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01 August 2016

Best Bitcoin Cloud Mining Contract Reviews


Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres.What is Bitcoin Cloud Mining?

Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.

Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres.

Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble.

What are Bitcoin Cloud Mining Advantages?
  • No excess heat to deal with
  • Quiet because of no constantly humming fans
  • No electricity costs
  • No bitcoin mining equipment to sell when bitcoin mining is no longer profitable
  • No ventilation problems with hot equipment
  • No preordered bitcoin mining hardware that may not be delivered on time by bitcoin mining equipment suppliers
What are Bitcoin Cloud Mining Disadvantages?


FRAUD!!!
  • Unverifiable or otherwise shady Bitcoin cloud mining operations
  • No fun! If you like building your own Bitcoin hashing systems.
  • Lower profits – Bitcoin cloud mining services or operators have expenses
  • Bitcoin mining contracts may have the ability to cease operations or payouts in the contracts if the Bitcoin price is too low
  • Lack of possession of the Bitcoin mining hardware
  • Lack of ability to change the Bitcoin mining software
  • Best Bitcoin Cloud Hashing Services

Being listed in this section is NOT an endorsement of these services. There have been a tremendous amount of Bitcoin cloud mining scams.

Hashflare: Hashflare offers SHA-256 mining contracts for $1.60/10 GH/s. More profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.

Genesis Mining: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Use the code mWpwy4 to get a 2.5% discount. GM offers three Bitcoin cloud mining plans: 100 GH/s ($26/Lifetime Contract), 2,000 GH/s ($499/Lifetime Contract), and 10,000 GH/s ($2,400/Lifetime Contract). These plans cost $0.26, $0.25, and $0.24 per GH/s, respectively.

Minergate: Offers both pool and merged mining and cloud mining services for Bitcoin.

Hashnest: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.

Bitcoin Cloud Mining: Currently all Bitcoin Cloud Mining contracts are sold out.

NiceHash: NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices.

Eobot: Start cloud mining Bitcoin with as little as $10. Eobot claims customers can break even in 14 months.

MineOnCloud: MineOnCloud currently has about 35 TH/s of mining equipment for rent in the cloud. Some miners available for rent include AntMiner S4s and S5s.
Best Bitcoin Cloud Mining Contracts

Bitcoin cloud mining contracts are usually sold for bitcoins on a per hash basis for a particular period of time.

For example, Pay per GHash/s would be 0.0012 BTC / GHs for a 24 month contract.

Contracts vary from hourly to multiple years. The major factor that is unknown to both parties is the Bitcoin network difficulty and it drastically determines the profitability of the bitcoin cloud hashing contracts.

Bitcoin network difficulty is a measure of how difficult it is to find a hash below a given target.

The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for shares.

The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks.
Best Litecoin Cloud Mining Services

There are limited options for Litecoin cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to litecoin.

Hashflare: Hashflare offers scrypt mining contracts at $6.60 per 1 MH/s with a minimum purchase of 1 MH/s.

Genesis Mining: Genesis Mining offers Litecoin cloud mining contracts.

Minergate: Offers both pool and merged mining and cloud mining services for Litecoin.

Eobot: Eobot offers Litecoin cloud mining contracts with 0.0071 LTC monthly payouts.
Best Dash Cloud Mining Services

There are limited options for Dash cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to Dash.

Genesis Mining: Genesis Mining is the largest X11 cloud mining provider. Use the code mWpwy4 to get a 2.5% discount and no maintenance fees. GM offers three Dash X11 cloud mining plans: 1 MH/s ($24 per MH/s per year), 20 MH/s ($420 per 20 MH/s per year), and 100 MH/s ($1,900 per 100 MH/s per year). These plans cost $24, $21, and $19 per MH/s, respectively.
Best Ether Cloud Mining Services

There are limited options for Ether cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to ether.

Hashflare: Hashflare is a large Ether cloud mining provider. Ethereum cloud mining contracts cost 100KH/s = $4.25 for a one year contract.

