, you may need to spend a little extra to get this imported.

According to Bitcoins, today only ASIC miners are a viable option for Bitcoin mining. So, those programs that don’s support ASIC mining should be ignored as it’s not profitable.

Bitcoin Mining Software

Bitcoin mining software is necessary to connect Bitcoin miners to the blockchain and your Bitcoin mining pool, if you are part of a Bitcoin mining pool. The software delivers the work to the miners and receives the completed work from the miners and relays that information back to the blockchain.

The Bitcoin mining software also relays the information back to the blockchain and your mining pool. It also displays the general statistics such as temperature, hashrate, fan speed and average speed of the Bitcoin miner. The best one can run on almost any operating system including OSX, Windows, Linux and Raspberry Pi.

Here are some of the most popular Bitcoin mining software for you:

• CGMiner. This mining program is flexible, highly customizable and cross-platform. However, it’s difficult to install on Windows.
• Bitminter. This is another cross-platform program with easy-to-use UI. It has pre-installed pool settings and is cross-platform. Unfortunately, it only works with Bitminter pool.
• BFGMiner. This is based on CGMiner and is available for Windows and Linux. It is compatible with FPGA devices. Unfortunately, it doesn’t work well with Bitcoin mining GPU.
• MultiMiner. This is BGFMiner made easier for the less tech-savvy. It has an intuitive graphical interface, employs mining strategies and allows you to easily manage multiple devices.
• EasyMiner. This has a user-friendly graphical user interface and mines using CPU and ASIC/GPU simultaneously.

Power

One of the things that you need to consider is electricity. Mining requires electricity – actually lots of electricity. So, if you want a DIY rig, then be sure to get a great power supply.

I suggest that you check your bill. Once you have set your rig up and it starts working, expect to see an increase in your electric consumption. To see if bit mining is really profitable for you, you’ve got to consider the increase in your electric bill. So, take note of your bill the month before you start bit mining.

Bitcoin Mining Pool

You can actually do a solo Bitcoin mining. However, as mentioned, your chance of earning a block reward is slim if you do solo-mining. On the other hand, if you join a pool, you have better chances of earning a block reward. All of the members of the pool will have a share of the coins mined.

According to Bitcoins, joining a pool and doing a solo Bitcoin mining don’t have a huge difference. Solo mining gives you large and irregular payouts. On the other hand, pooled mining result in small and frequent payouts.

Bitcoin Mining Calculator

For the purpose of answering the question: is Bitcoin mining profitable, we will give you two scenarios as shared by BuyBitcoinWorldWide. This should explain how much Bitcoin mining cost.

You can use a Bitcoin mining calculator like CoinWarz to make this part easier for you.

Scenario 1

Let’s try to calculate how profitable is Bitcoin mining using these details.

• Hash Rate: 12,500
• Power (Watts): 1225
• Power Cost ($kWh). 0.05
• Pool Fees %: 0
• Bitcoin Difficulty: 475705205061.62900
• Block Reward: 12.5
• Bitcoin to Dollar (USD): 1148.969
• Hardware Cost: 1,300

In this example, we are using the default power cost of 5c. This is a likely rate for a Chinese industrial area or one in which the electricity is subsidized. The 0% Pool Fee assumes a mining farm large enough to run its own pool.

The fees and rewards structures of various pools are compared in this list.

With the given rates above, your S9 would pay for itself with a year. And you will also make about $600 in target=”_blank” rel=”nofollow”profit.

Scenario 2

I understand that the scenario above makes Bitcoining mining exciting for you. But, the next scenario is something that you should consider.

• Hash Rate: 12,500
• Power (Watts): 1225
• Power Cost ($kWh). 0.13
• Pool Fees %: 1.00
• Bitcoin Difficulty: 475705205061.62900
• Block Reward: 12.5
• Bitcoin to Dollar (USD): 1148.969
• Hardware Cost: $1,300

With these data, and the Bitcoin price at $1150, it appears that an average American home miner can only make $1348 a year – assuming that the difficulty and price hold steady. In this scenario, the unit will only pay for itself.

Conclusion

Bitcoin mining is a tedious activity that requires time and resources. In the past, this has been an easy job to do and has been a great outlet to earn free Bitcoins. However, over time, this has changed and the process has become more challenging and less profitable.

