Passive Income With Cloud Mining: Free Tutorial 2023
Most individuals return their investment amount within 3-10 days on HappyMiner.
In this HappyMiner review, You will read about cloud mining services a well-known US hash provider provides. Let’s find out if HappyMiner is legitimate or a scam, what services they now supply to investors, and how realistically profitable their contracts are.
What is HappyMiner?
HappyMiner is a licensed cloud mining company founded in 2018 in the United States. Like any certified hash provider, HappyMiner owns industrial facilities with a big tech park of professional Bitcoin mining rigs. Data centers are located in Iceland, Norway, and Canada. 2,800K+ individuals from all around the globe currently earn cryptocurrency on HappyMiner.
Features for Investors
- Sign up to get $10 immediately.
- Automated daily payouts.
- The free package can be purchased daily.
- An affiliate program with 4.5% lifetime rewards.
- Different Crypto contracts to choose from.
- No overhead or electricity fees.
- 24-hour online support.
- DDos and SSL protect the system.
Advantages
Next, in our HappyMiner review, let’s see the main benefits of the company and its services. What is pretty apparent, unlike HappyMiner, scam cloud mining websites won’t bring you all those opportunities for your passive income.
- When you sign up, you get $10 immediately. You can use it to buy the Primary Mining package daily, and you will get $0.80 daily.
- The minimal deposit amount is $100 only. Create your cryptocurrency business without huge investments.
- Quick and straightforward start process. Sign up and start mining Bitcoin in a few minutes.
- Instant daily payouts. Get a profit from cloud hash contracts daily on HappyMiner (review available withdrawal methods on their website).
- No commitments. Exit cloud mining business at any moment on HappyMiner (scam websites can impose particular obligations on users simultaneously).
- High profitability. Depending on the chosen Crypto package, the daily yield rate starts at 8%.
Is HappyMiner Scam or Trustworthy?
| HappyMiner | Scam Websites |
| Works under the license of the United States | Do not have any licenses |
| A certified cloud mining company | Do not have certificates (or have fake ones) |
| Your personal and financial information is protected by SSL on HappyMiner | Scam websites do not guard but rather steal your information |
| Provides guaranteed 24-hour payouts | Regular payouts are not guaranteed |
| To ensure the security of the cloud mining process, users must use real emails to register. | Scam platforms do not care if you use a real or fake email. |
As we can see, the question is whether the HappyMiner scam or legit cloud mining platform makes no sense. With trusted companies, your funds are always safe. And unlike HappyMiner, scam websites are the real danger for you and your money.
Is It Profitable?
Interested in the profitability of cloud mining on HappyMiner? Review the numbers below.
| Contract Price | Contract Terms | Fixed Return | Daily Rate |
| $10 | 1 Day | $10+$0.8 | 8% |
| $100 | 3 Days | $100+$4.5 | 1.5% |
| $500 | 7 Days | $500+$63 | 1.8% |
| $1,200 | 15 Days | $1,200+$345 | 1.92% |
| $3,000 | 30 Days | $3,000+$1,890 | 2.1% |
| $6,400 | 60 Days | $6,400+$8,880 | 2.31% |
FAQ
Payouts will be made daily. You don’t need any special hardware or software to keep your computer on to do mining; we will do the cloud mining on your behalf.
You have to be at least 18 years old before you’re allowed to become a member. In addition to this, you must agree to our Terms of Service. Anybody from anywhere in the world can join. Even if you live in the desert, you can join with an internet connection.
Every HappyMiner customer has a unique referral link, which can be shared with anyone, you would like to invite to start using HappyMiner. Any new user who registers using your referral link becomes a lifetime referral.
If you have any questions or concerns, please get in touch with our official email or our 24-hour online customer service; we will gladly assist you.
Conclusion
With a leased-hash model, you can rent hash power from a company that runs powerful mining equipment and associated facilities. Bitcoin mining in the cloud looks like the future of digital money and is promising. You have regular passive income in cryptocurrency with trusted certified hash providers like HappyMiner. Profit depends on the investment amount and selected contract. We truly hope you will use our detailed HappyMiner review to select a profitable Bitcoin miner to rent.
To learn more about HappyMiner and purchase cloud mining packages, visit its website at https://happyminer.us/
Twitter: https://twitter.com/happyminerUS
Youtube: https://www.youtube.com/@happyminerUS
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
TeraWulf Launches America’s First 100% Nuclear-Powered Bitcoin Mining Facility In Pennsylvania
The chief obstacle for bitcoin mining has shifted from solely procuring top-of-the-line mining equipment due to the closure of Chinese miners amidst regulatory restrictions, leading to a surplus of available equipment. Instead, the current dilemma is centered around resolving apprehensions related to environmental, social, and governance (ESG) issues concerning energy consumption and its impact on climate change. To solve the problems of energy consumption and climate change, Bitcoin miner, TeraWulf, recently launched its fully nuclear-powered Bitcoin mining facility in Pennsylvania.
According to a recent press release, TeraWulf Inc., the owner, and operator of domestically-based bitcoin mining facilities that are vertically integrated and powered by over 91% zero-carbon energy, disclosed today that it has activated approximately half of its 50-MW share in the Nautilus Cryptomine facility. This particular facility is a joint venture in collaboration with Cumulus Coin, LLC.
In various parts of the United States, nuclear power capacity is expanding, and many bitcoin mining companies are shifting towards this carbon-free energy source, which is expected to address environmental concerns. Today, TeraWulf has taken this step forward as it becomes the first to launch a fully nuclear power-backed Bitcoin mining facility in the US.
The Nautilus facility is a ground-breaking bitcoin mining establishment that sources its power directly from the Susquehanna nuclear generation station in Pennsylvania, providing dependable, carbon-free, and continuous baseload power.
