Bitcoin Cloud Services: Exclusive Interview
Today we have Bitcoin Cloud Services, yet another cloud mining service. Let’s see what they have to bring to the table. I started mining back in 2011, but eventually due to the competitive nature of the Bitcoin network it got more difficult to get early access to hardware. With hardware delays from most of the manufacturers it became almost impossible to the average user to get involved in mining. In early 2014 we decided to offer our mining services to the average user so they wouldn’t have the common problems of setting up their own mining rigs. We have access to custom made efficient....
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Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, "I suspect many [cloud mining companies] will turn out to be Ponzi schemes."There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one could unravel in the near future. An anonymous source has provided information to Bitcoin Magazine regarding the possibility of a Bitcoin cloud mining ponzi scheme involving Bitcoin Cloud Services (BCS), which is currently one of the largest cloud-mining providers on....
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CEX. IO has operated a mixed trading and mining platform since 2013. The company's services enable users to trade their BTC for mining power (Ghs). CEX. IO was one of the world's first large bitcoin cloud mining services, and not too long ago the company's operating pool Ghash.io was almost achieving 51% of the network's mining capacity, raising serious concerns in the bitcoin community that in turn acted accordingly. CEX. IO announced the successful launch of its first fiat currency upgrade on September, 2014. This upgrade allowed users to trade Bitcoins and cloud-based hashing power....
In the world of cryptocurrency, many crypto’s use POW to secure their blockchain. This requires miners. Usually miners are hot, noisy, and use a lot of electricity. That’s where cloud mining (or hashing) comes in. But from one solution comes another problem. Which cloud mining company do I go for? And that’s where MiningContracts.com comes in. 1. History of Development? MiningContracts.com was born from the frustration that one of our team members experienced while researching the many different options available for cloud mining contracts. There’s a lot of cloud mining companies out....