Which Bitcoin Cloud Mining Services To Go For

4 Nov
2015

cloud-mining-services

With the recent spike in Bitcoin exchange rate a lot of users started to look again with interest in various Bitcoin cloud mining options as well as for buying Bitcoin ASIC miners. The problem with SHA256 ASIC miners however is that there are not many options available for normal users and with the likes of AntMiner S7 for example you may actually have to wait for a whole month to get your hardware if you order now. So the cloud mining alternative where you get your hashrate immediately and it starts mining for you with the low maintenance fees due to the high exchange rate of a single BTC does seem like the better choice. You should be careful though as this may lead to more scams popping up, so do not trust new services without any history even if they seem very promising. We actually have not stopped cloud mining at all, but now with the high exchange rate of Bitcoin we do have plans to invest a bit more into services that have their prices for hashrate listed in USD and here is what services we are currently using…

Genesis Mining is the preferred Bitcoin cloud mining service in terms of transparency and reliability and we’ve been using it for more than a year already. The company is trying to run a transparent to its user operation, their teams frequently take part in crypto currency events and they have published information on their mining operations including their hardware suppliers. Their prices are in fixed in USD and you can purchase hashrate with various crypto currencies as well as bank cards and wire. We even have a special promotional code that you can use to get a 5% discount for Bitcoin cloud mining hashrate purchases – CryptoMiningBlog5.
Mining Sweden is a more recent entry in the Bitcoin cloud mining scene, starting as a smaller mining operation with plans to grow with the help of its users. The service offers Mining Shares that are only for cloud mining and VIP Shares that give you not only cloud mining hashrate, but percentage of the profits of the mining operation. Could be a good long term investment as things a working pretty well for the few months that we have been using their services. Here is an extra 10% discount code from the regular prices in USD that you can use, just enter ms10 during checkout.
GigaHash is another of the new smaller Bitcoin cloud mining farms that we’ve been using for a few months without trouble and they have been growing. This operation started as a private mining investment and after that offering cloud mining services to broader audience with their mining farm expanding all the time. They have recently announced another expansion and plans to offer some more Scrypt cloud mining hashrate as well as more Bitcoin mining hashrate in the form of fixed term contracts with all mining fees paid in advance.
HashFlare is another more recent service apparently operated by a bit controversial Bitcoin ASIC manufacturer. We were a bit skeptical and more cautious with this one, but so far a few months since we;ve started using them they are doing well and we’ve had no issues with them. If you want to try it out, here is a promo code for 10% off for purchases over 200 GHS – HF15HLLWN10. This discount code was issued for Halloween, but it still seems to be valid, so you might want to act fast while you can take advantage from it, and another one for 20% off for over 1000 GHS purchases HF15HLLWN20 from the Halloween promo apparently still valid as well.

There are some other services that we have some Bitcoin cloud mining hashrate in such as ZeusHash that had some issues recently and we would not advice to go there or Eobot that we just tested and not found as a great place to invest in cloud mining. It seems however that the new trend is to invest in operations that are backed by Bitcoin mining hardware, but that instead give you interest on BTC that you deposit. One of the latest such offers is the HalleyBTC service powered by Halley China’s Bitcoin minign farms, but there is also Bitmain’s Hashnest PACMiC contracts or HaoBTC etc.



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6 Responses to Which Bitcoin Cloud Mining Services To Go For

psimaster

November 4th, 2015 at 18:31

Genesis Mining server 500 error??

admin

November 4th, 2015 at 18:41

Seems that their website is currently overloaded and down, should be back online shortly… hopefully.

Reader

November 5th, 2015 at 03:28

Hashie. Gaw. Zeus.

Do you get a cut?

admin

November 5th, 2015 at 10:32

Yeah, we all became crypto billionaires with them and no longer need to mine or write about crypto currencies.

spondoolie

November 6th, 2015 at 03:04

Cloudmining is always risky, because one does not have control over the hardware and the pool. Mining with your own ASIC hardware at home is the more secure and flexible option imho. Ofcourse there are pro’s and con’s in both departments and you always have to be smart and careful in what you are doing and in who you trust.

I was into cloudmining back in late 2013 / early 2014 when I was a newbie to bitcoin and ofcourse I fell prey to scammers too. I don’t do cloudmining anymore and personally I’m not interested in it at all.

And as far as hardware manufacturers are considered, I think professional companies such as Bitmain and Spondoolies, for instance, have proven themselves that they can be trusted. It is true, however, that it has become harder for us home miners to obtain the latest SHA256 ASIC miners, because of the longer shipping times.

Mister Collins

November 10th, 2015 at 02:28

I went with Mining Sweden, there program is great and they have great customer service. fast email response.

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