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.
The Bitcoin cloud mining service GigaHash has received their order of 52 units of Bitmain AntMiner S5 ASIC miners and they are already in operation a few days earlier than the initially promised date of no later than June 9th. Currently there are more than 48 THS worth of hashrate available for purchase as some of it was already purchased by users on pre-order. So at the moment the total Bitcoin mining hashrate that the service has is about 210 THS for Bitcoin mining. If you are interested in purchasing some hashrate at this smaller European mining operation you can now do so with a price of 0.00157500 BTC or about $0.37 USD per GHS with an unlimited term contract (until it is profitable to mine) with a daily maintenance fee of $0.00117 USD per GHS. The daily earnings of the service have been pretty stable lately at about 525-530 satoshi per GHS in the form of dividends that are paid after deducting the maintenance fee. We don’t know about you, but we are planning to increase our hashrate in the service as so far things are working great and problem free after our initial first month of testing and we see a nice potential for even further growth.
The GigaHash Bitcoin cloud mining service that we have started testing about a month ago has recently sold out their GHASH2 batch of 50 THS hashrate bringing the total Bitcoin cloud mining hashrate sold to customers to 150 THS. Since they are waiting for another 60 THS worth of mining hardware to expand the mining farm to 210 THS they have just added a pre-order option for the new hardware consisting of 52 units of Bitmain AntMiner S5 devices that are expected to be available and running before June 9th. The pre-order price is currently set at 0.00152500 BTC or about $0.36 USD per GHS for the upcoming hashrate (maintenance fee is $0.00117 USD per GHS) and you can already order. Do note that the GHASH2 batch 2 Bitcoin cloud mining hashrate will not start mining for you immediately, it should when the hardware arrives in about two weeks from now! So far we are quite happy with the performance, reliability and profitability of the service, so we do plan to invest some more into hashrate with the upcoming new mining hardware.