BeMine Review
A fractional ASIC mining marketplace that lets users buy shares of real mining equipment hosted in Russian data centers.
Overview
BeMine operates on a unique model in the cloud mining space: rather than selling hashrate contracts, the platform allows users to purchase fractional shares of actual ASIC mining equipment. This means your investment is directly tied to specific mining hardware hosted in BeMine's data centers.
The platform was launched in 2018 and operates mining facilities primarily in Russia and Central Asia, where electricity costs are relatively low. Users can browse available miners, see their specifications and performance data, and purchase fractions starting from as little as 1 TH/s.
BeMine's marketplace approach creates an interesting dynamic where users can also resell their shares of mining equipment to other users, adding a layer of liquidity that traditional cloud mining contracts don't offer.
The company includes electricity and maintenance costs in their pricing, simplifying the cost calculation for users. However, as mining equipment ages and newer, more efficient models are released, the value and productivity of older machines naturally decreases.
Key Features
Russia
2018
From 1 TH/s (shared ASIC)
ASIC lifetime (shared ownership)
Pros & Cons
Pros
- Unique shared ASIC ownership model
- Can buy fractions of real miners
- Transparent hardware allocation
- Relatively affordable entry point
- Real mining equipment backing
Cons
- Based in Russia (regulatory risk)
- Limited English support
- Smaller company with less track record
- Equipment depreciation affects value
- Interface could be more polished
Pricing & Fees
$50
Electricity + maintenance included
Supported Cryptocurrencies
Our Verdict
BeMine offers an interesting approach to cloud mining through fractional ASIC ownership. The model provides more transparency about what hardware your investment backs. However, the Russian base may concern some investors given geopolitical considerations.
Compare With Other Providers
BeMine — Frequently Asked Questions
Is BeMine legitimate?
BeMine has been operating since 2018 and is headquartered in Russia. Based on our research, it appears to be a legitimate cloud mining platform, though we always recommend starting with a small investment.
What is the minimum investment for BeMine?
The minimum investment to start mining with BeMine is $50. This gets you access to their From 1 TH/s (shared ASIC) hashrate plans.
What cryptocurrencies can I mine with BeMine?
BeMine supports mining of: Bitcoin. Payouts are available via BTC wallet, Platform balance.
How long are BeMine mining contracts?
BeMine offers contracts with a duration of ASIC lifetime (shared ownership). Fees structure: Electricity + maintenance included.
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