UPDATE 2024-Feb: The article has been re-organized to differentiate faucets from cloud mining websites, and list them separately. Also, based on feedback from visitors, non-paying faucets will be removed from the list. Below websites have been removed:
– multimining.website : site is down for too long
– 99mining.cloud : complaints and no explanation from owner
– bitminer.io : downtime issues
– ccloudmining.com – site offline
– bitzfree.com – site is down for too long
– btcprominer.life – site offline
– startminer.com – complaints and no explanation from owner
– cpumin.com – site offline
– bitfire mining – website under maintenance for too long.
Is there such a thing as free bitcoin mining? Yes – with the popularity of bitcoin reaching billions, there are more and more, free bitcoin mining cloud websites on the internet. Here, I am going to list the most active bitcoin faucet sites, where you can earn satoshis every minute, by doing nothing.
Classification of Free Bitcoin Mining websites
There are majorly two classes of free bitcoin mining websites:
-> Faucets
-> Cloud Miners
The first one called Faucets are most popular, and are simply a facade for cloud mining. In reality, there are no miner hardware used by them. It is simply a timer software with different rules, that auto accumulates virtual coins/tokens to its subscribers. In return, the faucet owner receives traffic, which he can convert to ad revenue.
The second type are actual cloud mining websites, that allocate a small portion of their expensive mining hardware, to each subscriber. In most cases, such websites expect you to invest some fiat money to buy the share of computing power. But they can also run promotions for free mining, in order to attract more buyers/leads.
How do Free Bitcoin Mining Faucets Make Money?
Let us first understand why faucets are giving away free bitcoins… How do they make money? The answer is simple – because BITCOIN is massively popular. Any popular site has traffic, and with traffic, they can earn ad revenues. The only smart move here is to plan the faucet in such a way, so as to make more money from ad impressions, than giving away for free.
But, that is not the only income source for these websites. Sometimes, clever use of premium cloud miner options, also helps them make money. For example, when you have gained sufficient free coins in your wallet, they will propose you to upgrade or purchase some affiliated products, with that accumulated money. Somehow, the faucet website will profit from your free money, one way or another.
How do Free Bitcoin Cloud Miners Make Money?
Cloud miners have actual mining hardware racked up in a data center facility, with all the operational maintenance expenses incurred. In order to mitigate the risk of initial capital expenditure on the hardware equipment, cloud mining companies will sell the compute power in small chunks, on the retail market.
So anyone can invest as few as $20 in a miner share, and whatever income is generated by the miner hardware, is accordingly distributed to all share holders, minus the maintenance fees of facility. Sounds familiar? well that is how share markets work…
Since there are too many cloud miners competing in the world, naturally they have to attract more subscribers to their own share pool. Hence they will allocate some compute power as free for new signups. Just like Amazon would try to woo you with free gift cards, if you checkout their new products.
Compute power of miners are measured in GH/s or MH/s or KH/s, which is basically different denominations of hashes / second. The number of hashes (complex crypto algorithm) that can be computed by a miner in 1 second, determines how fast the miner is. The more compute power you invest in, the larger will be your profits / month.
Something to note: once the shares are all sold by a cloud miner, they will stop offering free mining slots, so it makes sense to join them early.
How do I Make Money from Free Bitcoin Mining Sites?
The first and foremost requirements to Earn Free Bitcoin are:
- An email address
- A bitcoin wallet. Get Free Wallet Here
You may use the same email address on different websites, but always use a different wallet.
Once registered with a faucet website, visit regularly every day, week or month, to check your accumulated amount. When the minimum balance is accumulated, you may withdraw to your bitcoin wallet, where it will only be yours to spend! You could also upgrade the plan, and accumulate at a faster rate, but that is up to your investment risk profile – whether you prefer long term or short term investment plan.
In addition, you can also earn money by affiliate commissions. Just send your referral link to friends, and earn a percentage of their earnings.
Once registered with a cloud mining website, check the Contracts section to avail your free compute power. Most miners will give you up to 100 GH/s
Now that we have covered the basics, let us look at the active websites for free bitcoin mining, starting with cloud miners.
Free Bitcoin Mining – Cloud Miners
Cryptotab Browser – Editor’s Choice
Alright, this is not really a mining website, but actually a browser software that allows trickle mining in the background. The browser is a Chromium variant, so Chrome users will have no trouble migrating to this new browser.
Please note this browser is actually mining on your local PC, so it will consume CPU power of your machine. The hash power is not too much, its mostly less than 100 H/s, which means you may make just 1-2 satoshi in 10 min. based on current complexity and BTC trends.
I know, this is too slow and tedious, but it is a natural mining process and the most effective mining – trust me. Unlike others, you can expect this miner to be a long haul.
Be cautioned that using browser mining for long hours, on home laptops can be bad for the machine’s life. Fortunately, the software has the option to throttle how much CPU power can be used. I suggest keeping it below 40% so as to have a longer computer life. Or better rent a cheap VPS, and run the miner there, because servers are much more resilient to continuous utilization.
Dualmine
Thanks to Anto for mentioning these. This cloud miner provides a whopping 100 GH/s for free on signup. But unlike other sites, the contract is for 1 year only. Still its a good free investment.
In addition, there are other time-sensitive promotional offers that allow racking up more power in free mining. The prices are pretty decent, and you may rack up 3x more hash power on every purchase, before the promotion ends.
Related: Top Free Android Apps to Earn Bitcoins Fast
Free Bitcoin Mining – Faucets
Cointiply
This is unlike other faucets, I guess its more like an offerwall faucet. Please do note that, cointiply does not make you money in the background, but you actually have to work, to earn coins.
This is the perhaps the most comprehensive faucet site I have seen with multiple sources of earning coins. You may earn thousands of satoshis / day depending on how much time you can spend on this site.
You can complete quick offers, surveys, watch videos, play games, and many many more items to do, where each one adds a few coins into your account. Cointiply claims to have over 400k registered users, and has shelled out more than 100 BTC in earnings.
Cointiply has one premium upgrade which gives you extra powers for earning more coins, and get rid of ads, but costs 17k coins/month or 170k coins/year. The affiliate offer is 25% of every referral’s faucet claims FOR LIFE. You will also earn 10% of any of your referrals offer wall earnings. There is no limit to the number of referrals you can send… pretty knockout I think!
Tips for free bitcoin mining
My suggestion is to rent a cheap Windows VPS and run the miners in the browser window. Log in to the server every few hours, and make sure the miner page has an active session. That way, the miners will be accumulating free coins – 24×7!
The rate of coin production varies, based on a of users logged in, and other factors, but all in all, its a very lucrative investment for free bitcoin mining, if you ask me.
The referral commissions are a good way to boost your income. If you have a large email list of your own, then wait till you upgrade to higher version plan, and then send a shout-out to your friends and colleagues… maximum profit – the smart way!
So what do you think? How many coins can be earned using these free bitcoin mining sites? Do some math, and you will be surprised. Do let me know if there is any website that pays better than the above ones…Adios until next time!
Cloud mining should be considered as a fun, recreational activity and not your only source of income or investment. Investing involves risk, including possible loss of principal.
In addition to the normal risks associated with investing and mining, cryptocurrency mining investments and related instruments may involve risk of capital loss from unfavorable fluctuation in cryptocurrency values, exchange-related risks, policy risks, liquidity, and market price fluctuation and demand.
The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy.
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