Cloud Mining Investing in Bitcoin & Crypto Currency Cloud Mining: Is Cloud Mining Worth It? How to Make Stable Profit from Digital Currencies: What is Cloud Mining and Should You Invest in It? 704x Views| (c): Roman Bodnarchuk - Fotolia.com Bitcoins have received a wide attention all around the world due to its fantastically rising value in the cryptocurrency industry. What wouldn’t if the price jumps three times in a matter of few months? With individuals and businesses interested become involved, it is only reasonable to question what options are available out there when bitcoin trade is concerned. This article investigates one of those options as it grew in popularity in recent times – Cloud mining. Join the ride as we take you through pros and cons of contracted mining operations, and whether it is worth your time or not. © '© Cybrain - Fotolia.com' You basically borrow equipment from others without buying them and setting the mining operations by yourself. You purchase a contract limited by time (monthly, yearly or some contracts even lifetime) and ride the program, making money by being paid by the provider for the mined BTC. This saves time for investors engaged in cloud mining, as well as nerves since someone else already did all needed configuration, trial, and error instead of you. Cloud-Mining: purchase hash rate for monthly, yearly or even lifetime mining - depending on the contract. The leased hash rate that would bring the payments based on the agreement between the hash rate lender and investor, depending on the coin mining difficulty, price and other factors. H / s Hashes per second 1 hash per second KH / s Kilo hashes per second 1,000 hashes per second MH / s Mega hashes per second 1,000,000 hashes per second GH / s Giga hashes per second 1,000,000,000 hashes per second TH / s Tera hashes per second 1,000,000,000,000 hashes per second The block would be awarded to those that use larger hash rate, thus programs would usually bring you more money if you choose larger packages. Now, this might be slightly mind-boggling for many of our viewers; why would someone rent out the equipment to you and allow you to make money if they could keep all the profits with themselves by NOT renting it out? And the concern is valid as these companies, in order to provide the required hash rate to many customers, would need to invest heavily in equipment, set it up and run it 24 hours in a day, 365 days in a year. Now, there are issues that need to be addressed regarding mining difficulty. Although you do not mine directly, you are affected by the changes in the block mining awards, BTC value, and general market trends. The higher difficulty, the less BTC your provider will mine. The less they mine, the less they pay you, cutting out your revenues in the process. © 'Screenshot' As you can see, difficulty growth s usually higher than BTC price growth, with rare instances when the situation is turned around. That means that as time passes, if the trend continues, mining would become quite unprofitable to do, leading towards a cut in cloud mining services or in increased subscription price, lowering down your ROI. Why do Miners Offer such Services in the First Place? What many people do not realize, if your operations are large, cloud mining sales would be quite attractive for you to use instead simply selling the coins you mine. Firstly, mining companies need funds to continuously fund their operations. Coin mining costs electricity, staff and other utilities, such as equipment & building maintenance, cooling, and other expenses. With fresh cash coming in daily, miners can pay out their expenses without stopping their operations or deal with debt funds that come with high-interest expenses. © 'scharfsinn86 - Fotolia.com' Another reason is that the cloud mining companies are effectively selling you their bitcoins. Although at some point, direct purchase and sale of cryptocurrencies might yield higher returns; the market is filled with volatility risks, as the value goes up and down frequently, while subscription programs bring a lot more stable income. These contacts, no matter what these providers might say do have an end and are not a lifetime, with many of them already limiting the duration of the contract for one year. Dec 10, 2017 - Update, lately I've been playing with bitcoin cloud mining contracts from HashFlare, see Should You Invest in Hashflare Ethereum Cloud Mining Contract. Ethreuem calculator. As I'm planning to run a full 12 GPU Ethreum mining rig, the cost for it would be, if all parts bought at once - $3,880.93. Calculate Bytecoin, Monero, FantomCoin, QuazarCoin, DigitalNote, MonetaVerde, Dashcoin, Aeon coin mining profitability. Cloud mining btc bitcoin bitcoin price bitcoin value bitcoin mining bitcoin to usd bitcoins