Can I trust Bitcoin Cloud Mining services?

The webstek https://mining-profit.com/ permits individual users and mining pools to see the value of bitcoin they can acquire through the utilization of their mining hardware.

For those who are interested te mining bitcoin te other ways, there are cloud-based mining services those individuals or groups can use to bypass the need for possessing mining hardware.

Ter brief, this means that miners access the use of off-site hardware te gegevens centers to do their mining ter exchange for a percentage of their bitcoin profits. Miners and mining pools can lease servers, establish VPSs (virtual private servers) , or lease a specific amount of “hashing power” (the term that describes the amount of processing power needed to create bitcoin).

Cloud mining is generally safe and secure, tho’ spil with anything else related to bitcoin, you owe it to yourself to do suitable research before making any decisions. Because you have to share some of your comebacks with the service, or have to pay fees for the use of the servers, cloud mining can be less profitable than using your own mining hardware. If you are interested ter cloud mining or leasing hashing power, the easiest way to measure your potential comes back is to use the following calculators and converters:

If you would like to have a bitcoin converter embedded on your own webstek, you can use the converter found here: https://mining-profit.com/api-bitcoin-converter

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Updated Daily Profit from HashFlare and GigaHash Cloud Mining Services

Time for another update on the actual daily profit wij are getting after about two weeks of using the two fresh additions to the list of cloud mining services that wij are testing. The very first one is HashFlare powered by HashCoins mining hardware. Below you can see the daily actual profit (the mined coins minus the maintenance toverfee) wij got for 100 GHS cloud mining hashrate purchased at the service:

27.04.15 – 0.00104485 BTC

28.04.15 – 0.00102340 BTC

29.04.15 – 0.00103423 BTC

30.04.15 – 0.00103791 BTC

01.05.15 – 0.00102066 BTC

02.05.15 – 0.00105168 BTC

03.05.15 – 0.00104769 BTC

04.05.15 – 0.00103686 BTC

05.05.15 – 0.00099838 BTC

06.05.15 – 0.00057474 BTC

07.05.15 – 0.00060874 BTC

08.05.15 – 0.00059624 BTC

09.05.15 – 0.00063311 BTC

Ten.05.15 – 0.00060962 BTC

11.05.15 – 0.0058921 BTC

Notice that commencing from 6th the daily profits here druppel significantly, there is no mistake ter the numbers, spil wij’ve already explained ter our previous publication, the maintenance toverfee prior to that wasgoed evidently mistaken and only about 10% of what the actual toverfee should’ve bot has bot deducted from the mined coins.

The 2nd cloud mining service is GigaHash powered mostly by Technobit ASIC miners, a smaller mining operation also EU-based. Do note that the actual profit you get from cloud mining services can vary depending on the BTC exchange rate spil the maintenance fees usually covering tens unit and such are stationary ter USD, so with higher exchange rate the costs are getting smaller and the profit vanaf GHS higher. Below you can see the daily actual profit (the mined coins minus the maintenance toverfee) wij got for 100 GHS cloud mining hashrate purchased at the service:

30.04.15 – 0.00046600 BTC

01.05.15 – 0.00063100 BTC

02.05.15 – 0.00060000 BTC

03.05.15 – 0.00058000 BTC

04.05.15 – 0.00049000 BTC

05.05.15 – 0.00048500 BTC

06.05.15 – 0.00060000 BTC

07.05.15 – 0.00049000 BTC

08.05.15 – 0.00050000 BTC

09.05.15 – 0.00051500 BTC

Ten.05.15 – 0.00053000 BTC

11.05.15 – 0.00054000 BTC

12.05.15 – 0.00048000 BTC

Both services seem to be running slick and problem free and provide pretty consistent results, tho’ at the 2nd one wij see some peaks. Thesis stable results ter terms of actual profit are thanks to the fairly stable network difficulty and price of Bitcoin lately and that makes it lighter to do some estimates when things are more stable, tho’ there are no assures if they will proceed to be like that and for how long.