In addition, it is the first Bitcoin mining facility to operate behind the meter. The Company has successfully deployed almost 8,000 miners, equating to a hash rate capacity of about 1.0 EH/s.
Bitcoin Mining’s Future Lies In Going Nuclear
Previously, TeraWulf disclosed that it has entered into a partnership with Talen Energy and is in the process of establishing operations at a data center in Susquehanna, Pennsylvania, which is powered by nuclear energy.
Paul Prager, Chairman and CEO of TeraWulf, said,
“With the recent energization of the Nautilus facility earlier this month, approximately 16,000 of TeraWulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are onsite and being brought online daily. The Nautilus nuclear-powered mining facility benefits from what is arguably the lowest cost power in the sector, just $0.02/kWh for a term of five years. We look forward to continuing to work alongside Cumulus Coin as the Nautilus facility increases operational hash rate in the coming weeks.”
Apart from accelerating its 50-MW stake at the Nautilus facility, TeraWulf is also expanding its bitcoin mining operations at the wholly owned Lake Mariner facility in New York. The addition of Building 2 will augment the facility’s operational capacity from 60 MW to 110 MW.
As a result, by the beginning of Q2 2023, the company anticipates having a total operating ability of 50,000 miners (5.5 EH/s), which will require around 160 MW of power demand.
Court Greenlights Blockfi’s Plan To Repay Creditors With Crypto Mining Sale
BlockFi, a cryptocurrency exchange, filed for Chapter 11 bankruptcy on November 28. BlockFi was a victim of the contagion brought on by FTX’s collapse. The bankruptcy of the crypto hedge fund Three Arrows Capital in June coincided with a liquidity issue at the New Jersey-based exchange, which marked the beginning of problems. During the June crisis, former FTX CEO Sam Bankman-Fried offered BlockFi a life raft, but it swiftly deflated as the FTX enterprise collapsed.
Here is the latest update on the Blockfi fiasco.
Blocki wins approval to auction assets
BlockFi has won approval from a New Jersey bankruptcy court to begin auctioning off its bitcoin mining assets. It has suitors looking to purchase all or a portion of the business. In a filing earlier this month, the company stated that it had contacted 106 prospective buyers about purchasing all or a portion of the business. BlockFi’s petition states that it hopes to receive buyer offers by February 20 and end the auction a week later. The company will next submit the motion of sale to the court by March 1 for any agreement it comes to.
The court agreed that the sale of the assets is intended to maximise the recovery and “realizable value” of the corporation. With the court’s approval, more bids for BlockFi’s crypto mining assets are expected to come in.
According to the document, “all qualified bids” were to be sent by the deadline of February 20 to the parties listed in the bidding procedures. The qualifying bidders must submit their bids to the court by March 2 and the representatives of the creditor have until March 16 to oppose the sale of the assets to them.
Why is the bid so important for Blockfi?
BlockFi’s tight deadline is an attempt to get offers as soon as possible in order to capitalize on current market conditions, which have seen most cryptocurrencies rise following months of sideways price action.
According to the newspaper, BlockFi’s lawyer, Francis Petrie, told the court that the business has already received offers for various assets and expects more to come.
On January 24, it was revealed that as part of the bankruptcy procedures, BlockFi has been selling off $160 million in loans backed by over 68,000 Bitcoin mining rigs. Given the state of the cryptocurrency market, some loans were already in default when BlockFi began the process of selling them off last year.
It seems like Blockfi believes that auctioning off as soon as possible would help improve their situation. The situation around the fiasco is likely to improve.
Bitcoin Mining Industry Not Optimistic on a Bull Market Coming Soon
Fantastic news! Hashrate Index, a professional mining data company, has made the forecast that the present bear market for bitcoin will terminate in the year 2023. On the other hand, Bitcoin mining industry professionals don’t seem to have a very bullish outlook on the future of the market.
What Hashrate Index’s Predictions Are
According to the findings of the Hashrate Index, it is still much too early for a new comprehensive bull market to emerge. The increase of Bitcoin’s hash rate will also slow down, according to the research, and ASICs, which are application-specific integrated circuits, will become relatively affordable.
The United States was recently hit by a harsh winter storm, and as a result, a great number of miners were forced to turn off their equipment. As a direct result of this, the hash rate for Bitcoin dropped by 35% in only one day. According to the statistics provided by BTC.com, the hashrate has returned to its previous level of 268.84 EH/s after a significant recovery.
Bitcoin’s 80% price decline from its peak to its low is comparable to the 85% and 84% drawdowns seen in 2015 and 2018, respectively. According to Hashrate Index, this bear market may be ending soon based on previous trends.
According to the second forecast on the company’s blog, the pace of increase of the hash rate—a metric of the processing power being used to mine Bitcoin—is likely to decrease starting in 2023.
This is a result of the mining industry being plagued by bad economic circumstances in 2022, which did not provide any incentives for expanding capacity. The boost in a hash rate that is anticipated in 2023, however, will mostly be the result of capacity expansion that was supposed to happen in 2022 but was postponed.
The third forecast is that some publicly traded Bitcoin mining businesses with market caps below $50 million may decide to go private as a result of the extended bear market. As a consequence of the prolonged bear market, the fourth prediction is that some publicly listed Bitcoin mining companies with a market capitalization of less than $50 million may opt to go private.
In any case, Hashrate Index believes that this year will be the year when the bear market finally comes to an end. Let’s see whether their prediction comes to fruition.
Core Scientific Files For Bankruptcy Protection, Plans To Continue BTC Mining
This year has been difficult for Core Scientific, one of the major Bitcoin mining companies in the world, as a result of the precipitous decline in the price of Bitcoin as well as the rising cost of electricity.
