All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The cloud mining service Mining Sweden is a relatively new entry in the world of Bitcoin cloud mining services, but it is a service that seemed promising when we started testing it back in May. A small mining operation that wanted to grow along with the users that support it by nit just selling hahsrate, but also a kind of shares that will bring dividends to users aside of the mining profits. The idea was apparently to use the extra cash from the sales of VIP shares for growing the mining farm by purchasing more mining hardware, a good idea if it is not the only option you get. The problem with the service however is that they have stopped offering regular mining hashrate only and are offering only more expensive hashrate that comes along with VIP shares. Now, paying for more expensive hashrate is not something many people are willing to do with just a promise of additional unknown extra profit from the VIP shares in a year. In our opinion this is actually preventing the service from growing faster than actually helping it, especially now after we’ve been using it for some time.
We have purchased 150 GHS worth of hashrate with some VIP shares and so far we are happy with the results, note that the price of the hashrate also includes all maintenance fees for 1 year, so in theory with a good additional dividends coming from VIP shares when the mining contract is over it should result in a good profit. The problem is only that “it should” and nobody knows for sure what to expect as an extra profit from the VIP shares, precisely one of the reasons that is keeping us from investing in more hashrate. That of course does not stop the service operators to try and offer more attractive options for hashrate packs, but as we’ve said normal mining hashrate hasn’t been available for a while. The latest offerings include a package of 10 VIP shares with 100 GHS hashrate for $122.40 USD (you can get a 10% discount of the regular price wiht the promo code ms10), 50 VIP shares with 500 GHS hashrate for $745 USD or 100 VIP shares with 1000 GHS for $1090 USD (you can get a 20% discount of these prices with a promo code ms20). So if you are interested you might want to check out the new deals available and take advantage of the additional discounts via the promotional codes.