Genesis Mining is a bitcoin cloud mining service that is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. They offer hosted cryptocurrency mining services and a variety of mining related solutions to small and large scale investors. The combination of algorithmic trading framework, mining infrastructure, and proprietary mining farm-management software, Genesis Hive, quickly made them an industry leader. Genesis Mining is also the founding partner of Logos Fund, the first ever Bitcoin Mining Fund, which targets professional investors looking to gain access to Bitcoin’s and various other digital assets‘ potential. Service was founded by the end of 2013 and with now over 1.000.000 users we are the world‘s leading multi-algorithm cloud mining service. Find out if it's profitable to mine Bitcoin. Do you think you've got what it takes to join the tough world of. Power cost/Day. Profit per week. Pool Fee $ 0.3535. Power cost/Week. Profit per month. Pool Fee $ 1.52. Enter your mining rig's hash rate and the CoinWarz Bitcoin mining calculator and. If you are mining using a pool. Litecoin Mining Calculator. Jul 13, 2017 - It was the first Bitcoin mining pool and remains one of the most reliable and trusted pools, especially for beginners. Antpool is a mining pool based in China and owned by BitMain. BTC.top is a private pool and cannot be joined. Mining profitability calculator? / current_difficulty) * (1 - pool_fee) * 3600. For Litecoin. The calculations of your cloud mining profitability are based on. Litecoin Mining Calculator. ![]() Hashnest is a cloud hashing platform. This means you can participate in bitcoin mining without maintaining the hardware yourself. Hashnest is part of company Bitmain. Founded in 2013, Bitmain Technologies, now among the world’s most recognizable Bitcoin companies, was established to develop and sell the world’s leading bitcoin miners using Bitmain’s ASIC chip technology. Bitmain is now among the most recognizable companies in the cryptocurrency space and the proud parent of several brands, among them Antminer, Antpool, and Hashnest, all of which are ranked number one in their respective fields. Machines and customers are present in multiple locations in almost every country of the world. What is Cloud Mining Cloud Mining is the process of bitcoin mining utilizing a remote with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. Concept that allows you to form groups (mining pools) in order to obtain more revenue from general effort compared to mining in using their equipment. Bitcoin mining is done “ in the cloud” and avoids many problems, including power interruptions, problems with installing or connecting to the internet, energy costs, difficulties for equipment maintenance. Where to buy Bitcoin Online platform for selling and buying cryptocurrencies such as Bitcoin, Ethereum and Litecoin. One of the most popular and trustful wallet. Launched in 2014. Very popular, simple and secure online wallet. They have app as well. LocalBitcoins is a person-to-person bitcoin trading site. At LocalBitcoins, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. Please watch: 'ProfitTrailer - New Crypto Trading Bot - Best Auto Trading Bot - Better than Gunbot?' --~-- ► Signup for Hashflare: ► Use My Code on Genesis Mining for 3% OFF CODE: teJSC0 ► Best Hashflare Mining Pools: ► Bitcoin Mining Profitability Calculator: ► Bitcoin Difficulty Chart: ► Join us on Discord: ► ► Signup for Coinbase (Get $10): ► Follow me on Steemit: ------------------------------------------------------------------------------------------------- In my videos, I teach you how to mine Ethereum, Bitcoin, Litecoin, Dash, ZCash and many more coins. I have many how-tos on mining altcoins like Ethereum, along with guides on setting up wallets for altcoins. I also discuss many cloud mining sites such as Hashflare and Genesis Mining. With Hashflare and Genesis Mining cloud mining services you can start mining Ethereum, Bitcoin and other coins without any equipment of your own. Check out my video playlists and other videos for more information.
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![]() Most cloud mining companies are scams and this post will help you avoid these scams. Want to find the. HashOcean and Bitcoin Cloud Services. Jan 08, 2018 cloud mining bitcoin 2017 cloud mining 2017 cloud mining ethereum cloud mining free cloud mining review cloud mining bitcoin free cloud mining zcash. Some services even advertise Lifetime contracts for Bitcoin mining (or other crypto currency), but there is a catch with these as by the lifetime they mean that it will mine until it generates profits. Advantages and Disadvantages of Cloud Mining There are some clear advantages to cloud mining that are making it attractive for.Missing. Sesua dengan nama pertambangan dan sesuai dengan nama coinnya, lumayan harganya sudah dikisaran $5,4. Kali ini saya mencoba memberikan sedikit cara untuk menambang Hexxo coin dengan gratisan $100, • Anda pastinya sudah join kalo belum silakan, aktifasi dan login. Anda akan di berikan gratis $100 • Menuju ke Account, • Pilih / klik Mining Credit, • Pilih Buy Mining Credit, • Isi yang tertera, $100, atau mau di belikan $50 karena ini juga bisa buat beli Hexxo Coin, terserah kalo saya semua saya belikan untuk Mining Credit, karena semakin besar power tentunya akan semakin cepat kita nambangnya. • Tadi sudah beli Mining Credit sekarang pilih BUY MINING POWER, maka power tambang kita akan bertambah dan tentunya cepat kita akan mendapatkan. Nah itu dulu ya kesempatan kali ini, untuk menukarkan hasil tambangnya gimana? Lain waktu akan saya sampaikan kembali,karena saya musti kembali keruangan. Layanan ini berusaha sangat keras untuk terlihat bagus, tapi memang itu hanya layanan Ponzi Scheme. Anyway, layanan ini memiliki desain yang menarik dan latar belakang cerita. Administrasi layanan klaim mereka bekerja selama beberapa tahun sudah dan Anda bisa dilihat beberapa ulasan di halaman utama layanan. Memiliki FaceBook / Twitter dan bahkan membuat video promosi singkat tentang layanan. Layanan memiliki tiga jenis account yang berbeda - percobaan, starter dan profesional: Jika Anda akan menginvestasikan $ 95 atau lebih Anda akan mendapatkan bonus berbeda dan yang paling penting Anda akan mendapatkan akses ke pasar power pertambangan di mana Anda bisa menjual kekuatan hash Anda. Splitit Pertambangan memberikan berkualitas tinggi Bitcoin jasa pertambangan, awalnya didirikan di Swiss dan sekarang berkembang dengan cabang baru ke Hong Kong. Aku mencoba layanan ini dengan deposit $ 5.0 Daftar untuk dan mulai nambangan. Current project status: Down/Scam. Start of the project:. Main info about: 1) Sign up bonus 0.05 GH/s. 2) Daily profit equals 1.05% of investment. 3) You can mine 10 different cryptocurrencies. Layanan ini seperti salinan lain dari, orang pikir hanya membuat layanan dengan script ini berulang-ulang dan tidak benar-benar peduli tentang kualitas jikalau anda perhatikan dengan seksama. Beberapa layanan di script ini tidak membayar sama sekali, risiko jika tidak ingin dengan yang sudah terjadi jangan memutuskan untuk melakukan deposit. Bonus adalah bonus yang perlu dimanfaatkan, sehingga Anda dapat mencoba untuk bekerja dengan bonus, tapi kalaupun tidak ingin bonusnya hilang awali deposit yang minimal. Untuk PulsCoin. Kali ini saya coba berbagi untuk menambang di ada delapan coin yang ditawarkan disana, BITCOIN, LITECOIN, DOGECOIN, ETHEREUM, DASH, BYTECOIN, MONERO, RIPPLE namun tetap cuma satu persatu yang bisa kita tambang buat yang gratis kaya kita gini. • Login, pastinya anda sudah mendaftar, kalo belum daftar • Di Dashborad kita bisa tentukan coin apa yang ingin kita tambang disini hanya agak lama karena power kita diberikan kecil kalo mau cepat ya invest. Kalo ga ya sabar kuncinya • Setelah beberapa lama kita daftar dan aktif tentu kita sudah mendapatkan coin, kita bisa menambah power biar kenceng kalii yaa. Caranya • Klik Exchange buat tukar coin yang sudah ada/kita tambang tadi ke power lanjutkan klik Exchange, maka power kita akan bertambah, mudahkan. • Kembali ke Dashboard untuk monitor Sekian semoga berhasil and jangan lupa yaa. Cloud mining adalah solusi melakukan mining Bitcoin (Mining Bitcoin adalah proses penciptaan Bitcoin. ) dengan cara membeli nya secara online biasanya didalam satuan GHS. Dengan membeli GHS anda akan mendapatkan pengasilan berupa Bitcoin setiap harinya. Kita smua juga tau bahwa GHS itu