Genesis Mining is a bitcoin cloud mining service that is an easy and safe way to purchase. Monero; In Stock. Bitcoin Cloud Mining Calculator Bitcoin. Calculate Bytecoin, Monero, FantomCoin, QuazarCoin, DigitalNote, MonetaVerde, Dashcoin, Aeon coin mining profitability. Monero can be very profitable to mine, whether it be using a cloud mining service or your own rig from home. Input all the information below, from your hashing power. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. I went in on a small time mining contract with Genesis doing DASH, I bought a $30 USD contract for 2 years, at the time I projected a profit of x2 ($60 USD) at the end assuming DASH doesn’t move in price. So woohoo, I can’t knock x2 profit!!! Unfortunately, all the DASH contracts got sold out soon after my first. I doubt I’ll put any more in, for me it was just an experiment. The BTC contracts sound more risky due to maintenance costs and the fact they cancel them when THEY deem it isn’t profitable anyone. I got a 40TH contract so i can update you when it gets started. Its all a gamble but since i plan to keep my BTC and most of other coins i have for more than a year i figure with the calculation i should get my investment in less then 3-4 month. For Monero i got a 500 H/s for about 440 dollar. Keep in mind that difficulty is keep rising, one factor that you need to consider. Pool fees is around 28-32% make it 32% to be sure, I invested in genesis mining since June and all I can say is they are a legit company. You also need to consider that other cloud mining company change their contract from open-ended to 1 or 2 years contract only for BTC mining. As per genesis mining, they don’t have a plan to change the length of the contract but who knows, if they do that in the future considering the price of BTC is keep rising. Anyways, they have proof of their mining farm that you can check in youtube. Some youtuber manage to enter to their mining facilities.
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With cloud mining you can make money and earn cryptocurrencies without major investment or hassle from direct involvement with hardware or software because we keep everything extremely convenient so you start making money immediately on a daily basis. How much can you earn? Use our easy investment calculator. Mining profitability Calculator - Zcash Calculator, Ethereum Calculator, Decred Calculator, Monero Calculator, Bitcoin Calculator, PascalCoin, Komodo, Musicoin, Luxcoin. An easy to use crypto-currency finance utility used to calculate a ZCash miner's potential profits in ETH and multiple fiat currencies. The calculator fetches price and network data from the internet and only requires the hash rate (speed of mining) from the user. A projected future profit chart is created dynamically and. Mining Zcash can be profitable, however, it can be difficult to calculate exactly how much money you're going to make. We've built this calculator to help you work it all out easily. It's designed to work wether you're using your own mining rig at home or you've opted for a cloud mining service. If you've picked a cloud mining service, input your initial contract fee, any maintenance fees there may be, along with any pool fees. If you're using your own rig, input your power costs in kw per hour (you can find this on an electricity bill or averages in your area can be found online if you're unsure) and hardware costs. The results are estimated below. It will show your profit in four sections; daily, weekly, monthly and yearly. This is based on the difficulty level of Zcash, as well as the exchange rate and price of ZEC to USD. We will also show you the time, in days, it will take for you to break even, taking into account your initial contract fee for cloud mining or your hardware costs for your own rig. More Scrypt Cloud Mining Calculator For Bitcoin Value Graph images. Feed your food craving for the info on 'Bitcoin Cloud Mining Scrypt Php' currently. Bitcoin as well as ethereum are at the top of cryptocurrencies table, however. Many people wished they had not missed the Bitcoin mining bus before the great Bitcoin boom started back in 2013. Back then you could mine Bitcoins pretty easily at home and make a very nice profit on the exchange rate. However since then, the mining difficulty has increased immensely and today it is almost impossible to with your own hardware. The only exception is if you have very low electricity costs and manage to mine efficiently for at least 6 months without any major changes in this competitive landscape. And that’s one of the reasons cloud mining was born A seemingly sophisticated way to allow people to jump on the Bitcoin mining bus without the need of costly expenses. With cloud mining you can rent mining equipment from a company that will give you back the profits from your rented mining rigs. You do not need to deal with the electricity costs, cooling down the miners or storing them, all you need to do is send out a periodical payment and you are all set. Of course this cloud mining idea quickly took off as people are always looking for new ways to make money online, however how legit and profitable are these cloud mining contracts? That’s exactly what I’m about to unveil in the following post. 99% of cloud mining companies are complete a Ponzi scheme How do I know this? Well, I run a website dedicated to helping people get started with Bitcoin and every day I get another complaint about another cloud mining company that does not pay and the website seems to have gone away. Even Gavin Andresen, the previous chief scientist of the Bitcoin Foundation who has now been widely discredited because of his involvement with the charlatan Craig Wright,: “I suspect many of them will turn out to be Ponzi schemes.” Also just looking at our page you can see the amount of and companies that fail to payout. When consider a cloud mining company make sure to due your due diligence on every company you think of investing in. One the tools created for this task is the. If it does not pass the test - do not invest. But even if you do find a legit cloud mining company is it really worth your money? Let’s put one of the most profitable cloud mining companies to the test - Doing the math If you go to and purchase 10Th/s of Bitcoin mining power (SHA-256) it will cost you $1,200 or the equivalent in Bitcoins around October 17, 2016. If I use a Bitcoin mining calculator and try to predict my profits with 10Th/s of mining power assuming I have no other expenses I get the following results: So after one month I make around 0.34172190 Bitcoins (~$217), meaning after 1 year I will make around 4.1 Bitcoins. Seems pretty profitable, this means that I’ll break even after about six months and from there on it’s pure profit. But here’s the kicker, something called MEF - Maintenance and Electricity Fees. For Hashflare they are as followed: The MEF is linear and equals 0.0045 USD per every 10 GH/s of SHA-256 and 0.01 USD per every 1 MH/s of Scrypt. Ethereum contracts are not subject to any fees. So let’s go back to our investment and calculate in the fees. 0.0045USD per 10GH/s per 24 hours = $4.5/day (since I’m using 10Th/s). So in one month this adds up to $135. So now we’re making only $82/m and are breaking even in about 15 months. If everything stayed constant in the Bitcoin universe I’d only get my money back after a year and 3 months. After that I’d be doing $82/m in revenue which is 6.8% monthly interest. However, if you take a look at you see that nothing ever stays constant for such a long time. Exchange rates will fluctuate and mining difficulty will probably increase. Assuming the BTC exchange rate rises you’ll be making more money and so will the mining company. However, if that’s the case then perhaps you would have been better off just holding on to those $1200 in Bitcoin to begin with. And if Bitcoin’s price drops? Well it’s going to take you a lot more time to break even. However since the cloud mining company already cashed out on you as a customer when you signed up they don’t really care. Also, if BTC’s price falls so low that it’s no longer profitable to mine you won’t be getting anything which can make your break even time become infinate. However, the examples given above are actually the best case scenario where the company you invest in actually has mining equipment. Most of the cloud mining site today are unfortunately Ponzi schemes masquerading as legit investments. Usually they’ll just take money from newcomers and pay it out to senior members and themselves until this whole scheme finally falls apart and the site goes down. Bottom line - Cloud mining companies are usually always like a casino - the house always wins. If you do start making profits with them it is after a very long and risky period in which Bitcoin’s price probably went up and you could have made more money by just HODLing. Be careful with your bitcoins! Calculate the profit from mining Ethereum, Litecoin and CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. The calculations of your cloud mining profitability are based on last 10 days performance (rolling frame). Exchange rates are provided. Calculation is based on the following formulas: For Ethereum: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For CryptoNote-based currencies (Bytecoin, Monero, Quazarcoin, DigitalNote, etc.): Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For Litecoin: Reward = ((hashrate * block_reward) / (current_difficulty * 2^32)) * (1 - pool_fee) * 3600. Hacker News new| comments. Login: Ethereum Cloud Mining for Dummies (github.com) 35 points by cdvonstinkpot. I detailed the problems as I saw them as of. Ethereum cloud mining is a popular digital currency among cryptocurrency enthusiasts. Mining difficulty. Is Genesis-Mining worth it for x11 mining? This trading chat comes from the chat box on an active altcoin trading website. There are two opinions on the chatbox. This is a goldmine of information, right from the trading floor, with expert commentary and insight on altcoin rises and falls as they happen, and staying on top will give you tips on early altcoin movements and make you RICH! These people are insane, and trolls and sleep deprived traders, you'd have to be a maniac to trade based on this advice. Either way, we are not responsible from the trading decisions you make, and the gains and losses you experience as a result of acting on any of the insight read here. However, here's some tips to mine the information you want: - Press ctrl+f