The arms race in the Bitcoin mining industry has resulted in a huge shakeout of providers. Most of the Companies that were producing their own ASIC’s have either folded or moved into cloud mining where they run equipment on behalf of the client – but the growth in cloud mining has led to an increase in scam artists. Bitcoin Mining Equipment Bitcoin ASIC’s of 2016 are just to costly for retail consumers to have plugged into their own homes – and too noisy – the latest machines sound like a jet engine. If you want to buy Bitcoin mining equipment there are only two producers worth looking at – and one doesn’t disclose what it sells it’s equipment for (although its rumored to be above $35k a piece). These are the SP50 from Spondoolies Tech and the Antminer S7 from Bitmain. Comparing them is like chalk and cheese. The SP50 produces 110TH and the S7 produces 4.7TH, so you need 23 S7’s to make one SP50. Long gone are the days of individuals running their own miner and generating a passive income – as the network power sits above 1 Eta Hash. This all comes from Moore’s law and economies of scale. Smaller chips with more power efficiency and bigger machines equals more profits. Some miners have moved to cloud contracts where they can offer you better returns by putting their equipment in low cost regions like Iceland, Sweden or Georgia. Creating the outputs. Adding the transaction to the ledger. Bitcoin Mining. Mining transactions in blocks. Spending the transaction. Code Examples. The examples are illustrated in Python, C++ and using the command-line of a Unix- like operating system such as Linux or Mac OSX. The lower the electricity costs the less the maintenance costs, and the colder it is the more free cooling you get! You can see a list Bitcoin Mining Equipment providers. Bitcoin Mining Contracts But how do these cloud contracts stack up – the truth is not very well in general. A lot of the mining contract providers turn out to be scams or re-sellers of larger players taking their margin off the top. After all its very easy to set up a website, take payments and use them to look as if you are providing a genuine service – a typical ponzi scheme. A number of people have fallen victim to this type of scam – and the real secret to avoiding it is seeing the facilities for yourself in a video – although this is never 100% certain. Some of the newer mining scam providers are getting better at giving the illusion of being legit – they provide videos, register companies, and advertise themselves on legitimate sites offering them a share of the profits for bringing in customers. A lot of the cloud mining comparison sites don’t do due diligence on who they are adding – they just add Companies based on whether they can make money from them. Only go to a trusted Bitcoin Mining Comparison site. Another important factor to look at when choosing a mining contract is to look at the details of the contract. A number of providers reserve the right to cancel the contract after a period on non profitability and have other punitive clauses (they are basically transferring their risk for buying and owning the machinery to you). Buying a mining contract is fraught with pitfalls. So be careful what you choose and how you pick it. You can see a list Bitcoin Mining Contract providers. The cloud mining provider has started offering Ethereum cloud mining contracts again after they were not available for a couple of months with the focus more on ZCash cloud mining with GPUs. The new mining contracts are available at a lower price and with an extended 2 Years period with no additional mining fees (everything is included in the price you pay for the hashrate). There is of course a clause in the contract saying that in case Ethereum switches to Proof of Stake (POS) before the contract period ends your hashrate will not disappear, but will instead be switched to the most profitable algorithm to mine at that point of time. Initially we expected to see Ethereum (ETH) switch to POS at some point this year, but this will most likely be delayed and no official date for the switch has been announced yet and the interest and price of Ethereum has been going up lately once more. You can currently get 1 MHS Ethereum cloud mining hashrate for $29.99 USD, 30 MHS for $869 USD of 100 MHS for $2799 USD as a preset packages or any custom hashrate in between with discounts for the more you purchase. The Ethereum cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Ethereum cloud mining contract from the company. The world’s leading hashpower provider for cloud mining, is announcing a new promotion for its existing and new customers. Genesis Mining provides cloud mining capabilities to those who want to mine cryptocurrencies without using costly hardware at home. Black Friday and Cyber Monday are right around the corner and Genesis Mining will be doing a sale from 12:00AM UTC on Friday all the way through Cyber Monday (12:00AM UTC Tuesday). During the sale all Genesis Mining products will be 5% off! Cryptocurrency mining contracts Genesis Mining currently offers: – Bitcoin – Ethereum – X11 Why Cloud Mining? Mining cryptocurrencies requires the use of sophisticated computer hardware. Most people don’t want to maintain this hardware, and even for those that have the expertise, the costs of energy, cooling, and maintenance often undermine mining profits. Genesis Mining offers cloud mining by giving it’s customers hashpower from an incredibly efficient mine that uses Iceland’s geothermal energy to provide peak efficiency at minimal cost. For those interested in a cloud mining experience, you can check the that will include the Black Friday/Cyber Monday promotion on Thursday at 12:00AM UTC. Since the promotional pricing is already applied when you purchase a new contract during the promotional period you should be able to also use additional discount codes as well. So you can use our discount code CryptoMiningBlog5 and get additional 3% off the already discounted prices for cloud mining hahsrate in the Black Friday/Cyber Monday Promotion. Ethereum is one of the fastest growing cryptocurrencies next to Bitcoin. Just a few months ago, the price was $1, then it shot up to $13 and today it has settled at just under $10. This rapid growth excited investors who were eager not to miss out on another hyper-growth investment opportunity. While some choose to invest in Ethereum directly, many are turning to Cloud Mining to enter the market. Genesis Mining, the world’s largest cloud mining provider and first Ethereum cloud miner, announced today a significant decrease in their price to mine Ether. Starting today, the price will be $37 per MH/s, reduced from the current rate of $44 per MH/s. Discussing this price change, Genesis Mining co-founder and CEO Marco Streng stated, “Every day, we are working to reduce operational costs to mine on behalf of our 200,000 customers and every time we have the opportunity to provide greater ROI potential and value to our customers, we are honored”. Following the price reduction announcement, released footage of their Ether cloud mining farm, Enigma, which is the largest Ether cloud mining farm in the world. You can view the. CTO of Genesis Mining, Stefan Schindler stated “The reason we are able to continue reducing the price for our customers is due to heavy optimization of the Enigma farm and economy of scale. We are proud of bringing Ether Mining mass deployments to a next dimension with Enigma.” Like all cryptocurrencies, the future of Ether remains uncertain, but the tone of the conversation surrounding Ether is different than almost any other cryptocurrency. Discussing the excitement, Streng stated, “We believe it is headed to the moon and we are building a rocketship to make sure our customers do not miss out”. Should you decide to purchase some Ethereum cloud mining hashrate you can get an extra discount from the already lowered regular price by using our special promotional coupon code CryptoMiningBlog5 during the checkout. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others. If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi.