  • Ter: Cloud Mining
  • Tags: bitcoin cloud mining, BTC cloud mining, cloud mining profitability, cloud mining service, cloud mining services, GigaHash, HashFlare

Actual Daily Profit from HashFlare and GigaHash Cloud Mining Services

Time to report the actual profit wij are getting after a few days of using the two fresh additions to the list of cloud mining services that wij are using. The very first one, HashFlare powered by HashCoins mining hardware is providing higher profit, but from the logs wij are eyeing it could be due to some mistake with the maintenance toverfee calculation (could be a bug ter the service) spil the fees do seem to be much lower than expected. Below you can see the daily actual profit (the mined coins minus the maintenance toverfee) wij got for 100 GHS cloud mining hashrate purchased at the service:

27.04.15 – 0.00104485 BTC

28.04.15 – 0.00102340 BTC

29.04.15 – 0.00103423 BTC

30.04.15 – 0.00103791 BTC

01.05.15 – 0.00102066 BTC

02.05.15 – 0.00105168 BTC

03.05.15 – 0.00104769 BTC

The 2nd cloud mining service, GigaHash evidently using Technobit miners, a smaller mining operation, has lower actual profit, but here the results seems more realistic. Do note that the actual profit you get from cloud mining services can vary depending on the BTC exchange rate spil the maintenance fees usually covering violet wand and such are immobilized te USD, so with higher exchange rate the costs are getting smaller and the profit vanaf GHS higher. Below you can see the daily actual profit (the mined coins minus the maintenance toverfee) wij got for 100 GHS cloud mining hashrate purchased at the service:

30.04.15 – 0.00046600 BTC

01.05.15 – 0.00063100 BTC

02.05.15 – 0.00060000 BTC

03.05.15 – 0.00058000 BTC

  • Te: Cloud Mining
  • Tags: bitcoin cloud mining, BTC cloud mining, cloud mining profitability, cloud mining service, cloud mining services, GigaHash, HashFlare

Cloud Mining Services Actual Profit Comparison

Today wij did some calculations to see what is the actual profit that wij are getting from various Bitcoin and Litecoin cloud mining services based on the earnings from yesterday. Wij’ve used 1000 GHS or 1 THS spil a base for Bitcoin cloud mining and 1 MHS spil a base for Litecoin cloud mining so that wij can compare the different services listed below. The list does not contain all of the cloud mining services wij are using spil some of them are not even worth mentioning spil there is no much point te investing te them with their current prices for hashrate. Also some other services are not listed spil wij are having trouble to accurately figure out how much wij have earned exactly for the last 24 hours. Do note that the numbers listed below at the actual coins mined for 24 hours with maintenance fees already deducted, so this is what you are actually be getting vanaf day (based on yesterday’s payments). Do note that the list below is based only on the actually profit that the services provide, it does not take into account the price of the hashrate that each of the services presently has.

BTC Earnings for 25.11.2014 vanaf 1000 GHS:

– Hashie BTC – 0.00739 BTC vanaf THS Daily (1 THS price – 1.Two BTC AMHash / 1.30403 BTC Gen1)

– ZeusHash BTC – 0.00642 BTC vanaf THS Daily (1 THS price – 1.5315 BTC)

– CEX BTC – 0.00317 BTC vanaf THS Daily (1 THS price – 1.6914 BTC)

LTC Earnings for 25.11.2014 vanaf 1 MHS:

– ZeusHash LTC – 0.00423 LTC vanaf MHS Daily (1 MHS price – Four.47 LTC / 15.99 USD)

Wij are not including GAW’s Hashlets spil wij have actually sold ours a few days ago and are presently waiting to see what fresh things wij are going to be getting announced ter the next days – PayBase, HashStaker and PayCoin. It is also interesting to note that Hashnest has evidently introduced a market for users to trad the UMISOO Bitcoin cloud hashrate that they have purchased, so you get an interesting chance to sell some of your hashrate at a good price or maybe buy more cheaper to possibly reach ROI quicker, tho’ the service does not presently perform so excellent based on actual earnings and only CEX is performing worse ter our list. ZeusHash is presently not doing very well for both BTC and LTC, even tho’ they attempt to attract users with various incentives and promotions all of the time, their main problem is the higher maintenance fees. Genesis Mining remains spil one of the best and choices te terms of profitability, especially for people that might have some concerns about services such spil PBMining or BTCCS. Also note that the numbers for some of the services might be slightly higher that what wij are actually getting, for example Hashie with AMHash contracts only would get slightly better results spil wij have mixed hashrate with their Gen1 and AMHash hashrate, CEX also supports merged mining and the number wij have above is only for the BTC earnings and does not include the merged coins.

  • Te: Cloud Mining|Tests and Reviews
  • Tags: bitcoin cloud mining, BTC cloud mining, cloud mining, cloud mining comparison, cloud mining profit, cloud mining profitability, cloud mining services, Litecoin cloud mining, LTC cloud mining

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Still have a question? Ask your own!

Hey, this is one of thesis questions that get asked all the time. Here i will give you my own thoughts about it. And the very first one is: Indeed it is profitable to do cloud mining.

