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Posts Tagged ‘cloud mining

bitcoin-cloud-services

In the last year or so many companies appeared and disappeared in the world of cloud mining and very few have managed to survive or turn out to be more than some quick scheme to trick the miners. One of the few cloud mining companies that remain and continue to operate is Bitcoin Cloud Services that is turning 1 year old on March 12th, though we started using it and did our first review of the service just about 8 months ago back in June last year. To celebrate their 1st year anniversary there is a currently ongoing price promotion for Bitcoin cloud hashrate being sold this hole week with discounts based on the amount of hashrate you purchase. The discounts listed below are applied automatically depending on the amount of GHS you buy, they are counted towards the standard price of 0.0017 BTC per GHS that the service has.

Promotional volume discounts for hashrate:
0.0016 BTC per GH/s in orders over 50 GH/s (5.88% Discount)
0.0015 BTC per GH/s in orders over 1000 GH/s (11.76% Discount)
0.0014 BTC per GH/s in orders over 10000 GH/s (17.64% discount)

The mining contracts are for 1 year with no additional fees, everything is included in the price of the hashrate you purchase, payouts are being sent on a daily basis. The service is keeping mostly anonymous profile does not reveal much about their actual mining operations, but the payout address is publicly available and you can check the payment transactions that go out.

For more information about the cloud mining currently offered by Bitcoin Cloud Services…

bitcoin-cloud-mining

Due to the low Bitcoin price a lot of players have been left out and the Bitcoin cloud mining industry has been reorganized. Bitcoin is here to stay and Bitcoin Cloud Services mining operations will continue as the company has reassured us that they have secured hardware and energy agreements that will give a competitive advantage when the price of Bitcoin recovers. The last difficulty adjustment for Bitcoin brought a negative difficulty of -6.14% and this means more Bitcoin for the same hashing power and ROI in less time. However do not forget that investing in Bitcoin mining is something that is expected to give long term profitability. Over the course of the weekend Bitcoin Cloud Services is running a promotion with a 10% discount of the regular price of 0.0018 BTC per GHS for hashrate. All you need to do is to apply promo code BTC10OFF2015 during checkout to receive the 10% weekend promotion. Do note that this discount will be active only during the last weekend of the month, so make sure you don’t miss your chance to use it if you are buying Bitcoin cloud mining hashrate.

For more information about the cloud mining offered by Bitcoin Cloud Services…

genesis-mining-transfer-hashrate

The cloud mining service Genesis Mining has announced an interesting options to its users that have purchased Scrypt cloud mining hashrate – an option to transfer the Scrypt hashrate into SHA256D hashrate. With the current low Litecoin exchange rate and the high network difficulty a lot of services offering Scrypt cloud mining are close to being unprofitable resulting the in the cancellation of these contracts. While the Scrypt cloud mining hashrate at Genesis Mining is still bringing some prfoit, though not much, the service has decided to offer users the ability to convert their Scrypt hashrate to SHA-256 hashrate. So you can turn 1 MHS into 1 GHS, something that may not seem like a very good offer considering how much you had to pay for for 1 MHS as compared to 1 GHS, but with the current low profitability for Litecoin on the longer term it might not be so bad with the chances that soon your Scrypt mining contract might be terminated if it becomes unprofitable and this trend lasts for 20 consecutive days.

There is a bit of catch though, you have only 3 days from now to make your decision if you want to make the switch from Scrypt to SHA-256 cloud mining hashrate at a rate of 1 MHS for 1 GHS. After that this offer will most likely not be available and it is up to you to decide if you should take it or not as there is still a chance that Litecoin may recover and become viable to mine it again. The only thing you need to do is login to your account and click on the Transfer Hashpower button in your contro panel. A word of warning though, clicking on the button will immediately transfer the Scrypt to SHA-256 hashrate, there will be no confirmation required and you will not be able to reverse your decision. So make sure you carefully decide if you should take up on that offer or not.


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