Following the favorable response to a financing proposal from a current creditor that was made on December 14, the business’s stock has skyrocketed about 200% in the previous four days, in the hopes that the company would be able to avoid filing for bankruptcy.
However, there was no way to prevent it from happening. As of the 21st of December, Core Scientific has submitted its bankruptcy petition under Chapter 11.
Just a week ago, the financial services platform B. Riley made an offer to the miner to provide financing in the amount of $72 million in order to prevent bankruptcy and maintain value for Core Scientific’s stakeholders.
In the offer, B. Riley said that it is willing to finance the first $40 million immediately, with no conditions attached, and that it has no qualms about funding the whole amount.
The financial platform said that the remaining $32 million would be contingent on the BTC miner halting all payments to equipment lenders while Bitcoin prices remained below $18,500. This condition would be met if the miner kept the price of Bitcoin at or below $18,500.
The most recent time that the price of Bitcoin reached higher than $18,500 was on November 9, when it saw a drop of more than 14% in a single day. The price of the king cryptocurrency is around $16,800 at the moment.
Core Will Continue to Operate Normally
Despite the fact that it has filed for bankruptcy, Core has said that it would keep mining Bitcoin while negotiating a settlement with senior security noteholders. These noteholders control the vast majority of the company’s debt.
After peaking at over $69,000 in November 2021, Core Scientific has seen the token’s value plummet to its current level of roughly $16,800. As a result of this depreciation in value, as well as increasing competition from other miners and higher energy costs, its profit margins have shrunk.
By Tuesday’s close of trade, Core’s market value had dropped to $78 million from a high of $4.3 billion in July 2021, when the business went public via a special purpose acquisition vehicle. Over the last year, the stock price has dropped by more than 98%.
Closing Thoughts
Core, which has been struck hard by the market slump, submitted a report on October 26 stating that it may fail on some of its commitments due to the low BTC price, high power prices, and the unwillingness of insolvent crypto lender Celsius to return a $2.1 million loan.
Given that Core will keep mining and functioning regularly, I don’t think this will have a major effect on the cryptocurrency market. But it will still be a painful blow.
This has been the case for a number of failing mining firms and those in the mining industry this year. Plus defunct cryptosystems like FTX, Three Arrows, and Celsius. Core Scientific is, after all, the first publicly-listed Bitcoin miner to file for bankruptcy.
Bitcoin Futures Market Is On The Verge Of A Bullish Signal While Mining Revenue Hits The Lowest!
It is reported that the Bitcoin futures market has reached its historical market bottom while the two-year low mining revenue becomes a barrier for a BTC bull run.
The last few weeks have become a nightmare for the entire crypto space due to FTX’s collapse that dragged down the global market cap from the $1 trillion mark.
The impact of FTX’s demise is not only limited to the crypto market and investors, as it has affected the trading and mining industry hard.
It is reported that the Bitcoin futures market has entered the historically bottom zone while the BTC mining revenue dropped to its two-year low with a declining hash rate.
BTC Futures Market Slips To Backwardation
Since the crypto winter accelerated by FTX’s bankruptcy filing, traders have faced ample difficulties in following the flow of the BTC market.
An analytics firm, IntoTheBlock, revealed that the Bitcoin futures market had entered such a bottom zone that was previously marked as a final capitulation region before a bull market.
IntoTheBlock further states that the BTC futures market is currently experiencing a sharp backwardation, which signifies a lower value of the BTC futures contract than the spot value.
The high selling pressure from long-term holders and whale investors of Bitcoin has created a backwardation zone in the last two weeks.
However, it is believed that excessive negative funding rates may lead to a short squeeze for BTC price as short-sellers will be forced to exit their positions if BTC makes a slight upward reversal.
The firm noted, “Times where futures contracts are in backwardation tend to align with market bottoms, as happened in March 2020 and May 2021. A similar trend can be observed with highly negative funding rates. Is Bitcoin bottoming?”
Bitcoin Mining Revenue Reaches The Lowest Since 2020
This year has not been fruitful enough for BTC miners as the crypto failed to fulfil their expectations and mining revenue. Due to several macro conditions and drastic bearish events in the crypto space, the revenue of Bitcoin miners has touched a low since 2 November 2020.
Additionally, the mining difficulty has also peaked within the Bitcoin network; however, miners were able to recover some portion of their losses as the hash rate moved on a declining road.
The BTC mining revenue, including transaction fees and block rewards, has dropped to a low of $11.67 million today, which was previously recorded on 2 November 2020 when the BTC price was roaming around $13,500.
However, the current range-bound area of $16,500 for Bitcoin suggests a better-than-expected mining revenue; major factors like increasing demand in computational power, inflation and mining difficulty have lowered the mining revenue this year.
Digging further, the mining difficulty of BTC has jumped to an all-time whooping high of 37 trillion, forcing miners to increase computational power to meet expected mining revenue. Thus, it compels traditional Bitcoin miners to give up their mining rigs to wound their losses.
However, the BTC hash rate has dropped rapidly over the last three months, and now it stands near 225.9 exahash per second (EH/s), with a fall of 28.6% from its all-time high of 316,7 EH/s.
The Bitcoin mining industry has been shaken by FTX’s effects as the miners and traders have been severely compressed due to the turmoil. As the hash price experiences new lows every month, it has become a challenging situation for BTC miners’ survival.
However, the crypto market has received bullish reactions from its community as investors continue to make a stable support zone by investing in the dip and attempting to pull the market from its ongoing downtrend.
