BITMIN Quarter of Way through Crowdfund Campaign, New Cloud Mining Company!
BITMIN is a company that offers investors a platform with a lower entry barrier to mining, which is becoming more important due to the fact that the competition in Bitcoin mining has increased, and will continue to do so. The idea was conceived by Sathes Kumar, a person that wanted to give people a real chance at earning profit from Bitcoin mining after seeing the extremely high costs of competitive Bitcoin mining. BITMIN is doing this by allowing investors to buy “shares” from their IndieGoGo Campaign page for $5, which is equivalent to 18 GH/s of SHA256 mining. This is different compared....
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Bitcoin mining has become a costly affair. Unlike the initial days bitcoin mining now requires specialized hardware with lots of processing power, which has made individual mining highly uneconomical. As we know, most of the bitcoin mining is carried out by big mining companies with dedicated data centres running high powered bitcoin mining application specific integrated circuits (ASICs). Few cloud mining companies like Hashnet and ZenMiner had earlier offered options of individual users to buy hashrate and gain returns, proportional to their contribution of processing power to the mining....
Genesis Mining, a leading cryptocurrency cloud mining provider, has launched a nationwide outdoor advertising campaign in the United States with the aim of raising awareness on the potential of digital currency Bitcoin, and what it is capable of providing to the world. The campaign was launched in Southern Florida, San Francisco, Washington DC, Chicago, and Boston and in the next three months, it is expected to cover over 40 cities across the United States. Founded in the year 2013, Genesis Mining is a leading advocate of the Bitcoin and was one of the earliest companies which offered....
ChronoBank, an ambitious and wide-ranging blockchain project, aimed at disrupting the short-term recruitment sector by connecting employers with freelancers on a peer-to-peer basis, has revealed that it has made a ‘strategic partnership’ with instant exchange service Changelly into its, ChronoWallet while exceeding $3 million in its ICO crowdfund sale. With ChronoBank’s crowdfund due to end on February 14, it has so far raised US$3,359,405, amounting to 3,365 bitcoins, which has been gathered from 1,891 participants. Labour Hour Tokens. The main component to ChronoBank’s operation is its....
In the world of cloud-based bitcoin mining, you never know what you are going to get. Most operators should be scrutinized and researched thoroughly before signing up as there are definitely some legitimate operations. However, there are quite a bit of shady practices as well in the cloud mining space. Recently, a lot of discussions have been aimed at....
Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down operations for an undisclosed amount of time, new companies started appearing all over the internet. XScrypt is one of those cloud mining companies, but it looks like the “company” has gone bust after multiple issues with payouts. Running a cloud mining company is not as easy as it may sound. Not only does a cloud mining operator need access to mining hardware — either self-hosted or remote — but there are tons of....