All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Mining Sweden is a relatively new Bitcoin cloud mining company that has apparently been started earlier this year and as the name implies it is based in Sweden, a still smaller mining operation that wants to expand further. The approach that the service has is a bit different as compared to most other cloud mining operations by offering shares and they want to be transparent and open to users regarding their mining operations. The company has published numerous photos and some videos of their mining operation as well as other proofs of the mining hardware they rely on which is supplied from Bitmain and Spondoolies Tech apparently. They have started with a smaller mining farm with the idea to increase the size also looking for help from users and offering to share their profits with people that decide to believe in them and invest. So far the service does look interesting and quite promising based on our first impressions and we have decided to give it a try…
As a customer, instead of buying hashrate directly, you are buying it the form of shares and you have two different options available. One is mining shares where 1 Mining Share is equal to 1 GH SHA-256 hashrate for a price of $0.69 USD and the price includes all fees for 12 months. The second option is in the form of VIP shares that are limited in number (100,000 Shares total) available at a price of $8.79 USD and for that price you get 5 GHS per share and a share of the company’s profits. The idea of the VIP shares that are a bit more expensive than mining only shares is that you actually become a kind of investor in the company – you help them increase the mining power and you get extra profit in return. So miners interested in faster ROI can get Mining Shares and more serious investors interested in longer term investment can go for the VIP Shares.
As usual we are starting with a smaller investment as with other cloud mining companies that we are testing, so we have decided to purchase 100 GHS worth of shares in hashrate and go for the VIP shares, though we will most likely also invest in some Mining Shares only at a later time if things are looking good. Mining Sweden supports payments with PayPal and Bitcoin, Litecoin, Paycoin, Dogecoin, Darkcoin, Feathercoin or Vertcoin in the form of crypto currencies. We have even found a working discount code for the service that will provide you with an extra 10% discount from the regular prices – just enter ms10 during checkout, so you can take advantage from it as long as it lasts. The usual word of warning for cloud mining services also goes here – do not start big and don’t invest more than you can afford to loose.