Mahal: 4. Mining Start now and get bonus 50 GHS! Lumayan buat kita' yang pemburu gratisan. Terus giaman caranya: • Pastinya daftar dulu kalo belum silakan • Login, kedashboard, disana anda akan melihat ada tiga column Power [ SHA-256 3.0 ] [ SHA-256 4.0] [SCRYPT] dan tentunya di kotak tersebut mempunyai nilai power yang akan membuat mesin bekerja menambang sesua dengan coin apa yang kita inginkan.Untuk yang seperti kita gratisan hanya akan diberikan di SHA-256 3.0 sebesar 50.0GHz untuk menambang ( Bitcoin, NameCoin, PeerCoin) terus gimana yang lainnya. • pada kotak Mining Management disitu kita lihat ada warna hijau dan orange, itu menandakan coin yang sedang berjala/nambang, namun yang orange blm berjalan kenapa? Kareana column/kotak power SCRYPT blm ada powernya. Terus gimana. • Setelah mungkin 1-3 hari kita nambang dan mulai ada hasilnya, mulai beraksi deh yang mana tadi [SHA-256 4.0 dan SCRYPT] yang belum ada nilainya bisa kita isi nilainya buat nambah dan nambang dengan cara kita menuju ke exchange, pilih coin yang kita tambang tadi dengan tukarkan ke power agar bisa nambang [Litecoin, Dogecoin, BlackCoin pilih di MHS] klik Exchange maka MHS berisi powernya. • kembali ke dashboard lihat kolom coin Mining Management ada yang berwarna orange itu adalah powernya dari MHS -klik terus klik lagi ke coin yang kita ingin tambang [Litecoin, Dogecoin, BlackCoin] oke sudah perhatikan akan bertambah/tertambang coinya. • Waiting WD oke demikian semoga berhasil. Jangan lupa cukup sekali sehari baca balik nalkidisebelah ato dibawah 1. Cloud mining adalah solusi melakukan mining Bitcoin (Mining Bitcoin adalah proses penciptaan Bitcoin. ) dengan cara membeli nya secara online biasanya didalam satuan GHS. Dengan membeli GHS anda akan mendapatkan pengasilan berupa Bitcoin setiap harinya. Kita smua juga tau bahwa GHS itu Mahal: 3. Cloud Mining - is a remote use of computing power to produce cryptocurrency. Cryptomax company allows users to start cryptocurrency mining without major investments or depth technical knowledge and offers a unique method of dividing mining power between cryptocurrency, which is a product of designing and long-term studies. This system allows you to simultaneously mine the most popular cryptocurrency such as Bitcoin, Litecoin, Dogecoin, or to concentrate all power on mining of one particular cryptocurrency. Through the use of advanced units for cryptocurrency mining Located in Providence (Rhode Island, USA), Philadelphia (Pennsylvania, USA), Seattle (Washington, USA), knowledge of our financial analysts and their close cooperation with traders, Cryptomax achieved the possibility of obtaining the maximum benefit in cryptocurrency field. Cryptomax offers cloud mining services, guaranteeing investment safety conditions, non-stop access to the service, support of our professional team and instant payments. Terus gimana caranya: • Tentunya anda sudah mendaftar kalo belum silakan daftar, kalo sudah bisa sign, • Saatnya mengatur tool untuk menambang: • geser kosur sesuai keinginan anda bisa di bagi untuk jalan semua atau aman yang anda suka. • Klick Yes maka tools akan berjalan walaupun kita Off bahkan kita tinggal tidur hehehehe • Login setiap hari sekali untuk mendapatkan gratis 10Doge, sayang kalo di tinggalkan sementara jikalau klick faucet aja paling dapat juga 3Doge. • Jikalo dirasa ini lama hasilnya anda bisa membeli GHz nya • semoga berhasil. Cloud mining adalah solusi melakukan mining Bitcoin (Mining Bitcoin adalah proses penciptaan Bitcoin. ) dengan cara membeli nya secara online biasanya didalam satuan GHS. Dengan membeli GHS anda akan mendapatkan pengasilan berupa Bitcoin setiap harinya. Kita smua juga tau bahwa GHS itu Mahal: 1. MinerGate Bagaimana bekerja dengan MinerGate? MinerGate adalah pertambangan yang cukup populer yang mendapat perangkat lunak pertambangan itu sendiri. Could ini dibuat untuk orang-orang yang tidak dapat atau tidak suka belajar cara mengatur perangkat lunak pertambangan yang berbeda untuk cryptocurrencies berbeda dan system yang berbeda pula. Dengan program MinerGate ini Anda dapat mulai banyak menambang cryptocurrencies di beberapa klik! Apa fitur utama MinerGate? 1) Web Mining - Anda dapat menambang langsung dari browser web Anda!!! Pergi ke bagian 'Web Mining' di akun Anda dan memulai penambangan tanpa software khusus - semua yang Anda butuhkan adalah browser. Tentu saja kecepatan pertambangan dari 'Web Mining' jauh lebih rendah daripada di pertambangan normal. 2) Special mining software untuk Windows - Program Mining MinerGate's ini mudah digunakan dan tidak memerlukan pengetahuan spesial. Anda dapat memulai penambangan di beberapa tempat. 3) Smart Mode - membuat program pertambangan untuk tambang yang paling menguntungkan cryptocurreny. Hanya beralih pada 'Cerdas Mode' jika Anda ingin recive paling keuntungan dari pertambangan. Bagaimana bekerja dengan Miner Gate? 1) Pertama-tama mendaftar di pool - mendaftar MinerGate. 2) Sekarang Anda harus men-download program pertambangan - pergi ke 'Download', dan download versi perangkat lunak pertambangan yang cocok untuk sistem operasi Anda. 3) Jalankan program download. Cloud mining adalah solusi melakukan mining Bitcoin (Mining Bitcoin adalah proses penciptaan Bitcoin. ) dengan cara membeli nya secara online biasanya didalam satuan GHS. Dengan membeli GHS anda akan mendapatkan pengasilan berupa Bitcoin setiap harinya. Kita smua juga tau bahwa GHS itu Mahal: Eobot: Eobot adalah satu web yg menyediakan alat utk mining coin. Di eobot disediakan software yg bisa di download supaya bisa mulai mining. Setelah kita daftar dan login, dimana sehari sekali kita login diberikan coin Doge jadi usahakan kita login sehari sekali pergi 2. Ke Products lalu klik Faucet.didalam setiap mau claim faucet harian usahakan tepat pada posisi mesin nambang di Cloud mining/cloud Folding/Cloud Seti. Agar mesin tambangnya bertambah kuat/tinggi (Hz). Isi captcha seperti di bawah ini: 4. Klik Get Faucet Reward. Kembali ke Account. Setelah coin2 doge gratisan terkumpul, kita bisa tukerkan jadi Cloud mining atau di WD. Membeli Cloud Mining Inventory (menyewa tempat utk memulai mining coin). Utk saran pilih yg Cloud SHA-256 5 Years Rental, pilih exchange. Ikuti langkah di atas( 1, 2, 3, 4),GHS kita akan bertambah 8. Kembali ke Account. Mulai menambang coin dengan Desenty (beberapa coin), anda bisa pilih coin apa yang akan ditambang, lalu klik save. Secara automatis jeda per10 menit bergantian mesin akan nambang. New cloud mining service - has been launched. Main info about • Sign up bouns 0.1 GH/s. • Daily profit equals 1.1% of investment. • You may mine BitCoin, DogeCoin or USD. • Minimal sum of withdrawal: 0.001 BTC, 100 DOGE, 0.1 USD. Layanan ini seperti salinan lain dari OverHash. Robot-Coin memiliki statistik yang terbuka dan menurut statistik ini setelah 3 hari kerja hanya $ 10 yang disimpan di layanan. Itu sebabnya cukup yakin Robot-Coin tidak akan bekerja untuk waktu yang lama. Anda dapat mencoba untuk menarik sesuatu yang bekerja di sini tanpa investasi, sebab layanan memberikan mendaftar bonus. Mendaftar untuk Down/ Not Pa ying/. New cloud mining service that has been opened Main info abou: 1) Sign up bonus: 3 GH/s/ 2) Daily profit equals 1.33% of investment. 3) You may mine 8 different cryptocurrenies. 4) Minimal sums of withdrawal: 0.01 Zcash, 1000 ReddCoin, 50 Ripple, 0.1 Ethereum, 0.007 Bitcoin, 100 Dogecoin, 0.1 Dash, 10 Lisk, 0.3 Litecoin. Layanan ini dibuat pada beberapa naskah lama yang sebelumnya. Juga Ini administrator jelas tidak memiliki banyak pengalaman, karena tidak ada SSL dan banyak kesalahan di situs. Tapi layanan ini memiliki desain yang unik yang cukup baik. Pokoknya Anda harus mencoba layanan ini, karena Anda dapat meminta penarikan bahkan tanpa investasi. Start of the project:. Main info about: • Sign up bonus $1!!! • Daily profit equals 2% of investment, but you can buy and sell different stocks manually and increase your earnings! • Minimal sum of withdrawal: 0.001BTC, 1 USD. Manual payments.(mulai April harus ada deposit minimal $10 ke balance Investnya) Layanan ini sangat kualitatif. Ini memiliki skrip yang unik sangat bagus dan desain. Juga ada latar belakang cerita yang baik tentang 'Kecerdasan buatan', sangat menarik. Juga memiliki 'saham' sistem. Anda akan menerima beberapa 'saham' setiap hari, Anda mungkin otomatis menjualnya dan menerima 2% dari investasi setiap hari, atau Anda dapat mencoba untuk menyimpan 'saham' dan menjualnya dengan harga terbaik. Harga saham berubah setiap 24 jam (countdown pada halaman utama dari layanan). Layanan ini akan menjadi sangat populer segera dan dapat bekerja untuk waktu yang sangat lama. Current project status: not paying/Scam. New cloud mining service has been launched. Main info about: 1) Sign up bonus: 0.001 GH/s. 2) Daily profit about 1%. 