Legitimate Cloud Mining

Cloud mining is a very shady beast. Unfortunately far too often people cut and run with investors/customers money and that's it, no recourse, nothing to do. This article will cover legitimate cloud mining, companies that I've personally done business with and a summary of their service. I won't be going into price comparison because in my opinion, you need to look through all the candidates before making any kind of purchase. You need to have the final decision on which company you trust the most.

Hashnest

Hashnest is my up-most trusted site. If you know bitcoin mining, you've heard of BITMAIN, a fantastically honest company that really strives to make great mining hardware. If you don't want to buy hardware and run it locally, you can purchase shares of their co-location units and start mining right away. Transactions are done on a P2P basis generally so the price of hashing power can vary a fair amount.

If you haven't already made an account, go head over, make an account to at least check it out, I think it will be worth your time.

Genisis Mining

These guys have been around for awhile, definitely worth checking out their information and pricing, all pricing is in a "lifetime contract". As with any contract please read through the specifics and make sure you truly agree to everything stated. If something seems off, don't do business with them, it's as simple as that. All purchasing is straight from the company,there is no marketplace like Hashnest in this one.

Bitcoin Cloud Mining Services

Unlike Genisis, this service allows you to buy custom amounts of hashrate. This has been around for quite a while as well, but just give their Company page a quick read, they have pictures of actual mining operations, and seem like a trustworthy bunch. As always read the fine print on user/customer agreements when making a purchase of any magnitude.

Comments

StorjShare - Get paid for your unused storage

What is it? StorjShare is decentralized cloud storage. Think of Dropbox, they are a company that provides cloud storage where the data is stored on their hardware (inside of data centers in server rooms). StorjShare differs from their service a fair bit. Instead of having a server room, or data center where all the data is stored locally, StojShare stores data to any storage device that is connected to it's network. This kind of distribution of storage is also very optimal for transfer speed because you could be saving your data on a computer in your neighborhood which is certainly much faster than relying on a server possibly on the other side of the country, or possibly further. Now you might be thinking "Well, i don't want my neighbors to have my photos of family.", worry not, one of the most interesting concepts in this protocol is the encryption of your stored files. When you save a file to the network, the file is actually saved in "shards"

BTC-Flow

Today I'll be giving a bit of a look into BTC-Flow . It's a game based bitcoin faucet that has me pretty into it. No more of the jumping from site to site clicking your way through pop ups and other fun activities. The concept of the game is that you run a company. At first, your company mines bitcoin and has a earning rate of 0.0000015 BTC/Min and your max capacity is 0.000012 BTC. Your part in running this company is getting the bitcoin from your company either before or after your max capacity is hit. You then need to click once your bitcoin capacity is reached to put that balance into your main bank. From here you basically repeat this as much as you'd like. If you really enjoy this, you can "level" your business with bitcoin to increase capacity and earning/min at any point. If you like faucets, you need to check this out . BTC-Flow.com

GAWMiners Releases Information About Project HashCoin

GAW released some information and their White Paper for their coin code named " HashCoin ". They're developing a new platform that encompass Zencloud and Hashtalk called "HashBase", and with this large development process, this coin is just another brain child that GAW is pursuing. The basis of the coin is to become in my opinion a less volatile bitcoin, that is widely accepted by merchants. Now, obviously, to do this they are going to need serious merchant adoption and for merchants to adopt, I think they're going to need to see that it's not volatile first hand. I see issues with it, but they are a good and very well off company, so I'm sure they've thought through the problems with their strategy. If you're interested in the specifics, please check both GAW's site and a release of the information from and Cryptocoin News . This coin seems like it's going the route of more institutionalized currency, like USD or CAD (

My Bitcoin Mining Experience

Search This Blog