Bitcoin Mining for Beginners Part I - Cloud Mining
There is talk of TimeToBit being a possible scam in this BitcoinTalk thread. Several people have reported the payouts have stopped, and my payouts have been put on pending too for days now. I keep this article updated with more information. In an experimental mood some time ago, I started mining Bitcoin on my laptop. After a full five minutes, I frantically hit the stop button. My processor went through the roof and the temperature was reaching 90 degrees Celcius. My hands were warm, but my brain was scared. Mining on a laptop was not a good idea. I began looking for a safer way. This week....
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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....
Genesis Mining offers 5% discount on its cloud mining contracts. The holiday season is here! It has just been a couple of days since Thanksgiving. The weekend following Thanksgiving Day, better known as the “Black Friday Weekend” is well-known for amazing shopping offers. The same holds good in the cryptocurrency industry too. Genesis Mining, the most popular cloud mining service provider in the cryptocurrency industry has announced a new promotion as part of its Black Friday offering. In this festive promotion, Genesis Mining is offering a 5 percent discount on all cloud mining packages....
Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. MinerGate, one of the oldest multi-currency mining pools, enters into a partnership with a BitFury associate Hashing24 to provide its clients true cloud mining experience. Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. Cloud mining on the other hand lets one earn their first Bitcoins within a matter of days without....
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....
CEX. IO, one of the leading bitcoin exchanges and cloud mining service providers, has announced the temporary suspension of its cloud mining services. They can attribute this policy change to the sudden and drastic drop in bitcoin value in the past weeks. The suspension is set to begin at the next bitcoin mining difficulty increase and it is unclear how long the suspension will continue. Jeffery Smilth, Chief Information Officer of CEX. IO, stated that this is a forced temporary measure, and. "...as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms....