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While this can protect miners against long-term losses, it does increase the possibility of short-term losses. After registering you can currently sign up for Bitcoin mining contracts only, with the contract being open-ended lifetime. TechRadar pro IT insights for business. As of January , Hashflare has also temporarily suspended new Bitcoin withdrawals due to a large number of unconfirmed transactions. Therefore you need to take great care if you're attracted to mining for crytocurrency, because the days of low-hanging fruit are long gone, and it is now a serious, and very cut-throat, business. Please email your request to desire. The website is neatly laid out and also offers a fee estimator to allow you to calculate daily profits in exchange for the hashpower you purchase. Bitmain also operates one of the largest mining pools in existence: Antpool. Eobot's site did not play nicely with our ad-blocker on registration, forcing us to use another browser. Contracts are available for a wide range of cryptocurrencies. This specifically applies the shorter the period involved - for some mining providers, it can be 30 days, but for others it is 10 days. If you are interested in cryptocurrencies but don't feel happy with the idea of mining, you can also simply purchase Bitcoin as an investment see our guide on how to buy Bitcoins with Bitstamp. The company plans to resume withdrawals once this is resolved. At the time of writing, only Ethereum mining contract was available, all others were out of stock. However, once sign up was complete, we saw that the website notifies users when someone logs into their account from a new IP address. Smart on the security front, with the ability to calculate daily profits.{/INSERTKEYS}{/PARAGRAPH} This is made even more stark by the fact that mining providers routinely have a clause that will close down customer accounts if crytpcurrency values mean that account has not been in profit for a period. While Bitmain is based primarily in China, Hashnest has mining farms around the world, which benefit from low cost electricity. Combined with the photos of a handful of data centers on the Hashnest website, this is persuasive proof that the company is legitimate. Note that Hashing24 is mentioned on Bitfury's website, which may reassure customers that the operation is real. Bitcoin Pool is provided directly by Bitcoin. It's important to note that cloud mining is a high-risk speculative investment. However, extensive industrialization of the mining process, coupled with extreme volatility in the value of all cryptocurrencies, means that all but the most serious business attempts at mining at likely to profit at all. Hashnest was launched in by Bitmain, which is a world-renowned manufacturer of ASIC mining hardware. If these are sold out you can also try out Hashing24's auction feature which allows you to bid on hashpower from existing customers. Your total pay-out will depend on the mining pool you've chosen and how much hash power you've allocated to it. Image credit: Bitcoin Pool 1. Due to the owner's desire for anonymity and in order to stay within the law, direct deposit of funds by bank transfer isn't supported. At present HashNest specifically rents out hardware for mining, currently offering a selection of Antminers, as well as a StrongU miner. Note that the contract will end if the total revenue from the past 30 days is less than the total daily fee for the same period. Bitcoin contracts with the ability to simulate profits before you commit. Its owners have decided to remain anonymous, so there are no photos or office addresses on the main website. Another point of note is that while Bitcoin prices are currently subdued after its peak in , Bitcoin. {PARAGRAPH}{INSERTKEYS}A few years ago it offered a potentially cost-effective way of mining for Bitcoins and other currencies. Bitcoin Pool A well-established and highly popular cloud mining firm. If you're new to cloud mining, you can also use Hashing24's demo mode to simulate a Bitcoin mining contract to see how much you might earn. Please deactivate your ad blocker in order to see our subscription offer. This is a good way to help you understand some of the concepts behind cloud mining, but won't necessarily let you project future profits, as mining difficulty and BTC price will vary over time naturally. There's also a one-time fee for purchasing hashing power with a particular host. Unlike other cloud mining websites we've reviewed, Eobot also offers an easy to understand explanation of how maintenance fees work. And in the event of your account being closed, there are no refunds. Hashflare is a subsidiary of Hashcoins, another manufacturer of Bitcoin mining equipment which has been around since You're also free to choose your own mining pool. Eobot offers mining contracts either for 24 hours or ten years. Its main page is very clear that most investments will take around 52 months to break even. Eobot has been around since and is registered in California. Ethereum, ZCash and Dash contracts are not subject to any maintenance fees. The Hashing24 team claims to have been involved in Bitcoin mining since , although the website itself has only been around since The company appears to have no data centers of its own, rather, it has partnered with big name providers such as BitFury to lease hashpower to customers. Do note that if you daily payout is lower than the maintenance fee for a period of 10 continuous days, Hashnest will terminate your contract. Two-factor authentication is also enabled by default, meaning that in order to access your account, you need to provide a code sent by email as well as your password. Monitoring is also easy to do through mobile apps for Android and iOS, so you can keep track of your account usage and value as often as you want. Do note that in the HashNest agreement terms orders cannot be cancelled or refunded.