3) You may mine more than 45 cryptocurrencies. Layanan ini salinan lain dari OverHash. Memiliki desain yang berbeda, tetapi script yang sama. Saya tidak berpikir layanan ini akan populer, karena investor biasanya tidak suka melihat layanan yang sama lagi dan lagi. Bonus kecil dan mencoba untuk bekerja dengan BitHash.cloud tanpa investasi akan sangat lama Anda dapat mencoba layanan ini jika Anda ingin - mendaftar untuk. New cloud mining service that has been opened - CryptoMax. Main info about: 1) Sign up bonus 5 Hash Powers. 2) Daily profit equals 3% of investment. 3) You may mine: BitCoin, LiteCoin, DogeCoin or USD. 4) Minimal sums to deposit and withdraw: 1$, 0.001 BTC, 0.25 LTC, 5000 DOGE 5) Receive 10 Dogecoin bonus everyday after 24h sign Layanan ini terlihat baik. Ini memiliki desain yang unik dan script yang unik. Juga layanan sudah memiliki halaman FB / VK dan akun twitter di mana Anda dapat melihat berita terbaru tentang putuskan untuk deposito. Anda dapat meminta penarikan bahkan tanpa investasi! Dan mulai pertambangan Down/Notpaying/Scam. BitMagnet.biz Start of the project:. Main info about BitMagnet: 1) Minimal sum of deposit - 0.001 BTC. 2) Minimal sum of withdrawal - 0.0001 BTC. 3) Instant payments. 4) You may withdraw deposit after 24 hours. BitMagnet: Ini adalah layanan yang cukup baik dengan rencana klasik. BitMagnet telah terdaftar perusahaan di London. Juga layanan ini memiliki desain yang sederhana namun menarik dan menjadi cukup populer sudah. Sulit untuk mengatakan berapa lama akan bekerja dan membayar, tapi aku sudah dedcieded mengambil risiko dan membuat kecil deposit. Diluncurkan 1) Sign up bonus 1.83 GH/s ($15) for 7 days.agar bisa WD lakukan minimun deposit 0.01btc. 2) Daily profit equals 1% of investment. 3) You may mine 4 different cryptocurrencies: BitCoin, LiteCoin, DogeCoin and Ethereum. 4) Minimal sum of withdrawal: 0.01 BTC, 45.000 DOGE, 2.5 LTC, 0.2 ETH. Layanan ini cukup standart. Dilihat banyak layanan serupa sebelum dan itu administrasi obivous tidak berusaha keras sementara membuat layanan ini. Saya melakukan deposit kecil di sini, tetapi menyadari bahwa minimal jumlah deposit adalah $ 8,18 dan berubah pikiran. Juga Anda tidak dapat meminta penarikan tanpa investasi. Anyway if you wanna try this service out -. Informasi disajikan ini adalah untuk tujuan informasi umum saja, dan sementara untuk menjaga situs seakurat mungkin dan up to date anda bisa memberikan masukan by comment, Anda dapat mengikuti informasi yang terkandung, namun risiko adalah tanggung jawab Anda sendiri. Sumber: Dari Wikipedia bahasa Indonesia, ensiklopedia bebas Bitcoin adalah sebuah uang elektronik yang di buat pada tahun 2009 oleh Satoshi Nakamoto. Nama tersebut juga dikaitkan dengan perangkat lunak sumber terbuka yang dia rancang, dan juga menggunakan jaringan peer-ke-peer tanpa penyimpanan terpusat atau administrator tunggal di mana Departemen Keuangan Amerika Serikat menyebut bitcoin sebuah mata uang yang terdesentralisasi. Tidak seperti mata uang pada umumnya, bitcoin tidak tergantung dengan mempercayai penerbit utama. Bitcoin menggunakan sebuah database yang didistribusikan dan menyebar ke node-node dari sebuah jaringan P2P ke jurnal transaksi, dan menggunakan kriptografi untuk menyediakan fungsi-fungsi keamanan dasar, seperti memastikan bahwa bitcoin-bitcoin hanya dapat dihabiskan oleh orang memilikinya, dan tidak pernah boleh dilakukan lebih dari satu kali. Desain dari Bitcoin memperbolehkan untuk kepemilikan tanpa identitas (anonymous) dan pemindahan kekayaan. Bitcoin - bitcoin dapat disimpan di komputer pribadi dalam sebuah format file wallet atau di simpan oleh sebuah servis wallet pihak ketiga, dan terlepas dari semua itu Bitcoin - bitcoin dapat di kirim lewat internet kepada siapapun yang mempunyai sebuah alamat Bitcoin. Topologi peer-to-peer bitcoin dan kurangnya administrasi tunggal membuatnya tidak mungkin untuk otoritas, pemerintahan apapun, untuk memanipulasi nilai dari bitcoin - bitcoin atau menyebabkan inflasi dengan memproduksi lebih banyak bitcoin. Advertisement Over the past few years, Bitcoin has gone from a niche interest to an Whether you just want to find out more about BitCoin or to actually use the currency, you'll want to check out 'Virtual Currency: The BitCoin Guide', the latest manual from author Lachlan Roy. At this point, major online retailers like Overstock, Expedia, and NewEgg will even accept Bitcoin as payment. There are many ways to mine Bitcoin, even if you don’t want to invest in your own physical hardware. But is it really possible to make money on such an endeavor at this stage of the game? Here’s everything you need to know if you’re considering getting into cloud mining Bitcoin. What Is Bitcoin? Bitcoin is an Many assume 'open source' and 'free software' mean the same thing but that's not true. It's in your best interest to know what the differences are. Cryptocurrency that launched in 2009. It’s a decentralized currency, meaning that transactions are made between users without an intermediary — although a public ledger does verify and record all exchanges. Since the system has no single central authority, the task of verifying individual transactions falls to miners. Upon the creation of each new “block” of transactions, miners apply a hashing algorithm to the data in order to confirm its legitimacy. Miners receive Bitcoin upon the successful creation of a hash. However, there’s a lot of competition, so it’s not particularly easy to make that much money. A new block will only be valid if it needs to contain something called proof of work. This hinges upon finding a number known as a nonce, which might require many attempts at hashing the data. This is why most serious Bitcoin miners use high-spec systems with plenty of processing power, to give them an edge over the many other miners attempting to hash the same blocks. What Is Cloud-Based Bitcoin Mining? Cloud-based Bitcoin mining allows users who don’t have capable hardware to The revolutionary and controversial method of payment has been making headlines. There are plenty of reasons why you might want to start performing transactions using Bitcoins. But first, you have to earn some for yourself. Instead of using their own rig, they pay for cloud-based access to someone else’s hardware via sites like Genesis Mining and Hashflare. These services typically charge a monthly fee over a set contract length, that gives subscribers access to a certain amount of MH/s (megahash per second) or GH/s (gigahash per second). This is your hashing power, and a higher value will result in a more profitable output. However, many services also charge a maintenance fee, which they usually deduct straight from your earnings. It’s very important to take this into account when you’re establishing whether or not you stand to make money from your subscription. Most services pay users once every 24 hours, with a delay after the end of mining activity to verify the yield. Is It Profitable? There is certainly money to be made from The Cloud. It's a term that gets thrown around a lot these days. What is the cloud, exactly? Bitcoin mining operations. The question is, are you going to be making that money, or is it all going into the pockets of the service’s owners? Obviously, it doesn’t make sense for these services to offer up their hardware without getting a healthy return on their investment. It’s important to realize that you’re playing a relatively small role in the process. You’re certainly not going to make anywhere near as much money as you would mining for yourself. However, you should also take into account that you’re not paying for setup costs. You don’t need to buy a high-spec PC, which is a major investment. If you’re just looking to dip your toe into the water, signing up to a service for a short period of time represents less of a risk than spending lots of money on hardware — as long as you’re not committing to a lengthy contract. Of course, the rewards aren’t as great. Whether you’re doing it via the cloud or in your own home, there are complex economics at play when it comes to Bitcoin