What is Mining King?

Mining King offers bitcoin mining without buying any equipment. Instead of it you are buying mining hashpower from our industrial mining equipment with its data centers located in Iceland and Georgia.

Mining King was created to allow professionals and newcomers similar access to the same quality resources as the industrial miners to allow effective mining. Our cooperation with the industry leaders and access to the newest and most advanced technologies in the industry, quickly made us one of the world‘s leading cloud mining services.

As a Mining King customer, you can enjoy many benefits, including:
Access to the world-class data centers and network boasting more than 200 PH/s
Confidence that you receive only newly mined bitcoins
Automatic deposit of mined bitcoins to your balance.

How does bitcoin mining work with Mining King?

It’s pretty quick and easy. As soon as we receive a payment for your order, your contract will be added to your profile. Your order consists of two parts:
one-time payment (not deposit) for allocation of ordered power (min order is 350 GH/s, and you can make several orders)
a daily maintenance fee for the equipment maintenance and its power supply
When you are paying one-time payment, you are receiving has power according to your contract terms and duration. You will also pay an everyday maintenance fee. This cost is paid in USD, and deducted automatically from the mined volume of BTC, using current exchange rate BTC/USD. Thus, everyday cost for the maintenance in BTC depends on the exchange rate BTC/USD. If you don’t have enough balance during three days to cover your daily maintenance fee, the mining contract and service will be canceled.

Is mining bitcoins profitable? If so, then why are you not mining yourself?

Earning per day in BTC depends on many factors, such as Block reward, Difficulty, Blocks mined etc and they can’t be predicted. Please note that our payout is based on overall network hashrate, and 100% uptime is guaranteed. We recommend all our clients to do their own research and their own earning calculation, however, we have some helpful tools for this. All the mined bitcoins will be automatically added to your balance.

What does 100% uptime guarantee mean?
If you were an individual miner there would be always a possibility that your mining hardware could crash, slow down or completely break. Using our platform you will never happen to face any issues like these.

Our mining farms are located in Georgia and Iceland.

What coins can I mine with each algorithm?

You can mine bitcoin and receive the mining interest payout in the chosen cryptocurrency.

What is my expected return on investment?

Bitcoin and altcoin mining depends highly on the prices and difficulties of the coins you mine, which cannot be predicted. It would not “look right” if we provide data on the bitcoin mining profitability and selling contracts at the same time. Therefore, we recommend all our clients to do their own research and do their own profitability calculation.
For example, you might want to have a look at coinwarz.com. Remember that some of our products have a daily maintenance fee which must be deducted from the daily earnings.

Please note that the website is an independent source of reference and not related to Mining King in any manner.

What does “100% uptime guarantee” mean?

It is always possible that mining hardware crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.

Which pools are you using for mining?

We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).

Our internal policy is: “be a good crypto citizen”. This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.

Isn’t buying the hardware cheaper?

On the first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that change the economics significantly:

  • Shipping costs: few merchants will cover this, but in most cases they will charge you extra.
  • Customs dues / VAT: if it is an international delivery you will likely have to pay customs dues and VAT; generally this has a huge impact on the total cost of your mining equipment.
  • Delivery time: when you pay for your device you have to wait until the miner is packaged and shipped; if it is held up in the customs this can take weeks. And during that time you cannot mine at all (“opportunity costs”). You have to wait and hope. And if the merchant has a stock shortage; it is you who has to wait. With Mining King you pay and get your hashpower immediately online. No delays!
  • Costs for additional equipment: when buying miners from larger retailers you often have to buy additional equipment like an extra PSU that matches the electricity specs for your country, control units and specific shelves to store them efficiently. This adds up significantly to the overall price for hashpower.
  • Setting the system up: when the device finally arrived you have to assemble and configure it. Beginners often underestimate the amount of work and technical knowledge that is needed to bring the device up and optimize its settings. People that used the first ASICs spend days and weeks on it. In monetary terms this costs you twice: (i) your time and (ii) lost mining opportunity.
  • Maintenance: hardware failures, outages and crashes could lead to downtimes between seconds and weeks. If your unit breaks you have to return it and start from scratch (by the way: check the guarantee time of your miner; it is often less than a year). With Mining King you have a guaranteed uptime of 100%: in case one of your units fails another unit will be switched over and start mining for you the very same second.
  • Electricity: having the machines at home not only brings heat and noise, but also an increase of your electricity bill; an important factor that many underestimate.

Please do not get us wrong: we do not want to discourage anyone from mining at home! We are often asked about prices and realized that many users do not know about all the hidden costs. If you compare the true costs, you will notice that our prices are very competitive. We want to provide you the best possible mining experience, so that you can focus on mining your favorite coins (and we take care of the rest).

How can I pay?

We currently accept the following payment methods:

  • cryptocurrencies: Bitcoin, Bitcoin cash, Etherium, Zcash