Crypto Mining Sites | 5 Best Projects to Mine for Profits

Let’s face it. Cryptocurrency mining isn’t quite as profitable as it once was. The China ban, combined with the falling BTC prices, has caused the profitability of cryptocurrency mining to dwindle consistently over the past year.

As a result, many mining operations have started to turn off their machines as their revenues barely cover the cost of the electricity required to power the devices.

However, despite the falling profitability, a strong handful of cryptocurrency projects are still producing profits from mining. Some projects require you to mine alone, while others are cloud-based mining operations. Alternatively, some projects allow you to invest in NFTs that produce revenues from mining crypto.

Regardless of the strategy, here are five of the best projects and crypto mining sites still mining for profit.

The Top 5 Best Projects to Mine for Profits

Copium Protocol – The best overall mining project for passive cryptocurrency mining
StormGain – An all-in-one ecosystem that provides cloud mining services
BitFufu – A cloud mining service provider partnered with Bitmain
Ecos – An all-in-one crypto investment and mining platform
CudoMiner – A mining software with over 100,000 users

A Closer Look at the Top 5 Best Projects to Mine for Profits

1. Copium Protocol

Copium Protocol is a passive cryptocurrency mining ecosystem that provides an effective and straightforward method to participate in cryptocurrency mining.

The project aims to revolutionize the entire mining industry by removing unnecessary technical jargon and providing a way to mine without investing in expensive hardware.

The entire protocol is a multi-pronged ecosystem that includes;

Copium Mining
Copium Coin
Investor Pass NFTs
Copium Staking

The Copium Protocol is centered around Copium Mining, a real-world cryptocurrency mining facility in Otago, New Zealand. This mining facility is highly unique as it is powered by a surplus supply of 100% clean, green, renewable Hydroelectricity generated in the foothills of New Zealand’s Southern Alps. This means Copium Mining does not receive any negative stigma associated with using non-renewable resources to mine cryptocurrency.

The initial launch phase for Copium Protocol will see the release of the Copium Protocol Investor Pass. This is a collection of 10,000 NFTs that will mint on the Ethereum network in early-mid October.

The Investor Pass NFTs will be sold at Dutch Auction via copiumprotocol.io, with a starting price of 3.5 ETH. However, the first 2000 users that register their interest early will receive a guaranteed mint spot at a lower, fixed rate of 3 ETH.

Holders of the Investor Pass NFTs are entitled to the following benefits:

An exclusive airdrop of 10,000 Copium Coins.
The ability to stake the Investor Pass on the platform in exchange for a daily allocation of 10 Copium Coins.
The ability to stake Copium Coin at an exclusive interest rate only offered to Investor Pass holders.
Automatic entry to monthly Copium giveaways.

After the Investor Pass NFTs have been sold, the revenue generated from the NFT sales will be used to upgrade the hardware and infrastructure at the Copium Mining facility. Copium Mining is highly respected in the New Zealand Cryptocurrency industry and they are able to purchase bulk quantities of the latest generation of cryptocurrency miners.

Once the facility has been upgraded, the daily revenue generated from cryptocurrency mining at Copium Mining will be used to purchase Copium Coin from the open market – providing daily demand for the asset.

Furthermore, any Copium Coin bought from mining revenue will be sent directly to a burn address to remove it from the supply. As a result, Copium Coin will become a deflationary asset that becomes more scarce over time.

Copium Coin is the ERC-20 token that powers the ecosystem and it will be released to the public simultaneously with the Investor Pass. First, however, there will be a…