Bitcoin mining requires electricity, hardware and software to make things work. The block reward has reduced and the difficulty has increased which makes Bitcoin mining no longer profitable today.

If you want to learn more about Bitcoins, feel free to check our homepage.

References

• buyBitcoinworldwide.com/mining/profitability/
• cnbc.com/2018/03/15/bad-news-for-Bitcoin-miners-as-its-no-longer-profitable-to-create-the-cryptocurrency.html
• thebalance.com/can-Bitcoin-mining-make-a-profit-4157922
• investopedia.com/articles/forex/051115/Bitcoin-mining-still-profitable.asp
• finder.com/ph/Bitcoin-mining
• Bitcoinist.com/intel-may-make-Bitcoin-mining-profitable-for-individuals-again/
• blockchaintechnology-news.com/2018/03/19/report-states-Bitcoin-mining-no-longer-profitable/
• coindesk.com/information/mining-profitability/
• 99Bitcoins.com/the-6-best-Bitcoin-mining-software/
• Bitcoinmining.com/Bitcoin-mining-software/

Bitcoin is the most popular form of cryptocurrency that’s why it’s drawing more and more attention. If you are interested in making money with Bitcoins, we will teach you different strategies to do it right.

Are you wondering why many are joining the bitcoin bandwagon? Are you asking yourself how they make money from this digital cryptocurrency? If you do, then we will give you the answers.

Bitcoin itself has a value that you can convert into cash, so it’s a great asset. But, aside from this, there are a number of ways to make money from bitcoin. If you want to profit from this digital currency, here are the different things you can do to grow your wealth through Bitcoin.

#1 Writing

The cryptocurrency industry is still growing, but the online resources are scarce. As the interest for Bitcoin develops the demand for cryptocurrency writers and content creators will increase with it. So, if you love writing about bitcoins, you can potentially earn money from it.

As cryptocurrency writers, you can charge a premium for your service because of the complexity of the topics. Aside from writing informational content, a number of blockchain product companies pay active forum contributors to promote their product across popular platforms like Facebook and Reddit.

#2 Bitcoin Websites

Another great strategy to make money with bitcoin is by starting a Bitcoin website. Start a website and fill it with bitcoin-related contents that are relevant to those who are interested in this cryptorcurrency. Focus on anything from market trends and coin performance to explanations of advanced trading strategies.

There are endless amount of possible topics you can cover. Just make sure to provide relevant and helpful content. You can monetize your website through referral links and advertisement. The more visitors you have, the more money you’ll earn.

#3 Trade Bitcoins – Arbitrage

Another way to earn free Bitcoins is by trading. There are two methods in trading, the first way if you want to earn money is via arbitrate.

This is the safest way to earn from trading. This is the simultaneous buying and selling of assets to take advantage of differing prices. So, if you are into buying and selling, you can apply that skills here. There are multiple services that allows you to sell bitcoin. You can buy a Bitcoin at a lower price and immediately sell it for a higher price.

#4 Trade Bitcoins – Speculation

The speculation approach is risky. You would buy Bitcoins and wait until the price increases to sell it for a fiat currency. When the price drops, you will buy more. And repeat the process. You either need to be lucky or capable of predicting the future to make this work to your advantage.

There are people who are good traders and who can recognize patterns from price charts.

Here’s a number of sites that are best for Bitcoin trading.

• Coinbase. This is one of the most trusted platforms for trading cryptocurrency. It offers you the ability to trade a variety of digital assets on a secure, insurance backed platform.
• Bittrex. This site is designed for customers who want a lightning-fast trade execution, reliable digital wallets, and industry-leading security practices.
• Poloniex. This site includes advanced trading tools for trading, exchange and lending. It has cold storage and 24/7 monitoring to keep your money protected.
• Cryptopia. This supports literally hundreds of virtual cryptocurrencies with a low trading fee. It focuses on user experience with integration of additional services including marketplace and wallet.
• Gemini Exchange. This exchange is based in New York and is available in 48 US states and in other countries including Puerto Rico, Canada, UK, Singapore, South Korea and Hongkong. It has no deposit and withdrawal fees but charges 1% fee for trades to both the buyer and the seller.