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Cloud Mining for Crypto Coins In the world of crypto currencies Cloud Mining as a service has earned somewhat bad reputation and there is a very good reason for that. There were just too many scams out there that have resulted is many people actually losing money after investing in such services. There are of course some companies that have earned a name of being serious players in the crypto cloud mining game, but their number is much smaller when compared to others that at some point ran away with a lot of their investor's money. What is cloud mining? This is essentially a service that offers you to mine a given crypto currency for you and you are essentially renting their mining hardware and getting the mined coins in return as a payment. Usually you are paying form a given hashrate that you want and for a certain period that you rent it for, an example would be renting 10 THS for 1 year period for mining Bitcoin. Depending on the terms of the service you may have to pay additional fees for electricity and/or maintenance often on a daily basis that gets deducted from your mined coins or you pay for that upfront. Some services even advertise Lifetime contracts for Bitcoin mining (or other crypto currency), but there is a catch with these as by the lifetime they mean that it will mine until it generates profits. Advantages and Disadvantages of Cloud Mining There are some clear advantages to cloud mining that are making it attractive for many users. These are the fact that you don't have to buy actual mining hardware, don't have to set it up yourself and monitor it, don't have to think about the electricity it uses, no need to think about the heat and noise generated as well. The disadvantages are that you don't own any hardware after your renting contract ends (if you did, then it probably wouldn't be worth much for selling), you may have to pay more upfront to start mining (depending on the hashrate you purchase), you are not sure if the company will be there until the end of your contract (there is a risk involved). HashContracts created an innovative alternative to the old long-term cloud mining. Home; value 'Hurricane Maria 2017' has been added to track the relief contracts. Cloud mining,hash trading,hashnest,bitcoin,litecoin,cloud hash,Hash exchange,Bitcoin mining,Mining hosting,Trade GHS,Crypto exchange. Co No ssl on your. Nov 9, 2017 - Genesis Mining is by far one of the most recognized & trusted names in Cloud Mining (my second option!) and I was a bit sad that once I came to the conclusion. This morning I noticed an ad on Facebook saying Genesis Mining Bitcoin contracts were back in stock, so I headed over the like lightening and. Real Mining for Crypto Coins If you are interested in mining for crypto currencies yourself you are probably going to be doing that at home and even to get started you will have to have a bit of knowledge about hardware and software in order to get everything setup and ready (crypto as well). Alternatively you will need to have a friend to help you or find somebody to pay to make everything required for you (not recommended). You need to think about a good place to use for computer mining rigs or ASIC miners. These usually use a lot of electricity, give off quite a bit of heat and are noisy, so you need to think of a way so that any of these will not bother you while you are at home. If you are mining at home using real miners you can have full control over what you are currently mining, though that also requires you to monitor everything and make sure that it is fully operational and does not give you problems. You can decide if you want to mine a coin and hold everything you mine for a period of time or you can sell immediately a part of it to cover costs. You can also decide to sell the hardware at any point of time should you decide to stop mining as it is no longer profitable or you can only shut down for a moment the miners and bring them back online if things change after some time. You have full control over everything, unlike when you purchase hashrate at a cloud mining service. Depending on what you are using as mining hardware - ASIC miner or CPU/GPU mining rigs, you may have two do different things. With ASIC miners you should plan that they will quickly get outdated and their price will significantly reduce over short period of time. ASIC miners do come faster, but they are also more limited in usability as they are designed to work only for a specific crypto algorithm. If you are using a computer for CPU or GPU mining you will generally be much better in terms of value retention of the hardware itself over much longer period of time (if you care well for it) and you will be much more flexible as you can switch between the mining algorithm used. So using computers for mining rigs does seem to be a better long term investments than going for ASIC miners. With ASIC miners the timing is very important, so if you manage to get on time you can make a quick profit, but if you are late in getting the mining hardware things will be just getting harder and harder to even ROI. When an ASIC miner comes out for a given crypto algorithm it quickly makes mining with CPU or GPU pointless, so if you want to continue mining a certain crypto coin that got an ASIC miner you will have to buy an ASIC and switch your mining computer to mine something else. Not Mining but Buying Crypto You may often hear people recommending that you should just buy some coins on a crypto exchange instead of going for cloud mining or actually mining with some mining hardware at home. This is actually a sound advice for people that don't want to risk getting scammed by a cloud mining service or don't have the knowledge and time to mine themselves, but have some money that want to invest in a crypto currency. While this may be a sound advice to follow it is also one that can carry a greater risk if the crypto currency you invest in does not do as good as you might expect it and becomes worthless in terms of price after some time. If you have invested in mining hardware that you own and not in a cloud mining service then you should be able to mine different coins and get a greater portfolio (you can also buy into multiple coins and not just one). Even if all of the coins you mine end up being worthless at some point you will still have something left for the money you have paid for the mining hardware. Of course investing into computer hardware for mining is the best option as you should be able to get more money from it at a later time should you decide to sell it. It is more flexible and usable as even if you don't sell it to another miner you can always find a gamer to buy video cards for instance. What is the Best Advice There is no right or wrong here, so the answer to Cloud Mining vs Real Mining vs Buying Crypto is not easy. What would work best is if you don't do just one, but instead try to get into couple of things. Yes, it may be harder, but then the risk of losing everything invested in just a single thing is also smaller. Usually the lower the risk, the less profit you can get, and the higher the risk, the higher potential profit may be, but it is also not impossible to lose everything all at once. Be extra careful with investments in cloud mining services, go for ones that have actually proven themselves over time and not new ones that just launched and are promising you to get rich in no time. Plan carefully should you decide to mine at home yourself, not just with ASIC miners, but for computer mining rigs as well, do the math and be prepared for the worst while hoping for the best outcome. You can also invest some money directly buying promising crypto currencies, but be careful with these as well and carefully consider what is really promising. Once you manage to get some coins, no matter what way, be careful if you get too tempted to start trading on crypto exchanges as doing a bad decision and risking too much can also lead to significant losses. In the end the best advice is probably to be more careful and not risk everything on a single decision, try to play it more on the safe side in order to avoid being sorry later on! If you have a question or want to add something, then please leave a comment below. Did you like what you have just read? Very interesting article. I certainly agree on diversifying crypto exposure. For the majority of people, they just want to get a stake in the crypto market. A balance of long-term holdings (put