on your keyboard and enter the coin name you want to see a snapshot of opinion on. Maybe a particular coin has risen and you want to check the market sentiment and wisdom here for why- do a quick ctrl+f search and catchup - When any coin name is mentioned you can click on it to go and see charts and trading summaries. MattShmatt: martincoreinc, hmm not as bad as I thought. We had a 'feels like' 108 today coinkeeper: raysinewave, for sure my Air Conditioner is on while ETC with the gpu =) Randayh75: gf even using here video card to mine. She wanted to figure it out hispano: loving etc. It proved there is people with real principles in community and its a great short-term trading option and a great long-term bet. MattShmatt: huidity 10000% raysinewave: coinkeeper, My ac cant even make a difference addi: hispano, =1 muakenhyoutut: staff? Bonus ETC when deposit ETH? Raysinewave: In fact it gets hotter. Addi: +1 observer: anyone confident etc move past 112? Graph guys and speculators of current trade welcome oldBTC: DARK still got locked with the same exploit right? That is why the eth moved? Shwack: hispano +1 coinkeeper: raysinewave, oh my you must be running a ton of gpu's oldBTC: er um etc moved? Superduperawesome: trollbox is so much fun lol nicholasbrown416: where can you view hashrates? Raysinewave: coinkeeper, its never enough addi: oldBTC, which ETC moved? Futterwacken: muakenhyoutut, it is based on your ETH holdings during HF, you should get the same amount of ETC RedNickBob: ok im out mikeyandcoffee: what is the best video card for Eth? Johnallen239: REgular eth RedNickBob: later all o/ johnallen239: It's moving BjornBB: nicholasbrown416, observer: oldBTC, long day coinkeeper: raysinewave, I'm only running 16 mhs on ETC but its worth it =) hispano: mikeyandcoffee, r9 280x imo oldBTC: addi, the darkdao funds mikeyandcoffee: hispano, ok thanks will check that out. Nicholasbrown416: BjornBB, ty oldBTC: observer, sure is. Like three long now johnallen239: Its showing a fib formation. Look into sequences and series for this analysis Mohammad.a.barakat: oldBTC, the hacked is here raysinewave: coinkeeper, 360 mhs on etc reignchips: smallbit, Futterwacken, hi mods I made a withdrawal for 2 days ago and it says 'completed' but has not appeared in my wallet. Tx is shorts: etc has the same problem like eth before the foundation and devs can dump any time, how ironic nicholasbrown416: stupid question but non fork is etc right smallbit: reignchips, Please file a support ticket at and they will assist you further. Cryptocurrent: nicholasbrown416, yup coinkeeper: raysinewave, nice, I think etc difficulty going to run up sooner than later with the price going up now =) reignchips: smallbit, ok, thank you bawinkl: I've got a measly 140mhs on etc, should be interesting. OldBTC: lol shorts, which is why we should just start a new eth oldBTC: etc is taken Forreeldo: anything with a reputable name like 'Ethereum' is going to do well. King406: nicholasbrown416, yes thefix: coinkeeper, are you just running the normal software? I was thinking I might fire up my old rig KontraK: smallbit, is it possible to change my name to KontraB?:) SuperDuperMan: Hold on to your ETC its tiiime for an overhaul!! Mikeyandcoffee: hispano, there is a lot of R9 280x which one can you recomend? OldBTC: eta etb etc etd ete etf etg eth that should be enough right? Shorts: oldBTC, i make my own eth all foudnation moeny an all from devs and tual and vitalk and hacker and deleted, so good ElmerFUDD: imo ETH bottom out at 2060 then its straight to 2150 Yucayeque: reignchips, SCAM RedNickBob: shorts, raysinewave: mikeyandcoffee, look at gpu shack smallbit: KontraK, Nope you have used your namechange way too many times sir! TimeIsMoney: oldBTC, lol king406: So did all people on polo, lose 1/2 their ETH? Coinkeeper: thefix, yeah the ethminer with a gpu etc smallbit: o/ trolls RedNickBob: is it worth it Futterwacken: smallbit, o/ SuperDuperMan: There's not enough jim carrey in the world superduperawesome: king406, no Lepra: king406, 1/2 how? Smallbit: Good night Futterwacken see you tomorrow! Thefix: coinkeeper, cool, may as well help the hash rate a bit KontraK: smallbit, man that sucks, i have that name now since 3 months. DO you get a message if you try to change it? Shorts: RedNickBob, ok raysinewave: how can they charge more in the summer for electricity its a crime I say. 40% increase this month. King406: confused. I thought people who had ETH, got ETC king406: 1/2 1/2 of each mikeyandcoffee: raysinewave, ok will look at it. KamoKat: where is bottom at on etc.0008? Unrasiert1987: NXT will break out in the next dsys. Maybe hours shorts: RedNickBob, you ask me? I'm not a miner, but i think it's not cheap SirWafflesMcScrappypants: what the hell is classic Futterwacken: KontraK, you've used it too many times, system wont allow it. Superduperawesome: king406, 100% of eth worth of etc smallbit: KontraK, Technical Support, New Requests, Feature Requests, Media and General Inquires. Find it here Lepra: Unrasiert1987, 3000-8000 themightyx: Unrasiert1987, is pretty safe bet for next couple months KontraK: smallbit, k thx SirWafflesMcScrappypants: king smallbit, can you tell me about ETC please? Coinkeeper: thefix, yeah earn some ETC coins as well thanhphampcv: smallbit, How to unlinked another account! Cryptocurrent: SirWafflesMcScrappypants, the real king406: Damn, so everyone basically got a free ETC account, filled with whatever amount of ETH they had? Shorts: etc now most profitable to mine Futterwacken: SirWafflesMcScrappypants, it is the classic ETH, the non-forked one hispano: mikeyandcoffee, as long as it has at least 4GB is enough. I personally use the msi ones, the oc version. But i dont think there's much difference. KontraK: Futterwacken, is there a countdown or something like that when i can change it again? Belfordz66: My GF just posted about withdrawing from steemit NamelessOne: ETC = pump and dump heaven Futterwacken: KontraK, we cannot tell but the system simply wont allow it. Futterwacken: NamelessOne, lets not start that spam please oldBTC: TimeIsMoney, you know that if 'Time is ', 'Knowledge is Power' and Power = Work/Time THEN Money = Work/Knowledge. Coinkeeper: shorts, +1 KontraK: Futterwacken, k, thank you SirWafflesMcScrappypants: so what determines whether or not my ETH turned into ETC? Thanks Futterwacken SuperDuperMan: my eyes are getting too heavy im out, good luck guys KontraK: Futterwacken,:) Futterwacken: KontraK, you are welcome oldBTC: The limit of is infinity as Knowledge approaches zero. Therefore: The less you know the more you make, regardless of the work actually done. Bryan.ning.kho: Do you think has already reached its peak for the year? BIGFLIPPA: ETH being renamed to ETH-HF defgeneric: dump fest on the scam chain oldBTC: make bawinkl: If you had eth when the fork happened, you now also have ETC in the amount at the time fo the fork themightyx: BIGFLIPPA, stfu raysinewave: test.0011? KontraK: BIGFLIPPA, i hope so NamelessOne: lemme reword that. ETC = where PD'ers go to become saints TimeIsMoney: oldBTC, i appreviatevthat you like my name ekojenov: Futterwacken, why my withdraw status is 'awaiting approval' for 28 hours? Check please Futterwacken: SirWafflesMcScrappypants, if you have ETH here in polo during the HF, you will be credited ETC of the same amount. OldBTC: TimeIsMoney, totally BlueBills: ETH should be renamed to bailcoin hopin: defgeneric, yeah ETH will dip hard BIGFLIPPA: biggest scam in history was to get fools to dump the real ETH for pennies and then wash out the new scam chain cryptocurrent: ETH gonna down lennontime: What's up wit? Themightyx: ahh it is about that time for the ETC shills to come on and start Hyping SirWafflesMcScrappypants: Futterwacken, any good site you can direct me to on fundamentals of forking? Themightyx: thought it didn't start till later in the evening iamabanana: skyefox03, watching SuperDuperMan: BIGFLIPPA, +1 Futterwacken: ekojenov, there are many factors that can cause that, dont worry it will be processed within 24 hours oldBTC: eth will go up its full of hot gas BIGFLIPPA: Whos getting sued? The foundation and slock.it are shorts: BIGFLIPPA, what if whales keep eth price up? Truckman78: it's not a bail out. No went to pay for reimbursement. Futterwacken: SirWafflesMcScrappypants, sorry but I am not the best person for that coingun: Fork: When one blockchain splits into two blockchains. Iannash: how long do deposits take? Iamabanana: shorts, guess users can run on etc at discount BIGFLIPPA: shorts, you cant hold up a 1 billion dollar market cap oldBTC: shorts, that is likely vasily.prihodko: I did not receive a deposit from the pool #56767 SirWafflesMcScrappypants: coingun, so when does that happen for ETH thanhphampcv: Futterwacken, how to unlinked anther accounter? Martincoreinc: iannash, too long lol.1-30min shorts: BIGFLIPPA, why not? BIGFLIPPA: once market sentiment turns its game over SirWafflesMcScrappypants: i thought it already happened coingun: that happened at block 192000 or something lennontime: ETC is just funny people are throwing around pretty obvious insiders incrypto are cashing out at noobs expesne Futterwacken: thanhphampcv, please contact our support team themightyx: lennontime, obvious but many investors are noobs and can't do their own research iamabanana: lennontime, insider where people vote to give themselves more via bailout? Coingun: yeah it has already happened. So any coins that haven't moved since before that block that was the HF are available to use on either chain. GrayFox: lennontime, insiders are holding, outsiders are selling KontraK: The ETC buy orders increased by 100% in 8 hours. The volume is half of the forked ETH volume. This thing could get veeeery interesting guys shorts: whales been keeping eth above 1 billion market cap for months now coingun: it's all about when the last time the coins moved. Lennontime: iamabanana, you are right. Dumb on both sides SirWafflesMcScrappypants: coingun, now i just have more questions, lol BlueBills: ETC more profitable to mine then bailcoin so there is that agoristnomad: lennontime, i am it at a better profit than Eth Futterwacken: POLO TIP: Spamming buy/sell, pump/dump, moon/doom, scam will get you banned from the Trollbox. Please refrain from that sort of HYPE/FUD. Shorts: etc should also not reach 1 b even if it wins oldBTC: KontraK, what on one exchange with 5% hash at its best martincoreinc: KontraK, so true.it might take off again NamelessOne: BIGFLIPPA, if whales = market