#5 Lending

This is not as popular as the normal trading, but there are exchanges that allow you to loan your Bitcoin to other users. Sites like Bitfinex and Poloniex allows you to make money from your Bitcoin through margin funding.

When you margin fund, you will provide Bitcoin to other traders who are making leveraged margin calls. If you are willing to risk more, you can use the program SALT.

SALT allows you to leverage your blockchain assets to secure cash loans. In this way, you can make money from Bitcoins without having to sell your favorite investment.

SALT lending platform is a great option for those who need to make real-world expenditures but do not want to lose the potential gains from their digital currency holdings.

#6 Products and Services

Just like any new industry, since cryptocurrency is new, it opens new opportunities for you to create products and services. You can create a portfolio tracking app, a new cryptocurrency or blockchain-based games. There are plenty of options depending on your creativity.

#7 Convert your Bitcoin Into Cash

Bitcoins is a digital currency, but the great thing about this is that you can convert it into cash. Yes, you read it right, you can turn this into real money that you can hold and use for your future purchases.

If you have a bitcoin and want to turn it into a hard cash, you have several options, according to Sean Patterson.

Cashing Out Online

You can interact with a potential buyer directly and use an intermediary website to facilitate your connection with a certain fee. For this, you have to choose a financial service and create a seller’s account. When you’re account is ready, you can post a sell offer. Once you get paid, the website will transfer your cryptocurrency to the buyer.

For this you can use the following:

Coinbase. This financial service offers to transfer your bitcoins for free. But, if you are selling, you need to pay the service fee depending on what payout method you chose U.S. bank (1-2%), 1% for a Coinbase USD walled and 3.75% for PayPal

Bitbargain. This service has a variety of fees. If our ID is not verified you will be charged 0.005 BTC, the commission for trading operation is 1%. If you want to receive an SMS message you will have to pay 0.0003 BTC, and the banking verification procedure costs 0.02 BTC.

Cashing Out Offline

If you want to avoid service or cash withdrawal fees, you can also sell your bitcoins with a trade partner personally. For this, you can use special financial services that detect your geographical location and show the actual offers in your region.

Bitcoin Trading Exchange

Aside from trading with another person, you can find a trading platform that combines the features of Forex trading and Bitcoin exchanges. For this you have to open an account, place a sell order and state what type of currency you wish to sell and its amount. When a similar purchased is found, the exchange service will complete the transaction.

Kraken allows trading allows trading between bitcoins and EUR, USD, CAD, GPB and JPY. The trading fees are around 0.10% to 0.35%. This may vary depending on the quote currency volume. The processing fee for each paper copies of your communication is $60 per page. Meanwhile, the USD bank wire withdrawal is $5.

Bitfinex supports different digital currencies including bitcoins, litecoins and ethers. Its trading fee is around 0.10% to 0.20%, the bank wire fee is 0.100% with a minimum fee of $20, the express bank wire fee is 1.000% with a minimum fee of $20.

Cryptocurrency Converters

There are a number of ways to convert your bitcoins into cash. You can use an exchange service to instantly convert your digital currency into dollars, euros or other currencies. When the transaction is completed, you can withdraw the cash at ATMs using prepaid debit from one of the partner services offered by the site.

If you choose this route, make sure to only transact with legit sites. To do so, pay attention as to when the site was created and the reserve available for your chosen conversion pairs. Also, take the time to check their ratings and reviews.

Electronic Payment Systems

You can also perform all the conversion and withdrawal by yourself using a multi-functional electronic system. You can do this by opening a bitcoin account and then withdrawing the money using a wire transfer or prepaid debit card.

Conclusion

There are a number of ways to make money from Bitcoins. If you have tons of bitcoins, you convert it cash or trade it to earn money. If you don’t have bitcoins, you can still make money from it by working on bitcoin-related jobs.

References

• blockonomi.com/how-to-make-money-bitcoin/
• dailystar.co.uk/real-life/678831/how-to-make-money-with-bitcoin-cryptocurrency-cash-news
• ccn.com/earn-money-bitcoin-%E2%80%8B/
• coindesk.com/information/sell-bitcoin/
• coincentral.com/how-to-make-money-with-bitcoin/
• worldcore.eu/blog/5-efficient-ways-convert-bitcoins-cash/

Bitcoin faucets are great platforms to earn free bitcoins by simply visiting a website and completing simple tasks like captcha or surveys. Faucets offer different activities that you can work to get paid including playing games and downloading an app.

