Discover legit cloud mining companies where you can safely mine cryptocurrency. We have cloud mining reviews, coupons, new and tricks. What is cloud mining? Bitcoin mining is the process through new bitcoins get created while the transactions on the blockchain are being verified by the miners. The mining machines are solving complex mathematical problems in order to decide the validity of a transaction which requires either GPU, CPU or ASIC hardware to run continuously. If somebody wants to join the cryptocurrency mining business but does not necessarily want to deal with the noise and heat the mining hardware can cause. If they want to forget all the maintenance involved with the mining rigs, cloud mining is the best opportunity to still enjoy the benefits of participating in mining. During the cloud mining activity, clients can purchase hashing power from a provider in exchange for certain daily or monthly fees. After the contract is started, the earnings from the mining – that is running on the mining rigs of the cloud mining provider – benefits directly the client’s account. About Cloud Mining Companies There are many cloud mining providers on the market who offer wide range of services. Prospective clients however must be very careful when choosing the right provider as there are several scammer working on the market whose only goal is to build a ponzi scheme or directly steal bitcoins. When looking for possible cloud mining providers it is advisable to always check their ‘About’ section on the website. This page can tell a lot about the company, especially if there is no information on the site. If somebody is trying to hide themselves from the public on a market where trust is one of the main principle of the industry, it should be a warning sign that the company might not be providing legitimate services. Many providers just list general mission statements and nothing specific about the background of the firm, such as owners, founders or executive officers. It also worth doing a quick search whether the cloud mining names are coming up on and forums as unsatisfied customers are usually very loud in terms of complaining. The mining facility is the heart of a cloud mining company. This is where they can buy the client’s trust or loose it forever. Due to security reasons, the cloud mining providers never disclose the exact location of the farms, to protect the equipment from damages and theft. However if the company doesn’t even provide the city where the mining rigs are located, that should be again a red flag, that the hardware, which should provide the cloud hashing power, doesn’t even exist. As proof, providers often post pictures of the facility, these images worth careful examination. The pictures can tell a lot about the environment of the farm, like whether the heating is adjusted regularly and the electricity supply is sufficient. They can also provide information on the overall scale of the cloud mining business as the more machines they have, the more hashing power they can sell over the cloud. If the rigs are not organized and cables are hanging everywhere, it is not certain the provider can guarantee 100% uptime. As when a mining rig goes wrong, it can take a lot of time to fix it, if the rig is not even reachable. Causion: The term cloud mining company is often abused by bitcoin high yield investment programs, which are nothing more than online scam sites. Those website interfaces trick peole into thinking they’d be serious investment companies, making their money basically with cloud mining or crypto trading. But that’s mostly not true as they use to be ponzi schemes which only live from user deposits and only as long as new users make new deposits, so the older users can get parts of those new deposits as their “return on investment”. Those Bitcoin HYIP sites mostly only last for a couple of weeks till they are again offline. Here is an running at the moment. So stay away from them – those are no real cloud mining firms. Services Provided by Cloud Mining Companies Cloud mining providers are usually specified for bitcoin mining under SHA256 algorithm. However there are some company on the market who offers services for other altcoins under scrypt and X11 algorithms as well. Depending whether the provider has it’s own pool, they can restrict the free selection of mining pools to their own pool only. This can significantly reduce the earnings from the mining activity if their pool is not profitable enough. The pool fees are around 1-2% and the payouts can be share based (PPS) or pay par last N share based (PPLNS). It also worth checking the security level of the platform, since significant amount on money can be stored on the website, in terms of the mined coins. Using CloudFlare to protect the site from DDoS attacks is the minimum. It is advisable to use two factor authentication whenever it is possible and try to reduce the amount of mined coins in the wallet on the platform. Have them stored rather in cold bitcoin wallets. The registration process gives a first impression about the security measures of the site. If no captcha is asked for and the email confirmation includes the password given are strong signs that the service provider probably doesn’t care much about safety and security. Beside cloud mining at some platforms users can also sign up for special features • offers cloud SETI program to run the PC power to find aliens in the space. • and are running automining option which means, the miners are automatically adjusted to always mine the most profitable altcoin available in order to maximize earnings. • At clients can buy and sell hashpowers. • At there is a possibility to buy old mining rigs for bargains. • and pays interest on bitcoin deposits. Fees and Pricing Schedule The pricing of the cloud mining contracts consist of two elements. One is the regular charge for the contract to obtain the cloud mining service. This fee can be one time fee or paid regularly. The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. Hashnest and Bitsrapid on the other hand opted to remove maintenance fees and they have built it intp the contract prices. The pricing range of cloud mining is very wide. The cheapest bitcoin cloud mining contract on the market costs 0.99 USD per GH/s. The average price of the contracts are around 5-15 USD per GH/s. Some provider offers better unit prices if more hashing power is purchased, others just price bigger contracts just like small ones. It is important to understand that the higher price does not necessarily mean better service, so prospective clients should always examine thoroughly the services of the providers as a whole, not just their prices. Also