10 Best Cloud Mining Platforms in 2022
Cloud mining of Bitcoin, Etherium, Dogecoin and other cryptocurrency is one of the most profitable sources of passive income. Based on the recommendations of our analysts, let’s select the cloud mining platform that is both dependable and profitable. Currently, the following services are on our shortlist:
1. Bytebus ⭐️⭐️⭐️⭐️⭐️ (9.8 points)
2. ECOS ⭐️⭐️⭐️⭐️ (9.2 points)
3. Genesis Mining ⭐️⭐️⭐️⭐️ (8.9 points)
4. Nicehash ⭐️⭐️⭐️⭐️ (8.8 points)
5. IQ Mining ⭐️⭐️⭐️⭐️ (8.8 points)
6. Bitdeer ⭐️⭐️⭐️ (8.5 points)
7. Hashgains ⭐️⭐️ (8.4 points)
8. ScryptCube ⭐️⭐️ (8.2 points)
9. Hashnest ⭐️⭐️ (8.2 points)
10. BeMine ⭐️⭐️ (8.0 points)
Pros and cons of cloud mining
This type of Investment has many advantages:
- No stress due to expensive electricity, burnt-out video cards, or ASIC cooling
- No noise and temperature rise from operating equipment
- You can end cooperation with a mining provider at any time (if the price of the cryptocurrency falls)
- Possibility to pay in both fiat and cryptocurrency
Of course, there are drawbacks as well. You may run into con artists who want to buy equipment, just like in any specialized field. You must use the services of reputable mining suppliers if you don’t want to become one of their victims.
1. Bytebus
⭐️⭐️⭐️⭐️⭐️ (9.8 points)
Bytebus.com is among the top cloud mining websites of 2022.
Bytebus was created in 2018 and is one of the first firms to provide cloud mining services. Since its inception, the company has earned the confidence of more than 360,000 customers all around the world. Start cloud mining as soon as possible by registering for a Bytebus account.
Features:
- Register and receive $10.
- An additional 3% for invitations
- Daily rapid payouts
- 24/7 online customer service support.
- DDoS and SSL are used as system defenses.
- Make money without making any investments.
- Daily plans are offered for free and for sale.
- There are no overhead and electricity costs.
- Mine more than 10 coins using the platform.
Fees/Pricing/cost:
- $10 – 1 day – $10+$1.
- $100 – 3 days – $100+$6.
- $480 – 10 days – $480+$102.
- $6000 – 50 days – $6000+$7400.
- Between 2% and 10% are the daily returns.
Minimum Investment: $10
For more details, please visit https://bytebus.com/
2. ECOS
⭐️⭐️⭐️⭐️ (9.2 points)
ECOS has more than 100000 users from all over the world. In addition, the Free Economic Zone of Armenia was founded in 2017.
You may select the best option by calculating mining returns with an accessible calculator. For ECOS, there are web and mobile apps available.
In addition to hosting mining equipment and providing mining contracts, the business also includes cryptocurrency indices for Investment. There are others, such as the NFT Index, Elon Musk Index, Top 10 Index, Defi Protocols Index, and Metaverse Index. A multi-currency cryptocurrency wallet for holding and trading 247 cryptocurrencies is also available in the smartphone app.
Features:
- regular payments
- Customized contract purchasing allows you to alter the length, size of the hash rate, and profit of your contract using a straightforward slider on the website.
- Manage your mining contracts and other crypto assets using Android and iOS apps.
- The wallet’s extremely low minimum withdrawal is 0.000001 BTC.
- One hundred eighty days warranty of their equipment for the equipment and hosting service. Gadgets can be mine for five years.
- Free trial mining contract for one month to test the platform.
Minimum Investment: $100
3. Genesis Mining
⭐️⭐️⭐️⭐️ (8.9 points)
From Hong Kong, The first mine in Eastern Europe was developed by Genesis Mining. Presently, it serves clients from more than 200,000 diverse nations. They provide a wide range of cryptocurrency mining choices for different types of miners, such as newbies, family miners, and big investors.
Features:
- Payments of daily mining profits to your wallet address
- excellent customer service
- It is possible to mine several cryptocurrencies simultaneously.
- Visa, Mastercard, and cryptocurrencies are all accepted as payment methods.
- No monthly maintenance fees
Fees/pricing/cost:
- $29 per mH/s
- Minimum based on the cost of the contract bundle
- between $499 and $4,498.5
Minimum Investment: $500
4. NiceHash
⭐️⭐️⭐️⭐️ (8.8 points)
NiceHash is a mining hosting and computing marketplace. Through it, you may link your miners, deposit coins, and buy mining packs to mine other cryptocurrencies or sell hash rates to peer-to-peer clients. Install the NiceHash application on your computer, select a GPU, and then use the GPU’s hash rate to sell the hash rate.
Features:
- Mining Ethereum, Dogecoin, Litecoin, and other coins.
- Withdrawals of Fiat
- In-app cryptocurrency trading platform
- Remote mining management and supervision
- Peer-to-peer trading with a hash rate
Fees/pricing/cost:
- 0.2258 BTC for one mH/s per day
- 0.00001 BTC for the new order charge
- 3% for purchasing hash power
- 2% for reselling hash power
Minimum Investment: 0.034 BTC
5. IQ Mining
⭐️⭐️⭐️⭐️ (8.8 points)
IQ Mining is managed by a team of experienced blockchain and IT specialists with cryptocurrencies. The company operates data centers in Algeria, Georgia, Canada, Iceland, and China. It combines cryptocurrency trading and options margin.
Features:
- Specialized mining agreements to generate extra income
- Consumer assistance
- Pledge your contract in exchange for trading funds up to the full contract cost.
