All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The Bitcoin cloud mining service MiningSweden is now almost one year old now, though we have started testing and using the service back in May last year. The interesting thing about the company is that it offers two types of the so called mining shares that get you Bitcoin cloud mining hashrate – standard and VIP shares. The slightly more expensive VIP shares are supposed to provide users with extra profit based on the number of shares owned and the total profit of the company behind the project, besides the standard cloud mining hashrate that brings you mining profits. The extra payment that the VIP shares will bring their owners is supposed to be paid after the end of March when the company will close the business year and its profits will be calculated. So payments will be sent to VIP share owners in April most likely and we are going to finally see how the extra investment for VIP shares will pay out over the standard mined coins we got from the cloud mining hashrate.
Meanwhile there are still more VIP shares available (over forty thousand) from the total of 100K that were supposed to be available and sold to users, so you can buy not only standard mining shares with 20 GHS cloud mining hashrate per share for $9.69 USD at the moment, but also VIP shares in promotional multiple packs. You can currently get 1 VIP share along with 10 GHS cloud mining hashrate for $6.90 USD, pack of 10 VIP shares with 100 GHS for $68.25 USD, pack of 50 VIP shares with 500 GHS for $325 USD or 100 VIP shares with 1000 GHS for $614 USD. So far our experience using the service has been one of the most problem free and pleasant ones among all cloud mining services that we have tried, so we would recommend to check out the service if you have not done so. The only thing that we have found somewhat lacking is the lack of more regular information and updates with news, something that is somewhat of a general problem for many such services.
The Mining Sweden Bitcoin cloud mining service has announced a lottery where existing customers of their S7 VIP shares as well as new ones that purchase such by the end of the month can win some extra mining shares. Along with the lottery there is a new temporary promotional code available that can be used only for for VIP shares that gives you 15% discount from the original price, you need to enter the coupon code MS-15 during checkout to get the extra discount. Do note that the 15% promo code will be active for a limited period of time, after that only the MS10 coupon for 10% discount will be valid. We have been using the service since May and there have been no problems and we are happy with what we’ve been getting from it.
Existing owners of S7 VIP mining shares are able to win 5 S7 VIP Shares extra if they find their username listed on a product page on the website, but if you see your username listed you will need to send an email to the service operator in order to claim the bonus. For new purchases of VIP shares every order for a pack of 10 VIP S7 Shares gives you 1 lottery ticket, 50 VIP S7 Shares get you 7 tickets and 100 VIP S7 Shares will get you 15 tickets for the lottery that will be drawn on the last day of the month. If you purchase VIP shares with Bitcoin you will also be added in an extra draw for 25 additional VIP S7 Share Pack. So what you can win is 1st prize with 100 VIP S7 Share pack, 2nd prize is 50 VIP S7 Share pack, 3rd prize is 25 VIP S7 Share pack plus 25 VIP S7 Share pack if your order is with Bitcoin.
With the recent spike in Bitcoin exchange rate a lot of users started to look again with interest in various Bitcoin cloud mining options as well as for buying Bitcoin ASIC miners. The problem with SHA256 ASIC miners however is that there are not many options available for normal users and with the likes of AntMiner S7 for example you may actually have to wait for a whole month to get your hardware if you order now. So the cloud mining alternative where you get your hashrate immediately and it starts mining for you with the low maintenance fees due to the high exchange rate of a single BTC does seem like the better choice. You should be careful though as this may lead to more scams popping up, so do not trust new services without any history even if they seem very promising. We actually have not stopped cloud mining at all, but now with the high exchange rate of Bitcoin we do have plans to invest a bit more into services that have their prices for hashrate listed in USD and here is what services we are currently using…
– Genesis Mining is the preferred Bitcoin cloud mining service in terms of transparency and reliability and we’ve been using it for more than a year already. The company is trying to run a transparent to its user operation, their teams frequently take part in crypto currency events and they have published information on their mining operations including their hardware suppliers. Their prices are in fixed in USD and you can purchase hashrate with various crypto currencies as well as bank cards and wire. We even have a special promotional code that you can use to get a 5% discount for Bitcoin cloud mining hashrate purchases – CryptoMiningBlog5.
– Mining Sweden is a more recent entry in the Bitcoin cloud mining scene, starting as a smaller mining operation with plans to grow with the help of its users. The service offers Mining Shares that are only for cloud mining and VIP Shares that give you not only cloud mining hashrate, but percentage of the profits of the mining operation. Could be a good long term investment as things a working pretty well for the few months that we have been using their services. Here is an extra 10% discount code from the regular prices in USD that you can use, just enter ms10 during checkout.
– GigaHash is another of the new smaller Bitcoin cloud mining farms that we’ve been using for a few months without trouble and they have been growing. This operation started as a private mining investment and after that offering cloud mining services to broader audience with their mining farm expanding all the time. They have recently announced another expansion and plans to offer some more Scrypt cloud mining hashrate as well as more Bitcoin mining hashrate in the form of fixed term contracts with all mining fees paid in advance.
– HashFlare is another more recent service apparently operated by a bit controversial Bitcoin ASIC manufacturer. We were a bit skeptical and more cautious with this one, but so far a few months since we;ve started using them they are doing well and we’ve had no issues with them. If you want to try it out, here is a promo code for 10% off for purchases over 200 GHS – HF15HLLWN10. This discount code was issued for Halloween, but it still seems to be valid, so you might want to act fast while you can take advantage from it, and another one for 20% off for over 1000 GHS purchases HF15HLLWN20 from the Halloween promo apparently still valid as well.
There are some other services that we have some Bitcoin cloud mining hashrate in such as ZeusHash that had some issues recently and we would not advice to go there or Eobot that we just tested and not found as a great place to invest in cloud mining. It seems however that the new trend is to invest in operations that are backed by Bitcoin mining hardware, but that instead give you interest on BTC that you deposit. One of the latest such offers is the HalleyBTC service powered by Halley China’s Bitcoin minign farms, but there is also Bitmain’s Hashnest PACMiC contracts or HaoBTC etc.