With the mad rush of newbies trying to capitalize on Bitcoin comes the scammers. I have personally calculated the mining yield of several cloud hosted mining companies. For the vast majority of them, you won't ever get your money back. The reason being is that mining gets more and more difficult overtime, requiring more and more computer power to earn the same amount of Bitcoins. Therefore your earnings will decay significantly per month, unless you up your computing power.Don't forget that you can always earn free bitcoins online.
When you buy a mining contract, you buy a certain number of gigahashes per second (Gh/s) for a certain duration of time. I use this Bitcoin Mining Calculator to calculate how much I will earn. Simply input the hash rate (Gh/s) and you will see how much you will earn this month and the next month, assuming Bitcoin stays the same price.
Currently, the cheapest cloud hosted mining contracts out there are from PB Mining. I estimate that from PB mining, I will recover my principal in roughly 3 months and continue to earn passive income for 5 years.
PB Mining contracts are 5 years long, verses the typical 12 month term. I don't anticipate that I will make that much money after 12 months, since the mining difficulty will go up so much. But it is nice to know that my mining contract will still be trickling Bitcoins for 5 years.
Before you buy any mining contract, make sure you calculate your yield so you don't get scammed. If you don't want to buy and install expensive mining equipment, Bitcoin cloud mining is the way to go.
Here we have a list of most trusted cloud mining websites, hope that will help any user who want to start mining in the cloud !
From here you can buy the cheapest KHS from the market to mine the most protitable Scrypt coins http://bit.ly/bitcoin-mine
Here you can buy KHS and GBS to mine coins from Scrypt, SHA-256 and X11
http://bit.ly/bitcoin-mining-freeOn of the fist website which provide cloud mining service with thousands of members ! http://bit.ly/multiply-your-bitcoins
If you have any question do not hesitate to let us one comment! Happy mining.
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Great tips! Renting hashing power online is a great way to start mining cryptocurrencies without having to make the investment in mining equipment.
RăspundețiȘtergereNiceHash allows you to buy hashing power for Bitcoin, Ethereum, Monero, Dash, Zcash, Litecoin and other coins and get paid in bitcoin.
There's no contracts so if mining doesn't turn a profit for you, you can immediately stop your investment.
NiceHash has real miners who use their own mining equipment which is connected to the NiceHash multipool so you'll never have to worry if the mining equipment actually exists.
So if you want to start cryptocurrency mining but you've been hesitant because of shady cloud mining services, this is the solution that you've been looking for.
Click the link below to join NiceHash and start earning bitcoin now:
http://clickmeterlink.com/nicehash
Thanks for sharing...
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RăspundețiȘtergerei could recall when i was knew to Cryptocoin a year ago. I was told i could mine bitcoin with Honeyminer which was true but wasn't fast enough so i decided to research on mining bitcoin this was how i got to know about Dr Jason [drjasonbitcoinminer @ outlook, . com], i contacted him on his above email to inform him how prepared and committed i am to mine bitcoin. Dr. Jason has helped me in mining 4BTC and we're still going on because I'm fully committed. Dr. Jason cloud Mining generates more than 3btc per day before sharing and airdropping to his subscriber list, up to 0.35BTC airdrop per day to your wallet. Don't miss this, tell Dr Jason i referred you.
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