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Everything On Bitcoin Cloud Mining You Wish You Knew [2018 Guide]

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Bitcoin Cloud Mining Guide

Despite its signature ups and downs, the trend for the value of Bitcoin continues to climb. And due to how many stories have been posted about overnight millionaires investing in Bitcoin, the global awareness about this digital token has exploded.

Especially for newbies, the concept of using your computer to mine Bitcoin can seem like a lucrative venture – at least a first. However, after a bit of research, the amount of required hardware, electricity costs, and technical expertise usually dissuades most would-be miners from entering the market. But these financial and technical barriers to entry have been lowered thanks to the popularization of cloud mining.

Cloud mining gives people an alternative way to mine cryptocurrencies, as it eliminates the need for expensive equipment, figuring out mining pools, or managing the mining platform.

What is Cloud Mining?

Cloud mining is a new method of mining cryptocurrencies such as Bitcoin by using a distributed network of computers that sit “in the cloud”. These computers share the processing power and resources amongst each other, and have been configured for the specific use of mining these coins at minimal costs for customers. In practice, cloud mining companies rent out their servers for customers to mine cryptocurrencies, which are stored in datacenters.

This method of mining has a few distinct advantages. For example, if you reside in a country where electricity costs are high, it would make sense for you to outsource your mining activities to a place where electricity is less expensive. There are other advantages of cloud mining too: not dealing with technical problems such as overheating, troubleshooting, or upgrading hardware.

How Cloud Mining Works

To ensure that transactions with Bitcoin and other currencies are valid, a process of validation for each transaction is required. To put it simply, if a person purchases an item using Bitcoin, an algorithm checks to see if the coins spent are taken from the customer’s wallet. This process prevents the problem of double spending.

This process of verifying each transaction, as well as the coin’s rising supply, means that there is always a demand for additional computing power. This process is described as mining, as it controls both the validations of transactions and the creation of new Bitcoin into circulation. Miners provide the needed computational power, and in return, they are rewarded with Bitcoin. This process will continue until Bitcoin hits its hard cap of 21 million coins, which makes this currency limited in supply.

For each block to be created in the blockchain, miners are required to solve a computational puzzle. This puzzle is really a guessing game of being the first to discover what’s known as the hash key to verify a transaction, or to mine through a block of Bitcoin. Trillions of guesses, otherwise known as hashes, are required to win the reward of the block. For this reason, there have been Bitcoin mining “pools” set up to guess the right hash number faster. Each member of the pool is rewarded for their contribution, with the Bitcoin split amongst all members when they find the correct number.

Is Cloud Mining Profitable?

There is no shortage of people who regret getting in during the earliest days of Bitcoin. This was a time when people could mine coins using their regular desktop computers. As an idea, cloud mining may seem like a way to return to the golden years of Bitcoin, back when everyone was making money without any technical expertise.

Unfortunately, the reality is that cloud mining could fail to live up to customer’s expectations. Although there are situations where remote mining could be worthwhile, most ventures into Bitcoin mining will struggle to break even. This is due to a number of reasons, as we will explore below.

To get started with cloud mining, you will be required to enter a mining contract. This contract will specify the hash rate and length of time. A higher hash rate will lead to more coins being mined and electricity consumed. You should expect to pay about $170 USD for a 1000GH/s hash rate. A cloud mining contract’s length can range from 6 to 36 months or more.

When it comes to making money with cloud mining, your return on investment will be determined by a number of factors. Things like the price of Bitcoin, its exchange rate, power cost, and the mining provider you use will all play a part. Also, the maintenance fees that a platform charges will affect your bottom line. To get an idea of how much you could make from cloud mining, you can use a mining profitability calculator to see if the investment is worth your money.

How to avoid being scammed through Cloud Mining

Some companies in the cloud mining space are scams, while others are sophisticated Ponzi schemes. For this reason, you should evaluate the legitimacy of the company in question before entering into a contract with these firms.

Some key factors of these companies include the following:

Pictures of the data center:

If a company is running a legitimate cloud mining business, then there should be photos of its datacenter available.

Available mining address:

You can often verify a company through its address on the blockchain. Also, the company should sign the blocks that it mines, as this can confirm ownership.

Avoid claims of limitless processing power:

Any mining business will be constricted by how many hashes it is able to rent out to its customers. If a company claims that there is no limit to its hashing power, or does not disclose this information at all, then the firm should be avoided.

