Free Bitcoin Mining Without Investment – Is It Really Possible?

Free-Bitcoin-Mining-Without-Investment-Is-It-Really-Possible

Free Bitcoin Mining Without Investment

Newly created Bitcoins (BTC) are offered as rewards to Bitcoin miners. Bitcoin mining involves solving complex computational problems. It is the process where a miner verifies and confirms a bitcoin transaction linking the new block (transaction information) to the existing blockchain. However, for Bitcoin or cryptocurrency mining, miners require a specialized computer and other software and hardware.

Free Bitcoin Mining Without Investment – Is That Possible?

Well, it is one of the most frequently asked questions. Previously it was possible with high-end computing resources that required a substantial amount of power. Mining was done by computational resources like specially developed miners that solve complex algorithms to mine bitcoins, but these options are not that economical and require a huge investment.

But it is no longer the case as there are many websites, software, and online tools that are available that make it possible to mine and earn bitcoins with ease. The users can easily download software on their devices or register with websites to earn Bitcoin without investment.

One more way users can opt for is cloud mining.

What Is Bitcoin Cloud Mining?

Bitcoin cloud mining—or cryptocurrency mining—is the mining of bitcoins (BTC) (or other cryptos) by leasing or buying bitcoin mining equipment from other third-party cloud providers. These providers are also responsible for the maintenance of the equipment. Thus the user doesn’t have to worry about managing his own hardware as everything is managed by the service provider you hired.

Bitcoin cloud mining reduces the overall costs of mining. Another advantage is that bitcoin investors—lacking any technical knowledge of mining—can also use it. Nevertheless, as stated earlier, one requires a computer with high computing power.

The Option of Free Bitcoin Mining

Bitcoin miners must invest in a specialized computer. Nevertheless, there is also the option of mining bitcoins without investment via cloud mining. Yes, free bitcoin cloud mining without investment is not that difficult at all. There are numerous ways to get free bitcoins (BTC) without mining: While using a cloud mining site is an option, one can also sign up for an affiliate program that rewards cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), etc. But for those looking for free mining services and platforms, we have listed some of the best free bitcoin mining sites in this article. 

Top 10 Best Free Bitcoin Mining Sites Without Investment of 2021

1. CGMiner

CGMiner is a free Bitcoin (BTC) mining software. A GPU, FPGA, and ASIC miner compatible with various platforms like Windows, Linus, etc., CGMiner is reputed for its stable performance and reasonable cost for hashes. Miners of all skill levels can use CGMiner.

2. BHGMiner

Ideal for FPGA, ASIC, and GPU mining, BHGMiner is well-known for its customization option. It enables users to manage rigs remotely, detect and start idle threads, and monitor the device’s hardware temperature. It is compatible with Linux, Mac, Windows, Raspberry Pi. 

3. MultiMiner

Recommended for beginners, MultiMiner is known for its simple user interface and automated mining platform. Users can choose a mining strategy to mine the most lucrative cryptocurrencies; it also displays the crypto coins’ potential profits. It supports GPU, ASIC, and FPGA mining and is compatible with Windows—however, it requires additional software for Mac and Linux operating systems.  

4. Awesome Miner

Apart from ASIC and FPGA mining, Awesome Miner can run multiple mining hardware types. Also, it supports over 25 mining engines like cgminer, bfgminer, xmrig, among others. The software’s all-inclusive dashboard displays most of the hardware properties like temperature, fan speed, to name a few. While one can download and use Awesome Miner for free, there is a web version also available. 

5. 50Miner:

50Miner is compatible with Windows and is powered by a GUI. It supports automated mining—one of the features of its hardware settings. The software is easy to use; one only needs a username and password to get started. 

6. EasyMiner

Yet another GUI based mining software optimal for Windows, Linux, and Android devices, EasyMiner is a free Bitcoin mining software. Ideal for beginners, the software configures automatically and has a simple interface. EasyMiner features comprehensive graphs depicting every step of the Bitcoin mining process.

7. BTCMiner

As an open-source Bitcoin mining software, BTCMiner features a USB interface for easy access and communication. A fully automated software, BTCMiner uses error measurements for scaling dynamic frequency. Ideal for mining bitcoins, this software is recommended for users of various skill levels.

8. MinePeon

Yet another open-source Bitcoin mining software, MinePeon, is known for stability and performance. Users are required to configure this software after installing it on the mining device. MinePeon is an automated mining software for crypto coins like Bitcoin (BTC), Litecoin (LTC), etc.

9. Bluemagic.cloud

As a cryptocurrency cloud mining site, Bluemagic.cloud is a through and through cloud crypto mining site. Ideal for mining cryptocurrency tokens like Bitcoin, you can mine coins—like Bitcoins, Dogecoin, Litecoin—and sign up for rewards, including a free GH/S. Apart from this signup bonus, users also get a GH/S for every registration via their referral link.  

10. Bitland.pro

Bitland.pro’s headquarters may be in Canada, Ottawa, but it offers mining services to most of the world’s regions. The mining site supports most crypto coins like Bitcoin, Litecoin, Tron, Tether, Dogecoin, etc. Users can also earn 50 GH/S via their referral link; depending on the referrals, users also can get random referral bonuses.   

The Verdict

While mining creates new bitcoins, it consumes a lot of power. Thus, one can opt for third-party software and websites where the mining systems are maintained by them. We have listed some of the best mining software and websites with varied features suitable for most operating systems and skill levels. 

FAQs

1. How can I get free Bitcoins without mining?

There is a vast game library on most of the crypto casinos where everyone can win bitcoins via playing any game of their choice. Apart from the crypto casinos, people can also earn different cryptocurrencies Faucets like bitcoins, via faucets. Some websites also offer a certain percentage of bitcoins for referrals. People can either share a referral video or referral links via email to earn cryptocurrencies as a bonus whenever someone clicks on those links. 

2. How can I earn bitcoins fast without investment?

As stated earlier, there are numerous ways where people can earn bitcoins or other crypto coins without investments by some or all methods. These methods include referral programs, playing games for bitcoins, trading bitcoins, cloud mining, or simply get paid in bitcoins for services. All one needs to do is search for such sites that give away bitcoins for promotions or services. 

3. What is the best free Bitcoin miner?

We have listed all the mining software and a few websites that we consider ideal for beginners and advanced mining enthusiasts. One can choose from the list as per their specific requirements. 

4. How long does it take to mine 1 Bitcoin?

It typically takes 10 minutes to mine 1 Bitcoin, where the process consumes approximately 72 terawatts of power, which is a high cost to pay.