CEX. IO Upgrades Bitcoin Cloud Mining Hardware And Halves Costs
Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
Related News
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....
Cloud mining is a far safer way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware. Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. The process allows users to mine Bitcoin or altcoins without having to manage their own resources.Related: What is an altcoin? A beginner’s guide to cryptocurrencies beyond BitcoinIn traditional crypto mining, cryptocurrency is produced through a computational process. Miners need to solve complex mathematical problems using mining....
Cloud computing and crytpocurrency mining may have seemed like an odd combination back in the days of GPU, and later FPGA, bitcoin mining. The rise of ASICs for SHA-256 transaction processing on the Bitcoin network, however, meant that something had to give. That's where Cloud Hashing comes in: the company charges a per-gigahash contract fee that allows users to harness the company's own mining equipment. It's bitcoin mining in the cloud. Given the fact that mining equipment is loud and noisy, Cloud Hashing could easily be compared to any other type of 'heavy lifting' computational process....
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....
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....