what is bitcoin bitcoin news localbitcoins bitcoin calculator bitcoin wallet bitcoin exchange bitcoin exchange rate bitcoin reddit reddit bitcoin buy bitcoin price of bitcoin bitcoin miner bitcoin-miner buy bitcoins what is a bitcoin bitcoin charts. Part o the mined cryptocurrencies would be left for normal exchange platforms while another part would be sold out for cloud mining contracts, thus many of the companies limit the number of subscriptions available. Sold out contracts @hashing24.com. © 'Lastly, and probably one of the most important yet hidden reasons why cloud mining companies want as many people to join them, is to lower down a potential number of competitors in the mining industry. Less mining operations mean lower difficulty, centralizing the power of few large companies that would win more blocks in the future. If you have decided to get the equipment and enter the competition, your miner graphics cards would add the difficulty level, taking away a portion of a chance for these large players to win the block. They would win more blocks and earn more in the process. Differences from CPU mining Here are some of the differences between cloud mining and your own CPU mining operations that you should be aware of: • cloud mining does not require equipment to start; • no configuration of your devices or internet search for pieces of advice on the mining start and maintenance; • if not a scam, cloud mining is a sure way to earn money on a daily basis; • requires a simple internet connection and average computer. Are there any Hidden Fees? Apart from the program, all of the cloud mining companies charge “Utility fees”, also known as electricity costs that they incur and you would have to pay for. They are calculated on daily basis, with some companies charging you a flat rate or variable rate, depending on whom you choose to work with. ![]() These fees can be charged by the bitcoin balance you would need to keep on the provider’s website or by fiat charges expressed in USD or EUR. Profit Calculation There are many calculators out there that can help you determine the profit margins from cloud mining. The crux of the matter is to understand what factors impact the profit you can make from subscriptions and how changes in the market can affect the calculation. We have designed a simple yet effective calculator for beginners to use when evaluating different clouding programs but you are free to make your own or use any other available online. The example uses bitcoins but it can be implemented on all other altcoins as long as you follow the description of the process below the calculator. PROGRAM 1 PROGRAM 2 PROGRAM 3 Program Price $220 $1 000 $4 000 GH/S Program 1 000 5 000 25 000 Cost per Hash $0,22 $0,20 $0,16 Utility Fees/Daily $0,00025 $0,00025 $0,00025 Utility Fees/Monthly $7,50 $37,50 $187,50 Utility Fees/Yearly $90,00 $450,00 $2 250,00 'Awarded' Bitcoins/Monthly 0,0056 0,028 0,14 'Awarded' Bitcoins/Yearly 0,0672 0,336 1,68 Bitcoin Current Value $6 500 $6 500 $6 500 'Awarded' Value/Yearly $437 $2 184 $10 920 Profit Yearly $126,80 $734,00 $4 670,00 Profit Monthly $10,57 $61,17 $389,17 ROI -42,4% -26,6% 16,8%. You can put it in excel and play with numbers to get the accurate calculation. The known variables from the cloud mining subscriptions are program costs, how much hash power they provide as well as “Utility fees” that you will be charged on daily basis. The entire calculation is done on yearly basis. Now, the variables that would need a little bit research on your side is the bitcoin you would get from the provided hash power if you were to mine by yourself. There are a lot of calculators out there on the internet that can provide you with information free of charge, so simply find the mined bitcoins for given hash amount and put it in “Awarded” BTC section. Put the industry average price of bitcoin and voila! You will get the ROI for that particular program. Who are the providers? Many Cloud Mining Companies turn out to be complete scam schemes, mostly organized in pyramid system, in which they take invested funds from the first subscriber, offer him affiliation programs that would pay him or her out if they bring new people in. The funds received would then be used to make small daily payments to the customers, keeping up the scheme while attracting more people in. It is thus important to work with companies that have been proven to possess large mining operations but be warned that even they might close their companies in future if something goes wrong. The known providers that you should check out are Genesis Mining, Hashflare.io and Tresorio. Genesis Mining. © 'tresorio.com' Tresorio is run by a small French company based in Metz, France. The programs offered are concerned with Zcash, Ethereum, and Ethereum