Tag: hashflare

Cloud mining worth it in 2017…?

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Okay so I have researched this topic a bit extensively and I believe I have come to a conclusion, maybe some of you have came to the same one as me, who knows, lets see… Bitcoin is basically the entire backbone of all cryptos. I honestly could see bitcoin outperforming gold this year. If it’s possible than there could be way more barriers being broken for all cryptos I’d imagine.

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Now back to the topic at hand…

So the cheapest “top of the line” miners are not only insanely large, noisy, and power hungry for the consumer market, that it really isn’t the most profitable investment in the long term. The hardware needs to not only be maintained by you but any damages as well. Then there’s powering them which isn’t cheap unless you have an unlimited supply of free energy. It’s a lot of stake to put in for people who are still just grinding just to survive.

All of these factors scare me from attempting to get into owning any mining equipment.

Now cloud mining is what is revolutionizing. It brings the convinience of mining except none of the physical requirement for doing (hense the name cloud mining). Now I know most on here are at least somewhat familiar with mining, see people constantly talking about it, of course we’re on a crypto platform! This is just a comparison to put it simply.

So to answer the question…

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Is cloud mining worth it in 2017…?

Yes, this year is the year for cloud mining. The rates for gh/s have only gone down and making returns has never been easier.

Getting started is even easier and here is my list of favorite cloud mining sites that I approve of and have some merit to them (Note all mining companies have some slight risk but as does all crypto).

#1 Hashflare

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HashFlare is the number one site with easy withdrawals. buy hash power and start mining. Sit back let the system work for you.

 

All in all, crypto is only growing as an idea, just as our consciousness is ever increasing with each passing day. So it’s best to be a part of it now early on so you can be ahead of the rat race. Decentralized currency is the future, time to embrace it.

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Nicehash Mining Ethereum 46Mhz

What is Ethereum?

source: Ethereum Youtube

I have been mining for couple years when I started Ethereum was only worth about $5. I mine other coins and I have a great site that gives you best results to find out which coin to mine with your setup. Check it out: Whattomine.com

I recently built a Rig and I am trialing it as I am not super rich and I couldn’t afford 6 GPU’s. But don’t let that restrict you. You can mine with one or more cards. You will get returns. My ROI on my two cards are as follows:

RX480 8GB Radeon Powercolor – 28mhz 55Days

RX580 4GB Radeon Gigabyte – 22mhz 75Days

I am using a AMD setup you can use Nvidia and Intel but i Find AMD Radeon cards better and cheaper .

Currently I am using a Site called Nicehash If you interested in it follow this link.

Nicehash

You can buy power with them or sell it by mining. They support many Algorithms. So any one can mine there. I am mining ethereum through DaggerHashimoto.

Here is my Daily stats:

Ethereum day

I think If you can afford more GPU you have better options. Or Start off small. There are other coins Like :

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These stats are on two RX480 Radeon 8Gb Cards. But I am not far off.

So I said i would show what I have used in my Rig setup:

  • Gigabyte Radeon RX 580 Gaming 4096MB GDDR5 PCI-Express
  • Power color Radeon RX 480 Gaming 8GB
  • EVGA SuperNova P2 850W ’80 Plus Platinum’ Modular Power Supply
  • Kingston Fury Black 8GB (2x4GB) DDR3 AM3+
  • Kolink PCI-E 1x to 16x powered Riser Card Mining Rendering Kit Pro – 1m
  • Motherboard GA-990FXA-UD3 Ultra
  • Kigston 120GB SSD Drive

Roughly Total Price of this setup is £800+

If you cant afford that then there is other ways Like I also mine on Hashflare Check it out. Best Cloud Mining site.

Cloud Mining Is another great way to mine with out the hassle of building a rig and having to build one. so You need to decide what best suites your needs. I recommend both.

