Refers to mining setups that rely on rented mining hardware.
Questions tagged [cloud-mining]
35 questions
11
votes
6 answers
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 market price.
It seems to me that they are losing…
nmat
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7
votes
3 answers
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 Genesis Mining for 1TH/s at $150.
My aim is to run…
Taimoor Ali
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6
votes
4 answers
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 mH/s of hashing power from this company for 99…
Coup de Grace
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6
votes
3 answers
What is "buying hash rate" and how could it be profitable?
I'm sorry if this question may sounds like a newbie question (well, it is).
Introduction
I'm 23 years old and I would like to generate money with my money to eventually invest in stock market after some time. I was really interested in day trading,…
Baloo
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5
votes
1 answer
What is a good way for someone to purchase Mining Bonds?
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 a mining rig, what is a good way for him to do this?
ripper234
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4
votes
1 answer
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?
user30187
4
votes
6 answers
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 make a profit! I do not know what to watch to…
Attila
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3
votes
1 answer
Cloud mining contracts
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$ if he can just run this machine for himself and…
m8labs
- 131
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3
votes
2 answers
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.
Kool
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1
vote
0 answers
How to run bitcoin core in the cloud with virtual server?
can you please explain to me, or link me to other understandable sources, how you can use bitcoin core with a cloud provider?
My intent is to not physically have an own server but to use a cloud server.
Lets say AWS as a provider.
Lets say I bought…
johnsmiththelird
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1
vote
1 answer
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 GHS per 1.0 cloud instance owned.
(Cloud Scrypt)…
muneeb_ahmed
- 115
- 4
1
vote
2 answers
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…
jstm
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1
vote
2 answers
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 for cloud mining). So it would come out as $13320…
Arun Satyarth
- 245
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1
vote
3 answers
Worth investing in to a cloud mining companies?
Worth investing in to companies like hashflare.io or genesis-mining.com?
Hashflare:
During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC.
1 TH/s gives 85-90000 satoshi - 50000 satoshi MEF = 35000…
Alexander Kim
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1
vote
1 answer
Are there any legitimate cloud mining services?
Are there any cloud-mining services that you can earn Bitcoin with and aren't Ponzi schemes?
Fabio Parrella
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