Classic, while there are three distinctive subscription deals you can take. Contracts are limited to one year while payouts are expressed in cryptocurrencies, paid out twice a week to your wallet address. Is it worth investing in? Putting everything in one place, we can definitely say that cloud mining can be profitable – if you have several factors in your favor at the end of the day. The difficulty for coin mining might increase or decrease in the future, which could be said the same for the value of different coins. Bitcoin cloud mining, for instance, might not be the best option for you if the price continues to decrease as you purchase a contract on current value. You also have to put in account the maintenance fees and program costs, though we can say that most of the time, small contracts will not pay out positive ROI. Only bigger contracts would yield a significant return, provided that cryptocurrency’s value grows over time. Investing in Bitcoin & Crypto Currency Cloud Mining: Is Cloud Mining Worth It? Interesting Articles Altcoin Our purchaisng experiences with verge: comparison and review of the best Verge brokers and trading places. Verge is a secure and anonymous crypto-currency, developed focusing on privacy. How and where you can buy Verge (XVG) is shown in our review: we compared and reviewed several Verge exchanges and trading platforms. Exchange Our LiteBit.eu-Wiki with answers to all questions about reliability, charge fees, verification and detailed how-to-buy instruction. Litebit.eu is one of the biggest European market places, where you can buy crypto-currencies. The offer od the website ranges from all well-known coins (Bitcoin, Ethereum, DASH and Monero) to Altcoins, which are still unknown. We will show you starting with the first steps, verification till charge fees and we show you with how-to-buy, how you can buy correctly. Furthermore we reviewd: how-to-sell, modes of payment and transfer of LiteBit.eu. Prices & Charts • • • • • • • • • • • • • • • © hulacoins.com 2018|| Partner page:,, Disclaimer: Trading in bitcoins or other digital currencies carries a high risk and can lead to the total loss of the capital employed. Hulacoins.com does not provide any investment advice, but reflects only its own opinion. Please make sure that if you are dealing with, or investing in bitcoin or other digital currencies (for example by acquiring mining equipment or investing in cloud mining services), you have fully understood the associated risks! Please refer to. *Some external links are affiliate links. Here we go, now Hashflare has limited users able to login to a few times per day thanks to Cloudflare blocking system and the blocking is done by the site provider. So get this I am in the midst of purchase and pow YOU ARE BLOCKED by the site owner. Error 1015 is what you get and you have limited access.Many sites are going to start using this service to limit activities from DDOS attack. So i don’t know if my purchase went threw but like I said kicked during purchase. Waiting for a reply by Hashflare hope they respond. Wow another increase for withdraws. It takes $ BTC to withdraw 0.01 BTC and up. The reason it gets higher is to move transactions quicker and I find this complete bullshit. Future-bank.com does Micro transactions of BTC of 0.00004 directly to coinbase in minutes. This Cloud is hungry and it will give less and less as they can. This is getting worse as time goes. BTC Difficulty shot up now profits went down drastically and fees go up. I send BTC via Wallet from my PC and have no issues “WTF” is going on. If this keeps up the world will reject BTC as currency as the fees become insane. If everybody was to control there fees and lower them they will get processed. I also noticed the higher you pay the faster your transaction go threw. Well as they keep getting rich I guess I’m a moron that keeps getting suckered into this trap. MONEY HUNGRY BASTARDS FOR SOME IN THIS WORLD JUST LIKE FIAT THAT PEOPLE WOULD KILL FOR JUST TO BETTER THEMSELVES AND SCREW THE LITTLE GUY. ONCE YOU HAD TASTE OF THAT WORLD SOME NEVER COME BACK DOWN. This is got to be bullshit in the making. They upped the withdraw amount so low be miners cant withdraw and profit from the fork yet to come. Remember if you have a lot of bitcoin you yet can benefit from the fork yourself. Buying contracts before the fork is also a way for the Cloud Miners to gain profit for them selves. Genesis Mining just promoted order in advance for contracts so they can do the same and profit from the fork. I say you should hold your coin until the fork ends and then watch as the contracts are all sold out. Its all a game of profit for them and a plot for all of us to loose. The fact that they retroactively changed the terms of contracts that already exist from unlimited down to one year (and, technically, less than one year for contracts purchased in the 2 week span between the date they selected and the date of the announcement) in and of itself has convinced me to never buy from them again. Even if I give them the benefit of the doubt and assume that they are running actual mining operations, the contract I had explicitly stated that the only conditions that would stop payout is if the fees were to equal or exceed the return. That clearly has not happened. On the contrary, they seem to have decided to do this in response to a shortage of equipment which really means this move was meant to enable them to sell more later. If they decided they’d rather run 1 year contracts they could have easily and legally done so by making all new contracts last 1 year, and keeping the contracts that were listed as unlimited at unlimited. That’s quite clearly illegal, and so even their one year contracts were to be profitable (less likely since they doubled their prices alongside this move) I’d be worried about them randomly changing the terms again or, more likely, being sued by angry investors. The moment they stop paying me, they will be in violation of the terms of my agreement with them, which means that if they backpedal their decision they will be able to avoid the legal nightmare that awaits them. They could somewhat improve their PR by doing so, but not enough to convince me to buy from them again. Add to this matter the significant unrealistic delays, which they blame on a third party proccessor, and things become even more suspicious. I mean, Read more ». I am not sure if anyone knows but DO NOT buy any contracts from HashFlare.io because 2 days ago, they announced change of policy in their contract so they DO NOT offer lifetime contacts anymore and its limited to 1 year only, so there are other providers offers lifetime contact and less expensive maintenance fees. The management have stopped replying to any customers overnight and people invested with them have lost lots of money. On addition to that, their hash rate dropped and prices have increased with no reason behind it. Basically they are super greedy and started SCAMMING customers. I strongly suggest everyone to use different provider and please do your research. Even that scenario wouldn’t justify anything. The way the unlimited contracts were presented was similar to another program HashCoins used to have where you buy the equipment, pay the fees, and they eventually mail you the hardware at the end of the contract. The terms said that if the maintaince fees and electric costs were to exceed the return then the contracts would cease which basically means that you bought a piece of a hardware (like a time share) and they are paid to manage it. If the operation is handled correctly, their profits come from selling the hardware in this manner and through the fees, meaning that it shouldn’t matter to them if it becomes harder to mine because the return from hashing power should be the same no matter who is running it for a given difficulty level. Before surfing website, I know nothing about cryptocurrencies and has no idea what they are. After referred by online comments, I found that has a good reputation and has a throughout reviews over all mining contracts. After several days decision, I purchase a contract through GM using 3% discount code “RuGx4I” and a contract through HashFlare using the referral link:. Of course, don’t know what is the on-going trend of the cryptocurrencies in the future, but I am quite sure that cryptocurrencies will become one of the transaction method in the future. Been successfully trialling Hashflare for 6 months now and just upped my investment substantially after analysing the returns I’m getting. I have reinvestment switch on and mak a compound increase in hashpower of 0.6% per day, try and get that anywhere else! Let it build for a year or so and then start to to take an income from it. 10Th/s will build to over 80Th/s in a year! (That’s without the predicted increase in the price of bitcoin as it starts to be seen as a mainstream investment asset rather than a coin). I’d say worth a try with $100, analyse the return and then go for it. As a person who have tried a lot of cloud minings and been in the cryptocurrency field for a while, I can see that among all cloud minings, there are only genesis-mining, hashflare, hashing24, bitcoin.com whose reputation and truthworthy is highly recognized. At further analysis, regarding profitability and ROI: – Hashing24: the customer service and payout is the best here, rarely they receive complaints and customer negative reviews for their services. However, the rate is too high, cost per TH/s is a few times higher than Genesis Mining and Hashflare. This is the