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Started by Bitcoin, Feb 14, 2021, 08:32 am

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Bitcoin

How does Bitcoin Cloud Mining Work?
Cloud mining means a host company owns Bitcoin mining hardware and runs it at a professional mining facility.
You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased.
At least...that's how it works in theory.
In most cases, though, there is no mining facility or hardware. There is just a guy taking your money and paying part of it to someone who signed up before you did. Eventually he runs away with the money, and you are left with nothing.
Cloud Mining Viruses.
There have been viruses that land on computers and then use the computers' power to mine bitcoins.
This is particularly common with Monero since it is ASIC resistant and can be mined with GPUs.
Run a malware detector on your computer if you think you may have come under attack.
Is Mining Software the Same as Cloud Mining?
Mining software is something you download on your computer. It is required when you OWN mining hardware. Software connects your hardware to the internet so that it can make hashes and communicate with the network.
Just buy Bitcoins!
If you just want bitcoins, don't bother with cloud mining. Just find an exchange in your country and buy some bitcoins.
Learn More.
Best Bitcoin mining Hardware.
Best Bitcoin mining Pools.
Get a Free Bitcoin Wallet.
Bitcoin Price History Bitcoin Volatility Index Mayer Multiple How Many BTC.
Sitemap Bitcoin Wallets Exchanges Bitcoin Halving.
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The Business Of Bitcoin Mining (Why It's So Difficult)|9:52

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How To Mine Bitcoin - Easy Simple|11:31

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Bitcoin

Start Mining Now!
Excel Mining provides Bitcoin & Altcoin cloud mining at unbeatable prices! All our contracts feature the lowest fees on the market, instant hardware setup, and responsive support. Sign up now during our launch phase and receive 50 GH/s towards your Bitcoin mining!
What Do We Offer?
Bitcoin & Altcoin Mining.
Our mining services do not stop at Bitcoin. We also offer mining in Ethereum, Monero, Litecoin, Dash, and ZCash.
Unbeatable Prices.
Our prices are 65% lower than other major cloud mining providers. No cloud mining service comes close to our contract pricing.
Already Running Hardware.
Don't waste your time building rigs or waiting for parts to arrive. We can provide this all for you instantly and professionally setup.
Low Maintenance Fees.
With our hardware optimization and optimal cooling efficiency we achieve incredible results with very little energy needed in the process.
Daily Mining Payouts.
Mining payouts are processed every 24 hours of continues mining. Maintenance fees are automatically deducted from payouts daily.
99.9% Uptime Guarantee.
We can all agree downtime is the worst! That is why we have round the clock maintained facilities and fail-safes!
Why Choose Us?
We work every day and create new innovative products to meet your biggest and most complex requirements while offering the most flexible and cost-competitive solutions.
Low-cost, High-Performance Lowest Maintenance Fees No Hardware To Setup Higher Net From Mining Payouts Multiple Mining Algorithms Instant Activation High Transparency With Customers.
Run on Renewable Energy.
Bitcoin mining has bad effects on our environment, that's why we use wind & geothermal energy sources.
Two-Factor Security.
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Don't waist time and money on other services with cheap hardware, we mine with high-end hardware!
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Always Expanding.
With our ambition for Bitcoin and the technology behind it, we're always trying to evolve and grow.
Loved by individuals, and businesses across the globe.
Just a few of our many reviews and testimonials.
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I'll give this company 5 stars because it's legit, good interface, easy to use, deposit & withdraw at low amount and gives free mining.
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I have been using Excel Mining for about 4 months now and have received all my withdrawals. Very nice dashboard as well!
The mining starts immediately after confirmed payment. First payouts within 24 hours.
