Cody McGrath 
Cryptocurrency mining is the process of verifying transactions on the blockchain and providing the computing power necessary to secure the network. In this article, we will be discussing the top ten best crypto-mining companies according to our research.
As cryptocurrency continues to gain popularity and value, it has become increasingly important to understand the best mining companies available. To help you identify the top ten crypto mining companies, we’ve researched the leading operations and their services.
Our list includes some of the most well-known companies in the industry, as well as some lesser-known, but equally reliable, operations.
Whether you’re interested in joining a mining pool or setting up your own rig, this list of top 10 crypto mining companies has you covered.
With a better understanding of the industry, you can make an informed decision and choose the company that best suits your needs.
What is crypto mining?
Crypto mining is the process of verifying transactions on the blockchain and providing the computing power necessary to secure the network.
This activity is essential for the operation of any cryptocurrency, as it serves to decentralize and distribute the currency. Mining is a process that involves solving complex mathematical equations.
The first miner to solve the equation receives a reward in the form of a cryptocurrency. Whether you decide to mine solo or join a mining pool, this process is the same.
Methods of mining crypto
There are three main methods of mining crypto:
- Cloud mining
- Dedicated mining
- Solo mining
Cloud mining
In this method, you don’t need to buy any equipment as the company provides it. You pay a certain fee so that the company can host the equipment and process your transactions.
When a mining operation is outsourced to a third party, the operators typically select a location that has cheap electricity, an ample supply of water, and is close to a source of cooling. These factors are crucial for successful crypto mining.
In addition to these considerations, the company should also have a good track record and a solid reputation in the industry.
Dedicated mining
In this method, you purchase mining equipment and host it in a dedicated mining facility. In some cases, you can also rent mining equipment from a mining hosting facility.
Dedicated mining can be a lucrative and profitable operation, but it requires a substantial investment in mining equipment and mining facilities.
Solo mining
In this method, you are mining by yourself. You do not join a mining pool, and you don’t have to pay any fee.
Crypto mining equipment
The mining equipment you choose is dependent upon the various factors of mining, including the crypto you are mining and the mining method you are employing.
During your research phase, you should consider factors such as electricity consumption, hash rate, and power efficiency. You should also consider the maintenance and cost of the equipment.
You can choose one of these five types of equipment when mining crypto:
- CPU
- GPU
- ASICS
- FPGA
- Hashing Power
CPU
This is the oldest form of mining equipment, and it’s very inefficient.
However, it can still be used to mine the less valuable cryptocurrencies. CPUs are good for beginning miners who want to try out mining without making a big investment.
GPU
This is the most efficient form of mining equipment, but it was largely replaced by ASICs. GPUs aren’t as powerful as ASICs, so they can’t compete with the latest ASICs.
However, they are still a viable option for mining some cryptocurrencies.
ASICS
This is a special type of computer chip designed to mine cryptocurrencies.
ASICs were created as a response to the rising difficulty of mining Bitcoin with CPUs and GPUs.
ASICs are also powerful computers that use less electricity than CPUs and GPUs.
FPGA
FPGAs are less powerful and less efficient than ASICs.
They typically consume less electricity, but they are also less flexible and less profitable than ASICs.
Hashing power
This is the total amount of computing power being used to mine cryptocurrencies. It’s measured in terms of GH/s (Giga hash per second), TH/s (terra hash per second), etc.
List of top 10 crypto mining companies
These are the list of 10 massive crypto mining companies according to our research:
- Genesis Mining
- Hashflare
- CryptoCompare
- Bitcoin Mining Calculator
- Mining Pool Hub
- NiceHash
- Hut 8
- Mining Rig Rentals
- Etheal
- Canaan
1. Genesis Mining
Genesis Mining is the world’s leading hosted mining company. It provides mining services for 11 cryptocurrencies, including Bitcoin, Ethereum, Zcash, Monero, and more.
Customers are able to purchase mining contracts through the website and choose between three different mining solutions – Standard, Advanced, and Extraordinary. Standard packages provide 2 Eth per day, while the Advanced and Extraordinary packages provide 5 Eth per day.
