You can also choose the currency you want to get your payments in; for example, you can choose to mine Ether but have your mined coins traded instantly on an exchange by the service to an ERC token, and then receive payouts in said token. Founded in , it boasts with having nearly thousand registered users with about of those being active on a daily level. It is a pay-as-you-go cloud mining platform, allowing you different mining plans and contracts that can have your hash power ultimately hop between a really diverse selection of altcoins.
The hardware used to provide hash power is apparently owned by them and anything you mine out will be paid to you in Bitcoin. Ethereum, Litecoin, Monero, Dash, Zcash are among the mineable currencies. No matter what they mine, clients will get their payments in Bitcoin only. Overall, the service has received mostly favorable reviews from the community. MiningRigRentals operates since and is certainly a website that will impress you with its massive offer of crypto mining algorithms.
The service claims that it has been developed from the ground up by miners for the mining community, and from everything we saw it definitely looks like that. There are very few user restrictions and the website has an impressive Help section which can take you through any potential issue you may come across while mining. Only downsides we could think of include somewhat high fees and a simply-looking website which can be a positive sign for some more ascetic individuals.
Their rig prices are a bit steep though and you could probably do much better pricewise if you simply assemble one from the used hardware market. Contracts are open-ended and run up to 2 years, which could potentially net you a decent profit. You can purchase either one of their pre-determined contracts or set up your own custom one.
A potential issue with the service could be the fact that the person who registered its domain decided to stay private. It has its own data centers in Russia and Ukraine, and is a reseller of the capacities of mining industry giants — Bitmain and SaintBitts — which are located in Island and China. Besides providing clear purchase documents for their devices, AGIO apparently has a work license given to it by the Saint Vincent and the Grenadines registrar of international business companies.
The service offers dedicated cloud mining servers for mining Bitcoin, Litecoin, Ethereum. MPB is an indicator that informs customers about the most favorable moment for the sale of the earned cryptocurrency. With MPB technology, users do not need to constantly monitor the market and analyze the data. They are currently out of stock but there is a waiting list you can apply to.
MinerGate is a popular online crypto mining marketplace, one which apparently contains more than 3. It even offers support for merged mining. MinerGate is definitely one of the more established projects out there, having their own blockchain explorers, profitability calculators, pool stat trackers and service monitors.
They even offer integration with the Lumi Wallet and have their own native MinerGate token which acts as development fuel, loyalty tool and support for EOS network. Cloud service backed by the much-maligned Bitmain mining hardware producer. It is located in China but has offices and representatives all around the world. It was introduced to the market in April By default, all miners are directed to Antpool, which is a part of the BitMain Corporation. Because there are no guarantees that the company actually has the hardware for mining or that it will pay out your commissions.
History teaches us that our first assumption about any crypto service is that it is a scam and then we search for arguments of contrary. Bottom line — be very careful and vigilant in your research. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.
Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.
We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Journal Mining. Sarah Wurfel September 22, Visit NiceHash Now. Get a free mining contract for 1 month after registration. Visit Hashflare Now. Visit Hashing24 Now. Visit Genesis Mining Now. Visit IQ Mining Now.
Visit Nuvoo Mining Now. Visit MiningRigRentals Now. Visit MinerGate Now. Visit Hashnest Now. But if you joined a mining pool with 50, other people, every time your pool won, you would get you to share based on your 1 ticket. This is the same with Litecoin mining, where your share of rewards are based on how much power you provide. However, you sometimes need to pay a fee to join a mining pool, which you might find annoying! You will also have to share the reward out with the other miners instead of getting it all for yourself!
There are hundreds of different Litecoin mining pools to choose from, however, I have listed two of the most popular choices below. Litecoin Mining Pool is one of the original pools and has been operating since They use a system called pay-per-share PPS , which means that the amount of Litecoin rewards you get are based on the amount of power and electricity that you contribute. You also get the benefit of free and instant payouts.
For security, two-factor authentication is available. Antpool, located in China, is one of the largest Litecoin mining pools available. They also have pools available for other cryptocurrencies, such as Bitcoin and Ethereum. Although Antpool does not charge any fees to join, they do keep all of the transaction fees for any blocks that the pool mines.
However, all of the block rewards are shared. The amount that you receive is based on how much power you contribute, and they release their payments daily. Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look! What is the safest Bitcoin wallet?
Read this guide find the safest Bitcoin wallet to protect your funds. If you do not like the sound of having to spend lots of money on expensive equipment, but you still want to experience mining, there is a third option! Cloud mining is where you pay a Litecoin mining rig to do all the work for you! All you need is a computer! Note: A mining rig is basically a group of computers that are only set up to mine cryptocurrency! The more computers you have in your rig, the more you can mine!