SECURE.
Hardware is monitored 24/7 by onsite security guards as well as through remote security system.
INSTANT WITHDRAWAL.
Choose the amount to withdraw and receive it instantly.
STABILITY.
Miners are in stable operations within our dedicated datacenters. We provide 24/7 security and exchange of defective miners free of charge.
Low Electricity Rates.
Our datacenters are located in the Nordics where electricity rates are very low and 100% green.
DETAILED STATISTICS.
View all mining related information in real-time, at any point from any location.
Cheap Mining.
LEADERS OF THE MARKET.
Cheap-Mining.com is a unique online Bitcoin investment platform, which allows independent investors from all over the world to Mining Bitcoin.
Cheap mining is a Cryptocurrency Cloud Mining company. The company provides modern, high-efficiency platform rental services for Bitcoin mining. We guarantee an instant connection, access 24/7, operation without any interruptions, real-time mining monitoring, easy-to-use and secure platform as well daily mining outputs.
Our company guarantees payments on deposits and affiliate accruals, we have a reserve fund and insurance. We are an officially registered company in London, we have all the permissions and licenses. We work completely legally and transparently. Low Fee We take low maintenance fees and transaction fees compare to other mining companies.
How It Works.
The main disadvantage of large currency exchanges and stock markets is a high entry threshold. In order just to obtain permission to direct stock trading, you must have at least $5,000 on your trading account.
This amount can be quite challenging for most people. Coinvestpro allows everyone to take part in trading on major world exchanges and markets, even if they don't have the required amount of money on their hands. This becomes possible by the means of creating a common financial pool.
Funds from hundreds of investors from around the world are accumulated in the accounts of our traders, who multiply them and return them to customers, keeping just a small fee for their services. This provides privat investors with significantly larger opportunities, while allowing us to work with bigger budget, thus maximizing the amount of profit.
Need help or have a question?
Frequently asked questions (FAQ) or Questions and Answers (Q&A), are listed questions and answers, all supposed to be commonly asked in some context.
We currently accept the following payment methods: • Cryptocurrency: Bitcoin,Perfect Money • Credit/Debit Card (Visa and Mastercard): Not Available .
You can access the Genemining platform from your computer or mobile phone . We recommend that you use the latest version of Firefox, Chrome, Microsoft Edge or Safari for the best Cheap mining experience.
It's super simple. Please enter a valid e-mail address. The registered e-mail will be used to activate your account and to restore in case of loss. Keep your Pin in a safe place, will be used as validation for Bitcoin withdrawal. As soon as you've set up the account, you can start to mine your first coins using our Bitcoin mining service!
You can get the referral link in your personal account (BONUS › Referral Bonus section).
Cheap Mining offers a Affiliate Program to increase your earnings. Each registered user of your referral link automatically becomes a affiliate. You will receive up to 10% Referral Bonus for every purchase made by any of your affiliates, excluding reinvest purchases. The bonus will be automatically added to your account balance in Bitcoin shortly after the purchase confirmation. For more information, please check in your personal account (BONUS › Referral Bonus section).
• Login with your Cheap Mining Account. • Go to section WITHDRAWAL. • Enter the amount to request withdrawal. • Confirm your Bitcoin wallet address before requesting withdrawal. The transaction is irreversible and can't be undone. You can change the wallet in the SETTINGS › My Account section. • Enter your Pin-Code. • Click on the WITHDRAWAL button. • Check status in the WITHDRAWAL section. The transaction will be processed automatically after confirmations within the Blockchain network. This can take a few minutes or hours. We cannot influence the speed of these confirmations.
Customer service is our highest priority. Therefore, if you need help, please contact us in your personal account (SUPPORT › Tickets section) .

