Bitcoin is the first open-source, decentralized and most popular Cryptocurrency. Bitcoin cloud mining uses the SHA256 algorithm and is mined with specialized ASIC-Hardware. Earned Bitcoin can be autotraded in the dashboard to Litecoin, Dash, Zcash and other Cryptocurrencies.
The specific duration of an Open-Ended contract is variable and determined by three factors: The mining difficulty, the Bitcoin vs USD exchange rates and the maintenance fee (This includes all electricity, cooling, development and servicing costs). We cannot control the first two factors which are unpredictable, but we do always deploy the latest mining technology, and do our best to keep it running at their maximum capability for you. You can find more in-depth information about the cost of bitcoin mining in our Customer Service Center.
A fixed maintenance fee is deducted from all Open-Ended contracts for as long as they are profitable. Current maintenance fee: USD 0.00028 per GH/s per day. Be aware that the fee is fixed in USD, but deducted from the daily payouts in BTC. Please refer to the contract for further details.
Thanks to some great partnerships we have established with hardware producers, as well as to our large scale purchases, we get better mining prices on our employed technology. This means we buy the hardware cheaper than the market price. What also bears great importance, considering the maintenance costs, is the storage of the miners: we have several farms around the globe, and each location was chosen to fulfill two important criteria: cheap electricity supply and little or no need for cooling.
There is much beauty in purchasing and setting up your own hardware, we know that. But it’s for those who are technically very skilled, can solve tricky complications, and generally see the fun in maintaining a complex construction rather than in earning profit with it. For most people these are annoying, unnecessary difficulties, and our solution is targeted exactly at them. To put it simple, our service is providing a better mining experience at a lower bitcoin mining cost.
There are many who tell us that they can mine cheaper by themselves according to their calculations. However, it always turned out that they forgot about one or more of the above listed costs. We did our calculations, and we think it’s impossible to mine more profitably on a smaller scale, at home and by yourself.
Sign up for the fastest bitcoin mining software on the market and start mining your favorite cryptocurrency today!