All About BTC, LTC, ETH mining as well as other alternative crypto currencies
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.
The cloud mining platform ZeusHash has announced that it will be running some interesting promotions for Halloween. Tomorrow, October 27th the service will offer special prices for Bitcoin and Litecoin cloud mining hashrate valid until November 2nd. The prices you can get for hashrate can be down to as low as $459 USD per THS for BTC hashrate and $12.99 USD per MHS for LTC. All new orders for hashrate between October 27th and November 2nd will have 7 days of mining with no maintenance fees for 7 days after the purchase. At the moment the regular price for 1 THS Bitcoin hashrate is $859 and 1 MHS Litecoin hashrate goes for $15.99 USD, so if you are planning to purchase some hashrate make sure to take advantage of the promo starting tomorrow to enjoy the double bonus – lower price and 7 days with no maintenance fees.
On a side note, ZeusHash has told us about their partnership with two major players in the Bitcoin mining industry – ASICMiner and XBTec. The partnership is needed to ensure that the platform will be able to offer competetive prices for Bitcoin cloud mining as ZeusMiner, the company operating the service is making only Scrypt ASIC miners. ZeusHash has already partnered with Rockminer and aside from using their miners for Bitcoin cloud hashrate, the Rockminer T1 ASIC miners are also being sold by ZeusMiner. ASICMiner is a well know name in the mining world, but you might look into XBTec which is a younger company that probably many of you are not familiar with. It is not yet clear if ZeusMiner will also be selling hardware from ASICMiner and XBTec or they will be using their products only as a part of the ZeusHash platform for providing cloud mining hashrate.