Are you interested to earn free bitcoins? Do you know that you can do so through bitcoin faucets?

I understand that you are eager to get free bitcoins now. Don’t worry because you will eventually get what you want. By the end of this article, I will be giving a bitcoin faucet list and some of it offer free bitcoins every 5 minutes or so. Are you ready? If so, then let’s get started!

What is a Bitcoin Faucet?

Bitcoin faucet is a reward system in the form of a website or app that releases rewards in the form of a Satoshi, a fraction of a bitcoin after completing a survey, watching an ad or doing a captcha.

The amount will typically fluctuate according to the value of bitcoin. Some faucets have random large rewards. Usually, after about 5 to 60 minutes, you will be required to insert a code that verifies that you are not a robot (usually written as a captcha) and you will gain your reward.

Faucets are a great way to introduce new people to bitcoins or altcoins. The majority of the faucets provide information to new users and offer them some free coins to “try before they buy,” or experiment with a test transaction before putting real money on the line. In general, this is a beneficial way to promote digital currency and bring in new users.

There are a lot of bitcoin faucet sites today, so it’s a very competitive market. Faucets earn from advertising to cover the cost of the coins it gives away. To make bitcoin faucets more profitable, you can add content and create unique and interesting stuff.

How Bitcoin Faucet Works?

Faucets offer rewards to attract visitors. It usually contains an advertisement that pays the faucet owners.

You may wonder why a number of sites use bitcoin faucets. The answer is simple – to earn a profit.

As mentioned, the faucet sites contain advertisements where faucet owners get money. The advertising cost is calculated on cost per thousand impressions (CPM) basis.

So, if the site gets more visitors and if each visitor spends more time on the site, the site owner gets more money from the displayed ads. This is the reason faucet websites give you tasks to finish and offer rewards so you will stay longer on their page.

In addition, the rewards attract more visitors to come back regularly to earn more free bitcoins or claim their compensation. As a result, the visitors spend more time on the faucet.

Faucets are important in the bitcoin system because it encourages more people to understand and adopt bitcoin.

Bitcoin Faucet Bot

As mentioned, bitcoin faucets offer you a list of task to complete to get free BTC. Faucet bots are created to make this repetitive works easier by automating the process.

Bitcoin faucet bot is an algorithm that repeats user’s action round-the-clock. It works on a computer or remote servers and virtual machines.

You can select the degree of automation and the robot’s type based on the following:

• Form of a script embedded in a web browser that collects Satoshi on faucet websites.
• Desktop version with additional programs for increasing payments from faucets making independent transfers to Bitcoin wallets and event trading on crypto exchanges.

However, the faucet bots’ job is not easy because there are also programs created to hinder it. For example, the picture-puzzle at the entrance to the site is designed as an obstacle for automatic intervention.

Bitcoin Faucet Rotator

A bitcoin faucet rotator helps you find the best bitcoin faucet sites by providing a list of the highest paying bitcoin faucet. A rotator is a collection of trusted websites known for being high paying and super fast.

BTC rotators welcome all the faucet owners to promote their faucets there. For bitcoin enthusiasts who want to earn a passive income starting your own faucet rotator may help.

The benefits of having a faucet rotator includes the following:

• Managing all your referral links in one place
• One link to promote all your programs
• Earn ad revenue from banners
• Earn revenue from rotator sales

The best bitcoin faucet rotator available is CryptoWorld. Check it out and you will see how helpful it is especially if you are looking for faucets and want to know the amount of time between payouts and how each one is paid.

Highest Paying Bitcoin Faucet

We will help you find the best bitcoin faucet today, so you can easily save Satoshi for your cryptocurrency investment. Check out our bitcoin faucet list below.

1. 99 Bitcoins

This bitcoin faucet gives out a very small amount of Satoshi every few minutes. In this way, you earn free bitcoins without spending cash on it.

The site releases satoshis every 5 minutes. At the time, the faucet has already paid 1,256,429,215 satoshis to its visitors.

You can get your free satoshi in three easy steps! First, solve the captcha. Second, enter your bitcoin address. Third, click on “claim Bitcoin.” Then, you’re good.