Inability to withdraw balance:

If a platform does not give you a clear and easy way to get your coins, then it is most likely a scam.

Hidden domain contact details:

A legitimate business should bend over backwards to prove that it is trustworthy, with available contact details as a priority. Private domain registration is an indicator that a cloud hashing platform is a scam.

So, it is important that you conduct your own due diligence when it comes to cloud mining. You need to understand what you are signing up for before entering into a contract with any service, and the exact risks and costs involved. However, this not to say that every company in the mining space is illegitimate. Although the cloud hashing business is filled with scams, there are some reputable companies out there, and they could provide you with a profit under the right economic conditions. Yet still keep in mind that cryptocurrencies are a high risk investment with no guarantees of success or even getting your money back.

Categories of Cloud Mining

There are some different kinds of cloud mining platforms that you can sign up for. Each has its strengths and weaknesses and can vary in price.

In general, there are three forms of remote mining available at the moment:

  • Hosted Mining: Leasing a machine that is provided by the cloud mining provider.
  • Virtual Hosted Mining: Your own virtual private server with mining software installed.
  • Leased hashing power: Lease a portion of the company’s hashing power, without the need for a physical or virtual machine. (This is the most popular method of cloud mining).

Calculating The Profitability Of Cloud Mining

Through the use of a cloud mining calculator such as the Genesis Clock, the cost of electricity and the initial investment for hardware is factored in. Yet most cloud mining services work on a month to month basis with the electricity and down payment factored into the charge. This bundling of costs means that it can be difficult to calculate your return on investment.

Calculating the Return on Investment for Cloud Mining

Calculating the return on investment for cloud miners differs from hardware miners. With physical miners, you can calculate your monthly charge by how much it costs to power it. This is calculated by multiplying your dollar per KWh by the power consumption of the unit. Once you figure this number out, you then multiply the sum by a conversion factor of 0.744, which is the ratio of seconds per month to joules of energy per kilowatt.

However, for cloud mining, you need to follow a reverse process for calculating your costs. This is because you are working with a monthly cost, and not a once-off investment. So, you are calculating the cost per kilowatt. This figure is found through dividing the running cost by a factor of 0.744.

Calculating Risk vs. Reward

When you put money into anything related to cryptocurrencies there will always be certain risks. Yet there is a way to make cryptocurrencies and the mining of these digital coins a profitable venture – provided that the math works out in your favor.

If you use a cloud mining calculator, you will discover that they will typically net you a return for 2-3 months before falling off in value. This drop-off is due to the fact that Bitcoin becomes harder (and less profitable) to mine over time. This means you could begin to lose money over a 4 to 6 month horizon.

Doing the math

If you visit a company’s pricing page, you will see the amount of hashes (mining power) and its cost to rent per month. For example, you could purchase 10 tera-hashes per second (10Th/s), and it may cost you $1,300 or the equivalent in Bitcoins. Using a Bitcoin mining calculator, you may see some surprising results.

After one month, you’d earn around $217 dollars in Bitcoin. This means after a year, you would end up with 4.1 Bitcoin in total. This figure may seem rather profitable, as it means you’d break even after just 6 months of mining.

But there are fees that you need to pay that would lower your net profit. These fees are known as MEF or Maintenance and Electricity Fees. For some cloud mining services such as Hash flare, the company charges 0.00045 USD per every 10 gig hashes per second, and 0.01 USD for each mega hashes per second using Scrypt.

With these extra fees included, the overall profit will be much lower: 0.0045 USD per 10 gigahashes per second each day equals $4.5 USD in fees. In one month, these fees will total $135, leaving only $82 per month in profit. This means you’d break even on your investment of $1,300 in 16 months. Provided that everything stayed the same in the world of Bitcoin, you would only be making a 6.8{655bb1ac81fcc8fe1349773f52235b1b7ffa4867e106313e43ef9ab5e2338f9c} return on your investment. This is highly unlikely however, as its exchange rate and mining difficulty fluctuates month to month.

The good thing about the volatility of Bitcoin is that if the coin increases in price, you’d make money on your investment equity, as the coins you mined before are now worth more. However, it could be argued that you’d be better off buying some Bitcoin to begin with and holding onto that initial investment of $1,300 in Bitcoin.

