What is Bitcoin cloud mining?
Bitcoin mining involves mining hardware, electrical play, monitoring, maintenance. If you do mining at your place, you need to take care of all the afore mentioned! To substitute thesis hassles, cloud mining came into existence where ter everything happens at a Gegevens center and you need to pay the fees for mining contracts to generate bitcoins.
Companies that suggest cloud mining Services
You need to be very careful here spil majority of the companies that suggest cloud mining contracts are fake and majority are branded under ponzi schemes.
So, are there any reliable cloud mining companies?
To my skill and test below have shown real datacenters and are paying till date so they can be of exception. However note that you won’t become rich overheen night and ROI takes long time.
Two. Genesis (Supported by Spoondalies)
Spil you see BITMAIN and Spoondalies are two major bitcoin hardware manufacturing companies supporting the above two sites gives the confidence to attempt them out.
Lets look ter detail of what they suggest
Bitmain is china based hardware company that offers cloud mining services using https://www.hashnest.com. They are suggesting brief term/long term contracts
1. Brief term contracts – You can buy PACMIC contracts for certain period and you will get guarteed payments for that specified year and the term closed after the contract completes.
Two. Buy Hash Power – You can buy Hash power from S2, S3, S4, S5 and latest S7 Miners and depends on the number of TH/s you buy, your payout will depends on it. However you need to keep ter mind the following
1. Hashnest charges service/maintenance charges for each TH/s
Two. However its a life time mining contract, once the profits becomes negative for Ten consecutive days, the contract completes and you will have an option to invoer your miiner from datacenter by paying the shipping charges.
You can buy Miner of your choice using Bitcoin spil payment
You do have the option to buy hash power ter the secondary market at lower prices
You have the option to sell your hasing ter the secondary market and get profit.
Possible to withdraw Bitcoins numerous times a day.
Genesis mining has teamed up with Spondalies-tech to suggest mining contracts for brief term and long term. You can mine Bitcoins (SHA 256) and Various Scrypt coins (at this time of writing, they stopped scrypt contracts spil hash power got sold off)
Pliable Contracts – You can by hashpower spil you like
You can buy Mining contract using Bitcoin/Altstem coins or with your credit card
Mine your beloved coins
Supple hash power allocation ( You can assign % of mining power to various SHA256 coins like bitcoin, BitcoinDark etc)
Compare Hashnest vs Genesis
You can buy Hash power using credit card at Genesis and you don’t have the option at Hashnest.
Genesis offers SHA256/Scrypt Mining where spil Hashnest is purely into SHA256
You can withdraw mined bitcoins numerous times at Hashnest where spil its only once at Genesis.
There is a secondary market at Hashnest which is missing at Genesis.