mining. Fortunately, there are tools like that will eliminate some of the guesswork. Enter in as much information as possible, and you’ll get an indication of what sort of return you can achieve. However, the changing face of the market is something else to take into account. If you’re relying on a cloud service, they could feasibly up their maintenance fee, and eat into your profits. It’s not your hardware, so you have very little control over this kind of development. With that in mind, the best way to make money from Bitcoin might be the most straightforward route. Buying In Is Best Despite having matured quite a bit, the future of Bitcoin is still rather unpredictable. Working with a cloud mining service only adds to this unpredictability, because you’re relying upon an outside entity. Like any investment, there’s always going to be some element of risk to Bitcoin. The least complicated method of making money from the currency is buying it at a low price, then selling it high. Unfortunately, there aren’t really any shortcuts. It’s not impossible to make money with your own hardware set-up. That said, it’s crucial you understand how competitive this practice is. This is no Ever wonder how much money you've made over your entire life? If you're in the U.S., the Social Security Administration's site can tell you., and it’s not something that you should dive into without doing some serious research. The margins are always going to be smaller when you’re working with a cloud service. The company is making money from your mining activity, just like you are. You can make some cash, but it’s going to be a small amount. You’re certainly not going to be getting the sweat equity that you would from setting up your own rig. Some would go as far as to call these services a scam, but really their practices are just common sense. It’s not realistic to expect that paying a monthly fee is going to allow you to earn money hand over fist. If the rewards were large and guaranteed, what would be the benefit of letting you get in on the action for a flat monthly rate? Are you looking for more information about Bitcoin and Bitcoin mining techniques? Or are you looking to share what you know about cryptocurrency with other users? Either way, why not join the conversation in the comments section below? Image Credit: Meeerkat via Shutterstock.com. 'Is it profitable to Cloud Mine Bitcoin?' Should say 'We don't know if it is profitable to Cloud Mine Bitcoin either'. It would have been much more informative or interesting to see even vague approximation of numbers. I obviously don't do any BC mining or Cryptomining whatsoever but would have liked to see some comparison of multiple 'hosted cryptocurrency' services with some costs and actual tests/trials. For example - if the monthly cost for this service is automatically deducted from the mined cryptocurrencies I see that as an appealing aspect. You pay a small 'entry fee' of sorts and then just keep it running until you either no longer keep turning a profit or feel you've gathered enough experience and decided to build your own miner. Bitcoin Cloud Mining Overview. Cloud Mining is a way to mine bitcoin (or different cryptocurrencies) without the need of owning a miner (or mining hardware). Simply said, you buy yourself some shares of mining power – like a mining pool – and profit together with the pool. This means that you only need a contract with. Hashflare is pleased to announce up to 42% discount off all orders of Bitcoin, Ethereum, DASH, Zcash, and Litecoin cloud mining contracts for the next week. Simply sign up for a free account for up to 42% off all cloud mining purchases until November 27th only: the best value Dash, ETH, BTC and LTC cloud mining to be found. With over 3 years experience in the industry, the platform also offers lifetime Scrypt and Bitcoin cloud mining contracts, and one year ETH contracts, with many features including proof of hashrate, mining pool selection, and instant payouts. Run by established cryptocurrency mining hardware provider HashCoins, which has over 3 years experience in the industry, HashFlare offers the ultimate Dash, Bitcoin, Scrypt and Ethereum cloud mining experience for users. An important feature of the HashFlare platform is that customers can see and monitor their hashrate live, and even choose the mining pool they wish to mine on. This demonstrates that HashFlare is running a real cloud mining operation and is renting real mining hardware to users. Users can also find the most profitable mining pool for their hashing power. HashFlare also offer instant Bitcoin, ETH, Zcash, and DASH withdrawals, lifetime contracts with no fixed end date, user mining pool allocation, fixed fees, and a user dashboard with highly detailed statistics. Anyone, anywhere worldwide can easily cloud mine Bitcoin, Litecoin, Ethereum, Dash, and now Zcash, with no specialized knowledge or the need to maintain specialized mining hardware. All that needs to be done is for a free account on HashFlare and purchase a contract that will instantly begin mining Bitcoin, Dash, Litecoin or Ethereum. Learn more about lifetime Bitcoin, Scrypt, or one year Ethereum, Zcash, and Dash cloud mining contracts with NO maintenance fees, which represents the best value on the market, please go to: Claim 42% off all BTC, ETH, DASH, Zcash, and LTC cloud mining purchases until November 27th only Hashflare is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. Cryptocurrency prices are volatile, and profitability of cloud mining contracts change over time due to mining difficulty rates, exchange rate fluctuations, and other factors. This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. ![]() Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Miningpools.cloud is a mining pool for different coins. You can mine with your CPUs and GPUs Komodo, Hush, Zcash, Zencash. Is it cloud mining profitable? # ZCash mining is not currently available and looks not profitable. ![]() Resources Crypto Currencies: Bitcoin Introductory Course: basic concepts like blockchain, wallets, exchanges, basic trading. Some detailed zcash statics: • • • Mining Most used mining pools for zcash are, and, other known pool is, with proxies in US, EU & China. The best miners up to date are and. To be able to create your own secure zcash wallet and make your own transactions, you will need to. Online Wallets, Exchanges & Trading: Top European Wallet & Exchange site.: Great online charts for technical analysis (trading).: Online Exchange good for day trading and trading short.: Typical site to buy Bitcoins.: Site with a lot of coin pairs to exchange. ![]() If you want to invest in bitcoin mining without the hassle of managing your own hardware, simply head into the cloud to earn your coins. Profitability calculators (for example, The Genesis Block) often ask for your electricity costs, and sometimes the initial investment in hardware. Effectively, you are being asked for your. Bitcoin Mining Calculator is used to calculate mining profitability for Bitcoin mining. Enter your Bitcoin mining hardware hash rate in GH/s along with the power wattage and your cost of electricity - dollars per kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered. CoinWarz Zcash mining calculator. Enter your mining rig's hash rate and the CoinWarz Zcash calculator will. Popular Mining Calculators. Bitcoin Mining Calculator. Oct 20, 2016 - PAYING ZCASH CLOUD MINING| At Zcash Cloud Mining you can find a detailed list and reviews of as many cloud mining providers as we can find. CoinWarz Zcash mining calculator. Enter your mining rig's hash rate and the CoinWarz Zcash calculator will use the current difficulty and exchange rate to calculate. Posted by on Cloud Mining Calculator October 2017 Cloud Mining Calculator October 2017 A cloud mining calculator for October 2017 is presented. All available contracts from Genesis Mining and Hashflare are included. Those include Bitcoin, Dash, Ethereum, Litecoin, Zcash and Monero cloud mining contracts. The current best available cloud mining contract is Hashflare Bitcoin SHA256 1year cloud mining contracts. The overall best cloud mining contract is Genesis Mining Bitcoin SHA 256 cloud mining contract. However, those are out of stock. Zcash and Monero 2 years contract are the best current contracts that also are available at Genesis Mining. Go to and buy some cloud mining contracts or read. Bitcoin Best Cloud Mining October 