you should take a look into other options to get your crypto currency – you can just or you can User Experience Understanding the bitcoin mining process can be a difficult job due to the process’s technical nature. However the providers can ease the decision making of their prospective clients by offering detailed guides on their services. Many providers does not disclose the price of the contracts before registration on their landing page. In case users does not want to sign up right away, it worth checking the FAQ section and the Terms and Conditions pages to see whether it has information on the prices and fees. A transparent, easy to use platform can build trust and direct many future clients to the cloud mining providers. Overall Conclusion Participating in cloud mining is a great way to earn some side income as well as a fun way to obtain cryptocurrencies. Prospective clients however must pay attention to where they sign up to cloud mining services as there are many scammers and ponzi scheme available online. For those wanting to invest in hyip or ponzi schemes: Think twice if its worth the risk, all hyips / ponzis are scams where only the early adopters win and all others lose. If you enjoy the thrill, try a instead and test-drive your trading skills. How to decide for a cloud mining company? We gathered some cloud miners based on the most important criterias. • Low fraud risk:,,, • Low fees:, • Multiple algortithms are available:,,, • Referral program:,,. You know when you get a new car in a color you really and you're driving it around and. You start to notice the same car and color more and more. It was recently brought to my attention that my may be a. One I watched said scorpions use their claws like and are very self sufficient. I happen to be very familiar with pliers. I'm a,,,, ( ),. I keep one on me at all times. I also have a few of these holders for,,, extra hand to, etc. This one is a combo of one and one. The magnet is shape one side, flat on the other. It's supposed to go on metallic ball which goes on the. My phone case has a thin metal plate in the back so the magnet attaches the flat side to that. So yeah, scorpion. Amidst Chaos, ‘First US-China’ Blockchain Conference Connects 1500 Eager Attendees. The Blockchain Connect conference, which took place on Friday, Jan. 26 in San Francisco, did not get off to a strong start. However, the content of the panels, talks, and informal meetings that took place that day arguably delivered for the 1500 attendees. The event, hosted in part by media company SV Insight, was designed to unite Blockchain communities in the US and China and attracted more attendees than the organizers -- or rather the venue itself -- could handle. Yi Lu, Chief Growth Officer and one of the founders of SV Insight, admitted that the number of people who actually attended was overwhelming, stating, “[the] content is very good.But we didn’t expect so many people, it’s totally too many people.” The venue, a classical European structure leftover from a 1915 art exhibition, has a theater meant to hold about 900 patrons. 1500 tickets were sold for the event. Lu added that there were an additional 800 people on the event’s waitlist who did not receive tickets. The ticket discrepancy meant that many of the conference attendees, who had paid from 500 to 1000 dollars for the event, were not allowed into the theater to hear the speakers in person and were forced to watch from the “overflow room,” which was unheated and had a bad sound system. Strict room occupancy standards, enforced by the Fire Marshal and a number of security guards, often stranded conference attendees in whatever room in which they found themselves. A massive open room that doubled as the overflow room and an exhibit space was filled with booths promoting Blockchain-based companies, including BlockShow, Cointelegraph’s partner Blockchain event company, offering steeply discounted tickets to their next event. Those lucky enough to initially be seated in the theater were able to hear a range of panel discussions, with topics spanning from the problems of token valuation and Blockchain investment strategies, to scalability and the language of math. Read more on https://cointelegraph.com/news/amidst-chaos-first-us-china-blockchain-conference-connects-1500-eager-attendees. Weiss Gets Digital Currency Ratings Horribly Wrong, Bitcoin Merely C+ Student. The crypto community is one where there is a lot of vehement support for certain coins. Bitcoin, being the biggest and probably most popular, obviously has a large contingent of die hard fans who think it cannot be bested. However, that view must have taken something of a knock as Weiss Rating, a supposed independent securities rating agency, handed out its grades for a number of cryptocurrencies. Bitcoin did not fare well, claiming an average grade, as did most cryptocurrencies. Surprisingly, coins such as EOS, Cardano, NEO and Ethereum received much higher grades than Bitcoin. It’s really strange how projects like Cardano, which essentially exist as only a whitepaper, can attain a higher grade than the oldest and biggest digital currency, Bitcoin. Read more on https://cointelegraph.com/news/weiss-gets-digital-currency-ratings-horribly-wrong-bitcoin-merely-c-student. $RHOC had a big move today. Its hit a new all time high of $2.53. RChain is an open source project. It's a blockchain based platform for specifying, verifying, building and running decentralised smart contracts. It looks like they are trying to build a platform that can do heaps of shit, from financial services to monetised content delivery networks. They also have a flagship decentralised social platform. It's getting difficult to keep up and know what projects are building something that will be around for years to come and what won't. How do you pick the Facebook over the MySpace. Just because your first doesn't mean you're better. Everyone is building a better blockchain with more flexibility than the next. So many options so many investment opportunities. What's difficult is some people have very one sided views. If they have a large stake in a project they tend to tell you every reason why it's the best and why everything else is horse shit. A lot of coin religions have started appearing and it becomes more and more difficult to get unbiased opinions. Which project do you think will be around in 10 years? It's a difficult question to answer. So many new blockchains coming to life, there is a lot of new competition. The amazing thing is money keeps pouring in. Huge amounts of money. It's fascinating to witness and be a part of. Like always trade safe?.
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