Questions tagged [cloud-mining]

Refers to mining setups that rely on rented mining hardware.

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1answer
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Cloud mining contracts [duplicate]

I don't get it. How it can be profitable even in theory? F.e. if someone has a machine that earns say 2$ per day, why would he want to lease this machine for 1$ for some stranger and give him this 2$ ...
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1answer
98 views

What does cloud instance owned means?

I am using this website for cloud mining cryptocurrency for free. I was reading about How the Cloud Mining/Hashing Works when I came to this point in which says (Cloud SHA-256) SHA-256 algorithm, 1.0 ...
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1answer
419 views

What is the pool in Nicehash?

I am new to Bitcoin and recently have invested in bitcoins. I came across Nicehash when I was planning to get into Bitcoin mining. I understand that Nicehash gives you an option to rent hash power for ...
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1answer
3k views

Can High CPU Droplets from Digital Ocean be used for Bitcoin Mining? [duplicate]

Can the High CPU Droplets from Digital Ocean be used for Bitcoin Mining? Can they compete with GPUs? Digital Ocean High CPU Droplets
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4answers
957 views

Hashflare: cannot go back to Not Reinvest

Does anybody know why I can't go back to "Not reinvest" with hashflare ? Thanks.
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1answer
669 views

How can I avoid the “Amount too low” message in my wallet for payout from Cloud mining service?

1) I have a Bitcoin-wallet called "Copay" on my IOS-device 2) I have joined the cloud mining-service "Genesis mining". For trying out the service I started with 50 $ from my credit card. 3) here is a ...
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1answer
75 views

Buying a hashrate makes any sense?

I want to start mining through one a cloud service and seems that hashflare.io is a good one. So when I go to the "Pricing" section of the website is say's that I can pay USD $1.20 per 10 GH/s. How ...
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2answers
5k views

Microsoft Azure VM selection for optimized mining

I've come across a decent amount of Microsoft Azure credit and want to use it to to mine cryptocurrency. I am writing to ask: which computer to run the VM on - Azure provides a number of machines (...
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2answers
680 views

Is my profit calculation for Genesis mining correct?

The Diamond plan for Litecoin mining promises 200 MH/s for $2400 for 2 years. From the profilatbility calculator, it comes out as $555 per month profit without electricity charges(which wont be there ...
0
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2answers
529 views

How can I calculate the profitability of this dash cloud mining contract?

I'm looking at a cloud mining contract by Genesis Mining at $500 for two years mining with 100 MH/s for Dash. The current network hashrate is 2550 MH/s. The mining reward is 3.6 dash per block, and ...
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3answers
17k views

Is a cloud mining subscription worth it?

I just started investing in Bitcoin and before I actually implement it, I want to verify my strategy / steps. 1) I made a wallet account on blockchain. 2) I want to purchase subscription from ...
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3answers
339 views

Worth investing in to a cloud mining companies?

Worth investing in to companies like hashflare.io or genesis-mining.com? Hashflare: During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC. 1 TH/s ...
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2answers
2k views

How can I mine Monero or other altcoins using Azure Cloud Services?

Is there any way by which I can mine Monero or other altcoins using Azure Cloud Services.
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1answer
333 views

I can't access my wallet at Bitknock cloud mining anymore [closed]

I was doing mining with Bitknock but they closed the website without informing us. I can't access my wallet. Here is my wallet address fnwg643zjnfwsqks What must I do now? Should I acknowledge ...
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2answers
6k views

Connecting Genesis Mining to a bitcoin wallet

I am a noob to bitcoin and want to know a few things-: I saw the Genesis Mining pricing here. Now my question is that if I use cloud mining can I transfer that amount to my Bitcoin wallet ? Like ...
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2answers
213 views

Can I pay someone else to operate a miner on my behalf?

Is there a company or individual out there that sells Bitcoin miners and holds them under their supervision for a fee? If so... I'd like to know.
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1answer
500 views

Are there any legitimate cloud mining services?

Are there any cloud-mining services that you can earn Bitcoin with and aren't Ponzi schemes?
4
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1answer
710 views

When is it a good time to invest in Cloud mining?

I bought bitcoins a while ago, an investment, but have now been reading up on cloud mining. Due to the cost of bitcoins rising, is now a good time to invest in cloud mining?
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6answers
12k views

How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
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3answers
567 views

Which is best for mining bitcoin?

I am wanting to buy a hardware for mining bitcoin and namecoin using Bitminter. But then Genesis Mining offer online cloud mining. I want to know if it's better to buy a hardware for mining bitcoin or ...
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4answers
1k views

How do cloud hashing companies profit? (leasing hashing power)

I think I'm missing something. There are a bunch of cloud hashing companies that lease hashing power. Let's take cointellect for example. They have contracts from 10 days to 24 months. If I buy a 10 ...
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1answer
4k views

How do mining contracts work?

How do mining contracts work? I see mining contracts but how does it work?. What happens when I buy one? . I've seen multiple mining contracts I don't know whether the prices are worth it because I ...
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4answers
4k views

Alternative Cloud Hashing sites to Cex.io [closed]

I am really impressed with Cex.io and their whole concept of trading Ghs for Bitcoin as well as cloud mining which I find to be novel and interesting. Are there any other sites like that? I know ...
0
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1answer
2k views

How can I calculate the bitcoin per day from mining in a pool?

So, I'm trying out http://cex.io, a cloud based hash market. They use the pool http://ghash.io which uses "PPLNS" for distribution of funds(?) Given that I can see how much total hashing power is in ...
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1answer
216 views

Is there some resourses where I can sell pc time for mining?

is there some resourses where I can sell pc time for mining. I'm not talking about project where people set "some software" on pc and recive 1$ per day, that was popular on time low cost mining of ...
1
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1answer
322 views

Is it correct to assume that the price of cloud GH/S will vary proportionally with the difficulty change?

For example, today on CEX.IO I can buy 1 GH/S for 0.08 BTC. From my understanding, a change in difficulty is imminent and will increase roughly by 20% (http://bitcoinwisdom.com/bitcoin/difficulty). ...
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1answer
2k views

4 Questions for mining bitcoin in cloud [duplicate]

I have four questions about the general mining bitcoin  in the cloud. I have a unlimited bandwith web hosting . Can i mining bitcoin with web host ? (my web host support : CGI, PHP, ASP.NET, SSI, ...
5
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1answer
1k views

What is a good way for someone to purchase Mining Bonds? [closed]

GLBSE is down, and so is PureMining, which used to give deterministic hash rate yields. What are the alternatives? If someone wants to invest in Bitcoin mining, but doesn't want to own & operate ...
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6answers
7k views

Why would someone rent hashing power?

I have seen some people on the bitcointalk forum looking for hashing power to rent (here is one example) and usually they pay more to rent the rig than they would earn by selling the mined coins at ...