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Meteoric Popularity of BTC Cloud Mining Services
Mining of virtual cryptocurrencies occupies one of the leading headlines in the crypto and blockchain media outlets. Of particular interest is Bitcoin cloud mining crypto services due to inconceivable admiration of the God-like first cryptocurrency. Taking into consideration the fact that solo BTC mining online for the greater part of the crypto addicts is not profitable due to super high hashrate and overpriced mining hardware (specialized ASIC rigs), the crypto audience is getting more and more excited with cloud crypto mining services rendered by mining platform sites. The key advantage of any cloud oriented cryptocurrency mining company is easy access to mega powerful hosted and rented cloud mining service.
In more detail, cryptocurrency mining in the cloud is a very progressive way to mint new virtual currencies using the rented hashing power produced by cloud miner data centers located in specially equipped and maintained premises. As a rule, a mining company (let us take Bitcoin for illustrative purposes) is involved in Bitcoin mining and sells the hashrate capacities to a specialized provider (cloud BTC miner site) for further distribution to third parties. In this scheme, the BTC mining cloud service provider is authorized to further sell and buy BTC hashrate capacities involving the pay per share mechanism for mining rewards. One of the most prominent places for cloud mining Bitcoins is rightfully Bitcoins mining website Hashing24.
What Is So Appealing About Hashing24 BTC Mining Services?
Let us take a brief glimpse at cloud mining Bitcoin website Hashing24 (H24). It is a European based company that provides BTC miner online cloud services to customers from over 170 countries. It is noteworthy that H24 has been in to BTC cloud based mining business since 2012 and it gained numerous positive user reviews ever since. Its major customer base influx was triggered after fruitful collaboration with the leading private owned BTC mining company Bitfury in 2014. Presently, H24 has multiple suppliers of BTC hashrate torrents and its volumes for sale are really fascinating, judging from the displayed mining site information. The Hashing24 platform offers the following tariff plans for cloud based BTC mining:
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One year;
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A year and a half;
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Two years;
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Three years (currently sold out).
The minimum contract volume a person can buy on the Hashing24 website is 1TH per second with the minimal price of under 40 US dollars. The maximum volume available for purchasing is 1000 TH/s and the available payment options encompass fiat currencies, Bitcoin, altcoins, region-specific payment gateways, e-banking and online bank transfers. The entire process of cloud mining is fully automatic and requires just a few steps to start mining BTC cloud based mining. First, it is a prerequisite to register an account with the site and prioritize account settings. Then the platform user is eligible to select, customize and buy the preferred BTC mining contract (one or several — it depends on investment appetite and available capital). The cloud based mining will be initiated immediately after the payment session completion.
Key Features by H24 That Are Worth Trying Out
Besides the popular services mentioned above, H24 has lots in store to boast of. Regardless of crypto mining and blockchain knowledge base, the Hashing24 website offers a great feature labeled Demo mining services. Demonstrative mining of virtual currencies presupposes risk-free demo mining with real mining market conditions. All registered platform users can effortlessly submit a limitless number of Demo mining contracts and virtually mine Bitcoins within a 28 day timeframe for each contract. The user will get weekly notifications regarding his or her mining earnings with demonstrative mining and how much they could earn with cloud based BTC mining. In fact, it is a perfect bridge to test the cloud based mining in demo mode prior to purchasing a real one. This way, the user can anticipate expected earnings and evaluate all the risks pertinent to cryptocurrencies as a volatile asset class.
Next big thing is the Trading Room, where all H24 platform users can take a deep dive into trading real BTC mining contracts as trading orders. The lowest trading volume is valued at merely one Satoshi and traders can test and hone their trading skills and strategies to the fullest. The trading fee for order execution is five per cent and the auto-matching algorithm helps to ease up trading to the maximum. The user dashboard contains detailed and informative market depth graphs, statistics, tables and data sheets. With an aim of adding more liquidity to the Trading Room space, traders can freely unite and dissect BTC mining contracts the way they deem it reasonable. The order execution is instant and coupled with multilingual website localization, the functionality is a perfect choice for those who want to speculate on the coin price volatility.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.