Cryptocurrency mining is one of the ways for getting cryptocurrencies without using crypto trading platforms or online crypto exchanges. However, solo crypto mining turns out to be a non-profitable activity conditioned by the fact that Bitcoin network difficulty grows every year, huge expenses on computer hardware (ASICs) and electricity costs (excessive power consumption), constant upgrade for cryptominer software and rigs, power outages and unstable Internet connection, just to name a few. As an alternative, many people opt for cryptocurrency cloud mining using the leased hash power processing for non-stop mining. Hashing24 is one of the leaders in Bitcoin cloud mining and the following article is devoted to a scrupulous analysis of its service provision.
Brief Facts About Hashing24
- Operating since 2012 onwards.
- Headquartered in Ireland.
- Provides online Bitcoin cloud mining services (exclusively BTC, no support for other coins).
- Powerful cryptominer farm facilities located in Norway, US, Canada, Kazakhstan, Iceland, Georgia.
- Only new BTC coins are mined (absence of empty block transactions validation).
- The process of cryptocurrency mining is energy-efficient due to geographic location of mining farm facilities, use of top-notch immersion cooling systems and next-generation ASIC chips (amp Tardis powered by Bitfury).
- Bitfury is the main producer of BTC hashrate power.
The Hashing.com website earned global recognition in 2014 after forging a successful business partnership with private owned Bitcoin mining giant Bitfury. It is worth to point out that Bitfury is the world’s leading emerging technology company, private-owned BTC mining conglomerate and Bitcoin mining hardware manufacturer. It is one of the oldest and longest standing corporations up to date — it was founded back in 2011. Its representative offices are located in Amsterdam, Hong Kong, South Korea, the UK, United Arab Emirates, among others. Partnership with Bitfury solidified positions of Hashing 24 on the cryptominer market and boosted the global expansion of the latter. The differentiating factor of Bitfury as a Bitcoin miner is the fact that the company does not validate empty blocks and all the minted coins are new by default.
In fact, Hashing24 acts as a reseller of BTC hashrate produced by powerful enterprise-scale BTC mining data centers powered by its partners. The site allows its platform users to set up the mining plan for a particular Bitcoin mining contract and mine BTC via the cloud while staying at home. Users utilize rental capacities of behemoth companies and mine crypto with minimal investments risks. The available contract plans are twelve, eighteen and twenty-four months respectively. The minimal hashrate volume available for a purchase is 0.1 Terra Hash per second (TH/s) and the maximum volume equals 1000 TH/s accordingly (instant access to cloud mining regardless of the date and month, be it Jan., Jun., Sept or Aug.). The Prices page contains all necessary details pertaining to the contract purchase (BTC price, network difficulty, available currency for contract buying, estimated ROI).
For those who hesitate with regard to profitability of Bitcoin cloud mining and using leased hash power, the Hashing 24 website offers a free option called Demo mining. By opening a Demo mining contract with personally selected parameters, the client can mine Bitcoin virtually without risking any capital whatsoever. A Demo mining contract is valid throughout twenty eight calendar days and the user receives weekly Demo mining earnings notifications to their email address. This handy feature helps ordinary people demystify the complex dichotomy of Bitcoin cloud mining under real market conditions and decide as to whether it is worth starting mining BTC via the cloud or not.
In addition to Demo mining, the site features an intuitive tool called Bitcoin Mining Profitability Calculator. This instrument allows site visitors and platform users to calculate possible BTC mining earnings or losses by envisioning their estimated return on investment (ROI), be it long-term or short-term. The calculator displays the following fields: BTC price (current and future), block reward, network difficulty, hash power, among others. The calculations are for informational purposes only in order to weigh all pros and cons of crypto cloud mining.
How to Start Mining BTC with Hashing24
- Register with Hashing24 (a few minutes).
- Select the hash power plan.
- Buy the preferred contract and mine BTC remotely.
In tandem with BTC mining contracts, the Hashing24.com website presents a rather unique trading feature — Trading Room. In essence, it is a unique value proposition on BTC mining market, which in its turn allows crypto miners to speculate on price swings by trading BTC mining contracts as orders on Trade Desk. The trading fee for deal conclusion equals 5% and the least amount of the contract step totals just one Satoshi. The trading engine follows the automated order matching algorithm and contains detailed statistics, price graphs, market depth, relevant and real-time charts. As such, it is a very useful instrument for beginning traders to build and hone their trading strategies, speculate or HODL cryptocurrency mining contracts in accordance with current market conditions and price fluctuations.
Concerning available payment options, the Hashing24.com website accepts fiat currencies (Euro and US dollar), bank and wire transfers, SEPA and SOFORT, Asian local banking, deposits in BTC and altcoins. The withdrawal of mined BTC can be performed any time, however the minimal withdrawal amount totals 0.0007 BTC. The withdrawal fee is 0.0005 BTC, but users can withdraw BTC to their margin account on crypto trading platform Bithoven.com free of charge.
Concerning customer loyalty programs, Hashing24 runs its own branded crypto Affiliate program, which allows proactive platform users to generate passive income on affiliate leads. The program is multi-level and has an eight level gradation, which in its turn presupposes that affiliates can earn higher affiliate commissions for referring more people. The starting affiliate reward percentage is 3% and the highest score is 10%. The site offers extensive promo materials (promo landings, banners, logos, etc.), referral links, videos and calculators.
Finally, the Hashing24.com website is one of the few spots with good reputation, global recognition and stable hash power capacities. Throughout its 10 year operation period, the company has not been involved in any scam schemes and values its customer base.