But what would happen if Bitcoin were to drop in value? If the price drops, then it would take you far longer for your investment to break even. And for the cloud mining company, they would’ve already made their money from the mining contracts it supplies, leaving them with little incentive to worry about their customer’s returns. Also, there is always the possibility that Bitcoin’s value will be wiped out entirely, so the return on investment for mining the coin would be zero.

The news gets worse for investors, as the above scenarios are the best case scenarios. As we discussed, most cloud mining companies are scams, or sophisticated Ponzi schemes claiming to be legitimate investments. What usually happens is that these firms will take money from new customers and use that revenue to pay out established customers. This scheme continues until the platform either falls apart or owners decide to book it with its investor’s money.

The Bottom Line: is Cloud Mining worth It?

Like gambling, cloud mining is much like a casino where the odds are heavily stacked against you.  And even if you do end up making money (through sheer luck), you may have been better off buying Bitcoin or another currency and holding on to it in the first place.

For those who are committed to the idea of investing in cloud mining, you should always double the check the company’s credentials and understand how much you could lose before you start counting your profits. The value of Bitcoin can change daily, so be prepared the ride out the volatile swings as you are in this game for the long run.

Be careful with your money and never take a company’s claims at face value.

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Crypto Mining

Genesis Mining: Best Bitcoin Cloud Mining Pool to Earn Crypto Profits?

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About Genesis Mining

A hashpower rental agent, Genesis Mining has joined the portals enabling users to mine cryptocurrencies without incurring the substantial expense of establishing a mining rig.

A smart platform that makes it simple for a user to log in and buy power, the company pitches its offer at the majority of cryptocurrency enthusiasts who won’t likely set up an extensive home-based mining outfit. That said, larger mining houses also avail themselves of the Genesis Mining offer.

Focused on optimized mining since 2014, the platform mines what it considers the most popular cryptocurrencies. Rather than mine “an overcrowded market,” the company steered mining into alternatives to bitcoin which can later be traded for BTC.

This approach allows users to skirt the issues facing many, especially individual miners at present – the failing profitability of bitcoin mining. With the balance of power and profitability experiencing a teeter-totter existence, mining on the Genesis Mining platform avoids those difficulties altogether. As a result, many users are not mining bitcoin, but rather following other crypto mining protocols that ultimately pay dividends in BTC.

Bitcoin mining remaining popular nonetheless, the platform’s two million users retain the ability to mine the flagship coin directly through the platform.

Each user has faced the choice between buying into cryptocurrencies and setting up mining as an individual, or buying hashpower from a company like Genesis. While all bitcoin enthusiasts accept mining as a component of the blockchain construct, many more actively mine the coin. The question remains as to whether one should mine as an individual or make use of computing power available from brokers like Genesis Mining.

Many considerations prevail when a user considers mining, not least of which is the cost of the equipment needed. Electricity costs feature as a prominent consideration, as mining is power-intensive. Added to this comes bitcoin’s volatility, meaning a day’s mining can seem profitable at the outset, but ultimately return a loss at times.

Currently one of the largest players in the crypto mining scene, the company is the product of one miner’s experience of freeing up the wealth of altcoins. Started by Marco Streng in 2013, this Munich-based platform allows anyone to register and begin mining within minutes.

As the cloud-mining option gains in popularity, various platform offers diversify. As an example, Genesis Mining allows users to switch their mining power in order to target any altcoin listed on the exchange.

Why Choose To Mine With Genesis Mining?

Gentle to newcomers and smart for experienced users, Genesis Mining does have better accommodation for both individual as well as bigger demands. While most hashpower brokers have a decided lean towards either smaller bread-and-butter users or alternatively giant block sales to large mining concerns, Genesis won’t delay either party in getting up and mining in as short a time as possible.

Credit card payments are accepted by the company, allowing for a user-friendly interface where cryptocurrencies and fiat currencies can be used as payment. The company’s bitcoin mining algorithms are geared for the most profitable mining rentals. The hardware at play is state of the art and technology is all optimized to ensure miners are digging with the latest technology.

Because the company literally traveled the world to establish electricity charges in various countries, Genesis’ setup is thus optimized on two fronts: the latest hardware makes quick sense of mining activity, and the location of servers carries cost savings for users.

Streng has drawn on his own initial experiences of mining to build a UI that sees zero downtime and an overall “pleasant” experience. The company also makes much of being a “real company with real people working for it,” and Streng has built a user-friendly dashboard that sees many opt for the convenience and relative quiet of online mining.

