What is "Cloud Mining"?
Cloud mining enables users to purchase hashing power from hardware in our data centers, without managing hardware, software, electricity or other issues to mine cryptocurrencies. With cloud mining, we will work as your agent to deploy and run the most advanced miners under professional operation and maintenance. We will help you achieve the best ROI secured by lower power consumption, electricity cost and higher mining yields in our own pool. You can start mining cryptocurrencies almost in real-time after purchasing our cloud mining contract. It will save you all the trouble and nuisance to run a miner on your own, and bring you more yields instead.
During the period of the contract, your daily hashrate will keep fixed, and your earnings will be allocated to your mining account based on your hashrate.
What is electricity fee?
The electricity fee consists of several costs including but not limited to mining's electricity fees, mining farm maintenance, heat dissipation, operation and maintenance for miners, etc. Mining contract's costs might fluctuate because of policy, mining's electricity fee, cost of maintenance, etc. ViaBTC reserves the rights of adjusting management fee. Electricity fee will not be affected before adjustment.
When will the contract come into effect?
All cloud mining contracts in ViaBTC are future products. When you place an order and complete the payment, it will match the contract order you purchased with the hashrate provided by the mining pool. Please refer to the actual display on the page for the specific effective date. The daily earnings will be issued at 00:00 the next day (UTC).
Can I move hashrate from the cloud mining contract to other pools?
The miner of the contract will be mining in ViaBTC. Users cannot mine in other pools.
What if there’s malfunction in miners or mining farm?
Mining farm might be running short of hashrate because of blackouts or malfunction in miners. ViaBTC will take the risks for users. Users' mining yields will not be affected.
Comparison of three mining methods
|
Mining Method |
Steps |
Advantages |
Disadvantage |
|
Individual Mining |
1) Purchase mining machines 2) Select mining pools 3) Connect the machines to the pools 4) Maintain miners at any time and detect the hashrate fluctuations |
The revenue is only related to the machines' cost and electricity fees. |
1) It requires that you have professional knowledge in detecting, analyzing and maintaining. 2) Address the mining noise issue. 3) Cheap electricity fee is needed. |
|
Hosted Mining |
1) Find a suitable mining farm administrator 2) Purchase machines and send them to administrators (or purchase from the mining farm administrators) 3) Pay electricity fees regularly |
It is convenient and electricity fee is only needed to pay monthly. |
1) The risk of the mining farm closure 2) The risk of integrity of the mining farm administrators 3) More maintenance fees and electricity fees compared to individual mining. |
|
Purchasing Hashrate Contracts |
1) Find a platform to buy suitable hashrate 2) Select the contract period and hashrate based on ROI and personal assets. |
It doesn't require professional knowledge. |
Lower profits compared to the first two methods |
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