reason why I didnt invest in their services. – Genesis-Mining: the longest operation period with highest trust rate online, the firm runs with the most transparency in term of operation and mining facilities. Reasonable payout (having delayed payout issues recently) and profit rate. Their cost is decent with the lowest maintenance fee, I would say in term of long-term profit, Genesis Mining is the best. I used them for a while and recognized their potential investment. Longest mining contract for ETH, Monero at the moment. Recommending: ETH mining, BTC mining. – HashFlare: not much for saying, they started later than Genesis-Mining but already proved their standing. The customer satisfactory is only 2nd after Hashing24, maintain regular payout and profit rate. Furthermore, the cost per TH/s is the lowest among all with average maintenance fee. With the situation where mining difficulty is rising, I would say this is the best for short-term investment. I personally rate their bitcoin cloud mining will be the MOST SHORT-TERM PROFITABLE. However, their demerit is only 1 year contract for other AltCoins at a little rate cheaper. Recommending: BTC mining. – Bitcoin.com: I can say they are the MOST TRUSTWORTHY cloudmining since they developed this new function based on a previous bitcoin news Read more ». Boss, From my side I just invest 4$ at 2017-02. Right now I have 1ths bitcoin hash.and 0.6 mhs eth hash. I make 2time withdrawal. Bit and eth withdrawal also fine. With in five minutes I received my payments. I get some information from Google about hashflare. Hashflare is partner of hashcoin company. And hashcoin company is we can find in Google map. And there are calculating mining power from coinwars.com. I don’t like to take hight risk so 4$ is I already withdraw and I have more than 300$ value hash’s So my opinion is hashflare is 100/100. [BEWARE HASHFLARE IS HAVING ISSUES WITH PAYMENT. I PURCHASED MINING CONTRACT FROM THEM JUST TO TRY IT OUT ON THE 6TH OF MARCH 2017 BUT THEY HAVE REFUSED TO ALLOW ME MINING. BELOW IS A COPY OF THE TRANSACTION Operation date: 06 Mar 2017 03:20 Operation ID: 320193467 Operation type: transfer Shop: hashflare.io Status: success Debited: 12.12 $ Credited: 12.12 $ Bill number in store: 679910 PAYMENT MADE VIA PAYEER. I CONTACTED THEIR SUPPORT VIA EMAIL AND THEY DID NOT REPLY TILL DATE. I CONTACTED THEM ON FACEBOOK AND THEY SAID I SHOULD CONTACT THEM VIA EMAIL THAT THEY HAVE ISSUES. I LOGIN TO MY ACCOUNT TODAY AND THEY SAID PAYMENT TIMED OUT. MEANWHILE, UPON PAYMENT THEY SENT ME AN INVOICE OF SUCCESSFUL PAYMENT RECEIVED. THEY ARE SCAMMING ME, SO THEY ARE SCAMMERS. ALL POTENTIAL INVESTORS PLEASE BEWARE OF HASHFLARE.IO Invoice #679910 HashCoins LP 44/46 Morningside road, Edinburgh EH10 4BF Scotland, United Kingdom PR Product Name Quantity Price Total HashFlare.io SHA-256 hashrate 0.1 TH/s 120 $ 12 $ Subtotal VAT (0%) Total 12 $ 0 $ 12 $ Thank you for your business. Sincerely yours, HashCoins Team. So I took advantage of the 17% Christmas discount and the one time 5% off code to get a total of 22% off of a 2.5TH/s SHA-256 bitcoin mining contract for $237.50. The daily payout was $0.57. My earnings for the 24-hour period totaled $1.85 (or 0.00187 bitcoins) but there is a hidden daily maintenance fee of 0.001 bitcoins which reduced my earnings about $1.00; furthermore there is a power fee of around $0.004 per every 10GH/s which amounted to another $0.28 loss. Bitcoins were at a high of $875 during the period. At this rate it would take about 417 days to recover my original investment, assuming bitcoin values will perfectly double as difficulty is doubled. After 2 years this would average a 57% profit. I currently have 2 Antminer S7s and 1 Antminer S9, averaging earnings between $9 and $22 daily (or 0.01 to 0.03 bitcoins) yielding an ROI in 200 days (before electric costs). After electricity at 0.12 per KW/h I earn $100 to $280 a month leaving a ROI of about 1 year. This yields a 57% profit for 1 year. My advice, is not to invest unless you can buy at least 10TH/s or if you can catch a 50% of coupon before the expiration, then maybe 5TH/s would be an attractive buy. Either should yield around a 3 month ROI, ending in about 300% profit after 1 year. If you reinvest those gains then the compounded interest could squeeze out a total of about 400% after 2 years, earning 2500 from a 500 investments or 1250 from a 250 investment, a fairly attractive offer when you consider that a 10000 total investment would result in 50000 after just 2 years. The mining starts immediately after confirmed payment. First payouts within 24 hours.There is no time limit, no expiry date. Use our system for however long you would like. Choose the amount to withdraw and receive it instantly. View all mining related information in