However, this bitcoin faucet website discouraged you from overusing it. If you claim over 120 times in 24 hours, you will be banned permanently and will not get your payout.

2. CryptoAddicted

This is another bitcoin faucet where you can claim a lot of satoshis every 30 minutes. The minimum withdrawal is 50,000 satoshis.

Every time you will claim from the faucet, the website will give you a fixed amount of Satoshi that will be displayed on the faucet page. The average amount will vary depending on the BTC/USD exchange rate and its advertising income.

When you sign in to this faucet website, all of your earnings will be accumulated in your balance. As soon as the total balance reach the 50,000 satoshi threshold, you will be paid directly to your bitcoin wallet on Saturday/Sunday each week.

CryptoAddicted has no fees. You will surely be pleased because they have a referral program that entitled you a 10% lifetime commission on all the referred users claims. The commissions will be directly added to your balance.

3. Moon bitcoin

This is free bitcoin faucet offers a great deal when it comes to cashing out your earnings. Unlike most of its counterparts, it offers you the freedom to withdraw your bitcoins anytime you want.

Yes, this website allows you to claim as often or as little as you like. You can withdraw a smaller amount every 5 minutes or visit once per day and claim the large amount that has built up while you were away.

As of July 6, 2017, all the payments in the website are made instantly and directly into your CoinPot account. They also have a referral program that offers you a 1% bonus for every active referral you make. A referral is considered “active” if they make at least 1 faucet claim in the past 72 hours.

4. FreeBitcoin

If you love games, you can use that passion to earn free bitcoins. This bitcoin faucet, offer you the chance to accumulate BTC as you play games.

FreeBitcoin offers you the opportunity to play simple games and win up to $200 in free bitcoins hourly. You can multiply your bitcoins by playing a simple HI-LO game that is designed to be provably fair. With this, you can win jackpot prizes up to 1 bitcoin everytime you play.

They also have a free weekly lottery where you can win big prizes.

That’s not all! If you refer your friends after signing up, you will get 50% of whatever they win in addition to getting free lottery tickets every time they play.

5. Cointiply

This bitcoin faucet will give you free bitcoins every hour. It also gives you the chance to earn up to 100,000 coins in every spin. Cointiply is among the highest paying Bitcoin faucet that you will find.

They also offer a loyalty bonus up to 1% per day and up to 100% for every day you make a claim. If you invite your friends to join, you can enjoy up to 25% lifetime referral commissions.

This free bitcoin faucet has a number of tasks for you to have free BTC. You can watch short videos, complete short surveys or install mobile apps to receive bitcoins.

You can also earn free bitcoins from any of its high-quality games through your in-game activity. Their games work on mobile and desktop.

6. BTCClicks

This is one of the most successful bitcoin faucets. This legit bitcoin faucet has been paying its users since 2013. The real earning potential comes from the combination of the 0.00019 mBTC per click and the affiliate marketing system.

When people use your link, you can make up to 80%. In general, the commission run between 40% to 80%, according to their website. However, you need to earn 0.10000 mBTC at the least to cash out. If your earning is less than that, then you have to work more so you can eventually withdraw your earnings.

If you visit BTC Clicks, you can earn up to 0.00025 mBTC per click and 0.00020 mBTC per affiliate/referral click. The premium membership costs 0.75600 mBTC for 3 months and offers you to double your earnings.

7. Family BTC

As its name suggests, this is the most “family friendly” and approachable Bitcoin faucets you will ever find in the market. This faucet website gives its members the right to claim bitcoins every 15 minutes.

By visiting the website and doing the different tasks it offers, you can earn free bitcoins. That’s not all, you can also earn up to 100% referral commission. So, invite your friends to join you in this bitcoin faucet.

Family BTC has affordable upgrade plans. This faucet is one of the safest and easiest ways to earn bitcoins online.

There are a lot of things going on the site, so you have more opportunities to earn free BTC from it. Thus, you should add this to your daily faucet rounds.

Conclusion

Bitcoin faucets are great platforms to earn free bitcoins by simply visiting a website and completing simple tasks like filling a survey or captcha. Our list above includes the highest paying bitcoin faucet that you will ever find in the market today.

If you want to learn more about bitcoins and cryptocurrency, feel free to visit our homepage.