Join hashflare if you want to get into cloud mining today!

Cloud Mining is profitable. I do invest into cloud mining for about 1 1/Two years now. Mainly i use Hashflare spil my mining income, be sure to check them out. They generate mij about $80/day and i’ve only invested $Four,500. You won’t have to waterput ter that much tho. Hashflare is providing you a one year contract with any investment you make, that means any money you invest will bring you profits for 1 year. Any money will do fine, here is some example math:

Now let’s say wij are going to invest $1,000.

Wij will invest $1,050 for 7000 GH/s (7 TH/s):

Some more examples:

  1. $500 Investment can bring about $229.26 vanaf month.
  2. $1,500 Investment can bring about $694.71 vanaf month.
  3. $Five,000 Investment can bring about $Two,292.56 vanaf month.
  4. $Ten,000 Investment can bring about $Four,654.59 vanaf month.
  5. $15,000 Investment can bring about $6,947.14 vanaf month.

You can still reinvest all of that money on hashflare. That will make you more money and extend the mining contract for another year for the specific invesment. If you invest for example $15,000 for 100TH/s (100,000 GH/s) then you could earn more then $4241,72 vanaf week after the Week Ten and the initial investment according to the currect bitcoin price that got calculated by preev .

Once you build trust into hashflare you can also recommend it to friends or family. I personaly have many friends who invested into hashflare. You can get an effortless 10% commission for each purchase your referral makes. Be sure to check out their affiliate system.

6 * 24 * 365 * 25 = 1,314,000 BTC vanaf year

Spil many people say that cloud mining seems to be a ponzi scam, however, the Two most trusted companies are running indeed well and scaling up with the expansion of the cryptocurrencies. The only thing is that you need to wait longer time to breakeven the investment you made. But the best thing is that you dont need to worry about the cooling of the miners, electrical play bills, and many other things. Hence, every coin having Two sides, everything has pros and cons.

Hashflare is better than genesis mining and starts from very low investment.

You can use this verbinding to register and get 10% discount spil well – https://goo.gl/sXd2vp

  • I would choose to go for hashflare. click the above verbinding and begin earning. Dont fall for free bitcoin scams.

However, with few more bucks you can use Genesis mining – https://www.genesis-mining.com

use this code to get 3% discount – U9B8J1.

Tho’ Dash is a very good investment option but, go for the one which is still the king of crypto – THE BITCOIN ,)

Ter brief: HashFlare looks more profitable than others, looks detail below.

I have made comparison table for Trio main well known services of cloud mining to make it more effortless for you to choose.

Thesis services are:

Detailed table from Excel:

  • All Three services contracts are lifetime, what means that they will work until the cost of mined coins is higher than maintenance toverfee.
  • If profit became less than maintenance toverfee, HashFlare will proceed to work 21 days, Genesis-Mining – 60 days, toevluchthaven',t found information about Hashing24 te such situation. But this situation can happens only if bitcoin will fall more than twice te price while it',s difficulty will stay same, that doesn',t looks like much possible ter near future.
  • You can use your bitcoins or debit/credit cards to pay for services.
  • HashFlare LiteCoin mining idiomatically convert income to bitcoins, that why it placed te the same table with bitcoin services. It now a bit less profitable than wasgoed before, but still interesting idea to diversification investments.
  • If you want to attempt with ondergrens size investment – your choose is HashFlare – their contract is just $1.Two cost.
  • On longer time Genesis-Mining looks most effective because of less maintenance cost, but te long time perspective difficulty of mining will increase and it looks better idea to buy more power on HashFlare and win ter shorter time distance.
  • If you want more diversification, than you can use Hashing24 spil well.

PS: Don’t leave behind, that crypto-currencies have volatile prices and therefore are fairly risky investments. Mining difficulty increases and mining becomes less profitable overheen time. Don’t invest more than you ready to liberate ter the worst script!

1 Bitcoin (BTC) = $ 653.13

** Your bitcoin mining earnings is unlimited and it always depends on Mining Hardware Rate. **

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Telco Miner is fastest growing Bitcoin cloud mining company. Telco Miner is bring you fresh range of cloud mining services to you by the Telco Mining team of crypto mining experts. Our team has bot involved with crypto currencies since the inception of Bitcoin & has overheen Three years of practice te mining crypto currencies. Wij are all strong believers ter the future of digital currencies & wij love being part of this growing community!

