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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....
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 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....
The GetHashing Cloud (GHcloud), is the first decentralized crowd mining platform. The founders and developers of this new service thought to introduce a whole new concept for cloud mining services. By introducing decentralization, they were able to go back to the original ideas presented by Satoshi Nakamoto. GetHashing was designed by a small group of digital currency enthusiasts with the goal of building a new and original community-based mining platform that was entirely cloud-based and built on top of the blockchain. It is the first fully transparent, community-driven bitcoin cloud....
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....