Genesis Mining: Genesis Mining is the largest Ether cloud mining provider. Ethereum cloud mining contracts cost 1MH/s = $37 (1 Year Ether Mining), 25 MH/s= $925 (1 Year Ether Mining) and 100 MH/s= $3700 (1 Year Ether Mining).

Eobot: Eobot offers Ethereum cloud mining contracts with 0.0060 ETH monthly payouts.

This Ethereum cloud mining guide will show you how to mine Ethereum using Amazon cloud servers.
Bitcoin Cloud Mining Scams

There have been a tremendous amount of Bitcoin cloud mining scams like the possible $500,000 Bitcoin cloud mining ponzi scheme that was uncovered. Potential buyers should be extremely guarded and careful before purchasing any bitcoin mining contracts. Services to beware of:

Scrypt.cc: Scrypt.cc allows purchase of KHS in a matter of seconds, start mining right away and even be able to trade your KHS in real time with prices based on supply and demand! All KHashes are safely stored and maintained in 2 secured data-centres.

PB Mining: Claims to operate Bitcoin mining ASIC hardware. When customers buy a bitcoin mining contract then they will begin earning Bitcoins instantly. At Piggyback Mining, they cover the electricity costs and all Bitcoin mining pool fees. The Bitcoin mining contract is 100% insured because they want customers to succeed.

Bitcoin Cloud Services (BCS): Appears to have been a $500,000 Ponzi scam fraud.

Zeushash: Appears to have halted payouts.
Cryptocurrency Cloud Mining Companies

Hashflare: An Estonian cloud miner with SHA-256, Scrypt and Scrypt-N options and currently appears to be the best value.

Genesis Mining: Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Use the code mWpwy4 to get a 2.5% discount.

Minergate: MinerGate is a mining pool created by a group of cryptocoin enthusiasts. It is the first pool which provides service for merged mining. This means that while mining on our pool you can mine different coins simultaniously without decrease of hashrate for major coin.

Hashnest: Hashnest is operated by Bitmain, producer of the Antminer line of miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website.

Bitcoin Cloud Mining: Supposedly has been mining Bitcoin since mid-2013. All Bitcoin miners are located in a state-of-the-art data centre in Australia and they have direct access to high quality equipment and 24/7 support.

NiceHash: NiceHash offers you to sell and buy hashing power. Selling hashing power is as simple as connecting your miner to our stratum mining pools while buyers can buy hashing power on demand, on pay-as-you-go basis. Claims to bring an innovative easy-to-use and risk-free cloud mining service. You can mine the vast majority of popular coins, based on SHA-256 (Bitcoin, etc.), Scrypt (Litecoin, Dogecoin, etc.), Scrypt-N (Vertcoin, etc.) and X11 (DarkCoin, etc.).

Eobot: Claims to be the easiest, cheapest, and best cloud mining solution. Start with as little as $10 using PayPal and choose between any cryptocurrency including Bitcoin, Litecoin, Peercoin, Namecoin, Feathercoin, Dogecoin, NautilusCoin, and Vertcoin.

MineOnCloud: MineOnCloud appears to have obselete hardware. It was launched on November 2013. They offer Bitcoin mining contracts for SHA256 using a very stable ASIC 28nm chip. They have two bitcoin mining contract options - a day pass and an annual contract. Customers can choose the Bitcoin mining pool and change every month for free with year contract.

Scrypt.cc: Scrypt.cc allows purchase of KHS in a matter of seconds, start mining right away and even be able to trade your KHS in real time with prices based on supply and demand! All KHashes are safely stored and maintained in 2 secured data-centres.

PB Mining: Claims to operate Bitcoin mining ASIC hardware. When customers buy a bitcoin mining contract then they will begin earning Bitcoins instantly. At Piggyback Mining, they cover the electricity costs and all Bitcoin mining pool fees. The Bitcoin mining contract is 100% insured because they want customers to succeed.

Bitcoin Cloud Services (BCS): Appears to have been a $500,000 Ponzi scam fraud.

Zeushash: Appears to have halted payouts.
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