Overview
StripMine operates at stripmine.net and presents itself as a mining-focused tool where users can rent rigs rather than purchase cloud-mining contracts. The platform funnels all hashing power through its internal pool only, solo mining or pointing rented hardware to external pools is not permitted. While the service accepts a surprisingly broad mix of payment rails including Monero, Bitcoin, Lightning, fiat currency, and cash, its actual mining payouts are BTC-only. StripMine also maintains a Tor onion mirror and publishes open-source components, two features that typically signal privacy consciousness. Unfortunately, those gestures are undermined by a draconian identity-verification regime that places StripMine among the most KYC-heavy services tracked in our no-KYC directory.
Privacy & KYC
StripMine's privacy credentials are effectively nonexistent. The platform sits at KYC Tier L5, Mandatory, meaning full identity verification is required before users can access core functionality. This is the highest, most invasive tier in our classification system and immediately disqualifies StripMine for anyone seeking anonymous crypto mining.
- Privacy Score: 25/100, Among the lowest-rated services in the directory.
- Trust Score: 0/100, A flat zero indicates severe structural or operational concerns.
- IP Logging: Confirmed active, User IP addresses are collected and retained.
- Email Requirement: Mandatory, No burner-friendly or email-free onboarding path exists.
The Tor availability is therefore largely cosmetic: routing through Tor does little good when the platform already demands government-issued ID, a verifiable email, and stores connection metadata. For privacy advocates, this combination is a dealbreaker.
Supported assets & payments
StripMine accepts deposits across five distinct channels: Monero (XMR), Bitcoin (BTC), Lightning Network, fiat currency, and physical cash. That breadth is unusual for a mining rental site and could theoretically help users fund accounts without leaving an obvious bank trail, if KYC were not simultaneously enforced. On the output side, however, the platform is rigid: all mining rewards are paid solely in Bitcoin. There is no option to auto-convert earnings to Monero or to withdraw in the same privacy-preserving asset used for deposit. The cash acceptance is notable but ultimately negated by the identity-verification wall; anonymous cash drops become pointless when the recipient already holds your passport scan.
Security & custody
StripMine operates on a custodial model with additional red flags drawn from third-party reconnaissance. Scamvoid's analysis of a related domain, stripmine.org, found no valid HTTPS connection, an alarming omission for any platform handling financial deposits. While the .net domain under review may differ, the overlap in branding and the platform's zero trust score suggest systemic security hygiene issues. Users do not control private keys to mined funds until withdrawal, and community reports indicate a steep $100 minimum accumulation threshold before any payout is released. That structure forces substantial capital lock-up on a service with no verifiable audit history, no insurance disclosures, and no reputation for reliable withdrawals.
Who it's for, verdict
StripMine is not suitable for no-KYC or anonymous mining. The mandatory identity verification, IP logging, and mandatory email requirement place it firmly outside the privacy-centric niche this directory serves. Its open-source tooling and Tor gateway might attract technically curious users, but those features cannot override the L5 KYC barrier. The platform's 4/10 overall score reflects modest utility for fully identified users who simply want rig rental with cash payment options, yet even then, the zero trust score and HTTPS concerns on related domains argue for extreme caution. In 2026, miners prioritizing anonymity should look elsewhere; those comfortable with full KYC have safer, more established alternatives.