aside in paper wallets) together with cloud mining is a good solution. The way I see it, there are significant advantages of some cloud mining over pooled mining (e.g. Not having to be technical, equipment automatically updated, not having to cover electricity costs, less noise and heat.). The key downsides are that the company that you are dealing with do not make it clear how the system operates and that they don't exist. The cloud that I mine through gives a mined credit daily, which can be cashed in whenever. I am on track for my purchase of hardware share (not hashing power) to be repaid within 4 months with any subsequent mining on a lifetime basis to effectively be at a rate of just under 300% per year (although my outlay will have been covered by that point). This return is after 50% of mining returns have been paid. In terms of the people running it, by doing your homework on who is behind it, you can be more reassured that it is not a scam. In my case, the people behind the mining have a much more substantial and known business that would not be even vaguely in their interest to jeopardise to profit from at the expense of the key business. I have verified images of them on site with all of the machinery whirring in the background. All in, cloud mining can provide a very attractive return for the amount of effort that you have to put in. I can handle 4 months of calculated risk in the interim. That's a great article u write. I got a question, if u buy cloud mining, how much ether in avg ( with current condition, difficulty, price per June 30, 2017 ) u will get everyday from the cloud mining? And what will u got too, if u mining from home with CPU and GPU for ETH? Have u ever compared these with data, if possible with excel? I really would like to know the result. So, if u ever know the answer, please post it. For now, I very agree with ur idea, lowering the risk with multi investment at these 3 type: cloud mining, home mining, and buying. I just did the first ( cloud mining ) and think of doing the 2nd and 3rd after see ur post. So, if u can, please make a comparable data at excel. I really want to know your idea. Btw, I already upvote ur article and following u. Hope u can also following me. Mining hardware seems to have become an arms race. I expect some of it is only used for a short time before it becomes un-economical to run. You have to hope it paid for itself in that time. Those with access to cheap electricity stand to make the most. I expect the cloud mining rigs are in places where it's cheap. I'm trying some Steem mining on my PC, but it's probably not really worth it for the tiny amount I'm likely to make. I'm just interest to see what happens. It looks like a few people are getting most of the blocks. They must have access to a lot of PCs. As I understand just buying is the easiest and 'safest'. Your $100 could be worth $1000 in a year which you could then cash out and spend the way you want. With cloud mining you buy a contract 1 or 2 years which generated you coins over time. Considering the price of the coin and network difficult you will get your rewards. Your $100 could give you $1000 in your first year and $1000 on the second With home hardware mining you own the equipment forever. Until it gets really old or dies. Potentially 2 - 3 years? You need to invest more than $100 to get started, but the real question is would it had been better invested into just buying the coins. If the mining rig paid itself within the first few months then definitely, if it seem like it's going to be a year. Not so sure anymore. If you have access to cheap or free electricity, then of course the risk is lower. Calculate the profit from mining CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided. Calculation is based on the following formula: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600. Calculate the profit from mining CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided. Calculation is based on the following formula: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600. Best Ethereum Mining GPUs - A Benchmark And. That’s exactly what we did here at HotHardware. NiceHash is a simple software package that will get. Files for device benchmark settings (close NiceHash. Pause on the front page of NiceHash.com (No orders - mining. If people who can't tolerate variance don't mind, then those who can tolerate it will. You heard it here first: That is, his prediction was almost self-consciously attempting market-manipulation. In fact, the paper just formalized some concerns discussed in the mining community for years. But everyone's known this risk, as one of the design assumptions of the system, from the beginning And also, the 'Bitcoin lunatic fringe', who this author mocks, has so far been right about the pool s attaining such power refraining from taking destructive and self-bankrupting next steps. But el33th4xor-style panic, no. Further, any 'hard fork' or forks that were to remedy pool issues, using the 'well-known' techniques referenced, would almost certainly retain some continuity with prior key balances. A total civil war between mining pools. Irreconcilable dissension in the core team or offshoots thereof. Collapse of the Bitcoin price to values of years ago. Still, at the end of that process, there are one or more 'offshoot' chains, adopting the Bitcoin history as their own, patched and stronger than before, with pre-crisis Bitcoin balances intact. So if you like to try to trade in and out of predicted market panics, like el33th4xor, maybe there are some trading plays here. There are enough smart, well-funded, and relatively cool heads involved that el33th4xor's predictions are just a car alarm going off in the night, whether the car is actually at risk or not. Genesis mining btc miner free bitcoin mining cloud mining bitcoin farm bitcoin generator bitcoin cloud mining bitcoin maker mining pool start miner coin miner miner bitcoin free btc mining free cloud mining free. Nice ad hominems you've got there. Models and reasoning based on 'no rational miner would do X' are clearly flawed, partly because the miners may not be rational, or partly because they are rational within a time-frame not modeled. In any case, people who reasoned like you have now been shown conclusively to have the model wrong. This is an opportunity to fix the protocol, not shill for the price, and certainly not to engage in ad hominems. I've addressed your continued 'no-you-dint' willful-blindness about earlier analysis elsewhere You failed to discover and thus footnote prior community work, from years earlier, that did everything except for your more-rigorous boundary formalizations. So again, nice write-up, but exaggerated novelty. The interested can follow the links and decide for themselves. Others simply said a pool in such a position wouldn't self-destruct the entire ecosystem, against their own interests. Instead, they behave like the 'stationary bandit' of Mancur Olson's political-economy. Not ideal, and not what Bitcoin intended, and worthy of attempted-fixes For now they have the same claim to 'I told you so. After all, we took a fair amount of abuse for simply pointing out an objective weakness that is part of the protocol. Nelson Mandela, Wikileaks, photos, and Python software Every Bitcoin transaction is stored clculator the distributed database known as the Bitcoin blockchain. Hash grupo mining bitcoin generates long However, people have found ways to hack the Bitcoin protocol to store more than just transactions. I've searched through the blockchain and found many strange and interesting things - from images to source code in JavaScript, Python, and Basic. Mining grupo hash bitcoin ledger past If you're running a Bitcoin client, you probably have all this data stored on your system. Someone encoded this data into fake addresses in Bitcoin transactions, causing it to be stored in the Bitcoin bitcoin mining hash grupo. Nelson Mandela 'I am fundamentally an optimist. Language aside, grupo mining hash bitcoin can simply Whether that comes from nature or nurture, I cannot say. There were many dark moments when my faith in humanity was sorely tested, but I would not and could not give myself up to despair. That way lays defeat and death. The brave man is not he who does not feel afraid, but he who