2017 As stated above, Bitcoin is the best current cloud mining contract. Genesis Mining has the longest lifetime, best price (actually same as Hashflare), lowest maintenance fee and the highest payout. Go to and but Bitcoin cloud mining contracts or read our and find a 4% discount code. Litecoin Cloud Mining Oct 2017 Litecoin, or Scrypt, has the second shortest break-even time after Bitcoin. However, at Genesis Mining those contracts are out of stock and at Hashflare they only run for 1 year. Therefore, those contracts should be compared to Genesis Mining Zcash and Monero cloud mining contracts that also has a decent break-even time and run for 2 years. Read more below. Zcash and Monero cloud mining Oct 2017 Both Zcash and Monero(Genesis Mining) cloud mining contract runs for 2 years and has a current break-even time of around 460 days. Genesis Mining vs Hashflare All Hashflare contracts is running for only 1 year. Genesis Mining cloud mining contracts are 2 years but for Bitcoin is the contract running as long as profitable, also called lifetime contract. All Calculations in PDF Here you find all calculations for Cloud Mining Calculator October 2017. Read more about cloud mining calculations on our page. Now, before we continue, let me briefly explain what hashrate rent is about, how the whole process works and why people rent their rigs. It is crucial to understand these things before we move on to the company itself and my experience with it. Why Do People Rent Mining Hashrate and How Does It Works? Let’s be honest – it is not always easy to have your mining rig at home. This kind of equipment occupies lots of space and produces huge amounts of noise and heat. If you are lucky (or unlucky) enough to live alone, then you might be okay with that. Now, if you are not, then your roommates might simply not allow you to have such a noisy piece of tech at home. High power consumption is another reason why many people prefer to avoid crypto mining at home. Some cities are infamous for having expensive electricity rates. There are also some other reasons why crypto mining at home might have its downsides. Crypto currency mining is a good occupation; in fact, it might be quite lucrative, but only if certain conditions are met. So, what happens if for some reason you cannot have a mining rig at home? Giving up on crypto currencies might be an option. Now, would it be a wise one? According to economists, crypto currencies are the future. Well, at least as for today, crypto currencies rank among the most stable and inflation-resistant kind of financial goods. All of that means that paying someone to mine for you might be the best option. There’s a reason why there are dozens of companies that allow you to rent their mining rigs. In most of the cases, you pay them a certain amount of money for the right to have a share of the hashrate for a limited amount of time. Other contracts even last a lifetime. This results in a passive income for many years on. How cool is that. And how can that be possible? Why Would Someone Rent Their Rigs? This was the first question I’ve asked when I first heard about hashrate rental companies. Yeah, why would you rent your gear to someone if you could use it to mine for your own profit? Eventually, the reason is quite simple. Technologies evolve every day, especially when it comes to mining rigs and mining algorithms. Most of the time, momentum is what matters the most. Every time a new GPU hits the shelves, you need to be among the first miners who get their hands on it. Otherwise, you might end up lagging behind your competency. Mining crypto currencies is lucrative, yet as you surely know, it is a slow process. The steady flow income from mining is often not enough to provide you with enough funds overnight. Also, as we are going to discuss a bit later, it is not always a good time to sell crypto currencies. That’s why renting hashrate makes sense — as a rig owner, you might sacrifice part of your steady income in order to get that instant cash you need to keep up with the newest innovations. Understanding this is extremely important, in my opinion. Otherwise, it is not clear why someone would rent their hashrate to random people and thus their offer might seem scam. Why Genesis Mining? As you could imagine, I’ve spent some time researching about the topic. No, I haven’t personally tried all the companies out there, but I did read reviews and observed the market for some months. What I realized is that sadly, many hashrate renting companies ended up being a scam. You could easily spot a fake by looking at their low prices and extremely fast leverage. Companies that grow too fast tend to fall down fast as well., on the other hand, had an acceptably good launch and from there it started to live and evolve like any other normal company. At least that’s what I’ve observed from the outside. Just like any company, GM has some amount of haters that keep calling it a scam. Looks like it is inevitable, after all you cannot please everyone. What Are the Risks? Let’s be honest – we always risk our money when we join a company. Genesis Mining is no exception. There is some trash talk about GM, but there are many positive reviews too. I’ve decided to take the risk and purchase one of their packs. What is good about Genesis Mining is that you can purchase a small pack and risk only 20 dollars or so. You don’t have to buy an expensive package or a monthly membership in order to get started, and that’s something I liked. They don’t pressure you to spend a lot of money, which is a good sign, in my opinion. I Signed Up So I signed up two days ago. My main aim is to test the profitability and the customer service quality. Also, I want to check whether their claims are reasonably close to what you really get. I’ve purchased a package worth $220, which granted me 1.5 TH/s on bitcoin mining. In theory, the contract has no deadline (it’s a lifetime contract). The ROI The return on investment you get with Genesis Mining mainly depends on two factors: the mining algorithms difficulty and the price of the crypto currency you’re mining. Genesis Mining provides you with pure hashrate, so there’s no way they can include any hidden fees there. The only additional fee I have to pay is electricity. This applies only to lifetime contracts, though. The other ones require one time payment for one or two years of service, depending on the plan. Electricity fees are based on the amount of hashrate you’ve purchased. According to my calculations, it takes about 20% – 30% of the income. My First Two Days Genesis Mining accepts either credit card or coins as payment. I’ve decided to pay with my credit card, and now I regret doing that. As you probably know, bitcoins do not allow you to make any kind of chargeback. Therefore, users can’t purchase an expensive pack, enjoy some amazing income stream for two weeks and then ask for a refund, just to repeat the process again and again. On the other hand, credit cards do allow charge backs; that’s why GM freezes your earnings for somewhere between two weeks and a month. This is the reason why I don’t see any movements in my ‘reports’ graph. According to the contract, they will not send the funds to my bitcoin wallet until the chargeback period is over. The funds are accumulating on my Genesis Mining account for now, and they should be released to my bitcoin wallet as soon as the period ends. That being said, the customer support was really professional and friendly. They replied in less than two hours, and they have answered my question, rather than redirecting me to a FAQ. How Much Can You Earn With GM? While I haven’t had the chance to try it for a long time yet, I have made my research before opting in. I will be honest with you – there are a number of complaints about the low ROI – people invest money and then they have to wait about a year or more to have it back. This is realistic since as I’ve mentioned earlier, ROI depends on two aspects: mining difficulty and the currency cost. According to my calculation and CryptoCompare’s Bitcoin calculator: Mined/day: Ƀ 0.001342 – $ 0.9930 Mined/week: Ƀ 0.009391 – $ 6.95 Mined/month: Ƀ 0.04025 – $ 29.79 Mined/year: Ƀ 0.4897 – $ 362.45 With the first calculation it looks good, in 1 year my profits for $220 invested is $142.45 (362.45-220=142.45), anyway will see how that goes and what is the real return/mined daily. I WILL KEEP THIS POST UPDATED WITH THE