This greatly simplifies the process but increases risk because you do not control the actual physical hardware.
Cryptocurrency mining and the blockchain
Being listed in this section is NOT an endorsement of these services. There have been a tremendous amount of Bitcoin cloud mining scams.
Genesis Mining is the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers three Bitcoin cloud mining plans that are reasonably priced.
Bitcoin mining is becoming more competitive
Zcash mining contracts are also available. Hashing24 has been involved with Bitcoin mining since They have facilities in Iceland and Georgia.
Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more. Offers both pool and merged mining and cloud mining services for Bitcoin. Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners.
HashNest currently has over Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest’s website. Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out. NiceHash is unique in that it uses an orderbook to match mining contract buyers and sellers. Check its website for up-to-date prices. In an ongoing effort to come up with the fairest method and prevent gaming of the system, many calculation schemes have been invented.
PPS, or ‘pay per share’ shifts the risk to the mining pool while they guarantee payment for every share you contribute. PPS payment schemes require a very large reserve of 10, BTC in order to ensure they have the means of enduring a streak of bad luck.
For this reason, most Bitcoin mining pools no longer support it. DGM is a popular payment scheme because it offers a nice balance between short round and long round blocks. However, end users must wait for full round confirmations long after the blocks are processed.