Customers can also select their desired duration between 1 and 2 years. All three packages come with a 99% uptime guarantee, daily payouts, and daily mining contributions.
Genesis Mining also offers a variety of special deals, including discounts for new customers. The mining company has an A+ rating from the leading independent review site Trustpilot.
2. Hashflare
Hashflare is a leading cloud mining company that allows users to mine nine cryptocurrencies, including Bitcoin and Ethereum, without setting up any equipment.
The website features three main mining plans with different durations and daily payouts. Customers are able to choose between a 3-month, 6-month, and 1-year plan.
All plans come with a daily payment, a daily maintenance fee, and a lifetime contract. Hashflare currently has an A+ rating from the leading independent review site Trustpilot.
3. CryptoCompare
CryptoCompare is an online information hub focused on cryptocurrencies. The website provides detailed information on various cryptocurrencies, including the latest news, trading guides, and in-depth reviews of various exchanges.
It also provides data on various mining companies and the hardware needed to mine different cryptocurrencies.
4. Bitcoin Mining Calculator
This website provides detailed information on the quantity of Bitcoin that can be mined with various hardware. The website also provides information on the profitability of each piece of hardware.
The latest version of the Bitcoin mining calculator also makes it simple and easy to quickly calculate Bitcoin mining profits by adjusting the mining hash rate values or by selecting one of the Bitcoin mining hardware devices from the ASIC Bitcoin miners list.
5. Mining Pool Hub
Mining Pool Hub is a multi-pool that supports direct coin mining as well as automatic profit switching within an algorithm. You can select in which currency you want to get paid by defining it in your MPH account.
The website also features an intuitive interface and allows users to choose from three different mining plans – Starter, Standard, and Advanced.
6. NiceHash
NiceHash was founded in 2014 and is the world’s leading cryptocurrency mining platform. It is used daily by cryptocurrency miners and buyers of hash power.
NiceHash also allows users to generate revenue from their idle hashing power. The website features three main options for earning revenue – find a seller, sell your hashing power, or use their mining pool. All three options are available with a free account.
7. Hut 8
Hut 8 Mining is a cryptocurrency mining and Blockchain infrastructure company established through an exclusive partnership with Bitfury, one of the world’s leading Blockchain technology companies.
Hut 8 Mining is led by a team of industry experts to provide investors with exposure to Blockchain processing infrastructure and technology along with underlying cryptocurrency rewards and revenue from transaction fees.
8. Mining Rig Rentals
Mining Rig Rentals is a mining company that allows users to rent mining rigs. The website features different mining plans with different durations, mining rigs, and daily payouts. The mining plans vary from one day to six months and provide daily payouts.
This is one of those services that allow you to mine cryptocurrencies without owning any mining equipment.
You can rent machines dedicated to mining, more precisely renting hash rate to mine the cryptocurrency you want.
This is very interesting if you want to get started with cryptocurrency mining.
9. Riot Blockchain
Riot Blockchain Inc (Riot Blockchain) develops, operates, and supports blockchain technologies. Its primary operations include mining of cryptocurrencies and the development of exchange and mining pool platforms.
The company classifies its business operation into Bitcoin Mining (Mining), Data Center Hosting (Hosting), Electrical Products and Engineering (Engineering), and Other.
It also provides critical mining infrastructure for institutional scale clients to mine Bitcoin at the Bitcoin mining facility, the Whinstone Facility.
10. Canaan
Established in 2013, Canaan (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services.
The Company’s vision is “supercomputing is what we do, social enrichment is why we do it.” Canaan has a rich experience in chip design and streamlined production in the ASIC field.
In 2013, it released and mass-produced its first ASIC Bitcoin mining machine. In 2018, Canaan released the world’s first 7nm ASIC chip, providing energy-efficient computing equipment to the cryptocurrency mining industry.
Conclusion
Cryptocurrency mining is an increasingly popular method of generating revenue and providing an important service to the blockchain. The methods of mining vary, but all involve solving complex equations.
Each of the top 10 crypto mining companies offers a variety of mining plans with varying degrees of daily payouts and durations. Before you decide which company to join, you should consider your budget, daily payouts, and the ease of the mining process.