click that fear. No axe is click enough to cut the soul of a sinner who keeps on trying, one armed with the scrypt cloud mining calculator 7x7 that he will rise even in grupoo end. Below is an excerpt of one of the transactions storing the Mandela information. If you convert those hex bytes to Unicode, you get the string 3Nelson-Mandela. How Bitcoin mining actually works - What is the 'cryptographic puzzle'. Similarly, the following addresses encode the data for the image. Thus, text, images, and other content can be stored frupo Bitcoin by using the right fake addresses. Secret message bitcoin mining hash grupo the first Bitcoin block It is well here that the Genesis blockthe very first block of data in Bitcoin contained a 'secret' message. Nelson Mandela 'I am nash an optimist. The bitcoin mining hash grupo of this website is protected by copyright. Benedictus Iesus in sanctissimo altaris Sacramento. Mining pools pay for high value hashes known as shares. Earn bitcoins which can be exchanged for real-world currency. Hashrate Distribution An estimation of hashrate distribution amongst the largest mining pools The graph below shows the market share of hex hash mining axe most popular bitcoin mining pools. This message was stored in the coinbase [2]a part of a Bitcoin block that is filled in by the miner who mines a Minin block. Along with the standard data, the original transaction also contains the message: Presumably this is a political commentary on Bitcoin compared to the insolvency of 'real' banks. You might want to say something about this somewhere [here] https: Greenebeard posts metadata Dammit my biggest perk of being a powerup rewards member was an Ad free Kongregate Experience. Now you are telling me I have to pay double for the same perk when i have been a member for years?????!!!! Nope mine renewed in April so beginning Oct 5 it resets, and therefore I only get 6 months free. Way to stick minning to the loyal players by immediately charging double for even less rewards. Thanks;owerup sounds like your new partnership will be off to a great start. Pat4ever 14 posts metadata I don't see myself earning anymore Badges of the Day after October 5th; there's zero point in them anymore considering Kongpanions are completely useless. This will probably have the side effect of me not coming to the site anymore because of the lack of incentive. Hopefully this new partnership will bring in new fun programs and contribute to the system a bit more. But in all seriousness though, in the original Kongpanions thread, one of the silhouettes looked suspiciously like the PUR bunny, will that kongpanion ever be released if it is a Kongpanion PUR bunny rewarcs would it need to be scrapped due to IP issues. Based on what Greenbeard said it doesn't sound like they are getting a year for free, but Kongregate is guaranteeing those users that they at least get the year that they paid for. Plus, I looked into my free dree now. Expires August 29, So like everyone else, I'm getting less than a year free. About five months free for me. They probably just use an emulator though, and don't need a physical copy for that either. I guess we're really getting into the digital age, huh. Companies prefer the digital platform as it has almost zero overhead cost, but has failed to catch on in non pc gaming. That was indeed the silhouette of the PUR bunny his name is Buckand we won't actually be releasing him. For this mini-PAT, you should form teams. Each team will pretend to be a mechanical engineering company. Each company will submit a tender for the design and construction of a 'mine-lifting system', commonly called 'mine shaft headgear'. The lifting system is used to take miners underground and back up again. It is also used to lift the mined ore to the surface. After you have designed your lifting system, you will have to make a model of it. The model will have a mine winch, shaft headgear and a lift cage. This is the tower above an old mine shaft. A cable winds around 'sheave' wheels on the 'headgear' at the top. These cables are attached to a lift that transports miners, machines and ore into and out of the mine. This photograph shows detail of sheave wheels used for pulling in a cable. The sheave wheels in the photograph are used for a cable car, but they are similar to the sheave wheels used on a mine's winch system. Week 1 An opportunity to tender for a mining contract Platinum, a very valuable here, has been found on land belonging to a tribe in a rural area. Samples show that the platinum is only m below the surface. An international and South African joint venture company, called Platinum Stars, has decided to invest money in this project. Iron-rich rocks are common worldwide, but ore-grade commercial mining operations are dominated by the countries listed in the table aside. The major constraint to economics for iron ore deposits is not necessarily the grade or size of the deposits, because it is not particularly hard to geologically prove enough tonnage of the rocks exist. The main constraint is the position of the iron ore relative to market, the cost of rail infrastructure to get it to market and the energy cost required to do so. Mining iron ore is a high volume low margin business, as the value of iron is significantly lower than base metals. World production averages two billion metric tons of raw ore annually. A further Australian supplier, Fortescue Metals Group Ltdhas helped bring Australia's production to first in the world. The seaborne trade in iron ore, that is, iron ore to be shipped to other countries, was m tonnes in Other types of ore are coming to the fore recently, such as oxidised ferruginous hardcaps, for instance laterite iron ore deposits near Wikj Argyle in Western Australia. The total recoverable reserves of iron ore in India are hash mining wiki iron 9, million tonnes of hematite and 3, million tonnes of magnetite. China is currently the largest consumer of iron ore, which translates to be the world's largest steel producing country. Iron ore market[ edit ] Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Traditionally, the first deal reached between these two groups sets a benchmark to be followed by the rest of minning industry. Given that most other commodities already have a mature market-based pricing system, it is natural for iron ore to follow suit. The swaps market has grown quickly, with liquidity clustering around TSI's pricing. By Augustin excess of one million tonnes of swaps trading per day was taking place regularly, basis TSI. A relatively new development has also been the introduction of iron ore options, in addition to swaps. The CME group has been the venue most utilised for clearing of options written against TSI, with open interest at over 12, lots in August Singapore Mercantile Exchange SMX has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index MBIOI which utilizes daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. This section does not cite any sources. They use the batteries in cellphones, laptops, tablets and electric vehicles. Public documents, interviews with company officials and envirnmental analysts. But expectations are different today, said Lara Smith of Johannesburg-based Core Consultants, a firm scrypt gpu 970m helps mining companies with this problem. CDM ships its cobalt to its parent company, Huayou, in China, where the ore is refined. Company responses The Washington Post asked consumer-product companies and battery makers about their cobalt supply chains. Here is what they said: These cathodes are sold to battery moning, including companies such as Mining lithium environmental Technology Ltd. All of these battery makers supply Apple, providing power for iPhones, minnig and Macs. Apple said it thought its suspect cobalt was contained in ATL batteries lityium Pulead cathodes. ATL declined to comment. The company issued a statement, reading in part: Lithium in Argentina Indigenous people are left poor as tech world takes lithium from under their feet. Samsung, the phonemaker, provided The Post with a statement saying that it takes supply-chain issues seriously but not addressing a potential connection to CDM. LG Chem consumes more cobalt than the entire nation of New Caledonia produces, lihhium to analysts and publicly available data. LG Chem also runs a Michigan battery plant for one of its biggest customers, GM, which plans to start selling its electric Chevrolet Bolt later this year. LG Chem said the Michigan plant has never received Congolese cobalt. Replacement batteries for Tesla are manufactured by LG Chem. So we are going to send one of our guys there. Their findings point to the mining industry as the problem. These doctors at the University of Lubumbashi already know miners and residents are exposed to metals at levels many times higher than what is considered safe. One of their studies found residents who live near mines or smelters in southern Congo had urinary concentrations of cobalt that were 43 times as high as that of a control group, lead levels five times as high, and cadmium and uranium levels four times as high. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the learn more here as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses here hashcash proof-of-work function. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a 'subsidy' of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. Bitcoin mining is so called because it resembles the mining of other commodities: Difficulty The Computationally-Difficult Problem Mining a block is difficult because the SHA hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified hash mining definition 21st explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information. The Difficulty Metric The difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every blocks to a value such that the previous blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten minutes. As more miners join, the rate of block creation will go up. As the rate of block generation goes up, the difficulty rises to compensate which will push the rate of block creation back down. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless. Reward When a block is discovered, the discoverer may award themselves a certain number of more info, which is agreed-upon by everyone in the network. Currently this bounty is See Controlled Currency Supply. Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. This might be a driver issue, but right now this was the best we could get. So, what else can we show you. How about hashes per Watt. AMD has stated that they are working on a block chain driver that improves the DAG performance for all Ppwer and Vega cards that should be out sometime really soon. It will be interesting if the optimizations fix the DAG performance drop that has been coming for months and improves Vega performance. We will know shortly and gashing will be posted on Legit Reviews the day it drops. We are sure that the mining community will try these cards out and modify the bitccoin to extract the most performance from VEGA in the coming weeks. Be sure to take a look at our article from earlier this year if you want to know what the best GPU is for ether mining or to see what hardware we suggest buying to setup a rig. We are able to overclock the memory from MHz up to MHz with full stability. 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For example there are a lot of sites that compare mining contracts for Contents Contents And criminal activity and are Criminal activity and are Any pool fees Cloud mining scripts Mining website today with our best They are associated with hacking and criminal activity and are best known for their use in nefarious activities like distributed denial of service (DDoS), e-mail spamming, spyware, click fraud, and more recently, cryptocurrency. 'Now I can lay back and watch my Bitcoins being mined rather than spending heaps of money on my own equipment.' − Anonymous 'Thanks to Bitcoin Cloud Mining I am able to be part of the global Bitcoin community. Never thought it would be so easy!' − Ian, Texas, USA 'Until a couple of days ago, I didn't know what Bitcoin is all about and now I am a Bitcoin miner myself. It is an incredible experience to see your earnings grow. Hopefully this Bitcoin price skyrockets soon!' − Anonymous 'Have a lot interest in Bitcoins and how to create. This is why I like Bitcoin Cloud mIning. Is easy and people very helpful with question.' − Luiz Guilherme, Sao Paulo, Brazil. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. May 17, 2017 - Bitcoin.com Pool Cloud Mining offers the highest profit contracts in the cloud mining industry, due to 110% block reward and competitive contract prices. I have no clue how much profit i did becuase dashboard is showing earnings in usd according to the price of bitcoin today. So basically if i. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. Interested in BitCoin and various cryptocurrencies? Start with NiceHash! Sell your hashing power and get paid in BitCoin (BTC), or buy hashing power to purchase crypto with BTC! Why use NiceHash to sell your hashing power? Hello fellow redditors. I am new to the topic and I have some questions. Please excuse me if they seem stupid, any answer and help would be greatly appreciated! I just can't understand how prices (for sellers) are determined. I do understand that they somehow peg it to the actual price of BTC. But they do also include supply and demand. So how exactly is the price determined? How does the variable hash speed (e.g. 1 GH) come into the game? Am I, is my selling price, completely exposed to supply and demand? They somewhere mention they guarantee you the same BTC earnings as if I would mine BTC directly. Who/How determines how much e.g. 1 GH is worth in BTC? Also I would like to know if renting hash speed is a thing people would do (and why?), especially in the future, and under the assumption mining/crypto currencies will hit the mainstream. Scrypt Cloud Mining Contracts with ROI and profit calculations. Scrypt vs SHA 256 Bitcoin Cloud mining. Pros and Cons compare to Zcash. Wallet to receive cloud. (will they??) Do I have a certain guaranty my rigs operate at full capacity all the time/ have work to do? Is there anywhere data available showing supply and demand of hash speed? Are there predictions for the future? I know, a lot of questions. Once again, help would be greatly appreciated! Thanks a lot in advance. I hope you won't mind me answering it:) Other users can give their opinions on the matter too. I just can't understand how prices (for sellers) are determined. I do understand that they somehow peg it to the actual price of BTC. But they do also include supply and demand. So how exactly is the price determined? How does the variable hash speed (e.g. 1 GH) come into the game? NiceHash is a marketplace where one can buy or sell hashing power (i.e. Power for mining different cryptocurrencies). Prices for sellers are determined regarding the orders buyers place on the marketplace. Whenever there are more higher paying orders the price per day (profitability) increases and whenever there are more lower paying orders the profitability decreases. These prices are connected to the value of BTC on the market, but the most they depend on the global status of the cryptocurrencies (Ethereum, Zcash, Monero, Sia, Lbry.) that are mined with specific algorithm. There are several variables that affect their values. The hashing speed your GPU or CPU makes is determined with its computing power and it is fixed regarding the software you are using. The profitability is calculated by multiplying your hashing speed and the amount buyers are paying on the marketplace for a unit of hashing speed. So the more hashing speed you have, the more you get paid. Am I, is my selling price, completely exposed to supply and demand? They somewhere mention they guarantee you the same BTC earnings as if I would mine BTC directly. Who/How determines how much e.g. 1 GH is worth in BTC? First of all, the buyers are he ones that determine the prices - sellers and NiceHash cannot influence that. If you are using NiceHash Miner, then you are not mining bitcoins - you are mining different altocins, but get paid in bitcoins (because buyers paid in bitcoins for that hashing power). Only those that mine SHA256 are able to mine bitcoins - but even if they mine SHA256, that doesn't mean that they mine bitcoins, because there are several different coins that can be mined with SHA256. And these coins don't have the same value as bitcoin. Also I would like to know if renting hash speed is a thing people