- promised mining contracts without funding
- Information based on the mining of Bitcoin
Fees/pricing/cost:
- Roughly $0.675 for every 0.1 mH/s
- The maintenance fee for bronze, silver, and gold is $0.00013 per 0.1mH/s daily.
- There are unique packages with additional features available.
Minimum Investment: $108
6. Bitdeer
⭐️⭐️⭐️ (8.5 points)
There is now a well-known cryptocurrency platform called Bitdeer that includes cloud hash mining contracts, a multi-brand market for hash rates, and cloud hosting services. Cloud contracts are now being made available to customers from more than 200 countries by Bitdeer, a well-known global supplier of digital assets. The company’s main goal is to establish strategic partnerships with the biggest global mining pools and equipment manufacturers. In addition to other countries, the service provider operates data centers in the US and Norway. With its excellent mining facilities, Bitdeer promises its customers a 100% uptime rate.
Features:
- A calculator for profitability and income
- A marketplace for hash rates with a range of third-party sources
- Direct payments received from the top mining pools
- Charts of cryptocurrencies in real-time
- Bonuses and promotions
For the time being, Bitdeer offers trustworthy self-run cloud mining programs to novice and experienced cryptocurrency investors. The duration of each sort of contract is 180 days. The selected plan option significantly impacts the hash rate and profitability. On Bitdeer, starting BTC, cloud mining costs $542 per 50 TH/s as a minimum investment. You can study all the details on relevant pages of the Bitdeer website or by contacting their customer care.
Although the supplier offers no promises regarding future income, all investors can use the estimated revenue calculator on the website. The cloud hash mining platform currently accepts payments made in fiat money and cryptocurrencies. You can purchase a mining contract using a USD telegraphic money transfer and your Bitcoin or equivalent cryptocurrency wallet. After the miner the user purchased is operational, they can check the real-time hash rate and payment information for their account. Bitdeer also guarantees daily rewards.
Minimum Investment: $542
7. Hashgains
⭐️⭐️⭐️ (8.4 points)
The company powers its mining data centers with renewable energy. Both China and India possess mines. Mining will begin 24 to 72 hours after the payment verification. The reward will be sent to your wallet once you fulfill the minimal mining conditions. However, the process is not automated at this time.
Features:
- Mining Litecoin, Dogecoin, Ethereum, and other cryptocurrencies.
- Low costs for maintenance and support
- Visa, Mastercard, and cryptocurrencies are all accepted as payment methods.
- The dashboard keeps an eye on hash rates and revenue.
- Along with client service, assist with technical issues.
Fees/cost/pricing:
- mH/s at $29
- Topaz plan pricing begins at $125.
- Ruby plan (25 mH/s): $625
- 2,500 dollars for 100 mH/s
Minimum Investment: $125
8. ScryptCube
⭐️⭐️ (8.2 points)
ScryptCube mines Bitcoin on behalf of people that want to spend less money on equipment, manage their equipment locally or keep doing the setups using the f2pool mining pool. Over time, analysis of ScryptCube’s wallet addresses reveals that the business truly accepts payments from f2pool and pays its users.
Analysis of the addresses on the images that various users uploaded on the firm’s Telegram channel reveals that the individuals have received money from the company every month since 2020. In addition, users may mine Ethereum on the Bitcoin cloud mining platform, and it soon plans to offer Beam mining.
Features:
- There is also an online mining calculator available to determine the profitability and potential income from the hash rate bundle you want to buy
- No recurring charges. Purchases of packages can be made with MasterCard, Visa, and BTC.
- Daily accruals imply that your account will be credited with daily mining profits. On the account, you can view them instantly.
- Withdrawals are made immediately after starting mining.
- Payments for referrals: 3% of each successful purchase made by your recommendations.
- Obtain current mining activity statistics.
Fees/pricing/cost:
- Plans for mining bitcoins start at $4.9 per 100 GH/s for one year.
- For a two-year contract, it costs $7.5 per 100 GH/s.
Minimum Investment: $1.9
9. Hashnest
⭐️⭐️ (8.2 points)
Bitmain Technologies, established in 2013 in China by Wu Jihan and other investors, owns the cloud mining business and website. In 2014, the company bought the cloud mining platform Snowball.io. As you may already know, Bitmain is a market leader in creating Bitcoin mining hardware.
You may mine the cryptocurrencies Dash, Litecoin, Zcash, and Bitcoin through the company. The website claims that they have over 400,000 users worldwide.
All miners are directed to Antpool by Hashnest, a subsidiary of Bitmain Corporation.
Features:
- Investing in mining on these Bitcoin cloud mining
- services can be managed using a smartphone app.
- Possibility of trading cloud mining contracts for bitcoin on a public market with other users. From the user’s account panel this is simple to accomplish.
- Deposits of daily earnings are made to user accounts.
- Only Bitcoin is accepted as payment.
- Redeem hash rate for mining hardware.
Pricing: Not available
Minimum Investment: Not available
10. BeMine
⭐️⭐️ (8.0 points)
The business supports purchasing and selling digital currency and mining hash rates. Customers can also get advice on investing in and using cryptocurrency. Additionally, they can provide consultation on e-commerce and ICO initiatives, business registration, and other services.
While you wait for revenues that may be withdrawn from your selected wallet, you can also ask the firm to set up your mining equipment remotely.
Features:
- You can test the service through 3 days of gifted Antminer S19 mining if in doubt.
- Unlike other cloud mining companies, it offers 7% on referral purchases.
- Cryptocurrency cloud mining has an inbuilt cryptocurrency exchange.
- Four data centers with a total capacity of 70 mW/h.
- The cost of electricity is $0.054 kW/h, and payment is made automatically from your account.
- Depositing via VISA and MasterCard, PM USD, Bitcoin, and altcoins.