Clearly a product of millennial concerns, Streng states onsite that the people involved are “traceable and transparent,” and goes on to add that he hopes people will notice the company’s pro-activity on forums and at conferences. Genesis deserves kudos for making transparency and visible fallibility a user-facing focus. Happy to journey openly with users and address issues as they arise, Genesis has far greater integrity than many other hashpower brokers out there.

In a bid to establish itself as a legitimate bricks and mortar offer, Streng has previously released photos on various platforms depicting the company hash farm in Iceland, amongst other infrastructure. The company is also planning a facility where users can actually watch live streaming of the mining rigs at work on their contract.

Streng went on record to say that he believes the trust factor is critical to the future success of the cryptosphere. Opining that another Mt Gox would not be good for the scene, Streng has worked hard to build a platform without hidden surprises. As to exactly how much hashpower Genesis mining can dispense, it appears that it operates in the range of several GH/s in the Scrypt mining arena, making it one of if not the largest supplier in this space.

Apart from a user-friendly build and a formulated approach to locales, based on previous, extensive homework, the company has also been aware of local regulations when establishing its hash farms in various countries.

The platform’s build has been logical, sometimes fortuitous (as in the case of their Chinese connection whom Streng met at a Berlin conference) and always user-focused. With an abundance of crypto fintech companies presenting a thinly-veiled offer that barely conceals their greed and paper-thin value, Genesis Mining has an open credibility few share.

Genesis Facts, Figures and Folklore

The company has spilled green thinking all along its route to establishment, and now heats a Bosnian school with the exhausted air generated by that mining rig station. When the company released its “lifetime contracts” offer, their servers went down under the heavy user demand, such was the uptake.

Looking at the current realities, users spending around $18 can expect to earn just $0.38/day, based on MH/s profitability. This means that it will take around two to three months to reach break-even. That said, the calculations reveal that Genesis is selling some pretty cheap hashpower. Looking at both base and input costs of establishing one’s own mining rig or buying hashpower from other similar brokers, some observers wonder how it’s possible that the company can offer such good prices to users.

Firstly, Streng set about minimizing unavoidable costs by targeting countries where electricity is cheap for mining purposes. Secondly, he negotiated great deals from suppliers in order to keep hardware costs down on mining rigs. Thousands of ASIC cards and accompanying rigs were purchased by Genesis to establish their offer, with a diversified bouquet also looming.

In addition, the company’s “Project X” allows miners to mine x11 and x13 algorithms. Dutifully aware of user temperament, Genesis is also responsive to user sentiments with Dogecoin and others to be added to the portfolio available to miners.

User forums show that there have been moans about the company, although these tend to concern the viability of mining, not lost funds or other negative experiences. It remains impossible to peg a uniform experience for users across the globe, but some calculations in chat rooms point to elusive ROI.

Most critique of the platform stems from calculations that extrapolate over a year or two, pointing to an ever-elusive return for the costs of mining. This seems to be more a reflection of coming down to the coalface of crypto, rather than a peculiarly greedy slant on the part of Genesis Mining, however. The company remains at pains to address user issues and – in comparison with its peers – seems at the forefront of maintaining genuine care and transparency.

Genesis Mining Conclusion

With regular promotions awarding miners vouchers for additional free hashpower and even upgrades, the site is popular for good reason. Although the company also entices members to enlist their friends and associates through an “affiliate” structure, this is nowadays less cheesy than it used to be, and something of a basic expectation from startups.

Without downtime due to crashes, and no pool fees (no pay-and-wait-a-moment as with other outfits of this nature) Genesis Mining is hitting a sweet spot for many with their costs and associated services. Loyal users swear by the speed and transparency of the rental concern, and it is demonstrable in the technical build that the development team have tried to optimize UX rather than any in-house benefits.

The company occasionally adds altcoins to its offering, polling users via Facebook to determine new additions of benefit to all. The company presents a diversified mining offer to users, who can mine cryptocurrencies that are scrypt algorithm-based coins and also those running on a proof of work (PoW) algorithm, too. ASIC and GPU mining is no sweat with Genesis either, and combined with speed and simple transparencies that populate the platform build, make it the default hashpower supplier for many.