EARNINGS! Nevertheless, Genesis Mining offers a rather unique feature. It allows you to boost the ROI significantly, when used the right way, by letting you choose which coins to mine. You can allocate the hashrate between seven different popular crypto currencies, with BTC being one of them. Use coupon code to receive 3% discount! This is a pro feature and looks like only few people give it a good use. If you want to enjoy its full potential, then all you have to do is keep an eye on the values of the altcoins. Do it as often as you can, and try to allocate more mining power to the coins that have a good outlook. The process of allocation is made really simple in Genesis Mining. Once logged in to their website, you will find a user-friendly (or shall I say, “noob-friendly”) control panel. From there, you can change the way you spend your hashrate easily with lots of visual cues to aid you. In Conclusion might work as a passive income generator, but it performs way better if you’ve got the mentality of a stock trader. Ideally, you want to keep a constant eye on the crypto coin market, and sell the coins only when they achieve their highest value. A common mistake most people do is that they (a) mine only one type of coin and (b) convert the coins to dollars as soon as they can. Crypto currencies are an investment rather than cash. If managed properly, they might bring some amazing profits. Genesis Mining is a great way to get crypto currencies without the need to own a mining rig. I guess that’s all I could tell you for now. I’ve spent a lot of time researching about the topic, and I’ve tried to resume it all here. I will keep you updated about how things are going. If you are interested to try LIKE I SAID ABOVE I WILL KEEP THIS POST UPDATED WITH THE EARNINGS! Make sure you check this post once in a while or at least follow me on facebook! Do you have any questions or useful information you’d like to share about the topic? Please let me know in the comment section below. Just a hint for the allocation of the mining power, I was there in discussion with the support because I was not sure how that works. If you have for example a lifetime contract for bitcoins, you will always mine just bitcoins with the full hashpower in your contract. The allocation you can do there is just an automatic exchange of your mined bitcoins. So that means if you want to mine directly with some hashpower another coin you need a separate contract. In other words you can not switch between the coins for mining, but just for the payout. Alright so here it is, don’t ever invest in genesis, there is no way to make a profit, even have your money back, I bought a 2 years contract and 3 months in is almost not paying and will stop paying in 2 months if I’m lucky. It was an 18 000 $ investment, I will lose around 5-6 k on it. If you invest less money it’s gonna be even worse. If you want something really profitable that give you money every day like Genesis but you get your money back at the end, try this, there is nothing to compare and cliff mention it in one of his report for those who know him, and again don’t invest in genesis all those discount code you see evreywhere is the only way to finally make a bit of money, so the only way for you to make your money back is to refer tons of people; think about how a ponzi work •. We have received a huge amount of inquiries regarding availability of Bitcoin Mining Plans and we have good news: Our expected date for offering Bitcoin mining hashpower is October 31st! Since that’s still a few weeks away, we are offering Early Bird plans to those of you who are eager to get on board. Please note that our supply is limited. To secure your hashpower now, click here: -3% code: kZcYT7 Quite a few of our customers have had experiences with competitors turning to unpopular practices like changing contract terms mid contract, or adjusting prices. As we’ve received questions about this, I want to personally assure you that we do not have and will never add abusive clauses to our contracts. Genesis Mining is working on a long term strategy, and therefore we don’t base our prices on opportunity. Your contract will run for as long as it is profitable, and under the terms we initially agreed on! On another note we’re also considering adding Bitcoin Cash to our portfolio and will update you on the overall progress soon. Thank you, as always, for your support! Marco Streng CEO Genesis Mining •. ![]() Algorithm speeds achieved with CPUs and GPUs should be measured using NiceHash Miner as the. Cloud mining. Cryptocurrency| bitcoin. Before I get full time into Bitcoin Mining, I test and review the best Cloud Mining Pool services to find out which pays best. See the Bitcoin Cloud Mining Reviews Compare bitcoin mining packages for,,, and – and leave your user review about cloud mining below, read about. NiceHash – The most advanced crypto currency cloud mining, hash rental service. Buy Hashpower on pay-as-you-go basis. Sell or buy hashing power directly. NiceHash brings more to renters and rig owners. They claim to be the best profit SHA256, Scrypt, GPU pool. HashFlair offers cryptocurrency cloud mining services on modern, high-efficiency equipment. Really simple interface makes it easy, simple and fast to buy hashpower with a credit card and start mining right away. GigaHash – the Bitcoin SHA256 cloud. All sha256 cloud instances are used for bitcoin mining. Genesis provides Lifetime Mining contracts. Searches that we have been getting and questions our members have been asking related to bitcoin cloud mining pools: Can you do some bitcoin cloud mining reviews? Are there any bitcoin cloud mining pools with a free trial? Where to buy bitcoin cloud mining with credit card Can I buy bitcoin cloud mining with paypal? I have tried one of the hashpower selling/buying website ( nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not make a profit! I do not know what to watch to know whether my order is profitable or not? And what makes the profit at all? Is it the fact that the hashpower I buy will become more hashpower if I mine in a pool (I observed that sometimes that is the case, but not for the whole lifetime of the order)? The short answer is cloud-hashing is not profitable as you might expect. You can still generate profit but its value is minuscule compared to the investment. To concretely answer this question, I'm going to share with you a model I developed to calculate profit from the cloud-hasing service (bit-miner.com). Profit Model if you want to fiddle with the numbers. The Investment I bought a total of 30 shares for an investment value of 322$ (payment charges included) for 9.90$ a share. The service distributes dividends twice per month for the value of ~0.00128193 BTC per share. The Math Given the investment above, this service will put in my balance a total of ~0.0807714 BTC per month. Assuming the BTC/USD exchange rate is fixed at 255USD this means I will generate a revenue (not profit) of 20.59USD per month. Now, let's assume my investment will span between February 2015 and December 2016, I will break even on June 2016 and make profit of the value of 17.35USD if the BTC/USD exchange rate is still fixed at 255USD. There are 3 ways this situation could evolve (from today the investment date): • Best Case Scenario: The BTC/USD rate will increase and I will break even sooner and actually make more profit. For this profit to be substantial the rate should double if not triple (highly unlikely). • Normal Case: If the BTC/USD rate is still the same, by the end of this investment period, I would have generated 1.815 BTC for a cost of 322USD and a profit of ~140USD (exch. Rate BTC/USD 255USD) • Worse Case: The BTC/USD rate will drop and eventually I will be at a loss. Or, the service owners will decide it is not profitable for them anymore (given the increase of the difficulty factor) and they will sell the hardware and distribute the returns based on the number of shares owned. The catch is that this hardware deprecates quickly and everyone will be at a loss by the time the owners decide to sell. Before concluding, it's important to note that the Dividends per Share value is likely to decrease with time as it is inversely proportional to the value. All in all, if you want to experiment and get involved in the bitcoin scene and have a few hundred dollars you want to spend here or there, go for it. If not, find other ways to procure/invest in bitcoins that are cheaper and faster. Disclaimer: I'm not an economist or a financier, so please forgive any misuse of technical jargon. • Edit: I edited the Google spreadsheet to take into consideration the mining difficulty. The impact is not large, but it makes the projections more accurate.