Fees/cost/pricing:
$61 one-time payment. Depositing and withdrawing fee is commission based on the amount of crypto Up to 0.05 BTC — 3%; from 0.01 to 0.05 — 5%; and under 0.01 — 7%.
Minimum Investment: $61
Bitcoin Mining Might Shut Down Globally If Bitcoin Price Drops Below This Level – Says F. Holmes, CEO at Global Investors
Despite significant advancements in energy efficiency and sustainability, Bitcoin’s energy consumption has increased by 41% year over year (YoY). However, there are worries the increase may prompt regulators to crack down on crypto mining.
As a reward for validating transactions and protecting the network, crypto mining is one of the primary ways that people can acquire cryptocurrencies like Bitcoin (BTC). However, mining the first digital asset can become less lucrative if its price falls sharply.
The break-even point at which Bitcoin mining operations become unprofitable, according to Frank Holmes, CEO of investment firm U.S. Global Investors, is $12,000; he made this claim in an interview with financial media source Benzinga webcast on October 19.
Early this year, Holmes expressed his opinion that Bitcoin could surpass gold due to the involvement of millennials, therefore undermining the precious metal’s role as a store of value.
When “it’s basically inferred that you’re going to have like $12k,” as it is today, “everyone starts shutting down,” meaning that the typical individual stops using their mining rigs, “globally, right now it’s basically implied that you’ll have to have like $12k.”
At the same time, the price of the flagship digital asset was $19,139 at the time of publication, down 0.45% in the previous 24 hours but up 0.65% week-over-week, as recorded by CoinMarketCap.
Prospects for the Bitcoin mining industry
In spite of the fact that Bitcoin’s bulls and bears have been forced to fight for traction while the asset has been attempting to reach the psychological level of $20,000, Bitcoin’s miners have managed to remain uninterested. This is indicated by the fact that the mining hash rate reached a new all-time high (ATH) in early October.
The European Union is putting up a new rule that aims to create energy efficiency labels for assets like Bitcoin in an effort to limit energy use in the industry. If the worst predictions come true, it may be disastrous for cryptocurrency miners.
According to reports in the media, the findings of a quarterly study indicate that Bitcoin mining only accounts for 1 percent of global CO2 emissions and only consumes 0.16 percent of the world’s total energy output.
On Oct. 18, the EU issued a proposal to implement the European Green Deal and the REPowerEU Seek, both of which plan to monitor crypto mining and its environmental effects.
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Bytebus, One Of The Best Cloud Mining Platform For Everyone, Has Officially Gone Live
After a soft launch earlier this month, Bytebus has formally gone live with its cloud-mining platform. The platform has seen significant growth in the month of October as crypto enthusiasts around the globe are looking for ways to mine digital assets in the most cost-efficient manner possible.
With the help of the mobile cloud mining program Bytebus, anyone may mine Bitcoin from the convenience of their home.
This technique has historically required the purchase of expensive mining equipment. In a push to acquire a significant market share, Bytebus’ cryptocurrency cloud mining enables users to mine at home without buying costly equipment.
While designing the Bytebus platform, the company capitalized on competitor inefficiencies to bring a solution to market that is both seamless and inexpensive. The overall goal is to enhance everyone’s access to cryptocurrencies.
What exactly is Bytebus?
With over 360,000 users, the cloud mining platform Bytebus is gradually gaining popularity. Searching for blocks of bitcoin to process is known as mining. Bytebus does this task for you automatically. In the business, each attempt is referred to as a “hash.”
Consider it a huge thing, do you? That is accurate; it is! Bytebus owns mining operations in several nations and has invested in data centers in Kazakhstan and Myanmar. For instance, it uses renewable energy to power its mining processes, making it a viable and ecologically friendly cryptocurrency business. Let’s examine the factors that attract investors to Bytebus.
What Justifies Going With Bytebus?
Users ought to utilize Bytebus as their cloud mining platform for the following reasons:
A Personal Manager is given to each member, who will be there for them at all times. Anyone interested in learning more about cryptocurrencies can do so with a small investment because the minimum is a mere $10. Bytebus now has an event where anyone who signs up can get $10, so everyone can invest for free.
Users can reinvest at any time by purchasing new mining contracts. Users may always stay in control thanks to a comprehensive dashboard that gives them access to real-time investment and profit details.
These unique qualities of Bytebus are also present:
The business operates data centers across the globe, including in Kazakhstan, Myanmar and Iceland. Bytebus also has the following notable features:
- The business uses electricity, solar power, and wind power for mining.
- It offers a $10 withdrawable sign-up incentive to all users.
- It provides a referral program where you can recommend friends and receive a 3% commission.
- It is regulated by the UK Financial Conduct Authority (FCA).
- You have everyday access to your money, and the money will be in your account within an hour.
- SSL and DDoS protection are used to secure and safeguard the system.
- It provides a full guarantee for all investments. It employs a team of certified analysts and professionals available around the clock to ensure that clients receive regular returns.
Then, users can rent one of their miners and begin making passive income immediately!
Visit their official website at https://bytebus.com/ for more details.
Twitter: https://twitter.com/bytebusUK
Facebook: https://www.facebook.com/bytebusUK/
Youtube: https://www.youtube.com/watch?v=F-EPwao6ZLQ&t=40s
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure
The post Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure appeared first on Coinpedia Fintech News
The difficulty indicator increased by 13.55% since the last adjustment around two weeks ago, the greatest increase since May 2021.
As per the data collected from btc.com, the current difficulty adjustment is in, and it now takes 35.6 trillion hashes to generate one bitcoin (BTC), up a massive 13.55% from the previous estimate.
The network rate now stands at 257 million TH/s (terra hashes per second), a huge increase over the 140 million TH/s it had at this time last year.