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Bitcoin Mining Rekenmachine is used to calculate mining profitability for Bitcoin mining. Come in your Bitcoin mining hardware hash rate te GH/s along with the power wattage and your cost of electro-stimulation – dollars vanaf kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block prize, and Bitcoin price will be entered automatically.

Bitcoin to USD

1 Bitcoin equals

Receive $Ten te Bitcoin

Bitcoin Mining Rekenmachine Summary

Days to generate one BTC: 668.79 Day(s) (can vary greatly depending on the current exchange rates)

Days to pauze even: N/A (can vary greatly depending on the current exchange rates)

Estimated Expected Bitcoin Earnings

The estimated expected Bitcoin earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool’s efficiency. If you are mining using a pool, the estimated expected Bitcoin earnings can vary greatly depending on the pool’s efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate.

Still have a question? Ask your own!

Ter brief: HashFlare looks more profitable than others, looks detail below.

I have made comparison table for Three main well known services of cloud mining to make it more effortless for you to choose.

Thesis services are:

Detailed table from Excel:

  • All Three services contracts are lifetime, what means that they will work until the cost of mined coins is higher than maintenance toverfee.
  • If profit became less than maintenance toverfee, HashFlare will proceed to work 21 days, Genesis-Mining – 60 days, toevluchthaven',t found information about Hashing24 ter such situation. But this situation can happens only if bitcoin will fall more than twice ter price while it',s difficulty will stay same, that doesn',t looks like much possible te near future.
  • You can use your bitcoins or debit/credit cards to pay for services.
  • HashFlare LiteCoin mining idiomatically convert income to bitcoins, that why it placed te the same table with bitcoin services. It now a bit less profitable than wasgoed before, but still interesting idea to diversification investments.
  • If you want to attempt with ondergrens size investment – your choose is HashFlare – their contract is just $1.Two cost.
  • On longer time Genesis-Mining looks most effective because of less maintenance cost, but te long time perspective difficulty of mining will increase and it looks better idea to buy more power on HashFlare and win ter shorter time distance.
  • If you want more diversification, than you can use Hashing24 spil well.

PS: Don’t leave behind, that crypto-currencies have volatile prices and therefore are fairly risky investments. Mining difficulty increases and mining becomes less profitable overheen time. Don’t invest more than you ready to liberate ter the worst script!

Suppose your budget is 5000$ ,

25% (2500$) for Bitcoin Mining , buy 10Th/S , you will get 0.005 bitcoins daily

25% (1250$) for Ethereum Mining, buy 60 MH/S you will get 0.56 Ethereum daily

25% (1250$) for Monero Mining , buy 4000 H/S you will get 0.15 Monero daily

25% ((1250$) for DASH Mining, buy 22 MH/S you will get 0.07 DASH daily

Bitcoins : 1.80 (mining) = Two.05

Ethereum : 20.Five (mining) = Two0.Five

Monero : 60 (Mined) = 60

DASH : 30 (Mined) = Three0

Total Value (using Predicted Rate based on Current Growth+Market)

Bitcoins : Two.05 * 3000$ = 6000$

Ethereum : 20.Five * 200$ = 4000$

Monero : 60 * 50$ = 3000$

DASH : Three 0* 150$ = 3000$

So , the Five000$ you invest will grow into 16000$ + ( I have used ondergrens price prediction methods) , the precies yield will be much more.

Where to buy Mining Contracts ?

  • Genesis-mining ( Use code mNpFUG for 3% discount) — The most popular and fattest mining company. You can buy hashrates for Bitcoins, Ethereum and Monero mining.
  • Hashflare.io is very popular and suggest the best rates ter the industry. You can mine based on Hash algorithms SHA 256, Scrypt , ET-HASH (Ethereum), X-11(DASH) and EquiHASH (ZEC).
  • Hashing24 is a trusted webstek where you can mine bitcoins. They also offerande a free demo which you can attempt if you are uncertain about which contract to choose.
  • NiceHash , the most advanced crypto currency cloud mining, hash rental service and multipool. They suggest you to buy or sell hashing power without contracts on pay-as-you-go poot.

Do not buy Mining Contracts from any random websites like Terabox ,Splitit , maximum of them are scams and you will lose your money. Only buy mining contracts from the above mention reputed companies who are te this business for several years.

Hey, this is one of thesis questions that get asked all the time. Here i will give you my own thoughts about it. And the very first one is: Indeed it is profitable to do cloud mining.

Join hashflare if you want to get into cloud mining today!