*. Cloud mining is basically banking on a coin, not an investment. IF you believe a coin will have a substantially higher value then cloud mine. Because if it doesnt, you lose your investment. The companies basically are 'selling' the risk. They get their pay either way using this method. Ill repeat the companies buy the hardware, and sell its power at current value. They get their ROI upfront for their expected return before the next hardware swap and sell the risk to investors. Thats it, you take a risk. Will the coin go up? If not, net-loss. Even if it stays the same, net-loss. Thats really it. If you buy into say a contract, that is for bitcoin. And it goes up $400. Youre going to make green. If you say, buy into monero contract, and it remains unchanged youre going to lose. In all cases, you lose if the value of the coin goes down. Those contracts are priced for a duration, that they expected to earn during that time if they used it themselves. And they took network difficulty rise into consideration when they priced. Thats why even if the coin stays the same, you often lose. Agree with tom drum. Cloud mining can be profitable if you are betting that the value of a coin would be more than it is 24 hours 2 days, a week, 2 weeks from now. Basically you pay 60 dollars for 60 dollars worth of hashing of another coin right? Well if in 24 hours that coin goes up 15% then you have 70 dollars. Its another way of trading for coins basically while playing a gamble with the volatility of a coin. Even 24 hours mining zcash and getting a loss may not be a loss if the next day zcash goes up 20%. Because now you have that coin and not bitcoin. Nicehash sells this service of betting on altcoins or even betting on Bitcoin based on the 24 hour mark you purchase. Its a gamble if you make a profit because they will always sell the hash rate at the cost of what it would make if it was at that speed for 24 hours. Since your hash rate would not change. But the value of the coin would. You could make a lot if you knew what you were investing in. But the vast majority of people say its a scam because they tried it once, invested in bitcoin and got a loss because bitcoin value went down that day. For cloud mining company there are 2 main reason in selling contracts: • It is the way of diversification risks - they have lot of operational spends to keep facility working, so money from contracts give stability, while coin prices can changes quickly and unpredictable. • By selling contracts they can have fast money which they can use to buy more mining hardware right now, not in long time when mining will return the investments. It's same as when you take loan from bank - it's less effective than spend own money, but allow to use money right now. For clients cloud mining can be profitable and ever well-profitable (some contracts have over 200% profit predictions) but you need to choose company and contracts wisely! There is lot of scam on this market and ever trustworthy companies can have non-profitable contracts (like it happened with Dash contracts after ASICs for Dash mining were invented). I have written detailed analytic article about cloud mining -. It's big, detailed and explains most common questions, compare companies on the market and contracts available. There is also interesting profit calculations there which will help to choose wisely. By Rob Urban and Sonali Basak A big short is building. The planned introduction of contracts at CME Group, Cboe Global Markets and Nasdaq will make it much easier to bet on a decline. Hedge funds, which have largely stayed on the sidelines, are waiting for the Chicago Mercantile Exchange's futures market to open for a fresh opportunity to bet against the cryptocurrency, according to more than a half dozen people trading the assets. 'The futures reduce the frictions of going short more than they do of going long, so it's probably net bearish,' said Craig Pirrong, a business professor at the University of Houston. 'Having this instrument that makes it easier to short might keep the bitcoin price a little closer to reality.' Bitcoin has gained millions of percentage points since it started trading in 2010. An investment of $US1 at the beginning would now be valued at more than $US1.4 million ($1.84 million). A dollar invested in the S&P 500 stock index for the same period would now be worth less than $US4 including reinvested dividends. Bitcoin has been especially volatile recently, plunging nearly 20 per cent in less than 90 minutes on November 29, to $US9009 after briefly topping $US11,000. The price has since recovered, and was trading at more than $US11,332.01 at 11.42am in New York on Monday, a 3.9 per cent jump since Friday. Cboe said on Monday that it will start trading bitcoin futures on December 10 and CME's contracts are set to debut on December 18. Nasdaq is planning to offer futures next year, according to a person familiar with the matter. Cantor Fitzgerald's Cantor Exchange is creating a bitcoin derivative, and startup LedgerX already offers options. Ari Paul, co-founder of hedge fund BlockTower Capital and former portfolio manager at the University of Chicago endowment, said people are mistaken if they think the famously volatile cryptocurrency is a clear-cut short. 'While some traders are eager to be able to short bitcoin and will do so when the futures are launched, there is a far greater amount of money eagerly awaiting the futures as a vehicle to go long,' Paul said. 'Small potatoes' There are limited ways to short bitcoin today, said Michael Moro, chief executive officer of Genesis Global Trading. The cryptocurrency trading platform has lent about $US20 million to investors to take bearish positions, which were mostly to hedge existing bets, he said. Companies like GDAX, BitMEX and Bitfinex allow investors to buy assets on margin for short periods. 'With the existing exchanges, no one can get in and short $US1 million,' Moro said. 'It's really small potatoes on what you can do today. The CME guys open up a new frontier.' Bitcoin's 90 per cent surge this year has drawn a range of reactions from Wall Street. JPMorgan Chase & Co. CEO Jamie Dimon famously called the cryptocurrency 'a fraud', while bulls including Thomas Lee at Fundstrat Global Advisors and hedge fund manager have predicted more rises. The ability to short the currency is 'an important part of the ecosystem', said Novogratz, who recently began to raise $US500 million to invest in cryptocurrencies. Novogratz, a bitcoin believer in the long term, has said short trades can be risky. 'There is a lot of froth,' he said at a cryptocurrency conference last week in New York. 'This is going to be the biggest bubble of our lifetimes.' ![]() Bitcoin cloud mining uses the. Not clear as to the difference of the Monero contract vs others. We have been buying mining contracts with Genesis mining several. Genesis Mining is the largest and most trusted cloud Bitcoin mining provider in the world. We are dedicated to transparency, efficiency, and maximizing your profits. Short sellers essentially borrow a security, betting that the price will fall and they can pocket the difference when they return the holding. The strategy carries risks. Borrowing bitcoin can be difficult, and price swings sudden, said Moro of Genesis. 