Hashlabs vs Simple Mining (2026)
Last updated: July 2026 · Rated by our published methodology
Short answer: For beginners, Simple Mining is the easier start — 0-month minimum term, setup fee: None (30-day hosting deposit), Trustpilot 4.7/5. For 1–5 miners, Hashlabs wins on cost: at $0.072/kWh an Antminer S21 costs about $184.10/month in power versus $204.56 at Simple Mining ($0.08/kWh) — roughly $20.46 saved per unit every month. For 10+ miners, Simple Mining is the safer bet: operating since 2021 (5 years), facilities in USA (Iowa, 9 sites, >125 MW), track-record score 7.5/10 versus 7/10 for Hashlabs. Overall scores: Hashlabs 7.9/10, Simple Mining 7.7/10. Full data below.
Hashlabs vs Simple Mining: the full data
| Hashlabs | Simple Mining | |
|---|---|---|
| Price (all-in) | $0.072/kWh | $0.08/kWh |
| Setup fee | 1 month deposit + 1 month prepay | None (30-day hosting deposit) |
| Minimum term | 1 months | 0 months |
| Facilities | USA (Nebraska), Norway, Finland (sold out), Ethiopia (sold out) | USA (Iowa, 9 sites, >125 MW) |
| Operating since | 2021 (5 years) | 2021 (5 years) |
| Trustpilot | 4.7/5 | 4.7/5 (28) |
| Known incidents | None found | None major; local debates about power expansion in Iowa |
| Payout | Daily, direct to own wallet/pool | Own pool, direct to own wallet |
| Total score | 7.9/10 | 7.7/10 |
Full datasheets: Hashlabs review · Simple Mining review · all providers in the hosting comparison 2026.
Which provider is cheaper?
Hashlabs, at $0.072/kWh all-in versus $0.08/kWh at Simple Mining. On an Antminer S21 that gap is worth about $20.46 per month per unit — $245.47 over a year. Setup fees add to the picture: Hashlabs charges "1 month deposit + 1 month prepay", Simple Mining charges "None (30-day hosting deposit)".
Who has the better track record?
Simple Mining scores 7.5/10 on track record versus 7/10 for Hashlabs. Simple Mining has operated since 2021 (5 years) from Cedar Falls, Iowa, USA, while Hashlabs started in 2021. Facility footprint: Simple Mining runs sites in USA (Iowa, 9 sites, >125 MW); Hashlabs in USA (Nebraska), Norway, Finland (sold out), Ethiopia (sold out).
Which provider is easier to start with?
Simple Mining. Its minimum term is 0 months versus 1 months at the other provider, the setup fee is "None (30-day hosting deposit)", and its support score is 8.5/10. Payout model matters for first-timers too: Hashlabs pays "Daily, direct to own wallet/pool", Simple Mining pays "Own pool, direct to own wallet".
Who has better customer ratings?
On Trustpilot, Hashlabs rates 4.7/5 against 4.7/5 for Simple Mining. Transparency scores: Hashlabs 8.5/10, Simple Mining 9/10. We deliberately don't rank providers by self-stated uptime — those claims aren't independently verifiable; verified payout history and review patterns matter more.
Cost example: Antminer S21 (200 TH/s, 3,500 W)
Monthly power cost = 3.5 kW × 24 h × 30.44 days × price/kWh, assuming 100% runtime:
| Provider | Rate | Monthly power cost (1× S21) | Yearly power cost |
|---|---|---|---|
| Hashlabs | $0.072/kWh | $184.10 | $2209.21 |
| Simple Mining | $0.08/kWh | $204.56 | $2454.68 |
| Difference | $20.46/month | $245.47/year |
Run your own numbers in the mining profitability calculator.
Frequently asked questions
Which is cheaper for one Antminer S21 — Hashlabs or Simple Mining?
Hashlabs is cheaper. At $0.072/kWh an Antminer S21 (3,500 W) costs about $184.10 per month in power, versus $204.56 at Simple Mining ($0.08/kWh) — a difference of roughly $20.46 per unit per month.
Which provider has the shorter minimum contract?
Simple Mining — 0 months versus 1 months at the other provider.
Who has been operating longer, Hashlabs or Simple Mining?
Hashlabs — founded in 2021 (5 years of operation), while Simple Mining started in 2021.
Do Hashlabs and Simple Mining pay out to my own wallet?
Hashlabs: Daily, direct to own wallet/pool. Simple Mining: Own pool, direct to own wallet. We generally rate direct-to-wallet payouts as the lower-risk option because you hold the keys from day one.
How are the 7.9/10 and 7.7/10 scores calculated?
Weighted formula: price 30%, track record 30%, transparency 20%, support 20%. Hashlabs scores 7.9/10, Simple Mining scores 7.7/10. The full methodology is published at cryptominehq.com/methodology/.
Verdict: which one should you pick?
There is no blanket winner — the right choice depends on your setup:
Beginners
Simple Mining — 0-month minimum term, setup fee: None (30-day hosting deposit), Trustpilot 4.7/5.
1–5 miners
Hashlabs — $0.072/kWh saves about $20.46 per S21 per month over Simple Mining.
10+ miners
Simple Mining — since 2021, track record 7.5/10, facilities in USA (Iowa, 9 sites, >125 MW).
Deep dives: Hashlabs review 2026 · Simple Mining review 2026 · all hosting providers compared · how we rate.
Affiliate disclosure: Some outbound provider links may be affiliate links. They never influence scores — every provider is rated by the same published methodology.