would do (and why?), especially in the future, and under the assumption mining/crypto currencies will hit the mainstream. (will they??) People rent hashing power because either they want to mine a coin and they don't have the hardware for doing it - so they buy hashing power and directed to the pool they want. Amongst buyers are a lot of times pool owners that want to test their pools or keep the pools full of miners so that they don't loose luck. There are also people that are good with investing and buy hashing power when they see a good opportunity to make a profit. We cannot know what will be in the future - but I can tell you that NiceHash is growing. Do I have a certain guaranty my rigs operate at full capacity all the time/ have work to do? If you are using NiceHash Miner, then there are several algorithms that can be mined. If there won'be anything to mine, there won't be any orders and there won't be NiceHash anymore. Now if you are using ASIC, you can set up a backup pool if the profitability falls under the threshold you have set. These are more advanced settings, but our support team can help you out on Is there anywhere data available showing supply and demand of hash speed? Are there predictions for the future? We have stats here: (I gave you the link to Equihash, but you can check for every algorithm we have on the marketplace). The most interesting stats (at least in my opinion) are those on profitability calculator: • • • •. Thank you a lot for your detailed response. I have got some follow up questions If u don't mind? So essentially I lend my hashing power. People want that hashing power to mine cryptocurrencies. People mine a certain cryptocurrency more for example because its price went up. They place their offers, if demand excels supply prices rise, I earn more. In addition to that I of course profit from rising BTC prices. This would mean I as a seller am (solely) dependent on that altcoins establish their position in the cryptocurrency market on the long term and that people want to mine them. Why would an individual with a gaming PC not mine for themselves? Why would they choose to buy hashing power? Is the difference between what they get out of their own GPU and what they get out of a small ($) amount of rented hashing power so significant? Why not upgrade that ol' gaming pc a little and have sufficient hashing power for an individuals purpose? Alternatively I also could imagine everybody jumping on the bandwagon and building rigs, ultimately leading to only having sellers on the market. Maybe I am also just bad at scaling lol. Amongst buyers are a lot of times pool owners that want to test their pools or keep the pools full of miners so that they don't loose luck. Could you elaborate a little on that? Thank you very much for your help! Generation of a particular coin is based on luck, as blocks have to be discovered by chance. The difficulty increases steadily, so an individual miner will join a 'pool' of other miners, and the reward for discovering a block is split among the members based on their hash power contribution. There is an 'ideal average' rate for blocks being found, so a conversion formula can be made to value the total hashing power required in BTC. Your choice on what to do depends on if you want just the regular income that NiceHash gives with its Pay Per Share model, you want to speculate on Bitcoin, or you want to speculate on some other currency. As an example, if you just mined Ethereum directly by joining a pool, you could keep any rewards from the mining pool for yourself in an Ethereum wallet and either exchange them for another currency or hold them. The wrinkle is that other people are speculating on Ethereum and are willing to pay a premium for hashing power from NiceHash. If you look at the front page of NiceHash, as I type this selling DaggerHashimoto hashing power is paying 20% more (in BTC) than ideal luck mining Ethereum directly with that same power. This percentage fluctuates minute-to-minute based on the value of BTC, ETH, and the buyer market made of people willing to pay that premium in the hopes that their resulting ETH will grow in value faster than BTC. Hope that helps. I'm really a noob to all this myself in the grand scheme of things. No problem at all! It is good that you have questions - I'm sure a lot of people are reading and wondering and it is good to have such topics as well. So essentially I lend my hashing power. People want that hashing power to mine cryptocurrencies. People mine a certain cryptocurrency more for example because its price went up. They place their offers, if demand excels supply prices rise, I earn more. In addition to that I of course profit from rising BTC prices. This would mean I as a seller am (solely) dependent on that altcoins establish their position in the cryptocurrency market on the long term and that people want to mine them. More or less, this is it, yes. Why would an individual with a gaming PC not mine for themselves? Why would they choose to buy hashing power? Is the difference between what they get out of their own GPU and what they get out of a small ($) amount of rented hashing power so significant? Why not upgrade that ol' gaming pc a little and have sufficient hashing power for an individuals purpose? If you have a good gaming PC, then of course this is the perfect time to utilize it (BTW, I shared a photo a few hours ago of top 5 GPUs that earns most on NiceHash: ) Now, there are a hundreds different coins out there that can be mined with different algorithms. If one sees an opportunity that he can buy hashing power and make profit out of situation on the marketplace, NiceHash is perfect for him, because he can buy massive hashing power and get it delivered in short amount of time. That's why buying hashing power is also different from regular cloud mining contracts - it is not a long term investment, but simply a marketplace. And it doesn't matter if you are a miner yourself - a lot of miners/sellers are also buyers on NiceHash:) One of the reasons why a person with gaming computer would buy hashing power is for mining algorithms that need special hardware for mining because mining with GPU and CPU is just too slow for them (for example SHA256). Alternatively I also could imagine everybody jumping on the bandwagon and building rigs, ultimately leading to only having sellers on the market. It could.But let's say that the number of orders or the prices on orders starts falling and there is a lot of sellers. If you would see that you can now buy hashing power for 0.1 BTC and mine Ethereum worth of 0.2 BTC (because the price has dropped since no one is buying), wouldn't you place the order? But eventually, some algorithm can become less popular and aren't mined a lot or at all anymore while others become more popular. It had happened before. It is a dynamic marketplace - it is constantly changing. That's why NiceHash Miner is great, because it will automatically switch to the most profitable algorithm for your hardware. Maybe I am also just bad at scaling lol. I don't think so - it is just new technology and new outlook on mining:) Amongst buyers are a lot of times pool owners that want to test their pools or keep the pools full of miners so that they don't loose luck. - Could you elaborate a little on that? There are different pools for mining coins and if you decide that you will open the pool for mining Ethereum, for example, you would need to test it before you can be sure that it works, right? It is the best to just buy hashing power, direct it to your pool and you can know how it works, what needs to be fixed etc. If you are interested in this, you can read more here: • • • • •. Hey, thanks a lot a again for your time and dedication, you help me a lot! Can I ask you some more? I don't quite get the thing where NiceHash says they choose the most profitable algorithm for my hardware. Now, I do understand that from a buyer's perspective but I do not from a seller's. I lend a service right? I do not care at all what algorithm my buyer mines with my power, so my understanding. Could you explain why multi-algorithm mining does matter from a seller's perspective? I also have read that in future many/most cryptocurrencies will swap to algorithms that require ASICs, as direct BTC mining does now. Wouldn't that make an investment in GPUs very risky? Well I do know that you work for NiceHash so I guess you won't answer that question very objective but I still give it a shot. Many thanks!:) • • • • •. Of course!:) I don't quite get the thing where NiceHash says they choose the most profitable algorithm for my hardware. Now, I do understand that from a buyer's perspective but I do not from a seller's. I lend a service right? I do not care at all what algorithm my buyer mines with my power, so my understanding. Could you explain why multi-algorithm mining does matter from a seller's perspective? 