'The concept is that this is such a volatile market that it's going to scare a lot of investors away,' said Kerner of Flight VC. To Portal 51 minutes ago recently got into crypto currency after FinalHash contacted me and offered to teach me anything I wanted to know and provide me with some ASIC miners to get comfortable with. Now I'm sharing my experience with you! ▽ Support me by sending BitCoin (Wallet Address) ▽. Dec 28, 2017 #!WV⑥ free Bitcoin for students. Bitcoin mining calculator euro.Both new and used bitcoin mining rigs and ASICs are available on eBay. This 3D printed plastic parts kit for. Pocket calculator? – No, I'm afraid not. Afresh /ə freʃ/ adv again. Synonym anew. ① African / fr kən/ adj referring to Africa e noun a person from Africa. Thing is funny. Antonym annoyed d to keep someone amused to keep someone inter- ested and happy @ This jigsaw will keep the children amused for hours. Jan 13, 2015 - It is difficult to calculate an exact cost to mine a Bitcoin, because this depends on the exact hardware used, your cost of electricity, and a prediction of the future difficulty adjustments that will occur. For example, Cointerra recently shut down its cloud mining pool because it was losing money. Mining rig kitEverything you need to start mining your cryptocurrency with mining rig. 8-GPU upgrade kit for V3. Is there a separate connector kit? “ Reduces the cooldown of all Mining Rig abilities by 25 percent. Start mining Bitcoin today! ![]() Results 1 - 16 of 5293 - bitcoin mining calculator euro md camarillo novela pasion prohibida final dudley boyz 3d compilation synonym uninflated 2l bottle vulco san. Free online; Bitcoin mining difficulty chart; how does someone get Bitcoin; Bitcoin mining calculator khash; mining Bitcoin bitcoin cloud mining calculator. Bitcoin Mining Calculator. Stick this post to the top. Do you mine for fun? Then the numbers might not mean a lot to you. Though chances are you want to rake in some money from your venture, so the numbers matter to you. There are many ETH mining calculators you can use online and they give valid results. CoinWarz Ethereum difficulty chart. Popular Mining Calculators. Bitcoin Mining Calculator Ethereum Mining Calculator. Jun 12, 2015 - In order to see if a mining contract is worth your money, you basically need to calculate how much money you will make from the money you invest. Just like any. We have no idea what the Bitcoin exchange rate will be in five months or a year from now, nor what the mining difficulty will be. This is what. If you have a not so powerful mining rig or and ASIC and you want to be able to effectively mine on multiple pools that use variable difficulty instead of a fixed one. By default the multipool strategy used by the mining software is set to failover, meaning that if the first pool stops responding the miner will move on the next one. However, these calculators may not consider all the factors that affect the profitability of ETH mining. That is why if you use a number of calculators you end up with different figures. This article will look at the details that matter when you calculate the costs, revenue, and profits in ETH mining. The Points Covered Will I nclude. Cloud Mining This is outsourcing the mining. Cloud mining companies will charge you a fee, usually for a fixed-term contract. A short contract might be one year.Cloud mining is profitable because the GPUs are bought in bulk, hence at discounts. ![]() They have the option to base operations overseas, in countries where electricity costs are low.You can get a smart deal if the company hedges you against the fluctuations in the market. These companies also guarantee that the system is always online to maximize mining profits. The hash rate in the Ethereum network has been rising over the past few years.You would expect blocks to be mined faster with this rise but they are not because the network automatically adjusts difficulty so that a new block is mined at the constant time of 12 seconds. Consequently, you will always need a faster device which has a higher hash rate to mine. However, a high hash rate does not guarantee profits; electricity is still a big factor. The hash rate is often denoted as mega hash per second, a million calculations in a second. It can also be labeled Giga hash, which is 1000 mega hash or terra hash; this has 1000 Giga hash.Simply put, a higher hash rate means greater mining speed. Costs To get something out of eth mining you need to put something in. The main costs you’ll face include the hardware and setup costs as well as the maintenance costs. These costs apply to solo mining and pool mining. For cloud mining, the fee you pay for a contract is your cost. Hardware You need a computer, a GPU, and other accessories depending on the setup. The best integrates a high capability to give you a high hash rate and economy in power consumption. You can also include cables, air conditioning equipment, and a power supply unit (PSU) among your hardware expenses. Electricity Electricity costs vary from country to country. Mining consumes a lot of electricity. Apart from the power consumed by your mining hardware you might need to cool the room, this adds to your potential electricity costs.If you can keep your electricity costs minimal, you are bound to enjoy healthy returns on your investment. An efficient PSU is a shrewd investment if you look at the long run. Plus if you choose the most energy-efficient GPU that can offer a respectable hash rate, you’ll cut your power bills. Fees If you mine in a pool, you’ll pay a fee to belong as well as a payout fee charged on each payment sent to you. Pools don’t charge the same rates though the variation is low. These fees are another value you will subtract from your income.If you outsource, your contract states the amount of a year’s subscription to the cloud mining entity. Rewards A successful mining operation will receive gas fees and payment for any uncles included in the block. Gas When you execute a transaction or contract in the Ethereum network, you use gas. A calculation that requires more hashes or computing capability will need more gas. While gas is not a token, it is usually measured and paid out as a fraction of ether. Gas is important because it assigns a value to transactions within the network. It prevents miners from performing computations that have no value to the system and makes it costly for scammers to attack. The Ethereum network does not assign a value to gas because the market value of ether fluctuates while the difficulty to mine may not. As such, gas is focused on the mining costs. The price or value of ether is tied to external forces on the other hand. Uncles An uncle is a stale block, usually beat to the blockchain by another block. The Ethereum network compensates miners for these though they receive a lesser reward. As you mine a block, you’ll receive a reward for no more than two uncle blocks included. The pay you receive is for uncles up to six blocks back. The maximum you receive for an uncle is 7/8 of the block reward. This pay reduces as you go back from the present block and there’s no reward beyond 6 steps back. Uncles are not a factor you can project accurately when estimating income; you’ll only know how much you earn from uncles when you have earned! Calculations Predicting the cost in mining is easier than guessing how much you will earn because of the rising difficulty and the unpredictable returns you can earn in bonus payments. Costs To forecast costs for pool mining, sum the projected pool fees, electricity bills as well as installation and hardware costs. For solo mining, you incur electricity costs plus hardware and installation costs. With cloud mining, your costs are condensed into the contract charges. You can predict to a reasonable certainty how much ether you will mine based on your firepower, but there’s less certainty on the possible rewards. Revenues They include the ether earned from all blocks (5 ETH) as well as the rewards. Revenues are easier to calculate after mining since you have all the information. However, a close estimate is possible once you know your hash rate. Note that in pool and cloud mining you might miss out on gas and payments for uncles depending on your contract. Conclusion When you have ether you are not yet home and dry. The value of ether is dependent on its current rate against the dollar. Whether you’ll hold the ETH or convert it to bitcoins or dollars will affect the profit or loss margins you make. The price of ether against the dollar fluctuates, this volatility has attracted a number of speculators. 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. If you want to invest in bitcoin mining without the hassle of managing your own hardware, simply head into the cloud to earn your coins. Cloud mining,hash trading,hashnest,bitcoin,litecoin,cloud hash,Hash exchange,Bitcoin mining,Mining hosting,Trade GHS,Crypto exchange. Mar 29, 2017 Mining Start Mining Ethereum & Factom For FREE! You might not have your own mining rigs to solo mine or join a pool so the next. Get FREE Cloud Mining Speed. 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. |
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March 2018
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