You can learn more by visiting their official website: Genesis-Mining.com

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Most Fascinating Cryptocurrency Mining Facts in 2018 to Know About

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Interesting Cryptocurrency Mining Facts

With the rising popularity of cryptocurrencies a, it has become very important to separate facts from fiction. This is particularly important when it comes to cryptocurrency mining.

As more people try to get into cryptocurrency mining, many are finding out that it’s not quite what they envisaged. This is why we have written this facts based article to give intending investors a more realistic and objective overview of the crypto mining space. That said, let’s jump right in.

Cryptocurrency Mining is Rife in China

It is estimated that nearly 75 percent of the bitcoin mining pool is located in China. This is ironic in the sense that China itself has banned bitcoins as a cryptocurrency and all associated activities.

As a result, Chinese law enforcement agencies are actively cracking down on bitcoin mining pools located in the country. A recent incident involved the seizing of 600 bitcoin mining hardware in Tianjin from bitcoin miners who were using them.

Bitcoin Mining is Less Profitable and More Expensive

Before 2016, the reward for mining a bitcoin block was 25 BTC. Now, it’s been halved to 12.5 BTC per block mined. This will continue for another 210,000 blocks mined, and then halved again and so on.

This means that bitcoin mining isn’t as financially rewarding as it was a few years ago. Worse still, it has become increasingly more difficult to mine. This is because of the increased complexity of calculations miners need to solve before they can mine a block.

In a bid to increase profitability in the face of soaring equipment and energy costs, many miners have moved to localities with cheap energy costs.

Many are beginning to contemplate Scandinavian counties like Norway and Sweden, while others are looking to relocate to Venezuela where thee electricity cost required to mine 1 BTC is less than $600.

For those who can’t move, they are choosing to rent miners from mining pools and hoping to get paid for those miners. This is known as cloud mining.

Many are quickly jettisoning solo mining and joining mining pools in the hopes of profit maximization. If you’ll be joining the bitcoin mining trend, we do recommend pool mining as against doing it all alone.

Proof of Stake and Proof of Work Drive Bitcoin Mining

You would have heard of these two terms if you’ve been around. More popularly known as PoS and PoW respectively, these are the major mechanisms that drive the cryptocurrency industry.

PoW is the most popular with a 30 percent share, while PoS only boasts of 18 percent. There are also cryptocurrencies that combine both mechanisms. These are called hybrids and account for 8 percent, while a small 4 percent represent Proof of Importance (PoI) and Proof of Capacity (PoC).

If you want to mine cryptocurrencies, it would be safer to mine those using PoS or PoW mechanisms as they are popular and in demand. In case you were wondering, Bitcoin uses PoW.

Bitcoin Mining Chips Have Evolved

Bitcoin mining has come a long way from the early days when they could be mined on computers. Those days, you only needed a laptop or desktop to do the job. As it increased in value and demand, it needed more powerful processing units.

This birthed the need for graphics processing units (GPU) which were capable of producing more output faster. They were followed by FPGAs and now the more efficient and effective Application Specific Integrated Circuits (ASIC) miners.

Although these miners are often expensive to buy –usually costs between $1,000 and $3,000- they are currently the best hardware miners for bitcoins and other cryptocurrencies as they have high hash rates.

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NiceHash: Bitcoin & Cryptocurrency Mining Hash Power Marketplace

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About Nicehash

With the last few years’ arrival of computing power marketplaces, NiceHash [NiceHash.com] is emerging as one of the largest and most successful.

Based on a model of a mutual economy, buyers and sellers of computing power contribute to the platform from all over the globe. The computing power traded on the platform is tailored to apply to altcoin mining. Having emerged as a logical upshot of mining protocols generating profits in a new asset class, the company provides power sellers with an easy way of earning money via NiceHash Miner.

As a seller on the site, the GUI software auto-sells available computing power to competing buyers for the highest price. As the computing power is remotely employed, the site’s dashboard gives sellers pertinent data and intel to optimize regular mining.

With the NiceHash marketplace, buyers can shop for any amount of hashing power on any major hashing algorithm, and can mine new and established altcoins on a pay-as-you-go structure. Moreover, on the platform, buyers are free to make immediate bids on available power without having to be tied into any longer-term arrangement once their needs have been met.

Indeed, the company does not force an onerous registration process to endure before trading on NiceHash. Although the company suffered a loss of around $63 million to a hack – an incident that cost the CEO his job – it seems a successful patch has been applied to that possibility in future. The company has since been at pains to highlight their successful addressing of such potential going forward.

