All About BTC, LTC, ETH mining as well as other alternative crypto currencies
It seems that the Hashie cloud mining service is now back online and fully functioning, however the way they handled the recent problems they’ve had (apparently getting hacked and Bitcoins stolen) is far from good. The service is back online, but any Bitcoins you might have had in your wallet are no longer available and the service apparently is now offering new cheaper miners called Generation 2. It will however be very had to earn back the trust of the over 40 thousand users that the service claims to have, especially of the ones that did not have purchased AMHash cloud mining hashrate. Owners of AMHash cloud miners at Hashie can still move them to the AMHash platform, if they have not done so already. What the service has apparently done for people that have had Generation 1 miners as well as any Bitcoins in their wallets was to distribute them some Frostcoins that should result in bringing some dividends to users based on Generation 2 miner sales. We have already moved our AMHash hashrate to the AMHash platform, however our account did not get any Frostcoins for the Bitcoins we had in the wallet that are now gone. So we would currently recommend to avoid that service if you are interested in investing in cloud mining.
The Bitcoin cloud mining service has resumed offering hashrate from the AMHash farm operated by AsicMiner and RockMiner after a few days of not providing hashrate. The price per 1 GHS is still 0.0012 BTC, but the maintenance fee is now down from $0.00163 to $0.00153 USD per GHS per day and you’ll also receive $23 USD per THS when AMHash is no longer profitable to mine – an insurance against Bitcoin’s price dropping or the difficulty climbing too fast. This is currently among the best offers for Bitcoin cloud mining hashrate that you can purchase from services that are confirmed to actually have mining hardware and Hashie is officially listed as a partner for the AMHash mining farm if you are concerned about the reliability of the service. In fact this is the only partner that provides a more user friendly mining environment for the hashrate that you purchase and a market where you can actually sell your purchased hahsrate to other users. You can also directly purchase from AMHash or through Havelock Investments with very similar terms, but limited functionality, and there are also some additional large volume discounts available. With Hashie you can also get a 10 GHS free miner after your registration to test the service before actually having to buy anything.
Hashie is a new Bitcoin cloud mining service that we’ve been keeping an eye on, it has been available for a bit over a month already, so we’ve decided that it is time to give it a try. The website is registered on October 9th and apparently the service operators want to operate the service anonymously and keep a low profile, like many other similar services, though this does rise some concern among users that are considering to invest in such a service. This is precisely why we gave some time before actually trying out the service ourselves. The main page of the service is pretty basic and does not give a lot of information about the service, you need to register in order to properly check it out and see all the features available to you. What we like is that the service operators seem pretty active in developing the service and have been adding new features all the time, though some of them do need a bit more work to be really good and optimally useful for the miners. We’ll be talking about these in a bit as well as covering what else is needed to make the service better based on our experience and opinion, but so far what we are seeing is very promising.
Up until today the service offered their Generation 1 miners for customers at a price of $4.90 USD per 10 GHS with $0.002 USD per GHS daily maintenance fee with some additional price discounts for volume purchases that can bring down the price per 10 GHS down to $4.51 USD. Today the service however announced their partnership with the AMHash mining farm that is apparently operated by ASICMiner and RockMiner and has started offering cloud mining contracts from that service provider. The old Generation 1 contracts are still available, however the new AMhash ones are are priced lower at 0.0012 BTC per GHS and have a lower daily maintenance fee of $0.00163 USD per GHS. Both contracts are unlimited and continue until the mined coins are more than what you need to pay for maintenance fees with instant activation. The Hashie service also offers 10 GHS free miner for everyone that registers to test the service, however until you purchase some cloud mining hashrate you are not able to withdraw any of the mined coins from the free miner. The minimum purchase you can go for is 20 GH and the payments are made with BTC, in order to purchase hashrate you need to send the coins you your account’s wallet – only 3 confirmations are required before you can spend the BTC for hashrate.
The service has a market where you can put for sale your hashrate if you want to sell it to get cash faster, there are already some offers available, however there is a bit of a problem with the market at the moment. You are not able to purchase just a part of the hashrate put on sale by a user of the service, you need to buy it all, so this makes it harder to actually use this feature. Also the new AMhash cloud hashrate is not yet trade-able on the Market, only the Generation 1 is. The good thing about the market is that you might be able to get a better price per GHS, especially when purchasing bigger amounts of hashrate. Again, buying on the Market requires you to already have the needed amount of Bitcoins available in your account’s wallet and you can of course not only buy, but also sell your purchased hashrate should you decide so. You also have the option to Rename, Merge and Split your miners as every purchase you make becomes a separate miner instance and you can also use the Auto-rebuy functionality to automatically reinvest some of the earnings in more hashrate.
The service has daily payouts, but they are not automatically sent to your Bitcoin wallet, just credited to your service account and you can withdraw them after that if they meet the minimums set. The minimum withdraw amount is 0.0012 BTC and there is a 0.0002 BTC fee that will be subtracted from the amount you decide to withdraw to your Bitcoin wallet. The thing that is not so nice is that you actually don’t know how much you will earn on a daily basis, there is no estimation provided by the service, you need to wait for the daily payout to be executed to see how much you have earned for the previous day. This means that you do not get earnings credited when a block is solved, this happens once every 24 hours automatically and you need to check the Transactions log after that to see how much you have mined with your hashrate available. The good thing is that there is a detailed information in the transaction log on how much was actually mined and what were the electricity fees you have paid etc., so it is quite useful and detailed. It would’ve been nice to also get a statistics for things like mined this week or month, since the start etc. to make it easier to keep a track of your ROI as this is important for miners.
So far we like what we are seeing as functionality of the service and it seems to work pretty well, though the functionality does need some more improvements to make it even better it does seem like a cloud mining service to keep an eye on. We are going to continue testing it and reporting our experience as time goes by, but so far things are looking promising and the price per GHS and the maintenance fees does seem to be one of the best currently available, especially with the new AMhash contracts just introduced. If you just want to check the service out you can register and claim your free 10 GHS miner, it is quick and completely free to do it and then decide if you should invest in more hashrate. We started like that, then bought some Generation 1 hashrate and now we are also going to be purchasing some AMhash cloud mining hashrate as well to see how it goes. As usual when considering to invest in cloud mining services do not put all of your investment in just one place and never spend more than you can afford to loose.