Cloudmining Part 1: A market overview for users
When it comes to engaging in Bitcoin cloudmining, there has been a lot of hype but little entry-level information generated for the average user. As the concept of mining Bitcoin becomes more and more well-known as a concept, many more consumers are looking into the idea. However, with difficulty at its current level, the expense associated with hardware purchasing, as well as the mining process itself, is off-putting, and so cloudmining is becoming the natural choice for many new parties today. The infrastructure surrounding mining, especially hardware manufacturers and mining pool....
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CoinTelegraph concludes its review of a selection of the most popular cloudmining providers with the all-important overview of just how much money is involved for potential users. Cloudmining needs to be suitably profitable for customers, as well as offer flexibility when it comes to harnessing and spending or reinvesting those profits. With this in mind, we check out the costs to the consumer for each of our cloudmining providers, and see how easy it is to get your hands on your precious coins fresh from the ether. (Please note that due to currently experiencing difficulties,....
CoinTelegraph recently publishpart one of its review of the most popular cloudmining services. Technical details covered, we now turn to the all-important user experience: is cloud mining genuinely a safe, enjoyable feature of Bitcoin? As with several areas of the Bitcoin community, cloudmining entities have occasionally come under scrutiny and received negative attention over certain issues occurring. Accordingly, we include our providers’ support and reference materials in our statistics, in addition to usability features such as interface and website design. Support and FAQ. Users can....
In yet another case of suspicious cloudmining scandal, it looks like Chabat Mining is down for the count with no signal or sign of life. Additionally, it seems as though they aren't paying out to those that held contracts on their site who can no longer access the web page. When visiting their page, users are greeted with a 403 Forbidden error. There is no message stating there are problems. There is no notification to users with active mining contracts. There is only a message without any consolation. Chabat Mining hasn't been paying out for an extended period according to concerned users....
Genesis Mining has risen from the midst of the rapidly-expanding cloudmining market to lead the way for scrypt mining in 2014. The German-directed, Bermuda-registered corporation offers some of the most flexible and feature-packed mining experiences available, and is continuing to expand its capabilities and outreach. We caught up with founder Marco Streng at Inside Bitcoins Hong Kong and the Central European Bitcoins Conference to get the latest news on the company's development plans, challenges and achievements, as well as some off-topic talking points. Marco himself has had a thorough....
Cloudhashing or Cloudmining, the process of paying someone else to mine BTC for you, has been popular since the rise of CEX.io's Ghash service. Numerous alternatives have risen to compete with Ghash such as Hashie and LTCGear. Many cloud mining sites have been revealed as poorly designed ponzi schemes over the last year, as anticipated by Gavin Andresen. It seems we might be seeing more now. Update: LTCGear's website is back online, though no payouts have been received. Also read: Gavin Andresen Suspects Ponzi Schemes in Bitcoin Cloud Mining. Hashie Playing Games? While literally no....