This is a great option for beginners as you will not have to buy expensive hardware that costs you lots of electricity! Of course, nothing in life is free — you will need to invest a certain amount of money to get access to the cloud mining rewards. The more that you invest, the greater the number of coins that you can receive. However, you have to be very careful about which cloud mining company you use.
Do lots of research before you send any money. One of the most popular Litecoin cloud mining websites is Hashflare. Based in Estonia, Hashflare has been offering Litecoin cloud mining services since If you decide that you want to go ahead with solo mining, or if you want to join a mining pool, you will need to buy some hardware. This was great, as it meant you could invest really small amounts and still make money!
Imagine entering a Formula One race. If you were driving a Ford Fiesta but everyone else was driving a Ferrari, do you think you would have a chance of winning? You would have no chance! Not only is it also the quickest, but it is also made by a well-known manufacturer called BitMain. No other Litecoin mining hardware will compete with this. The amount of calculations that a hardware box can make per second is known as the cash rate.
Simply choose a secure cryptocurrency exchange and have Litecoin in your wallet in no time. At the moment, the most recommended platforms include Coinbase and Binance. Mobile App. Social Trading. Copy Trading. Additional Features. When the product arrives, it comes with an installation file. You then have the option to either mine solo or join a mining pool. Here are a few helpful tips to get you started.
Before you go and buy hardware, it is really important to consider whether you are going to make any money. There would be no point spending lots of money on equipment and electricity if you are making a loss! Remember how I told you earlier that you need to use your computing power to mine, and that the more you use, the more Litecoin rewards you will get?
Well, this requires LOTS of electricity! The cost of electricity is different depending on where you live. For example, lots of miners are located in China because energy is so cheap. However, in places like the USA, electricity is really expensive. You need to consider how much extra electricity you are going to use, and whether you are mining enough coins to make it worthwhile. By visiting this link here , you can enter details of your equipment, electricity costs and any mining fees, to calculate how much money you can make or lose.
You might remember how I told you that mining is similar to solving a really difficult puzzle. In fact, the puzzle is so difficult that no human could solve it! Well, over time, the difficulty of each puzzle gets harder and harder. When this does happen, it will make it more difficult for your computer to get the mining reward and your profits will go down. If you bought a car, after a few years you might want to sell it to help pay for a new one, right?
Sure, you will get less than what you originally paid, but you will still get something! This is called the re-sell value. The Litecoin hardware that you buy can only be used to mine cryptocurrency. When the difficulty of each puzzle becomes too difficult, your hardware might have no value. When people started mining Litecoin in , it was possible to buy GPUs to help do this.
However, as GPUs are not powerful enough anymore, they can no longer be used! This is a really important thing to consider. The prices can change massively overnight! If you are thinking about mining as a way to get more Litecoin, it could be easier just to buy it. The main point of buying equipment to mine Litecoin is to make a profit. There would be no reason to do it if you were losing money instead!
This means that the risks can be quite high, especially if you have spent lots of money on hardware and you have a very big electricity bill to pay! Always check the profit calculator that we listed above. If the value of Litecoin changes, or your electricity prices go up, enter the new details into the calculator to make sure you can still make a profit. Learn what is the best time to buy Bitcoins, and when to sell Bitcoin, too! Learn about the the most secure vaults in the world, and how you can acquire one of such vaults yourself!
Learn how to convert Bitcoin to cash on Binance P2P, and start exchanging today! I hope you have enjoyed my guide on how to become a Litecoin miner! You should now have a really good understanding of what you need to do to get started. If you have checked out the amount of money it costs to buy ASIC hardware, you will now know how expensive it can be! The best thing you can do is not rush into anything. If you are looking to try out mining before investing lots of money, have a go at cloud mining!
So, did you decide to try out cloud mining first, or did you go crazy and buy an Antminer!? I would love to know! That includes buying it on a reliable cryptocurrency exchange. That will definitely save you a lot of time and effort! Here are the top3 cryptocurrency exchanges :.
We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours! Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. That said, many users believe that Coinbase is one of the simpler exchanges on the current market.
The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange.
Другие идеи пользователя Hashflare Review. GIF. Start earning bitcoin or altcoins (ethereum, dash, litecoin) cloud mining in Hashflare. Apr 11, - Hashflare announces new and lower prices for Scrypt's contracts, including Litecoin, at $ per 1 MH/s. In addition to the already low. Следующий — Scrypt, это майнинг алгоритм Litecoin. Но Hashflare решили не заморачиваться и намайненные лайткоины конвертируют сами в биткоин.