NiceHash Services Immediate Hashing Needs

Although Cloud Mining has attracted loads of negative press, with frequent scams and hidden costs abounding, NiceHash has avoided both greed and bad publicity. Often billed as a “multi-mining pool” that allows miners to employ any hashing algorithm, the power exchange has a large user base of some quarter of a million daily users.

Ranked as a serious cloud miner, the company opened for business in 2014. Since then, miners seeking additional power can employ the platform to enjoy a quick and wholly automated process that gets them the computing power they need. All payment protocols are crypto-centric and the developers have streamlined all processes to enable a fast, easy transaction at every turn.

Some of the site’s benefits include the fact that the AI at play will switch between cryptocurrencies, based on prevailing market prices. In other words, the profits from mining a certain coin on a certain algorithm may be surpassed by another altcoin while mining is underway.

In this case, the software will switch to mining the highest profit in real time and mine the other higher-value coin. For a myriad of reasons, sellers find that they have computing power to spare and a wide variety of algorithms to pursue. This has enabled a vibrant marketplace. So vibrant, in fact, that NiceHash offers tailored consumption solutions to large mining houses, and not just individual users.

With such an automated solution, many users enjoy concentrating on the basic figures to determine profitability, mining in an almost guaranteed way each day. The site’s software is geared, very much the intelligence at play in forex apps, to always maintain and maximize a miner’s profitability.

Sellers sell their availability on the hashpower exchange to miners looking for a profitable mining contract. The fees charged by Nicehash sit at three percent. All parties are paid only in Bitcoin. While the profitability of Bitcoin mining has been a hot topic within the cryptosphere recently, it seems that in spite of the fees levied by NiceHash, sellers are making acceptable money by selling their computing power. Indeed, it appears that for many, selling available power is more profitable than mining the currency themselves.

NiceHash Pools

Onsite, NiceHash displays guidelines and other intel for third-party pool operators and also pool users, and pools of users benefit from NiceHash through the massive hashing power accessible on the platform. Optimizing initial setup, a pool can also run through a trial phase simply buying hashing power to confirm that an overall mining rig is performing as expected.

The “renting” of the hashing input often enables a far more cost-effective arrangement, particularly for mining startups. Indeed, for some buying computing power, a marketplace like NiceHash is an essential leg-up, without which barriers to entry will remain. Spared the capex requirement to purchase hardware, many mining outfits could turn a profit no other way.

NiceHash pays 5 percent of an order’s value to participating pool users who secure additional clients. Through a loyalty protocol, users can earn commission fees by actively engaging others and getting them to employ the site’s services. For many involved with buying daily mining power via the site, especially on a large scale, NiceHash is an essential backup facility for when they have unavoidable downtown.

The company kicks into two imperatives – prevent wasted idle downtime for sellers and preventing those same contract miners from migrating to healthier pools, costing the buyer once they are back online. Particularly during longer downtimes, NiceHash attempts to mitigate losses and dispense power as equitably as possible to enable minimal losses all round.

Not only a massive amount of hashing power, but also tight security, a sleek experience and regular payouts await users. Support is adequate and responsive, and the platform is now entrenched as a go-to option for miners. The percentage of coin creation in the altcoin universe as a whole that NiceHash can lay claim to is unknown, but they are playing an important role in the crypto ecosystem.

Enabling transaction confirmation on several decentralized ledgers by indirectly providing new coin creation and transaction validation on several different blockchains. Here are some interesting facts in numbers:

NiceHash Exchange Conclusion

Listing “585,000+ daily active workers” and 166,000+ orders served and settled, NiceHash is growing and finding itself a persistently valuable service to users. Based in Slovenia, the company has banks of servers positioned across the globe. Payments happen from a frequency of daily and start at 0.001 BTC.

Offering an alternative to giant mining houses, or rather, their initial setup, anyone with enough available BTC can buy whatever volume of mining power they desire. For the ambitious, the platform ends up being very much a matter of needing money to make money from mining where the Bitcoin mining profitability threshold generally oscillates remains a volatile input.

With Bitcoin mining becoming dominated by powerful investors who run dozens upon dozens of mining rigs, typically Bitmain Antminer machines, many enthusiasts see the flexibility and potential power of NiceHash as a positive countermeasure.

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