majority. Market sentiment can't be turned coingun: so lets say the hardfork was at block 123 iamabanana: lennontime, i own both sides, and about 20 other sides lol, i'm watching with amazement coingun: if you had coins that haven't moved since block 100 mlandersRN: coingun, or used on both chains if done right coingun: and now there is two forks one at block 125 and one at block 130 NamelessOne: BIGFLIPPA, just sayin'. Shorts: the 1 b marketcap could only be reached after 15% of supply on hte market was drained into locked lennontime: GrayFox, ok I think as soon as that ETC from hacker hits the market good bye..it will happen hours before hacker gets CaptAhab: When will Classic be traded? Coingun: technically your block 100 coins are useable on either chain as they haven't been commited to one or hte other. Artem.zharuk2014: ready to 80k by ETC lennontime: agoristnomad, it's a good short term play no doubt. GrayFox: lennontime, hacker is currently negociating with the ETC community for partial liquidation ElmerFUDD: ETC will be the of the network SirWafflesMcScrappypants: ALL THIS CLASSIC *bleep* MAKES ME FEEL OLD, DAMN shorts: if the 12 M coins are rleased it means marketcap will drop significantly unless Futterwacken: SirWafflesMcScrappypants, caps off please yashar-31f4: GrayFox, where does it say that? Shorts: tons of new fiat rescues the price SirWafflesMcScrappypants: Futterwacken, sorry lennontime: GrayFox, lol! KontraK: oldBTC, just wait mate;) i am not invested wether in ETH or ETC, but i hope ETC will win;) shwack: what if the attacker hodls lennontime: GrayFox, more evidence how ridic ETC is agoristnomad: lennontime, it pays to be flexible with your miners:) shorts: ok that's all children, dont forget to do your homework hustler: classic always wins at the end of the day whether its classic or classic yashar-31f4: lennontime, he's lying coingun: it's funny to me that all these people trade 's but don't understand a block chain. LOL observer: SirWafflesMcScrappypants, im holding and trying to learn. Its incredible though. 4 - 5 days old in trading alts and so much ore interesting lennontime: agoristnomad, yeah for sure. As a minor you're doing the best thign Cowpatties: Are you on the Shillbert side ETC or the Semens side ETH. I'll stick with Shillbert Futterwacken: PRO TIP: Watch out for HYPE/FUD spam. It is not usually in YOUR best interest, dont trade with emotions. Research, ask questions. Protect yourself. OldBTC: lennontime, how can that happen if the work is done on the darkdao to stop them? Wasnt that done isnt that why it left the etc account BIGFLIPPA: theres a bull coming to this china shop Lepra: lennontime, he dont have that much as u think.only 7 mil.40 mil traded in last 2 days. Agoristnomad: lennontime, short play - long play - doesnt matter GrayFox: lennontime, that is how insiders do it, outsiders hardfork truckman78: xrp - speak its name and the rippler appears xrp xrp BIGFLIPPA: and that aint a bull flag lennontime: yashar-31f4, about hacker comments? Sneaks: lol dat wall @.0008 iamabanana: Cowpatties, I wonder if satoshi would side with bailout side after writing all that anti-bailout stuff in first haha, so obvious agoristnomad: lennontime, and for you Eth supports - I still mine that too:) martincoreinc: etc braking the tip again? Shorts: BIGFLIPPA, let's see how loyal the china bulls are, but in a dutch auction loyalty doesnt pay off:) oldBTC: here we go for lift truckman78: Rippler? Now I feel alone Cowpatties: iamabanana, doubtful? Nanative: omg, etc has half the trade volume of eth!! This is insane!! Dumpbusters: ETH is a mess lennontime: Lepra, ha! Futterwacken: PRO TIP: Some rely on charts, others rely on Trolls. Choose your TOOLS wisely when determining which direction a market will. Research, protect yourself! Shorts: etc vs eth is the craziest battle in history so far, feel blessed to watch it live Lepra: lennontime,;) lennontime: GrayFox, ha interesting perspective ChuckSRQ: New ETC online here;) iamabanana: Cowpatties, he literally copmplained about bailouts in the very first block, entire reason for btc - make bailouts visible and people can revolt CaptAhab: Can someone do CPR on XRP? Oden: gn8 and gl with your eth longs GrayFox: shorts, this is why you never go full HF. Cryptocurrent: It would be wise for the 'attacker' to make a smart contract that slowly releases the ETC so it doesn't spook the market. It would really be a win win. Dumpbusters: CaptAhab, clear! Lennontime: agoristnomad, yeah don't hold ETH please don't Cowpatties: shorts, agree. • • 2017-09-25 • As you can miinng, using the best scrypt mining hardware currently available on the market, we can build a fairly low risk investment in the future of crypto-currency. Mining Hardware List Essentially, a Litecoin mining rig is a sxrypt PC with parts chosen for maximum hash rates determines how fast you can mine and minimal overall cost. Monitor, Mouse and Keyboard to install the OS and configure the mining software, no need to buy more than one set since you only use this for setup Total Cost: Plug in the hard drive or optionally a USB thumb drive. Plug in all power supply connections Place motherboard in plastic milk crate. How to build an Ethereum mining rig Tuesday, 13 Jun A word on Bitcoin mining: The number of plots you store is effectively your mining speed — the larger your hard drive, the better. Plug in all power supply connections Place motherboard in plastic milk crate. Check all connections once more Start up your rig! Depending on times its probably going to take you a week or so to get all the pieces and then another half a day fiddling with configurations etc. No crossposts to other crypto subs unless the information is also relevant to Litecoin. You need to sum up the power consumption of your GPU and all the other components and make sure your power supply has the capability to supply more! Eth right now is valued quite high compared miningg its difficulty. Hardware Learn what components give you the best bang-for-the-buck when it comes to litecoin mining. The asrock atx 32gb ddr3 lga motherboard anniversary edition is recommended by Ethereum Mining Rig specialists. Make sure the fans are doing their job. Start the mining software, tweak for maximum hash rates and mine some Litecoin! A word on Bitcoin mining: Several people come to this site every day, looking for directions to build a Bitcoin mining rig. Unfortunately, GPU-based Bitcoin mining rigs are no longer profitable, due to the introduction of ASIC miners. HashFlare is a bitcoin cloud mining platform that promises fixed fees, instant withdrawals, and multi-pool support. Read our HashFlare review to find out how it works. Hashflare.io Review. Siberian Timber, that is importing redwood pine for the UK market. The Hashflare miners. As Hashflare provides cloud mining for 5. Last updated June 13, 2017 Want to find the best Bitcoin cloud mining contracts? This post has you covered. Most Bitcoin Cloud Mining Companies are Scams Like the heading says, most cloud mining contracts are scams. Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually owning any hardware. So remember: 99% of cloud mining companies are scams. Which Companies Are Not Scams? There is only one cloud mining company we are willing to recommend on this site:. Just because they are not scams, however, does not mean that you will make a profit by buying contracts. Note: You need a wallet to receive payouts to. A secure hardware wallet like the is a good option. Genesis Mining Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. You can read more about Genesis Mining on their. Offers three different Bitcoin mining cloud contracts. All plans are paid with a one time payment and are lifetime contracts: Gold: 100 GH/s plan that costs $19. Platinum: 2,000 GH/s plan that costs $340. Diamond: 10,000 GH/s plan that costs $1,600. Is Cloud Mining Profitable? It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all. You will get more bitcoins for your buck if you just! If you think mining is cool and want to try, then cloud mining still is not a good option. Grab a and run it at home. Just Want Bitcoins? If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Get $10 worth of free bitcoins when you buy $100 or more. Bitcoin Cloud Mining Comparison There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above. But check back in to see if we find any new, legit cloud mining companies. Bitcoin Cloud Mining Scams History The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website. Once the website is setup it can claim that the company has a large mining facility. The company can act legit by sending initial payments to its customers. But after that it can just keep the already received payments for hash power and then make no further payments. In just the last few months, two cloud mining scams were uncovered: and. What Payment Methods do Cloud Mining Companies Accept? Most cloud mining companies accept Bitcoin, PayPal, and. If a cloud mining company accepts bitcoins then there is a good chance it is a scam. This is because Bitcoin payments cannot be reversed. Once the scam company receives your bitcoin payment you have no way to get your coins back. • • • • • • • • • • • • Are there Free Cloud Mining Trials? No company would give away free cloud mining; this is basically giving away free money. Any company offering free trials, especially if they require payment information, is most likely a scam. How does Bitcoin Cloud Mining Work? Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse. You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased. Cloud Mining Viruses There that land on computers and then use the computers’ power to mine bitcoins. Run a malware detector on your computer if you think you may have come under attack. Just buy Bitcoins! If you just want bitcoins, don’t bother with cloud mining. Con: • Maintenance fees for litecoin and bitcoin • In case of wire transfers they charge a commission fee • Short FAQ section turns cryptocurrency mining accessible to everyone. There is no need to buy expensive and complex mining equipment, Hashflare wants to make mining accessible for all users around the globe no matter of age or background. The clients only need to select a desired hashpower and start generating revenue right away with the Hashflare cloud mining service. Earnings with cloud mining becomes more predictable with Hashflare than it used to be during traditional bitcoin hardware mining. The hashrates starts from as little as 10GH/s, so new clients does not need to invest a lot of funds to join the cloud mining business. About Hashflare The Estonian Hashflare is has been founded in 2014 in Tallinn and providing cloud mining services since the beginning of 2015. The technology behind is powered by the HashCoin team that is dealing with blockchain solutions and hardware since 2013. They have been producing ten thousands ASIC miner devices for mining bitcoin, litecoin and other digital currencies. Hashflare partnering with HashCoins ensures continuously developing new mining hardware that is up to date with the newest blockchain technology. The innovations are financed from the companys own share capital, but they also have special investors who provide additional funding to the startup. The founders of the company are two Estonian digital entrepreneur. Has a Business Administration degree and has several years experience in cryptocurrencies. Beside running Hashflare and HashCoins he is also the founder and CEO of Burfa Capital, an Estonia based consultation agency. The other founder of Hashflare is also has a Bachelors degree in Business Administration from the Tallinna Technical College. Beside Hashflare he is owning a company with a much different profile: Siberian Timber, that is importing redwood pine for the UK market. The Hashflare miners are located in a hi-tech, modern facility, where the room temperature and moisture is constantly monitored according to industry standards. This ensures maximum hashpower capacity without the danger of overheat. Hashflare on Social Media • Facebook: • Twitter: • Instagram: Coins: bitcoin, litecoin, ethereum, zcash, dash Address Hashflare, Tartu mnt 43, Tallinn 10128, Estonia Services Provided Scrypt, SHA256, Ethash, Equihash and X11 algorithms are all running on the GPU equipment provided by Hashcoin. The contracts are all available from 24 hours contract time up until lifetime accesses, except for Ethereum and Zcash where the length of the contract is maximized in 1 year. The cloud mining results at Hashflare show up on the client accounts immediately after payment confirmation and the client receives the first payout just 24 hours after the first block mined. Clients can choose the withdrawal methods from bitcoin, credit cards and wire transfers. The Hashflare mining contracts can be signed from one day up to unlimited time. Clients may use Hashflare services as long as they wish to do, there is no time limit applied. Users allocate their hashpower directly to the mining pool they wish to serve in. At Hashflare, users can join any mining pool they with to do, so the most profitable combination of cloud mining activity can be reached for any client. Then the mined cryptocurrencies are distributed among the Hashflare customers based on their share they bought at the company (PPS method). At registration, Hashflare asks for the country of residence and for the date of birth as well beside the usual user name and password. This information is only used in case of security questions asked if they think the account has been compromised. Hashflare also provides detailed, real-time statistics about the mining activity. They are running a partner program, where the clients can earn up to 10% commission on each purchase of the recommended new user makes. Fees and Pricing Schedule As Hashflare provides cloud mining for 5 different algorithms, the pricing is tailored to each cryptocurrency individually. Users may start cloud mining as little investment as $1.20. The fees are based on hashpower and also they apply certain maintenance fee also based on the supplied hashpower during a 24 hour window. Maintenance fees are only applicable for Scrypt and SHA256 mining, users mining Ethereum, Zcash or Dash cryptos does not pay any maintenance fee at all. Although on the other hand, these later three currency contracts are only avaliable for 1 year term. Zcash cloud mining has only limited supply at the moment as they only maintain the mining activity until it is profitable for the users. Cloud mining prices are expressed in the form of minimum hashpower provided: • Bitcoin with SHA256 algorithm costs $1.20 per 10 GH/s, • Litecoin with Scrypt algorithm costs $8.20 per 1 MH/s, • Ethereum with Ethash algorithm costs $2.20 per 100 KH/s, • Zcash with equihash algorithm costs $2.00 per 0.1H/s, • Dash with X11 algorithm costs $3.20 per 1MH/s. Hashflare charges a maintenances fee of $0.01 for 1MH/s litecoin hashpower and $0.004 for 10 GH/s bitcoin hashpower daily, after each 24 hour long mining period. These maintenance fees are not billed to the customers, but deducted directly from the mining results at daily payouts. The fees are deducted in bitcoin based on the daily BTC/USD exchange rate provided by Hashflare. The cloud mining company accepts wire transfers in USD and EUR, although they charge an extra 10 EUR commission fee on all purchases below 50 EUR. VISA and Mastercard are also accepted payment methods but they apply a 3000 USD limit per daily purchases for these. Due to customer protection, on the accounts where the hashpower is purchased with credit cards, there is a 14 day holding period, when the accumulated mined currencies cannot be withdrawn from the account. The immediate payouts are appearing on those accounts where the hashpowers are purchased from bitcoin. Hashflare only allows withdrawals beyond the minimum set for bitcoin at 0.0004BTC and for ethereum at 0.0007ETH. At withdrawals they only charge the transfer fee to the blockchain that is 0.0003 BTC and 0.0006 ETH respectively paid to blockchain. Hashflare.io User Experience Hashflare.io has a space themed website where it is easy to navigate. The landing page provides all the necessary information for the cloud mining service they offer. Clients like the user friendly interface and the low initial cost of the cloud mining that Hashflare provides. Although sometime issues arise, according to the user feedback the support team handles all problems quickly and diligently. The Helpdesk is operated through Zendesk platform, so they make sure all issues are taken care of. The FAQ section does not have too many prewritten questions, but includes the most frequent ones and also has a search functionality so users can find solutions quicker. Hashflare care about security. For DDOS protection they are using CloudFlare services and they also recommend for users to use two factor authentication. The website is available in 11 different languages, beside English, Russian, German and Portuguese, the Greek, Turkish, Japanese, Chinese customers can read the pages on their mother tongue. Overall Conclusion Hashflare has a very strong hardware background with the cloudminers supplied by HashCoin. They offer cloud mining for five different cryptocurrencies. The contracts last as long as the mining activity – after the maintenances fees charged – is profitable for both bitcoin and litecoin. Hashflare is a good cloud mining choice for those who want to try crypotcurrency mining but doesn’t want to invest too much money upfront as their minimum plan is starting from $1.20. Due to their fee structure however cloud mining on a big scale at Hashflare can become very expensive. Pros • immediate payouts if hashpower is purchased from bitcoin • unlimited contract length • partner program Cons • maintenance fees for litecoin and bitcoin • in case of wire transfers they charge a commission fee • short FAQ section. December 2017 ETH Miner point of view: I went to HF looking for another option to Gen There were stable and platform looked good. Now with the whole BTC crazy, they keep raising and lowering the withdraw limits and I am only mining ETH. Payment was received and fees are ok, but, the raising and lowering of min payment amounts is getting out of control. There are always messages: “Dear users, Creating new Bitcoin withdrawal requests is temporarily disabled due to a very large number of not broadcasted and/or unconfirmed transactions still pending on the side our provider, block.io. Read more from our newsletter here.” OR “Dear users, As the workload required to complete the payouts is significantly higher right now, the process now runs from 00:00 to 13:00 UTC.” Some places like Nano pool min withdraw is 0.05 ETH, HF used to have withdraw at 0.001 ETH now jumped to 0.1 ETH. Yes still small for all the players that are coming in and area already in the market. For for someone that was is learning this up and down, lack of consistency on the withdraw, and slow support. Makes me start to looking back into Genesys or for a third option. December 2017 I agree with below they keep posting, as of this morning the min amount for ETH cash out is 0.1 As in the past I was able to regularly 0.001, I know we are small fries compared to the big whales, but its our moneywe paid for the server. Compared to others their interface is good. But why should I invest in bigger mining contracts? As far as I nowif they raised the minimum to 0.1 ETH they can soon raise again to 5 ETH and so onwatch out “s the workload required to complete the payouts is significantly higher right now, the process now runs from 00:00 to 13:00 UTC.” “Alberto Y Acuna, 9. December 2017 I have 0.00443109 BTC to withdrawall Theirs said minimun to withdrawall is 0.0115 When click on withdrawall Read: No enough funds Ridiculus. The amount to withdrawall is much more that the minimun This is a SCAM. Theirs not answer the Tickets and no give a solution”. Crypto Wizard, 15. January 2018 Hi guys. Cryptocurrencies is the FUTURE of money. If you invest correctly today, you will make huge amounts as time goes. Since trading cryptocurrencies is very risky due to human beings’ emotions, a good alternative is to buy Bitcoin mining contracts and start earning passive income today. Starting small is okay. For example, if you invest $5k in a Biocoin mining contract with Hashflare today, you will recoup your investment in a bit over three months. The estimated total amount you earn during one year is about $16k to $17k based on conservative calculation. The more you invest, the more you earn, 24 hours per day, 365 days per year. Not to mention that you can always reinvest your earning and make more due to compounding effect. Considering Biocoin price will go up, this investment can only get better. Levent Gun, 20. January 2018 I am using Hashflare since December 2017. At the beginning everything was going well. Then I have started to face some problems. They have increased each day the maintenance fee. It was 13.52% then it has reached up to 25.8% which is too high. Each time I have changes to get better hash rate efficiency, I have end up with lower Hach Rate%. Which is not understandable. I have analysied each pool performance to get better rate but it allways end up with worse. I have made wire transfer at January 2nd. After waiting long time to get additional Hashrate, I did not get anything. I have written several e mails to get fixed the problem. Until today it is not solved. The wire transfer has been done. I did not get any hashrate and no money pay bach as well. And the worse thing I did not get any clear explanation what is going on too. So, there are what I have faced with with Hashflare. Under this experience, I would recomend to be far away from this mining facility. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it’s profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. 29-3-2014 The CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Bitcoin Profitability Calculator – BTC Mining Profit Calculator. Enter your set up information in the form below. 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Vanuit mijn research blijft mijn voorspelling nog steeds een opwaartse trend naar minimaal 2000 euro in 2017.Convert amounts to or from EUR (and other currencies) with this simple Bitcoin calculator. Start trading Bitcoin (BTC), XRP, Litecoin (LTC) and Ether (ETH). Ledger Wallet - Products list: hardware wallets andThe History of Bitcoin is a timeline that illustrates Bitcoin History from the very beginning all the way to present day. View detailed information and charts on all Bitcoin transactions and blocks. Bitstamp kurs euro ‹ Bitcoin wallet / Bitcoin trade bitcoin| Maarten Verheyen - aandelen.com Bitcoin - Open source P2P money Hoe kan ik geld verdienen met de Bitcoin koers volatiliteit?China-based cryptocurrency exchange Yunbi has announced the closure of its trading operations in the midst of a wider crackdown within the country. Monero can be very profitable to mine, whether it be using a cloud mining service or your own rig from home. Input all the information. Are using a cloud mining service. The results of the calculation are estimated below, based on the current difficulty level of Monero, as well as the exchange rate and price of XMR to USD. Hashing24 is a Scotland based cloud mining service provided which is using ASIC miner chips from the newest series to keep mining profitable. Their mining farm is. Are set in US dollars. After each 20 GH/s power purchased, clients pay 0.0066 USD maintenance fee that is a relatively low fee compared to competitors. Con: • Withdrawals are available from 0.01 coins, including bitcoins too • Only bitcoin cloud mining is available • The minimum purchase is 20GH/s makes cryptocurrency mining affordable and profitable for anyone. They provide a possibility to join their pool for a low fee and mine 14 different altcoins. Bitcoin cloud mining is also available through their partnership with Hashing24. The hashing power is interchangeable between the coins with their smart mining contracts so the users always get the highest possible profit that can be achieved. About Minergate Minergate mining pool has been created by a group of cryptocurrency enthusiasts. They have started with bitcoin mining but soon expanded the pool for multiple altcoins and introduced the option to simultaneously mine different coins without the decrease in hashrate. Minergate is not listing it’s owners and founders on their platform and the company’s location is unknown as well. Minergate CEO, Claude Lecomte is frequently appearing on cryptocurrency sites to share his view on bitcoin, altcoins and blockchain technology. However apart from crypto blogs, Lecomte’s professional background is not on the internet. Therefore it is not known who owns or who are running the company. The hashpower for bitcoin cloud mining is provided by Hashing24 company. Hashing24 is a Scotland based cloud mining service provided which is using ASIC miner chips from the newest series to keep mining profitable. Their mining farm is located in Iceland and Georgia. They are using air and immersion cooling technology in order to keep costs at a low level. Minergate on Social Media • Facebook: • Twitter: • Google+: • Instagram: Coins: • cloud mining: bitcoin • mining pool: 14 cryptocurrencies Address: N/A Services Provided The main function of Minergate is the multi-cryptocurrency mining pool. With their software, miners can join their pool and choose from the various altcoins or let the system choose for them. Due to the automine function that they call as smart mining contract, it is possible to automatically mine the most profitable coins from the hashpower purchased or ownerd. In order to use the service, Minergate charges 1%-1.5% pool fees. Payouts are based on PPS or PPLNS methods that is deducted from the daily earnings. Minergate also offers cloud mining services for bitcoin through the contracts provided by their partner Hashing24. The hashpowers can be directly purchased from Minergate website after registration. On the Dashboard, clients can setup the mining plan by purchasing the amount of hashpower desired. After choosing the right package, on the payment details page a unique bitcoin address is provided where the price of the contract should be transferred to. Minergate only allows bitcoin as payment method, there is no option to pay by credit card or wire transfer for the hashpower. The minimum purchase amount for bitcoin cloud mining is 20GH/s. The contract is not starting if the payment on the provided bitcoin account is below the price. Also, the maintenance fee is deducted from the account daily and if there is not enough funds on the account for 3 consecutive days the mining contract is cancelled. The earnings are starting 24 hours after the contract has started. Users receive the earnings from cloud mining as soon as the block is found and added to the blockchain, the payouts are happening daily. In order to increase security, Minergate uses email confirmation for all transactions, including payouts and purchases. The lowest threshold for withdrawals is set to 0.01 coins for each crypocurrency, including bitcoin as well. This withdrawal threshold is high considering the bitcoin price is much higher than the rest of the coins, so in order to cash out the invested money, clients have to wait until enough money is gathered on the account from the mining. And mining 0.01 BTC in these days either require a lot of hashing power of a lot of time. The Google Play application lets the users monitor their mining activity on their smartphones from anywhere at anytime. Minergate offers various charts and tables to monitor the performance of the mining pool. They also have a detailed information sheet about altcoins, it’s specifications, strenghts and weaknesses that can help the clients to choose the optimal altcoin combination they this is the most profitable. Fees and Pricing Schedule Clients are able to purchase bitcoin cloud mining services starting from 20 GH/s. This minimum purchase is much higher compared to other cloud hashing companies, which usually offers cloud mining from 1 GH/s. At Minergate, clients can buy cloud mining contracts up to 1 million GH/s. Considering the size of the biggest contract, probably in that case the full capacity of Hashing24 miners are purchased all at once. The price of bitcoin cloud mining is a linear function of the hashpower purchased. • 20 GH/s bitcoin cloud mining costs 0.0034 BTC • 100 GH/s bitcoin cloud mining costs 0.017 BTC • 500 GH/s bitcoin cloud mining costs 0.085 BTC While the cloud mining contracts are priced in bitcoins, the maintenance fees are set in US dollars. After each 20 GH/s power purchased, clients pay 0.0066 USD maintenance fee that is a relatively low fee compared to competitors. Minergate User Experience Although the main profile of Minergate is not cloud mining, they make the process of purchasing hashpower quite smooth. The FAQ section has all the details, although the prices are only disclosed after registration. The calculator showing the price of the possible contracts are easy to use and very transparent. Minergate website is professionally built and easy to navigate on. Although the option to purchase bitcoin hashpower is hidden deep in the site, the FAQ section has very clear guidance how to find that specific ’Buy’ button. Which eventually makes their sales revenue, so they better have it written clearly. Overall Conclusion Minergate is a multicurrency mining pool that recently started to provide cloud mining services for bitcoin. Even though their main activity is not cloud mining, the FAQ section perfectly describes the process how to buy contracts and what are the conditions in a plain, transparent language. The pricing is very straight forward, although the minimum purchase threshold of 20 GH/s means first time users have to commit themselves in order to try the service. Overall Minergate would be a very promising cloud miner on the market, however the lack of information on the company should warns users whether the cloud miner is operating legitimately. Pros • 14 different altcoins are available in their mining pool • transparent pricing structure • low maintenance fee Cons • withdrawals are available from 0.01 coins, including bitcoins too • only bitcoin cloud mining is available • the minimum purchase is 20GH/s. Landibart, 20. December 2017 The reviews below are correct tho one reviewer is a bit zealous lol. Ya They are taking so much of your profit it would be better for them to have fully ran. I reinvested to gain 1047 GHS the other similar one is making take 2.25-2.60 GROSS over 3 bucks daily.depends on the price. My new contract first payment not 2.25 even. Not even close.60 cents. I thought was a glitch I mail support they said no discrepancy.seriously. They expect over 1/3 your money in mining fees? Difficulty increase 2 times a month not long before contract is gone.AND before that will take forever to get.01 to withdraw. SCAM they think we cannot do a thing about it lol. Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Time Frame XMR Coins BTC (XMR/BTC at 0.02808406) USD (BTC at $11,794.60) Power Cost (in USD) Pool Fees (in USD) Profit (in USD) Hourly 0.00071103 0.00001997 $0.24 $0.06 $0.00 $0.18 Daily 0.01706464 0.00047924 $5.65 $1.44 $0.00 $4.21 Weekly 0.11945245 0.00335471 $39.57 $10.08 $0.00 $29.49 Monthly 0.51193906 0.01437733 $169.57 $43.20 $0.00 $126.37 Annually 6.22859194 0.17492415 $2,063.16 $525.60 $0.00 $1,537.56. This is my review after upgrading my BTC mining to 10.16 TH/s with Genesis Mining. This post is based on my experience and results thus far with Genesis Mining. This post is not meant to be investment advice. Your results may vary based on the many factors associated with cryptocurrency mining contracts. This post is an update to my ' post made 7 days ago. Why Bitcoin Mining Bitcoin mining will continue until the number of Bitcoins reaches 21 million. Abacus?) How to get a. Genesis and Hashflare cloud mining. The rest are all scams including genesis and hashflare. When mining with nicehash you are. HashFlare.io offers cryptocurrency cloud mining services on modern, high-efficiency equipment. It is estimated that the last Bitcoin will be mined in the year 2140. The Bitcoin mining contract offered by is a lifetime contract. Next Halving Bitcoin halving events occur every 210,000 blocks, roughly every four years. The clock currently has the next having occurring in June of 2020. I was Bitcoin mining during the last Bitcoin halving. Yes, my payout did get cut in half but it recovered when the price of Bitcoin rose. Consistent Stream of Income I have been mining with since June 2016. Mining with Genesis has given me a consistent daily income stream. And that is my goal to have a consistent income stream. Current Hash Power and Returns I initially started Bitcoin mining at with 0.15 TH/s. After about 7 months at this rate to assess the viability and reliability of, I decided to upgrade my hash rate. I bought a contract to add 10 TH/s to my overall hash rate for mining Bitcoin. A fellow Steemian was kind enough to use my affiliate promotion code, Q1MYO7, for a 3% discount off their upgrade purchase. Their upgrade purchase gave me another 0.01 TH/s of hash power. The current price of Bitcoin at the time I am writing this post is $922.64 USD per Bitcoin. The following chart shows my last six payouts. 'Payout (USD)' is the price quoted at the time of the payout. Payout Date Payout (BTC) Payout (USD) Current Price (USD) 24-Jan-17 0.00336605 $3.08 $3.11 25-Jan-17 0.00330297 $2.96 $3.05 26-Jan-17 0.00326057 $2.95 $3.01 27-Jan-17 0.00332719 $3.06 $3.07 28-Jan-17 0.00337444 $3.11 $3.11 29-Jan-17 0.00335673 $3.10 $3.10 My average daily payout with 10.16 TH/s has been 0.00333133 BTC. In the following graph I plotted the individual daily payouts with the mean and upper/lower statistical limits (USL/LSL) two standard deviations from the mean. Created Using MS Excel The past six BTC payouts since upgrading to 10.16 TH/s have been consistent. I will continue to watch the payout consistency. Of course the next halving event will reduce the BTC payout. Based on these statistics I estimate I will recover my initial investment in 446 days or 20 April 2018 which is well before the next halving event. The following chart to examines the long term potential payouts. I used the following assumptions: • Halving events occur in May every four years, 2020, 2024, and 2028. • The price of Bitcoin in terms of USD doubles every four years. Here is my last update: My best days of mining with Genesis Mining contracts are $70 USD/day when BTC is reaching new highs. My average daily payout from Genesis Mining is now between $50 to $60 USD/day. There was a week where Genesis Mining postponed payments due to an intrusion by a hacker. Payouts have resumed and from what I am seeing, the Genesis Mining payouts are catching up. Just based on my payouts, I can imagine Genesis Mining daily payouts are in the millions of dollars. If I were paying out that much, I would want to do a careful audit too before distributing the payouts. To my friends and anyone who asks, I recommend the BTC and X11 (Dash) mining contracts at Genesis Mining. They ran out of X11 hash power to sell, but it should be available again in the near future. I have an Ether Mining contract(s) with Genesis, but do not think I will break even. This is why I do not recommend those contracts. If ETH spikes up to $1,000 USD in price, the contract may payout better. I do not think that will happen. If the X11 contracts are not available in August when I start my upgrade cycle again, I will be upgrading my BTC mining contracts. At my current rate of return, I will break even on those mining contracts well before the next BTC halving event. That's my current update. Have a great weekend! Steem on, Mike. Thanks for the update. I still feel there is much opportunity to lose money if conditions are not favorable all the time. If the price of lets say $BTC drops for 6 months, then payouts will drop significantly. Do you know what the time decay looks like on a 2 year contract. For example, how much do daily payments drop on the last month of the 2 year contract vs the first month on the contract? What is the profit margin on $BTC mining until break even? I'm still trying to understand why cloud mining is not a gamble and a good way to lose money in uncertain market conditions. Any additional insights by the Steem community would be very helpful for me to better understand how cloud mining works. I do expect the returns to dwindle in terms of number of coins mined over time as the difficulty rises. But I also expect that to be compensated for or even eclipsed by the rising price of BTC in USD over time. The biggest hurdle to BTC mining is the next halving in June 2020. I think the return on investment will be fine as long as BTC contracts are bought at least two years before June 2020. At least for the rest of this year, I will continue to purchase BTC mining contracts from Genesis Mining. Have a great weekend! Steem on, Mike. Hi etcmike & everyone else. Hashflare.io have some BTC contracts available still. (Feel free to use my referral link here ). I don't believe it gives you any discounts tho:(. I have one question regarding Genesis-Mining and their Ethereum farm. What will happen when Ethereum goes PoS? I hope they have a backup plan because they advertise that they have the largest Ethereum mining farm in the world. It make me a bit skeptical on what they are going to do and how it will affect their overall operations. Thank you for that insightful post. I'm also mining at genesis, but I see steadily decreasing my payouts (due to rising difficulty). I've calculated that I won't reach break-even (in terms of invested BTC) if payouts continue to decrease like this. What have been your experiences so far? Did you net the amount of BTC that you have invested? I feel like you have to upgrade constantly (and rely on promo-codes), otherwise you won't be able to gain profit. Is it just me or did you make a similar experience? Have a nice day! Before people started giving me their promo codes to add to my rotation list, I would have happily taken you up on your offer. Since I have so many people on my rotation list, my upgrades are at the lower end (up to ~ $100) so that I can get through my rotation list and help more people. Thank you for the offer, but I promised to use the codes in my rotation list. I try to keep my promises. I would be glad to add you to my rotation list and will let you know when I use your code. Have a great weekend! Steem on, Mike. One of the first contracts I bought on GM was a 1-year (yes, one year) Ether mining contract. I LOST MONEY on that contract, to the tune of over $100 USD. I put a little money (several hundred dollars) into GM and after losing everything in HashOcean. I let the money ride in GM for about six months to assess the viability of GM and the payouts. I have not bought any Monero contracts from GM. The Monero contracts I have are from people using my promo code to buy Monero contracts. I direct the money to Litecoin, because I think it has more potential than Monero in the near-term (I could be wrong). I upgraded my BTC contracts before the price rise in BTC. This made a huge difference in the payouts. The testing I did with the GM contracts showed me that the X11 contracts were paying out well. Before my latest round of upgrades of X11, I had a profit with about a year left on the contracts. This is why I have been upgrading my X11 contracts. Recently a fellow steemian made me aware of CoinWarz That website gives you an idea of the mining potential of different cryptocurrencies. I hope you have better returns in the your future endeavors! Have a great week! Steem on, Mike. I do not give investment advice, but do share my experiences and what I am doing. Currently at Genesis Mining I have Bitcoin, X11, Ether, and Monero mining contracts. I only have the Monero mining contract as a referral reward, I did not personally buy it. During my latest round of upgrades I have been purchasing Bitcoin and X11 mining contracts. In terms of payouts from Genesis Mining, I have my Ether mining contract paying out in ETC and the other mining contracts paying out in LTC. Later this year I intend to set the Bitcoin mining contract to payout in BTC. You can go to CoinWarz to see their estimates for mining profitability. Have a great week! Steem on, Mike. I have found that it depends how you pay for the upgrade. If you use USD then there is no difference in my opinion. When I used a cryptocurrency to upgrade, I have found that buying a larger amount is beneficial. It mostly has to do with the number of decimal places allowed for the cryptocurreny transaction. For example, when buying an upgrade with BTC the BTC price is down to three decimals. Obviously, as the BTC price increases there is quite a difference between decimal figures. Have a great weekend! Steem on, Mike. As BTC has skyrocketed, so has the payouts from Genesis Mining BTC contracts. However, I must say that stagnation or decline in the BTC price does reduce payouts. I just started looking into how to file my BTC cashouts with the IRS. Looks like I will declaring a nice gain from this year. The Genesis Mining BTC contract has been a great deal for me. In 2018, it will generate additional gains for me in my first full year of retirement. I am very happy with Genesis Mining. Is it better to just buy and hold BTC or buy the Genesis Mining Open Ended BTC contract? I will say that if you think the BTC price will appreciate greatly over a short period of time, then it is better to buy and hold BTC. However, if you think the BTC price will rise gradually over time, then buying the BTC mining contract may make sense. For myself, I am holding BTC because I believe BTC, LTC, and ETH as well as others will be appreciating quite a bit in the next 6 months. However, I will be increasing my upgrading my BTC contract with Genesis Mining