For bitcoin miners, who are already struggling due to low bitcoin prices and rising energy costs, the rising difficulty presents an even grimmer picture.
Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure
The post Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure appeared first on Coinpedia Fintech News
The difficulty indicator increased by 13.55% since the last adjustment around two weeks ago, the greatest increase since May 2021.
As per the data collected from btc.com, the current difficulty adjustment is in, and it now takes 35.6 trillion hashes to generate one bitcoin (BTC), up a massive 13.55% from the previous estimate.
The network rate now stands at 257 million TH/s (terra hashes per second), a huge increase over the 140 million TH/s it had at this time last year.
For bitcoin miners, who are already struggling due to low bitcoin prices and rising energy costs, a rising difficulty presents an even grimmer picture.
Argentina Moves Big Into Crypto Mining, Uniglo.io and Helium Could Profit From Countrywide Mass Adoption Of Crypto
The aftermath of the COVID-19 pandemic turned into a full-scale energy and financial crisis, seeing Argentina’s inflation skyrocket to 78.5%. Despite all this, Argentina made a major move into crypto mining, with YPD, Argentina’s state-owned energy provider planning to open an 8-megawatt mining plant.
Crypto Miners under pressure
BitPatagonia, one of the largest crypto mining companies in the South American country, got hit with a 400% increase in electricity costs earlier this year. The surge in electricity costs is not just the result of the accelerating energy and supply crisis worldwide but a policy change in Argentina.
Reportedly, the government imposed a massive hike in the electricity rates for wholesale customers, resulting in a 400% higher bill for BitPatagonia’s mine in Tierra del Fuego.
Implications for crypto adoption
With the state-owned energy provider entering the crypto mining arena, the country is signaling crypto-friendly regulations and policies for the future. Startups like Uniglo.io, Helium, and other blockchain startups are intrigued by the move that could lead to a countrywide storm on cryptocurrencies, seeing hundreds of startups pouring into the country to set up shop.
Uniglo (GLO) plans to launch on the 19th of November, yet with no physical office, the project could be potentially intrigued by a positive move towards crypto in Argentina. While it is no crypto mining company, its unique technology and solid development plan surrounding the Ultra Burn and GLO Vault would fit right into the Argentinian Silicon Valley.
Furthermore, Uniglo is still in its presale stage and reports that investments from Argentina and other South American countries are picking up.
Helium (HNT) is another unique project as Uniglo, which rewards its users for data transfers and wireless coverage via its physical devices. With Argentina’s current move, we will see over the coming weeks if Heliums order numbers pick up and more people start to set up their devices to earn cryptocurrencies.
Final thoughts
Cryptocurrencies are conquering countries, with Argentina being the latest convert of turned pro-crypto governments. Uniglo’s ICO is already profiting from the decision, while many other cryptos will also benefit in the future.
Learn More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Easiest Ways to Earn Passive Income With Cloud Mining
Crypto mining is one of the best ways to make money. however, Mining requires pricey equipment and there is a shortage of mining machinery as the price of bitcoin rises.
But who says you have to buy a mining machine to mine cryptocurrencies? Luckily, there is a way out. If you wish to profit from Crypto mining without going to the stress of the process, cloud mining is the option for you.
Crypto mining has been developed as a way to mine cryptocurrency by using rented cloud computing power without having the need to install or directly run any related software or hardware. People can remotely participate in cryptocurrency mining by opening an account and paying a minimal cost. This is why cloud mining has become so popular.
Bytebus was founded in 2018 as one of the earliest companies to provide cloud mining services and trusted by more than 360,000+ users worldwide. Register and join Bytebus, you can participate in cloud mining simply and easily.
Bytebus offers a simple web interface that makes it easy for customers to sign up and verify, and as a new user benefit, you get a $10 sign-up bonus. Bytebus also offers a referral program where you get a 3% commission for referring friends and family.
Can I make money by not investing?
Yes, no investment is required from you, anyone can participate in this event for free. We have a free experience plan that gives you $10 when you register. You can use $10 to buy the free plan and get $1 per day. When you reach $100, you can withdraw money.
Flexible investment options
Bytebus currently offers several distinct cloud mining pricing plans, including $10, $100, $1600 and $6000 plans, etc. Each of these has its own contract duration and each offers a distinctive Return on Investment.
For example, investing $100 plan offers a reward of $6 within a contract period of 3 days
For example, investing $480 plan offers a reward of $102 within a contract period of 10 days
For example, investing $6000 plan offers a reward of $7400 within a contract period of 50 days. Daily rate are as high as 2.47%!
Returns are paid daily, so you are sure of getting payment every single day. The returns are fixed for any period of time for which you invest. At the end of the contract period, you can withdraw the money immediately or continue to invest. Bytebus offers full guarantee of principal and interests for each investment.
How to use the referral program?
You can start earning money even if you do not invest. Every Bytebus user has a unique referral link, which can be shared with anyone, copy your referral link and share this link to get bonuses. Any new user, who registers using your referral link becomes a lifetime referral. As a referrer, you are eligible to receive 3% referral commission bonus for every purchase made by any of your referrals. For example, if someone purchases a $100 order using your referral code, you’ll get $3 for free.
About Bytebus
Bytebus is a regulated crypto mining platform and follows FCA (Financial Conduct Authority) regulation, the FCA regulates financial services, firms, and markets for the fair treatment of consumers.
Bytebus is currently operating large data centers in Kazakhstan, Myanmar and Iceland. Hashlists is also the only company in the world that has been granted a license to support land lease and exploitation by the Kazakhstan government within 5 years .
