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Archive for the ‘Cloud Mining’ Category

mining-sweden-mining-shares

The Mining Sweden Bitcoin cloud mining service has finally made available regular mining shares, something that has been missing for quite a while as we have noted recently. The service was focusing on offering only more expensive VIP shares to users where you need to pay more for hashrate with an additional unknown profit expected sometime at a later time. The mining shares that are back now are in the form of 20 GHS packs with a 1 year contract that includes all power, maintenance and pool fees for the whole period. The 20 GHS Mining Shares package is available at a price of $13.80 USD or with other words $0.69 USD per GHS with no additional maintenance fees, so a better deal than the VIP Shares where you pay higher price for the hashrate, and while you may end up with higher profit at is still a riskier investment.

For more information about the service and to start cloud mining Bitcoins with Mining Sweden…

mining-sweden

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.

mining-sweden-payments

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.

For more information about the service and to start cloud mining Bitcoins with Mining Sweden…

genesis--mining-new-fixed-term-contract

The Bitcoin cloud mining provider Genesis Mining has announced a new type of cloud mining contract with a fixed term of 1 year and a lower price per GHS resulting in faster ROI time than their standard Lifetime mining contracts. The new 1 year Master contract is available with a price of $0.29 USD per GHS as opposed to the price of $0.39-0.45 USD per GHS for the Lifetime contracts. The daily maintenance fee for the new contracts remains the same as before at $0.0015 USD per Gigahash. The standard listed 1 year fixed term contract is for 1 THS, but you can actually purchase a contract as low as 250 GHS fo the fixed term, the minimum for Lifetime contracts is 50 GHS.

The idea with the new 1 year term contracts for Bitcoin cloud mining is to provide alternative for users that want a shorter term ROI and are not interested in longer term investments that could end up bringing more profit over the long run. Do note however that there are no guarantees in the mining world, since the daily maintenance fee is fixed in USD the daily profit can vary depending on the current exchange rate of Bitcoin. The increasing difficulty of the Bitcoin network can also be a factor in reducing your profit over time. So always invest carefully in cloud mining contracts and do your math.

And here is a 2.5% discount code for the new 1 Year Master Contract and 5% off for the Lifetime mining contracts, so you can get even better deal for the price per GHS. All you have to do is to enter the promo code CryptoMiningBlog5 when checking out.

You can get more information about the cloud mining services offered by Genesis Mining here…


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