References

• icopulse.com/blog/bitcoin-faucet-bot/#how-does-bitcoin-faucet-bot-work
• 99bitcoins.com/top-10-bitcoin-faucets/
• bitcoinbarrel.com/create-your-own-faucet-rotator/

There are a number of websites where you can purchase bitcoins safely. This page will give you a list of the trusted and reputable bitcoins sites where you can buy BTC and other digital currencies.

What is the best site to buy bitcoins? Are you finding yourself asking the same question?

I understand how difficult it is to find the best site to buy and sell bitcoins. So, to make things easier for you, I compiled the best sites to buy bitcoins. So, let’s get started!

Best Site to Buy Bitcoins Online

A number of sites promise to offer you the best deal, but only a few really deliver. To help you decide where to go when purchasing your bitcoins, check out the list below.

1.Coinbase

Coinbase is one of the most popular and trusted bitcoin sites today. This allows users to buy BTC with dollars, euros and British pound. It also allows you to pay through your bank account, credit card, and PayPal.

One of the best things with Coinbase is its intuitive design. The interface is simple and easy to use. In addition, card purchases are straightforward and its fees are very competitive which makes over 18 million users happy and satisfied. It also includes a recurring buys feature that enables you to schedule buys daily, weekly or monthly.

Also, for your peace of mind, 98% of its funds are stored offline to keep it safe against theft or loss. They also have a vault protection for added security where you can store your funds with time-delayed withdrawals. The digital currency in its server is also covered by their insurance policy.

Coinbase app is available on Android and iOS, allowing you to stay on the top of the market wherever you are.

2. Cex.io

CEX is originally a cloud mining operator. However, due to the increase in demand, it decided to offer bitcoins for sale. This site provides service to 99% countries around the globe including 24 states in the U.S.

This bitcoin website offers you a number of options to pay for your BTC purchase. It accepts Visa, MasterCard, bank transfer (SWIFT, SEPA) and cryptocurrency. It also offers reasonable trading fees for takers and makers with special conditions for high volume traders, and strong offers for market makers.

CEX.IO has a nice interface and is a great channel for those who want to trade digital currencies. Users also feel safe and secured when doing a transaction with them.

Just like Coinbase, CEX offers strong security. It protects your bitcoins from DDoS attack, has a full data encryption and complies with the PCI DSS standards.

3. CoinMama

This website is simple and very easy to use, which makes it attractive to users. Coinmama has global coverage and offers your favorite coins including Ethereum, ripple and other popular cryptocurrencies aside from Bitcoins.

You can use the site in three simple steps: register, finalize your account and buy cryptocurrency.

Coinmama allows you to buy bitcoins with a credit card or debit card as longs as it’s a Visa or MasterCard. You have to provide your personal details when you do transactions with them for security purposes.

Do not worry about providing this info because Coinmama is committed to the highest security and privacy standards. This also helps them keep your account safe. This process is called verification.

The Coinmama team will go over your details. Verification only takes an hour. After, this you can buy your bitcoins. The coins will be sent to you after your payment and wallet address have been confirmed.

4. Bitstamp

This site is gaining popularity in Europe as the best place to buy and trade BTC online. The sign-up process is easy and validation is fast. Once your account is verified, you can purchase bitcoins immediately. Withdrawal is as fast and easy. The ease of use makes this among our top picks.

Bitstamp is the cheapest place to trade BTC USD or EUR for high-volumes. It has attracted a large user among those who want to buy bitcoins with a debit card. It also allows you to trade instantly and accepts all major credit cards. That’s not all, it has transparent volume-based pricing and has no hidden fees.

In fact, it has a fee schedule page that shows you the all trading pairs and debit card withdrawal fees. Deposits and withdrawals of bitcoins, ripple xrp, ethereum and bitcoin cash are free of charge. However, there is a 5% fee for credit card purchase, 0.05% deposit fee and 0.09% withdrawal fee for International Wire. You can check more of the fees here.

5. LocalBitcoins

Localbitcoins is a global Bitcoin exchange that gives its users a lot of option. It’s one of the most private ways to purchase bitcoins because it doesn’t require personal information when making good trades. Yes, they don’t require I.D. verification and email address to sign up. However, some buyers or sellers might request this.