We’ve developed the world’s Top cloud mining platform with the most advanced deployment technology, Offering 2%-10% of the world’s cloud mining Hash Rate. More new product plan and services are in our pipeline.
In conclusion, if you are looking at a legitimate source of steady, passive income via crypto currency investment, then you should leverage the services of Bytebus.
To learn more about Bytebus and purchase cloud mining plans, visit its website at https://bytebus.com
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Binance Launches Mining Pool For EthereumPoW, ETHW Price Soars
The post Binance Launches Mining Pool For EthereumPoW, ETHW Price Soars appeared first on Coinpedia Fintech News
The Ethereum proof-of-work (ETHW) mining pool was launched by The world’s largest crypto exchange Binance. Following the news, the price of EthereumPoW (ETHW) soared by more than 15%, reaching a 24-hour high of $12.71.
In order to encourage ETHW mining on the Ethereum Proof-of-Work (ETHW) mining pool, Binance Pool has also announced free pool fees. From September 29 to October 29 at 10:00 UTC, all users can mine ETHW tokens for no pool fees. Additionally, the cryptocurrency exchange only permits ETHW withdrawals. A company policy prevents access to ETHW deposits. On the Binance Convert service, users can sell ETHW for BUSD or USDT.
Bitcoin Mining Firm ‘Compute North’ Owes $500 Million To Creditors, Files For Bankruptcy
The post Bitcoin Mining Firm ‘Compute North’ Owes $500 Million To Creditors, Files For Bankruptcy appeared first on Coinpedia Fintech News
On September 22, Bitcoin (BTC) mining data center operator ‘Compute North’ filed for Chapter 11 Bankruptcy and will be continuing its operations all along finding solutions to solve the problem of liquidity. During its filing, the company also added that CEO Dave Perrill had resigned earlier in September. Notably, the mining operator owes $500 million to about 200 creditors and has assets valued between $100 and $500 million.
CEO Dave Perrill will still remain on the board and chief operating officer Drake Harvey will be taking over as President. Compute North partners – Marathon Digital and Compass Digital – revealed that the mining firm’s declaration of bankruptcy would not affect their operations.
Bankruptcy may have come with the firm seeing its fortune declining after a massive market downturn. Also, the rising energy costs and increasing BTC mining difficulty have made it hard for the miners to make profits.
Here’s a Clever Strategy for Cautiously Optimistic Crypto Mining
One of the most effective ways to get decent earnings on cryptocurrency is mining. It allows you to keep the network running and earn tokens as a reward. However, before starting mining, you need to answer a few questions: what kind of mining is the most effective? How to identify the benefits? On which hardware to mine? Which cryptocurrency? In other words, you need a strategy.
To start mining on your own, you will need three things: mining hardware (central processing unit (CPU), graphics processing unit (GPU), or ASIC), mining software, and a cryptocurrency client/coin wallet.
Different types of cryptocurrencies may require different hardware to achieve the best results. For example, ASIC equipment is configured to confirm transactions for cryptocurrencies such as Bitcoin and Bitcoin Cash. For cryptocurrencies like Ethereum, Zcash, and BitcoinGold, graphics processing units (GPUs) are suitable.
To choose mining software, you need to understand what algorithms and hardware it supports.
Deciding what mining equipment to buy, what mining software to choose, and whether it is better to mine by joining a mining pool or getting risk and starting a solo journey is a much more serious question that can be additionally searched for, for example, on popular cryptocurrencies forums. Experienced miners will gladly share their experience with a newbie, depending on your needs.
5 Steps of the mining process:
Purchase equipment;
Open an electronic cryptographic wallet;
Set up equipment using special software;
Connect to a pool of miners (if necessary, depending on the coin); Run the program.
Bitcoin is one of the most popular and profitable cryptocurrencies for mining. The largest mining farms are located in China (although some have already migrated to Europe and Canada), and their scale is outstanding. Mining BTC on a home computer is an obviously losing business, hence farms are needed.
Most suitable equipment – ASIC, powerful and energy-saving. Namely, ASIC S19Pro, Antminer S19Pro, Antminer S17+, Antminer S19j, and WhatsMiner M30S models.
How much can you earn?
In August 2022, the price of BTC is around $24,000, which means you could theoretically earn $150,000 (6.25 x 24k.) per block.
To calculate how much you can earn today on bitcoin mining on specific equipment, you need to know the following: the hash rate, the daily cost per BTC, the power consumption of the equipment, and the cost of kWh. For convenience, it is easier to use one of the many calculators that are in the first place in Google.
Important to know that in addition to buying, setting up, and installing equipment, you must take care of maintenance, sound and heat insulation, unexpected expenses (repairs), and also take into account the rising price of electricity. Would be mining profitable? Definitely yes, but taking into account the fact that you know this “inside kitchen”, or hire a consultant to advise, then you might have an impressive capital to start and run your farm.
Is it possible to mine cryptocurrency without a large starting capital? If you are looking to make your initial capital mining.
There is an alternative – it is cloud mining.
Cloud mining is an alternative to the traditional way of mining cryptocurrency with the help of special equipment. You rent the required amount of power from the owners of the mining farm, in return – you passively accumulate cryptocurrency. However, you should be careful and choose only trusted services.
One of the major representatives of cloud mining is SunMining. They were one of the first to start mining cryptocurrency using solar energy. A wide range of contracts (capacity for rent) and referral levels makes this service available to everyone who wants to do it.
Firstly, you need to register on the site and familiarize yourself with the equipment and available contracts (they differ in price, contract duration, amount of rented power, and referral level). The more capacity you rent, the higher your profit is. Next, you must decide what you want to do with bitcoins after mining – you can store them on an exchange or wallet, use them as a long-term investment, or immediately convert them into a currency. Act according to your needs.