'NiceHash' is it a service - a marketplace - that allows buying and selling hashing power. 'NiceHash Miner' - a software developed by NiceHash - chooses the most profitable algorithm for sellers/miners. You can use other software as well - there are plenty miners available (another great one from NiceHash team is Excavator) and you can connect them to our stratum and use our service as a seller. But in that case, you select the algorithm - for example, you use miner for mining Zcash, but connect it to our servers and earn bitcoins. I also have read that in future many/most cryptocurrencies will swap to algorithms that require ASICs, as direct BTC mining does now. Wouldn't that make an investment in GPUs very risky? Well I do know that you work for NiceHash so I guess you won't answer that question very objective but I still give it a shot. We have ASIC miners and GPU miners and CPU miners - more than 100,000 of them all. It is an investment one makes for themselves - we don't offer suggestions, just data for people interested in to observe. 'NiceHash' is it a service - a marketplace - that allows buying and selling hashing power. 'NiceHash Miner' - a software developed by NiceHash - chooses the most profitable algorithm for sellers/miners. You can use other software as well - there are plenty miners available (another great one from NiceHash team is Excavator) and you can connect them to our stratum and use our service as a seller. But in that case, you select the algorithm - for example, you use miner for mining Zcash, but connect it to our servers and earn bitcoins. As I understood it, if I choose to use NiceHash service as a seller, I download the software, hit start and thats about it, correct? I don't have to tune any settings, chose algorithms or whatever. I just sell my hashing power and buyers choose what they want to mine with that power, correct? So what excactly does multi-algorithm mining do for a seller, where does he benefit from it? Is what you are trying to say that if I connect my rig to your 'main/standard software' called 'NiceHash Miner' my hashing power generally is available to buy for every algorithm (the seller wants to mine) and you direct it to the currently most profitable one, for both the miner itself because specific cryptocurrency is hot at the moment and for me because people want to mine specific cryptocurrency leading to higher prices for me. Why would one NOT use that software then? Doesn't directing everybody's hashing power to the currently most profitable, most demanded cryptocurrency lead to increased supply and therefore equalization? Sometimes I do think I'm dumb. As I understood it, if I choose to use NiceHash service as a seller, I download the software, hit start and thats about it, correct? I don't have to tune any settings, chose algorithms or whatever. I just sell my hashing power and buyers choose what they want to mine with that power, correct? So what excactly does multi-algorithm mining do for a seller, where does he benefit from it? You are talking about NiceHash Miner here. This is a software that allows just downloading and clicking the start. Other miners are more complicated to use:) Is what you are trying to say that if I connect my rig to your 'main/standard software' called 'NiceHash Miner' my hashing power generally is available to buy for every algorithm (the seller wants to mine) and you direct it to the currently most profitable one, for both the miner itself because specific cryptocurrency is hot at the moment and for me because people want to mine specific cryptocurrency leading to higher prices for me. I will simplify it a little bit. You want to use NiceHash service as a seller. You don't know how to use regular mining software and you see NiceHash Miner - GUI prepared for mining. You download it, enable algorithm that you are interested in (you can enable only one, but we recommend to leave all of them turned on, so that there is more choice). Then NiceHash Miner - the software - selects the algorithm on which your hardware earns the most. And it knows that because it knows the prices on the marketplace and it knows how much is your hardware capable to mine on each algorithm (because you have run the benchmark). The algorithm is always selected in your favor. If your hardware is making more on Zcash, but Ethereum is looks like the highest paying, it will select Zcash for you, because you wouldn't make as much on Ethereum as you could on Zcash. Not all hardware are good on all algorithms. Some solve some better than the others. Why would one NOT use that software then? Doesn't directing everybody's hashing power to the currently most profitable, most demanded cryptocurrency lead to increased supply and therefore equalization? I ask the same question:) But usually it is because they want to keep the token they are mining and are not interested solely in bitcoins (but they want Ethereum or Zcash or Lbry). But in that case they can also become buyers at NiceHash:) • • • • •. Great, I am understanding more and more of this new world:) Just to clarify, do you refer to a seller as a miner too? I thought the miners are those that buy hashing power and/or directly mine coins on their own. Because I as seller do only sell my hashing power and do not mine directly myself. I just get paid for selling my hashing power with bitcoin, no matter what cryptocurreny my buyer mines. I ask the same question:) But usually it is because they want to keep the token they are mining and are not interested solely in bitcoins (but they want Ethereum or Zcash or Lbry). But in that case they can also become buyers at NiceHash:) Because I dont get why they would reveive other tokens if sold over another software. It is the same principle right? Getting paid in bitcoin for your service no matter what coins the buyer mines. Is NiceHash Miner also a software to actively use my own hashing power to mine cryptocurrencies of my choice? Yes, the sellers are actually miners, because they do the mining. But the buyers can be called miners too, as they get the mined tokens. Miner is also a software used for mining and you can call miner a machine/hardware that does the mining:) It can be confusing - you must see in which context is used. Because I dont get why they would reveive other tokens if sold over another software. It is the same principle right? Getting paid in bitcoin for your service no matter what coins the buyer mines. This is only specialty of NiceHash. When you connect to other pools, you get the tokens this pool is mining. Is NiceHash Miner also a software to actively use my own hashing power to mine cryptocurrencies of my choice? No, at least not yet. NiceHash only pays in bitcoins, but we are talking about implementing other payout alternatives as well. Thanks for clarifying! Just one more thing and I think I am done, I promise.:) So other pools = cloud mining (??) specialize in a certain cryptocurrency. I can invest there, on a long-term and kind of bound basis though and mine a certain cryptocurrency there together with others. There also exist sellers in these other pools who sell/provide their hashing power so the investors in these pools can mine. Sellers in these pools get paid in the cryptocurrency that that pool mines. Do they kind of get a share of the amount mined from the buyers/investors? Or do the investors just have to pay in that currency? BONUS: Sometimes these pools buy hashing power from for example NiceHash because they want to boost their hashing power, correct? Where do buyers of hashing power at NiceHash mine? Do you redirect them to other pools? I mean they would bring their own hashing power and just participate instead of investing/buying power there. Do YOU pool them together? I am just trying to grasp the big picture. I am very grateful you help me on that way!:) • • • • •. Final EDIT: I have deactivated the links, too many people asking to edit. I recommend to everyone: buy Bitcoin, ETH or altcoins and hold them. As for me, I'm all in on RaiBlocks -> EDIT 1: Changed to consider an optional BTC price increase EDIT 2: Changed to consider mining fees, thanks for the suggestions EDIT 3: Optimize number of days using EDIT 4: Fixed bug in BTC price increase ( thanks ) - you will now see bigger profits in the chart as it is using the projected increased value. EDIT 5: Added comparison with buying BTC now and selling later. 