The site accepts a wide variety of payment methods including different currencies, debit, credit cards and PayPal. Most sellers limit PayPal purchases between $10 to $15000. They may require you to have a community reputation to minimize the risk of bad-actors reversing the PayPal transaction while keeping the bitcoins.

This website is available in nearly every country. Unfortunately, this is not available in Germany or New York.

6. Kraken

Kraken can be the best bitcoin exchange for serious and professional bitcoin traders. This is not for beginners as its interface is not as simple and straightforward as Coinbase or Cex. Kraken has too many buttons, subpages, and trading features.

The good thing about this site is it’s being fast funding and low fees bitcoin dark pool. Yes, it has excellent fees and withdrawal and deposit times, too.

Among the things that make this site a good choice for bitcoin pros are its reliability and security. This bitcoin website offers 24/7/365 support. They also ranked as no. 1 security encrypted cold storage.

“The MtGox trustee picked them because of Kraken’s proven operating history, and because its system has never been breached by hackers,” The Wall Street Journal said about the site.

7. Binance

Binance combines binary and finance, hence, the name. Binance has a good reputation as a bitcoin website.

You can ensure its safety and stability thanks to its multi-tier and multi-cluster system architecture. It is also high performance and is capable of processing 1, 400,000 orders per second. Thanks to its abundance partners and resources, and of course, superior technology. This bitcoin website is one of the fastest exchange in the market today.

Also, for your convenience, Binance covers all types of devices including web, Android, iOS, Windows, and MacOS. Also, if you have any concerns about the site, they offer multilingual support.

8. Gemini Exchange

Gemini Exchange is a great channel to buy bitcoins. It is a licensed digital asset exchange and custodian where you can buy, sell and store digital assets in regulated, secure and compliant manner. This marketplace offers multiple order types and execution option to facilitate trading strategies.

You will feel secure within the website because of its real-time, dynamic maker-taker fee schedule that allows market participants to be charged as low as 0% fee on all liquidity-making trades and as low as 0.10% fee on all. It also provides a transparent and incentive-based trading experience.

This New York-based site is available in 48 US states as well as in Puerto Rico, Canada, UK, Singapore, South Korea and Hongkong. This website is an easy-to-use and intuitive platform with customer support and a comprehensive Help Center, in case you need it.

9. Paxful

Paxful is another great bitcoin website. For your convenience, the website offers you over 300 ways to pay for bitcoins. It accepts, cash deposits, online transfers, debit cards, credit cards and gift cards.

You can also buy BTC with Amazon Gift Card, PayPal, Western Union, and OneVanilla Gift Card. If you want an instant payment, online transfers, debit and credit cards, and PayPal are among your options but it requires an ID. OneVanilla Gift Card and Amazon Gift Card are also instant, but private. Among the said options, Western Union offers the best price.

Paxful makes buying bitcoins directly from other people simpler. You just have to sign up and buy bitcoins right away. Transactions such as trading happen real-time. Buyers and sellers can communicate online via live chat.

Buyers are 100% protected because the site checks all the sellers to verify the buyers’ safety. They also offer the highest level of encryption and professionally audited security, so, you can buy with confidence.

10. XCoins

XCoins is another great site if you are planning to buy BTC. It is very simple to use which makes it great for novice or those who are still new to bitcoins or cryptocurrencies.

The website accepts all major credit cards. It also accepts bank account payment by ACH or eCheck. That’s not all, you can also pay using your PayPal balance or PayPal credit.

The site has over 25,000 customers and serves over 40 countries. The site is one of the safest places to buy bitcoins. The platform will only match you with a lender, who has sufficient balance to fund your transaction. As soon as the lender is selected, the bitcoin is reserved for you. Once you make the payment, the bitcoin will automatically be moved to your wallet.

Conclusion

There are a number of sites where you can buy bitcoins, so choosing the best one can be confusing. The good thing is that there are a also a number of trusted site where you can safely but BTC. The sites in the list above have a proven track record and good reputation in buying and selling bitcoins. So, you can bank on them when you plan to buy BTC.

If you wish to learn more about bitcoins and cryptocurrencies, feel free to visit our homepage.

References:

• howtobuybitcoin.io/best-places-to-get-bitcoin/
• bestbitcoinexchange.io/
• techradar.com/news/the-best-bitcoin-exchange