 

So If you want mine with your own Rig then Click Here to use Nicehash Miner

Or

 

If you want to Cloud mine Then Click Here

Two Recommend Wallets

  1. UQUID

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Now this is a Crypto Card you want supporting over 89 different crypto-currencies. With over 50+ countries world wide. Amazing Grab one now Free to Sign up. Card only Costs $14.99 Euro and USD welcome
#Wallet #Crypto #Currecy #Debitcard #worldwide #secure
2. Coinpayments

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Other pool I recommend

https://miningpoolhub.com/

https://www.nicehash.com/

https://ethermine.org/

Hope you enjoy mining as much as I do. If so Subscribe to My YouTube Channel for further updates:

Michael van breda Youtube

Or

Follow This Guy He is Amazing and knows his things

IMineBlocks

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Ethereum More Profitable Than Ever Before Wow…..

What is Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM).

Sourced from

Ethereum – Wikipedia

So I have been mining Ethereum for some time now. I mine it on a Cloud site and I mine it with my GPU. Depending on what suits you. I think they both work. I prefer cloud mining as less cost and easier to mine but more risk as sites can go down.  But I have found a Site I use and Recommend as I have used them for a year and half with no faults and no issues. I recommend HASHFLARE.

What is Hash Flare?

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HOW IT WORKS?

HARDWARE

Hardware
Miner is a highly efficient piece of mining equipment specially designed for cryptocurrency mining. Our datacenters house hundreds of miners.

POOLS

Pools
Miners are connected to pools. There are many pools so HashFlare allows you to connect to ones you choose. This allows you to find the most profitable combinantion.

PAYOUT

Payout
Next, all mined cryptocurrency is distributed among all customers of HashFlare depending on their share of hashrate in the whole system.

Sign Up Now For FREE

 

So That is Cloud mining. But you can also Mine With your GPU.

What Is GPU Mining?

A Bitcoin mining module is usually a worker as assigned in the Bitcoin miningsoftware. For example, four GPUs are plugged into the motherboard constituting the Bitcoin mining hardware. Then the Bitcoin mining software identifies each GPU as a unique worker.

So this example is about Bitcoin but I am using my GPU to mine Ethereum which is more profitable. As it works better with a GPU processor. So in order to mine with your GPU.

You will need to mine with a pool or solo. I prefer Pool mining which this is about if you want to solo mine you will need to research on youtube.

The pool I am mining with is called ethereum.miningpoolhub.com

Its easy to join its free. Get your self setup then all you need is a good GPU. and you willl need a GPU miner. Ether for Nivida or Radeon. What ever you have you need one. I use QTminer or Claymore miner.

There are many videos on how to get setup I have made a video on my proof of progress and how I use qtminer to mine I will post it below this to show you how to get started.

Well i hope this will help you get started and to the future of ethereum.

If you need a wallet then I recommend Coinpayments as it supports 50+ coins. And works well easy to setup multiple wallets Free to join.

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Whattomine.com is a great Site that can assist you in choosing the right coin that suits your setup.

Join me on youtube

 

Subscribe to my blog for Future Updates

Enjoy

Michael

 

 

 

Cloud Mining IS Profitable

What is Cloud Mining Defined?

Cloud Mining is the process of bitcoin mining utilizing a remote data center with shared processing power. This type of mining allows users to mine bitcoins or alternative cryptocurrencies without having to manage their own hardware.

 

Cloud mining has made it easier for people to mine coins online and not have the stress of building rigs and having to worry about costs of electricity and other means. All you need to do is join a cloud mining group. and Buy power and it mines for you. Some groups charge maintenance but that is good sign that they are legit. If they are Free or make money quick then my experience they end up shutting down. So be careful and dont out all your eggs in one basket. Start of slow and Build it up.

Cloud Mining Sites I use with great Success:

HashFlare

Bitsrapid

 

Bitsrapid has in the past had some problems and they closed down but they have now been running well and they have ironed out all the issues and security has been stepped up. I am getting a good return from them. They normally return in 80 days. Average. Which I think is good.

Hashflare I have been using for nearly a year and there returns are much slower  but they have never let me down and you can mine multiple coins, so you can mine Sha256, Scrypt, Dash, Etheruem and Zcash. So you can choose what best suits your needs.

 

My Cloud Mining Business online Walk-through:

 

Have a great day if you interested in any other coins please leave comments i will investigate get back to you. Thanks