real-time, at any point from any location. You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. No hidden fees or commissions. Every single transaction is visible to you. LETTER FROM HASHFLARE: Dear friends, It is our duty to let you know that due to the recent breach in the DAO contracts, ETH mining and withdrawals will be blocked until the breach is fixed. At this exact moment, the developers of the DAO and Ethereum are working hard to solve the issue. However, according to information provided by the developers of Ethereum, it is possible that a “soft fork” will be created. This means that currently it is unsafe to make any transactions or mine Ethereum due to a possible blockchain revert, which will irreversibly nullify the transactions, leaving all parties without the funds. We are constantly monitoring the situation and will activate the mining process along with the withdrawals as soon as the solution is deployed on the Ethereum side. Sales of ETHASH contracts is also suspended until the issue is resolved. We will keep you updated on the situation. Stay tuned, HashFlare.io Team. LETTER FROM HASHFLARE Dear Friends, We were extremely busy launching Ethereum cloud mining in March and April. We tried our best to stay in touch with you and keep you updated at all stages. Drawing a line we can announce that everything went according to plan: currently both batches of hardware are working at 100% capacity meaning that you have already received your first Batch 2 payouts! Starting from all Ethereum cloud mining contracts are launched immediately upon purchase! Another piece of good news is the fact that we have finished with the preparations for ETH withdrawals and made them available to you as a test. Please make sure that you have added an ETH wallet address to the system. During the open test, we have limited each account to withdraw once every day (the limit resets at midnight GMT). We also ask you to be patient if a withdrawal takes longer than usual. These effects are temporary, until we are sure everything is working as planned. The current transaction fee for ETH withdrawals is 0.0006 ETH, minimum amount is 0.0001 ETH, so in order to make a withdrawal you need at least 0.0007 ETH on your balance. Stay tuned for more news! With best regards, HashFlare.io Team. LETTER FROM HASHFLARE: Dear Friends, The spring sun is shining brighter outside and we would like to share the good mood and make an announcement! We are extending our March discounts until the end of April! We remind you that currently you can use the following discount codes: 1. Code HF16BDAY20 will provide a 20% discount for SHA-256 contracts; 2. Code HF16ETHER12 will provide a 12% discount for ETHASH contracts; 3. Code HF16ETHER12HVC will provide a 16% discount for ETHASH contracts for single orders over 1000 USD. *The discount codes will be valid until April 30 or until discounted hashrate stocks last. As we have already stated, the Batch 2 of Ethereum cloud mining will be launched on April 11, 2016! Don’t forget to add your Ethereum wallet address to the system as you will need it on April 12 in order to withdraw your mined ETH funds! We would also like to announce that on April 8 you will have an opportunity to meet us in person on a conference in Vilnius, Lithuania, where we will be focused on Bitcoin, cryptocurrencies and blockchain in general. You can take stock of the information using the link. At the same time on April 8 you can meet with our partners and developers of a very advanced cryptocurrency EmerCoin in Moscow, Russia. For more information please visit. Besides that, we will contribute to another conference on May 19 in Prague, Czech Republic, where Vitali Pavlov, our specialist and HashFlare Project Manager will be speaking. You will be able to meet us and ask any questions you would like. The information regarding this event can be found on the official website here. Looking forward to meeting you there! Kindest Regards HashFlare.io. LETTER FROM HASHFLARE: Dear users, During the course of preparation for the launch of Ethereum mining, we ran a round of test payouts for Ethereum contracts. The test was successful but not everything went just as planned. As a result of a minor misconfiguration, some users received the daily ETH payout in BTC to their active balance in the system. The payout was cancelled and a recalculation was done. If you have made a withdrawal, your BTC balance may have gone negative. To reduce the amount of negative balances in the system, we also reversed reinvested and balance purchases for users who had a negative balance as a result of the recalculation. The good news is: Ethereum mining will commence on March 21, as promised. Thank you for staying with us! Best Regards.
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