Cloud Mining is profitable. I do invest into cloud mining for about 1 1/Two years now. Mainly i use Hashflare spil my mining income, be sure to check them out. They generate mij about $80/day and i’ve only invested $Four,500. You won’t have to waterput te that much tho. Hashflare is providing you a one year contract with any investment you make, that means any money you invest will bring you profits for 1 year. Any money will do fine, here is some example math:

Now let’s say wij are going to invest $1,000.

Wij will invest $1,050 for 7000 GH/s (7 TH/s):

Some more examples:

  1. $500 Investment can bring about $229.26 vanaf month.
  2. $1,500 Investment can bring about $694.71 vanaf month.
  3. $Five,000 Investment can bring about $Two,292.56 vanaf month.
  4. $Ten,000 Investment can bring about $Four,654.59 vanaf month.
  5. $15,000 Investment can bring about $6,947.14 vanaf month.

You can still reinvest all of that money on hashflare. That will make you more money and extend the mining contract for another year for the specific invesment. If you invest for example $15,000 for 100TH/s (100,000 GH/s) then you could earn more then $4241,72 vanaf week after the Week Ten and the initial investment according to the currect bitcoin price that got calculated by preev .

Once you build trust into hashflare you can also recommend it to friends or family. I personaly have many friends who invested into hashflare. You can get an effortless 10% commission for each purchase your referral makes. Be sure to check out their affiliate system.

Depends on where you mine and what coins you choose.

There are loterijlot of scam te this field, so better trust only companies who are long on the market and have build up good reputation.

HashFlare is one of the most profitable and trusted cloud mining service from all that present on the market.

I have made comparison table with forecast profitability of HashFlare cloud mining service for different mining contracts to make it more effortless for you to choose.

  • BTC mining difficulty isn’t growing recently, because there is lack of ASIC miners available for sale, everzwijn several cloud mining companies have stopped selling mining contracts till spring!
  • So, combining two factors: stable mining difficulty and enormous grow te rente to bitcoin from investors, wij can await it’s future price grow and cloud mining be more profitable than usual!
  • Moreover, maintenance fees are counted ter $, so with high bitcoin price they are low and mining everzwijn more profitable!
  • Bitcoin is now best investment with good profitability and investment comeback time.
  • Dash cloud mining is worst investment now, because the difficulty enlargened dramatically after hardware miner wasgoed developed.
  • All incomes counted for 1.000$ invested
  • For BTC &, LTC cost of mining is excluded from the day income, so it',s clear income AFTER maintenance toverfee, not before spil you see te HashFlare panel.
  • LTC is automatically converted to BTC, so ter table there is BTC values ter LTC columns.
  • All contracts are for 1 year long.
  • BTC &, LTC contracts have maintenance fees, ETH, ZEC and DASH – no extra fees.
  • For BTC &, LTC contracts if profit became less than maintenance toverfee, HashFlare guaranty to work 21 days before close them. Maintenance fees (ter %) are fairly low now, because BTC price is high.
  • Profitability ter my table is counted like (income – invested)/invested
  • Forecast doesn',t count enlargening mining difficulty (and switching of block prize te some cases) overheen time, so on long period income ter coins will be smaller than forecasted, may be everzwijn much smaller!
  • Price of coins is volatile, none can grant that it will proceed to grow up, not down, so it',s risky investment!
  • But everzwijn if price will druppel, this doesn',t mean it won',t raise again, ussually much thicker than wasgoed before – so patience is your weapon!
  • Crypto-currencies are volatile investments, so don',t invest more than you are ready to lost ter worst case.
  • Price and profitability for different coins can switch overheen time, so it’s clever idea to diversify your investments into different coins contracts.

Fortunate mining, folks!

Spil many people say that cloud mining seems to be a ponzi scam, however, the Two most trusted companies are running truly well and scaling up with the expansion of the cryptocurrencies. The only thing is that you need to wait longer time to breakeven the investment you made. But the best thing is that you dont need to worry about the cooling of the miners, tens unit bills, and many other things. Hence, every coin having Two sides, everything has pros and cons.

Hashflare is better than genesis mining and starts from very low investment.

You can use this listig to register and get 10% discount spil well – https://goo.gl/sXd2vp

  • I would choose to go for hashflare. click the above verbinding and begin earning. Dont fall for free bitcoin scams.

However, with few more bucks you can use Genesis mining – https://www.genesis-mining.com

use this code to get 3% discount – U9B8J1.

Tho’ Dash is a very good investment option but, go for the one which is still the king of crypto – THE BITCOIN ,)

Related movie: How to setup a 60 GH/s Butterfly Labs BFL Single SC ASIC Miner


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