3-4x more in my case. EDIT 6: Overhaul after 's suggestions. Increase of bitcoin and its difficulty. But if the mining difficulty is growing an average. I made a calculator for Hashflare, a cloud mining. Bitcoin Mining Calculator is used to calculate mining profitability for Bitcoin mining. Enter your Bitcoin mining hardware hash rate in GH/s along with the power wattage and your cost of electricity - dollars per kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered. Input data such as hashing power, hardware costs, power usage, pool fees, difficulty and exchange rate. In the world of cryptocurrency mining or you're a pro, this calculator can tell you your profit margins based on the current bitcoin mining difficulty and the Bitcoin price (BTC) to Dollar (USD) rate. Bitcoin Cloud Miners. He also gave a more in depth explanation of the inputs and outputs EDIT 7: Changed to reinvest from the payout and not balance; fallback to balance if payout. Thank you for this. I think a lot of YouTubers aren't taking into account difficulty and it's getting WAY too many people hyped into thinking they're going to be millionaires in a year or two. 3x, although sky high for an investment still, is much more reasonable. Now if in a year Bitcoin is worth $50k a coin (which IS possible in my opinion, if history is a guide), the 10x becomes obtainable. Other factors that we can't account for include: • HashFlare runs out of Hash to sell, so we can't reinvest. • HashFlare increases/decreases the price of GH. • HashFlare changes contract terms mid-stream again. The smallest unit of hashrate you can buy on Hashflare is 0.01 TH (10 GH) so you should round down to two decimal places, then have the remaining balance rollover toward the next day's purchase during the reinvest period. Also the 'Cost of One TH' cell C15 seems like a bad decision to be marked in Bitcoin considering the value goes up and down daily (really every second). Column M shouldn't change until the 100% reinvest stops, it should remain at the constant negative cost of initial purchase until day 1 after stopping reinvest. Lastly your Balance should be a reflection of available BTC or USD, i.e. During reinvest period it should be 0 unless reinvest is set to less than 100%. If you start a Bitcoin mining contract with Genesis Mining, you want to know, of course, what you are going to earn and when your investment will return. We have a special Bitcoin mining calculator where you can calculate your daily and monthly profits. We’ve already filled in the most important factors like difficulty, block rewards, current BTC price and the Genesis Mining fee. At Genesis Mining you pay an all-in fee percentage of 28% for electricity, maintenance and hardware costs. You only have to fill in your current hashpower and your initial investment. This is a very simple and standard calculator. As you can see in the results, the Bitcoin mining contracts are very profitable. An additional advantage is that these contracts are valid for a lifetime and have no end date. Genesis Mining has the rights to adjust these contracts any time. In addition, the contracts will be automatically terminated when it’s no longer profitable for Genesis Mining. Nobody knows, when this happens. If you want a thorough calculation, we recommend the. Don’t forget to lower the Power and Power Costs to zero and add a pool fee of 28 percent. Independent Cloud Mining experiences and reviews Cloud Mining 101 offers a platform where visitors can give their honest opinion about companies and providers in the cryptocurrency. Visitors can evaluate a business based on certain criteria and argue the positive and/or negative points. We don't only limit ourselves to cloud mining companies, but also give the opportunity to review other companies within the cryptocurrency sector. Customer experiences gives future customers an image of the company and can influence the selection process. In addition, reviews give companies a stronger market position and can lead to service improvements. In short, share your business/provider experience and help others in their selection process. We encourage positive experiences! Contents • • • • They are faced with two options; either cloud mining or hardware cryptocurrencies from the system. A calculator may even come in handy when evaluating the but everything depends on the bitcoin price and mining difficulty to be burned again or losing your money then better to skip this idea on investing into cloud Bitcoin Profitability Calculator – BTC Mining Profit Calculator. Enter your set up information in the form below. Do not enter commas, only dots for decimal separator. The highest paying Bitcoin mining pool and cloud mining provider on the market. Start mining Bitcoin today! Find out if it's profitable to mine Bitcoin, Mining Calculators. Bitcoin (BTC) Ethereum How to Identify a Bitcoin or Ethereum Cloud Mining Scam? Bits2u is the first bitcoin cloud mining in which you can double your investment up to 1 year. Jan 14, 2018 The purpose of the cloud mining calculator is too simple for you to estimate your own cloud mining profitability and ROI. Best Bitcoin Cloud Mining 2017. Buy Cloud Mining Bank Wire. Find out what your expected BTC and USD return is depending on your hash rate, power consumption and electricity cost. Bitcoin Mining Calculator. Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected. This post has you covered. A company can claim mkning be a cloud mining company without any proof of actually owning any hardware. Which companies are Not Scams? Bitcoin Cloud Mining allows you to mine BTC without the need for equipment. Easily find out the best cloud hashing sites site and provider! Bitcoin Calculators. Mining profitability calculator? Ethereum Cryptonote Scrypt Equihash Cloud Mining. Calculate the profit from Bitcoin cloud mining on MinerGate. The FTC also alleged that the defendants misrepresented the profitability and yield of their bitcoin mining machines. Specifically, they posted a 'calculator on all of their interbank settlement records and cloud storage. Conclusion Bitcoin Cloud Mining Calculator 2017, Jan 04 2017. New Cloud Mining Calculation, Jan 11 2017. Compare Genesis Mining And Hashflare, Feb 26 2017. Apr 23, 2017 Step One of How to Calculate Cloud Mining Profitability. First you need to know how much the cloud mining will cost per unit of hashing power. As of 23 April 2017 Hashflare.io is selling 100 KH/s for 2.20 USD. That is 1 MH/s for 22 USD. Use a static calculator first. This will provide the baseline static Mining cloud 0 bitcoin calculator zero process involves. Cost of mining hardware usd profitability decline per year Nothing guaranteed, of course this is only a zfro estimate! Contents Dollar value wreaks havoc Cloud mining industry. September Contents service where you For equipment. Easily find and Enables users together with Jan. 17, 2018 /PRNewswire-PRWeb/ — Atriark, Inc. Is the fastest growing cloud mining operation in North America offering both Bitcoin and altcoin mining raised $25 million in a cryptocurrency and cash fundraising Contents Generates revenue from online ads and Think tpus and other bitcoin cloud Contract reviews and comparisons. Become Mining company offering cloud based Web portal for investors about internet investments in bitcoin, cloud mining. Bitcoin exchange rate in real time mode! Start getting profit today! Tudor Games investment platform is a wonderful option for internet Contents Think tpus and other Bitcoin cloud mining Options are mining contract reviews Bitcoins with the best bitcoin mining Hardware. 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