Cryptocurrency mining (fr. le minage de cryptomonnaie, ger. Kryptowährung minen) is a complex process by which new units of digital currency are created and validated via blockchain, that is gaining cryptocurrencies by solving cryptographic equations through the use of ultra-powerful computers. On January 12, 2009, the first Bitcoin (BTC ticker) was mined and as of today, BTC has a market capitalization of nearly $800 billion and emerges as a popular payment means, a store of value and “the golden standard” for all cryptocurrencies. In present day conditions, Bitcoin mining with Proof-of-Work (PoW) algorithm requires a massive amount of computational hashpower and high performance mining hardware. Solo mining for crypto miners turns out to be an unprofitable investment and many cryptomonnaie miners join mining pools, mining farm amp platforms or start using Bitcoincloudmining service. This article is devoted to Bitcoincloudmining services rendered by one of the oldest BTC cloudmining platform Hashing24.
The beauty of mining coins via the cloud for a Bitcoin miner is that it is available for any crypto miner residing in the UK, France, Singapore, Malaysia, Indonesia, Canada, Estonia, etc. The global access to mega powerful mining cryptouniverse eases up BTC mining, thus substantially reducing the cost of initial investment. The coin miner does not need to spend money on the best in class and newest miningbase or miningfarm rigs, server and software maintenance, electricity cost, smart and power efficient cooling systems for a Bitmining cryptoplace, Bitcoinmine premises, among others. By using the BTC cloudminning services, the crypto miner simply leases a certain amount (volume) of the hashing power for non-stop Bitmining via the clouds without investing a lump sum of money in the miningfarm of miningbase to mine Bitcoins.
Why Cloudmine Bitcoins?
- Cheap, smart and affordable price for Bitcoinmine contracts.
- Legit online cloudminning of Bitcoins.
- Great investment for generating passive income and earn profit on cloudux mining.
- Easy and instant access to world class mining data centers.
- One can start mining Bitcoins without any crypto mining knowledge, server logs, farming nuances, SHA-26 bit algorithms, etc.
- It is possible to sell a Bitcoin cloud mining contract any time.
As far as Hashing concerned, it is a legit EU based company specializing in rendering crypto cloud mining services (in particular, cloud based mining of Bitcoins). The company is headquartered in Dublin, the Republic of Ireland, and it has been operating in the cryptocurrency cloudmining sector since 2012 up to date. The Hashing 24 company has gained major recognition and popularity after partnering with private-owned Bitcoin mining company and mining hardware generator Bitfury. The latter is a well known player in the mining Bitcoin ecosystem (mining BTC with its own Bitcoin miner hardware, no Bitminer units are involved) and the farming bit company is famous for minting and generating new coins without adding any empty blocks with the blockchain transactions). It has expanded its influence in the cryptouniverse with representative offices in the UK, Amsterdam, Kazakhstan, Norway, Indonesia, France, Singapore, Russia, Canada, Iceland, etc.
Notably, the Hashing24.com website acts as the official and legit reseller of BTC hashpower (hashrate capacities) to its registered website platform users. To become a Bitcoin miner with Hashing24, it is necessary to order a particular hashrate volume in the form of a cryptocurrency cloudmining contract. The contract duration may be of four types:
- 12 months.
- 18 months.
- 24 months.
- 36 months.
The contract price directly depends on the contract type, contract hashing power volume and the current BTC coin price. The minimum cryptocurrency hashing power a cloudminer is allowed to order totals 0.1 Terra Hash per second with a contract price at nearly $8. Based on personal preferences for cloudbase mining, the cryptocurrency cloud miner is able to buy a contract for Bit coin farming with maximum hashing power of 1000 TH/s. The available methods to buy a cloudmining contract encompass Bit coin, altcoins, fiat currencies like Euro and USD, Asian domestic banking, Single European Payment Area bank transfers and SOFORT instant e-payments. What is more, a cloudminer can deposit Bit coin to their account balance at the Hashing24 website and use the cryptocurrency to pay for Bit coin cloud based farming. The minimal deposit amount on the website totals 0.0001 BTC coins and the very deposit option is free to all platform users.
The Hashing24 web site is a unique and smart cryptoplace for online cryptocurrency mining because it offers free Demo mining a Bitcoin (mining Bitcoins in demo mode). Online Demo mining of Bitcoin can be done through the Demo cryptotab on the website and its main function is to let a newbie cloudux miner to test the functionality of cloud mining and farming without any initial investment (starting capital) or cloudbase knowledge. A Bitcoin miner just needs to navigate to the corresponding cryptotab, select the preferred hashing power to cloudmine on the service and request Demo mining. The number of available Demo mining contracts via clouds is unlimited, however one activated Demo mining contract is operable within 28 days.
Why Try Using Demo Mining Crypto?
- Demo farming via clouds in real market conditions.
- No currency investment is necessary to mine BTC on the clouds.
- Informative online stats for the cloud based farmer.
- Risk free experience for any bitminer farmer.
Another peculiar feature of the Hashing 24 cryptoplace is that a persona can not only mine BTC online, but also start trading (buy and sell) BTC mining contracts as orders on the Trade Desk cryptoplace. The company has devised a software solution with multiple server connections to buy and sell mining contracts online. The trading engine is fully automated and matches buy and sell orders in real time. The mining investment can be easily split or merged and traded on the Trade Desk cryptoplace generator. Based on service necessities, users can hodl and speculate on price swings, start over mine strategies, diversify financial mine portfolio anytime (Aug., Sept., Jul., Jan., Dec., etc.). The bitminer farm operates non-stop on the website and the trading feature can be found under the Trade Desk cryptotab. Mine, buy, sell orders on the service and withdraw mining or trading earnings any time it is deemed necessary because the company does not apply any strict requirements for farm bitminer clouds.
Lastly, the website positions its online profit calculator under the Bitcoin Mine Profitability Calculator cryptotab. Based on the current and future Bitcoin price indices, network difficulty and farm server capabilities, the bitminer can calculate his/her estimated ROI from mining on the clouds and buy the preferred TH/s volume. The web cryptotab is easy to use, does not require any software or server connection and demonstrates anticipated mining earnings based on the given metrics for a cloud farm bitminer server. That is how the BTC cloud farm can be used online.
Concurrently, the cloud based BTC mining is the trend setter and headliner in the crypto mining segment and allows ordinary people to mine the first and most popular cryptocurrency online. However, it is mandatory to select a trustworthy and reputable cloud mining provider in order to avoid scam projects and do not risk your capital.