too. Over the course of time, I am building a portfolio that takes advantage of price appreciation as well as provides a passive income. The Genesis Mining BTC contract fits nicely in the mix. I am looking for BTC at $10k very soon, followed by $13k in the 1st qtr of 2018, then $20k in the 2nd/3rd qtr of 2018. The next BTC halving event is around June/July 2020. In my opionion, you need to be in the BTC contract two years prior to the halving to get a return on your contract. Of course there are a lot of factors affecting your payout but the halving event will cut your payout in half. I will not be buying any more BTC upgrades after June/July 2018. You may want to look at some of my other posts on ICO's like SPECTRE (still in ICO at this time) as a possible passive income play. All I can do is tell you what I am doing. This is not investment advice. These are just my opinions. Yes, there are different types of contracts available. I currently have a one-year Ether contract that will not reach break even before the contract expires. My return on investment will be negative. I also have a two-year X11 contract that I am currently projecting to reach break even before the contract expires. My return on investment will be positive. For the BTC lifetime contract I project I will reach the break even point 20 April 2018. Then for as long as BTC mining continues, I will continue to get an income from the lifetime contract. You are correct that Genesis Mining does not guarantee any amount of income from the contract. That is why I only dipped my toes into the mining contracts to assess their consistency and reliability. Thanks for your comment, Steem on, Mike. NiceHash looks interesting. Genesis Mining has an X11 contract that switches to the most profitable altcoin mining too. My X11 contract from Genesis is doing very well but it is a two-year contract. Setting up a mining rig in my home is not an option. Electricity would have to be nearly free to make it viable. The heat byproduct from the rig would only be welcome about 3 months out of the year. The rest of the year the rig would need to be kept cool so that it did not heat the home. Electricity for cooling is expensive here. While my goal is 33 TH/s, I do not plan to upgrade to that hash power in one transaction. I will upgrade my hash power by one step then monitor it before deciding to continue. I will be assessing the long-term viability and reliability of payouts. There are various factors involved that include Genesis Mining itself and the feasibility of mining BTC. At this point I am ready to take the next step to purchase more hash power but not go all the way to 33 TH/s in the next step. Thanks for the comments and making me aware of NiceHash, Mike. If you have Genesis send you the payouts in BTC you have the option of sending you payouts to: • your SteemIt (power up address) which will convert it to STEEM Power • your SteemIt (STEEM buy address) which will convert it to STEEM • your Coinbase (wallet address) I am currently sending my Genesis Mining (Bitcoin) payouts to my wallet. I let the payouts accumulate there until I am ready to make further transactions. Currently provides wallets for Bitcoin, Ethereum, and US Dollars. Coinbase has worked well for me. I have never had a problem with micro-payments. Some of my recent transfers to Coinbase have been as small as $0.17 USD. Steem on, Mike. Based on these statistics I estimate I will recover my initial investment in 446 days or 20 April 2018 which is well before the next halving event. Except more and more hash power will be added making your 10th return less over time extending the period out to where you will never break even. All cloud mining is a scam. If it were profitable they would just mine for themselves and keep it. And before you say you will make your investment back if the price of bitcoin increases you would do the same by just buying and holding. I have seen crypto mining companies that were scams. That is why I only dip my toes in for a period of time to assess the consistency and reliability of the mining before investing more. Then assessing the consistency and reliability of the mining again. I do believe that there is risk and that is why I keep reassessing my investment. I do have a short term X11 mining contract with Genesis mining that is projected to reach the break even point before the contract ends. The lifetime BTC mining contract has the greatest potential to deliver continued payouts well after the break even point. I appreciate your warning and will continue to monitor my investments. Just like I monitor my investments in STEEM, Bitcoin, stocks, and mutual funds. Steem on, Mike. Earlier this week we have checked out the current status of, an interesting altcoin that uses free HDD space for mining as well as started using – a Blockchain-based cloud data storage service that has its own crypto currency token used to pay users sharing their free hard drive space (also mineable). So now it is time to share what we have earned or should earn for 5 days of mining Burst coins and sharing our free space using the Sia and also to compare to what we have earned as a rewards for testing the that we have posted about yesterday. We are starting with Burst, for 5 days mining the coin with 100 GB plot size (rather small) in a mining pool we have managed to earn a little short of 180 Burst coins. These coins are immediately available in our wallet once they are confirmed, unlike with DriveShare where rewards are currently distributed on a monthly basis for the previous month and when the contract ends for hosing files on Sia. Looking at the current exchange rate for Burst is 19 satoshi per coin, so for 5 days this means we have managed to mine just about 3420 satoshi. An estimate for 20 days based on these earnings in order to be able to compare to the earnings from Storj means we should expect to mine the Burst coin alternative of about 13680 satoshi. Just as a comparison, for 20 days sharing the same 100 GB size of data on the DriveShare in the current beta we have earned as a reward a little over 12 SJCX coins or about 115000 satoshi. So even with the not so high rewards in the current Storj DriveShare beta you can earn more than mining Burst with the same shared free space. The catch with Storj however is that you need to invest in at least 10000 SJCX coins and have them in your wallet in order to be eligible for receiving rewards. Moving on to Sia that is similar to idea to Storj’s MetaDisk and DriveShare services, however unlike with Storj’s services Sia is already operational and you can purchase contracts ans share files or host files of other users and pay or get paid for your services. After 5 days of running the Sia wallet and client sharing 100 GB of free space on the network we are at an estimated 520 Sia coins to be earned once our current contracts are over. This is with a set price of 100 Sia coins per GB of space per month which is below the average usually floating in between 130-160 Sia coins per Gigabyte per month price that can even go up to about 200. The current price of Siacoin is about 7 satoshi or this means that when we fulfill our hosting contracts we would have earned 3640 satoshi for 5 fays or an estimate of about 14560 satoshi for 20 days in order to compare with the Storj rewards. The catch with Sia is that even though we are sharing 100 GB of free space for 5 days we have managed to get contracts for hosting only about 3.5 GB of user data. Interestingly enough with just 3.5 GB we have managed to get an estimated earnings of slightly more than when mining for Burst coins, but still significantly less than we have earned from Storj’s DriveShare beta rewards. IF we multiply the rewards for the 3.5 GB shared data to estimate what would the full 100 GB earn if we have sold the full size result in about 14872 Siacoins in earnings. That would mean that for 20 days if we managed to immediately sell the full 100 GB free space that we decided to dedicate to Sia we could have earned nearly 105000 satoshi. This would be significantly more than form Burst, but still lower than the DriveShare rewards estimated for the same time and with the same amount of free space shared. So it seems that Storj’s DriveShare beta service and the rewards that are being distributed for helping in testing and developing the service is more profitable at the current exchange rates and the potential for even more earnings s there once the service is ready for official launch. The drawback however is that you need to invest a significant amount in at least 1000 SJCX coins in order to be eligible for rewards. Also once again the service launches it may face the same problem as Sia at the moment – not enough users to quickly take up all of the offered free space by hosters. Sia has good potential to develop and compete with the likes of Storj, but it needs more users and needs to address some important things that we have covered in our initial impressions. The advantage that Sia has is that you are able to mine Siacoins in a more traditional way, however this also needs work as currently it is only solo mining and there are quite a few inconveniences present there as well. Then comes Burst, it also needs more work to become more user friendly and easy to get into by novice users. Burst has a lot of extra features, however they are not that well described or easy to be used or whatever, making their presence insignificant if they do not attract users or are being used just by very few people. Then again you may also say that the coin is undervalued at the moment, another possibility that results in low profit for mining Burst at the moment Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •. I already asked this question a week ago and still haven’t received an answer yet. I’d like to know what this “Storj MetaDisk & DriveShare” stuff is, because it sounds very confusing to me and even I as a Bitcoin and Mining expert don’t understand it. And I have read all the blog entries regarding this stuff here. It appears to me that this has nothing to do with cryptocurrencies and mining, it sounds more like a p2p or filesharing service with some storage space to upload files or whatever, so it shouldn’t be on this blog site. Again, what does this have to do with cryptocurrencies? And what the heck is SIA? Is this some of those new altcoins which you can mine with your harddrive? Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others. If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi. This is a cloud mining contract by Bitcoin.com, a reference source for everything Bitcoin related. When buying a Bitcoin.com mining contract, you're contributing to the activation of Bitcoin Unlimited's Emergent Consensus. These figures vary based on the total network hash rate and on the BTC to USD conversion rate. (Cloud SHA-256) Follows Bitcoin difficulty. Cloud Mining Calculator. Number of GHS 4.0. Exchange-related risks. CoinWarz Bitcoin mining calculator and Bitcoin profit calculator. Enter your mining rig's hash rate and the CoinWarz Bitcoin mining calculator and Bitcoin profit calculator will use the current difficulty and exchange rate to calculate how much profit and how many Bitcoin you can earn. SHA-256 Hash Rate 9460.00 GH/s. FAQ General questions Buy and sell power Finance Withdrawals Referral program General questions About the company Our team provides the most convenient service to earn cryptocurrency through cloud mining. We tried to make cloud mining available to everyone, even to the most unexperienced users. We aspire to show that mining today is not that complicated and want to give an opportunity to earn cryptocurrency to anyone who wants to try. Thanks to cloud mining, you will not have to spend your money on expensive hardware and its maintenance; that's why the entry threshold is so low. What cryptocurrencies are available for mining? We offer you to mine next cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) Ethereum (ETH), Zcash (ZEC). Duration of a contract. All contracts have unlimited duration. You can exchange the power for any suggested cryptocurrency at any point of time. However, the minimum amount of power allowed for exchange is 1000 GHS. *Bonus power can't be exchanged for cryptocurrency. What is cryptocurrency? Simply put, it's a new generation of decentralized digital currency that was created and only work in the internet. Nobody controls it. Emission of a currency happens through the work of millions of computers around the world. It uses the program for computing mathematical algorithms. What is mining? Mining is an extraction of a ciphered and amount limted program code of cryptocurrency which forms from the selection of many number variations. Buy and sell power How to buy power? To buy power, you have to generate a wallet in your personal profile and transfer the required amount of a cryptocurrency on that wallet. The transfer may take from several minutes up to 24 hours. After the transfer is completed, you can exchange cryptocurrency for power through the Exchange section by clicking the appropriate button. The exchange will get processed instantly. Can I sell power? Yes but only when you achieve the minimum amount of 1000GHS(sha256) Finance How to calculate the income? To calculate your income use the provided calculator. All you will need to do is enter hash rate (the power you own). Fees Fund-adding fee: 0% (You pay only the network fee). Fee for exchanging cryptocurrency for power: 0% Fee for exchanging power for cryptocurrency: starting 5% Fee for exchanging one type of cryptocurrency for another: starting 5% Withdrawal fee: 0% (You only pay the network fee). Miner/Tx fee: 0.0009 BTC, 0.002 LTC, 0.005 ETH/ZEC 1 DOGE How does the income accrue? You can watch your income real-time through the mining panel. Withdrawals How to withdraw my earnings? To make a withdrawal from your account to your wallet, follow the instructions: • Go to the appropriate section by pressing Withdrawal button • Choose desirable cryptocurrency and enter the wanted amount, then click Withdraw. • Withdrawal will get processed automatically. Contact our support team if the withdrawal wasn't completed within 24 hours. • Check your e-mail and confirm your withdrawal. Withdrawal limitations We don't gather any fees but be adviced that the network fee (transaction fee) is being deducted from each withdrawal for transaction processing and confirmation: Minumum amount: 0.002 BTC, 0.01 BCH, 0.2 LTC, 0.1 ETH/ZEC, 6000 DOGE. Miner/Tx Fee: 0.0009 BTC/BCH, 0.002 LTC, 0.005 ETH/ZEC 1 DOGE. Amount of withdrawals per day: 1. What to do with cryptocurrency Earned cryptocurrency can get withdrawn to the markets www.exmo.me, bittrex.com, or transferred to the online wallets Blockchain.info, Coinpayments.net. Referral program Description of the referral program You receive 10% of the profits of your referrals ATTENTION! CREATING MULTI ACCOUNTS IS FORBIDDEN. THESE ACCOUNTS WILL BE DELETED WITHOUT WARNING. How to invite a new user? You can find your unique referral link on your account page, or use the link provided below but change XXX on your username Individual conditions We are also glad to offer you individual bonuses for any kind of promotion of our service. You can send your ideas on our special e-mail address [email protected] Your account may be suspended for several types of incoming traffic: Redirect; Any spam; Doorway. Genesis Zcash Mining Since I have been mining with Genesis I have seen them doing everything they can do to help their customers. From advice to implementing new ways to help save money in transaction fees, we have all seen Genesis hard at work to make it better for everyone that is part of the best cloud mining group in the world. No matter if you are just starting or if you have been with them for a long time they see everyone as part of the team! No matter which crypto-currency you choose to mine they stand behind you 100% with your best interest in mind! Published on 6th January, 2018. The biggest and best crypto cloud miner. I had no idea what cloud mining was until I discovered your business on YouTube. Many of your very happy and satisfied customers chose to post videos describing the service you provide. I have since purchased a few contracts from you and look forward to using a currency that will not deprecate in value such as the one I am currently holding some savings in. Thank You Genesis Mining for giving myself and many others an opportunity to invest in this new industry. Firikyiwa published on 14th December, 2017. The miner´s littel helper it´s Stille way too early in the process to conclude anything; I expect to start seeing some results in the start of January 2018, do not expect the same level of monitoring and software set up or insight, that you have when mining on your hobby rig. I decided to go for the two-year Ethereum contract, one of the coins I also mine my self and a crypto-coin That has done well for me. My estimate for ROI at the end of the contract is 160%. But let´s see how it has done by November 2019 Thomas S. Published on 27th November, 2017. It's a must have investment With the current challenging era, most of the investment exist on the basis of fiat currency, is sometimes worthless. Yet, Bitcoin came on to aid, by providing new currency which are more stable. To get Bitcoins, one have to mine, but mining is not an easy task to do right now. So, Genesis-Mining came to help those people who want to mine Bitcoins without having to concern about noises,electricity bills, and place to mine their Bitcoin. Genesis-Mining is one of the best (or maybe the best) cloud mining site with consistent daily payouts, and value for money! Published on 10th April, 2015. Last updated June 13, 2017 Want to find the best Bitcoin cloud mining contracts? This post has you covered. Most Bitcoin Cloud Mining Companies are Scams Like the heading says, most cloud mining contracts are scams. Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually owning any hardware. So remember: 99% of cloud mining companies are scams. Which Companies Are Not Scams? There is only one cloud mining company we are willing to recommend on this site:. Just because they are not scams, however, does not mean that you will make a profit by buying contracts. Note: You need a wallet to receive payouts to. A secure hardware wallet like the is a good option. Genesis Mining Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. You can read more about Genesis Mining on their. Offers three different Bitcoin mining cloud contracts. All plans are paid with a one time payment and are lifetime contracts: Gold: 100 GH/s plan that costs $19. Bitcoin Cloud Mining Pool Business. Application-specific integrated circuit Bitcoin Mining Hardware. Petahash; Cloud. TOP GUIDE ON HOW TO BUY BITCOIN. Platinum: 2,000 GH/s plan that costs $340. Diamond: 10,000 GH/s plan that costs $1,600. Is Cloud Mining Profitable? It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all. You will get more bitcoins for your buck if you just! If you think mining is cool and want to try, then cloud mining still is not a good option. Grab a and run it at home. Just Want Bitcoins? If you just want bitcoins, mining is NOT the best way to obtain coins. Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins. Get $10 worth of free bitcoins when you buy $100 or more. Bitcoin Cloud Mining Comparison There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above. But check back in to see if we find any new, legit cloud mining companies. Bitcoin Cloud Mining Scams History The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website. Once the website is setup it can claim that the company has a large mining facility. The company can act legit by sending initial payments to its customers. But after that it can just keep the already received payments for hash power and then make no further payments. In just the last few months, two cloud mining scams were uncovered: and. What Payment Methods do Cloud Mining Companies Accept? Most cloud mining companies accept Bitcoin, PayPal, and. If a cloud mining company accepts bitcoins then there is a good chance it is a scam. This is because Bitcoin payments cannot be reversed. Once the scam company receives your bitcoin payment you have no way to get your coins back. • • • • • • • • • • • • Are there Free Cloud Mining Trials? No company would give away free cloud mining; this is basically giving away free money. Any company offering free trials, especially if they require payment information, is most likely a scam. How does Bitcoin Cloud Mining Work? Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse. You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased. Cloud Mining Viruses There that land on computers and then use the computers’ power to mine bitcoins. Run a malware detector on your computer if you think you may have come under attack. Just buy Bitcoins! If you just want bitcoins, don’t bother with cloud mining. |
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