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Bitfire mining - New Cloud Mining Site - 100GH/S Free - BTC / ETH / ZEC|2:51

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Best Crypto Mining Rigs, Rated and Reviewed for 2020.
Digital currency mining has become a popular way for tech-savvy individuals to generate a return in the digital currency markets. However, as mining difficulties increase and the market becomes more and more competitive, miners need to ensure that they have the best crypto mining rigs to maximize revenues.
Here is a look at the best mining rigs to help you choose which ones are right for you and your mining operation.
Should You Still Mine Digital Currencies in 2020?
Digital currency mining has had an incredible rollercoaster ride in the last 36 months. During the big bitcoin gold rush of late 2017, bitcoin and altcoin miners were making bank and mining hardware providers were barely able to keep up with demand.
In 2018, it all went downhill as digital asset prices tanked aggressively from their all-time highs. As a result, digital currency mining also became less profitable as the number of miners had grown substantially - and thus also the mining difficulty - but asset prices dropped and miners' profits started to erode.
In late 2018, the Bitcoin mining bear market peaked when bitcoin dropped below the $4,000 mark, at which points Bitcoin mining became no longer profitable for smaller mining operations that are not able to capitalize on the economies of scale from which its larger counterparts can benefit.
Going forward, digital currency mining profitability will be dependent on where the market will go next. If we see a rally again, miners will see profits again and more miners will (re)join the market.
Whether you want to start to mine digital currencies or not is entirely up to you. If you are only in it for the money, then it is probably best to wait for market prices to hit a level where mining makes sense (and cents) again.
However, if you want to learn about cryptocurrency networks, the blockchain, and how mining actually works, then you could start immediately with one of the more affordable miners and look at it more as an experiment than an investment venture.
Finally, it is important to remember that miners help to secure digital currency networks and, thus, play an integral role in the blockchain revolution. Therefore, you can also look at mining as your contribution to an industry that has the potential to change the world and increase the value of your portfolio along the way.
Related Articles:
If you want to learn more about digital currency mining and the new finance market, subscribe to the Bitcoin Market Journal newsletter and join the blockchain revolution today!
Best mining rigs and mining PCs for Bitcoin, Ethereum and more.
By Matt Hanson , Brian Turner 14 September 2020.
If you still fancy mining cryptocurrencies, these are the best pre-built rigs and PCs.
While some may argue that the cryptocurrency gold rush has tapered off a bit recently, there are still plenty of reasons why you'd want to buy the best mining rigs and mining PCs that money can buy.
If you invest wisely, it means you can still make a decent amount of money from mining, but which is best for you?
Before we get into our list of the best mining rigs and best mining PCs, we should explain some key differences between the two types of hardware.
The best mining PCs, are desktop computers that can also be used for other day-to-day tasks, such as working on and gaming. Meanwhile, mining rigs are specially-designed for one purpose only: to efficiently and effectively mine crypto currencies such as Bitcoin.
This means you won't be able to use a mining rig for other tasks, but it does mean you'll be getting the very best mining results thanks to the best mining rigs being designed to eke out the maximum return when running.
However, if you're weary of spending money on something that can only mine, then buying the best mining desktop PC is the way to go, as it means you're also getting a top PC to do other things with as well, though your mining returns won't be quite as good.
If you still want to build your own mining rig or PC, check out our guides on the best mining GPUs, best mining CPU, best mining motherboards and best mining SSDs to help you get started.
1. Shark Mini.
A great compact mining rig.
Graphics cards: 4 x AMD RX570/580 | Warranty: 90 days.
How to build a crypto mining rig in 2020 to earn Bitcoin and Ether.
Mining with home rigs is back, so here's what those interested need to know to put together their own rig at home.
In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income.
It is not surprising that countries experiencing difficult political and economic situations have witnessed a boom in the purchase of GPU cards in recent months. In the region of Abkhazia, where all crypto activities have been illegal since 2018, citizens spent more than $500,000 on mining equipment over a period of six months.
Another factor that has worked to further popularize mining is strong crypto prices. Bitcoin (BTC) has risen by almost a third, while Ether (ETH), the most popular currency for mining, has added $150 to its price and the decentralized frenzy has meant that gas fees have reached unprecedented levels.
So, here's how to design a cryptocurrency rig -- and an exploration of whether it needs to be done at all, given all the associated risks.

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Mining rig components.
A cryptocurrency mining rig consists of a computer that has many graphics cards but no monitor. Computer cases are filled with GPU cards, a power-generating unit, a motherboard and a cooling system. If a monitor is connected, it can become a regular computer where a user can open a browser or play their favorite video game.
The rig is connected to the internet, and thus, the blockchain network. The network operates by itself to conduct monetary transactions using the power of the graphics cards. To be more specific, a mining rig consists of:
An ordinary motherboard, which has the capability of linking to a number of connectors for GPU cards. A hard disk drive, or HDD, with 100 to 250 gigabytes of memory to house the cryptocurrency wallet, with an Ether wallet usually taking up 25 GB and a BTC wallet requiring 50 GB or more. Several GPU cards, which are the most important components in a rig because they are the base that defines the cryptocurrency that a user will mine, along with their future profit and its timeline. A power-generating unit. A rig with four GPUs often requires more than one power unit. Usually, miners have a few 750-watt units connected together. A power adapter for GPU cards. Video cards are connected to the motherboard using special extension cards called "risers." There are many different types and models of risers, but the PCI-E 1x version 006 is the most popular. A power switch. A cooling system, and it's preferable to have several coolers to provide additional airflow.
Another important detail is the frame for the rig. It is better to make a frame out of wood or aluminum. The size of the mining rig will be slightly larger than its frame due to protruding parts, adapters and a cooling system. For example, a seven-GPU rig will be approximately 21 inches wide (53 centimeters), 12 inches deep (30 centimeters) and 12 inches high (30 centimeters).
After purchasing all the components of the rig, it's time to design it, which is a rather easy task for a person who has experience with computer hardware. Additionally, there are plenty of guides on YouTube.
When a rig is ready, all that needs to be done is to install some software -- i.e., to choose a program for mining the currency of preference. Another way is to find a mining pool, which is a popular way to mine, as it's becoming harder to do so individually due to the rising complexity of crypto mining. There are also some tools available such as TeamViewer, for remote control, and WatchDog, which automatically restarts the system if the program freezes.

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Top GPU cards.
As a rule, one rig should include four to seven video cards -- it's a number that will not go beyond the framework of a stable operation, although there are exceptions. Miners can connect 10 to 15 GPU cards to one motherboard, but seven is the optimal number because Microsoft's Windows 10 operating system can detect only this number of cards. But there is a solution: specialized mining software based on the Linux kernel. In that case, the key is to choose the right motherboard, such as an ASRock Pro BTC+ series or similar.
Determining which GPU cards are best for mining is not so straightforward, as the answer depends only on the amount of money that the miner has. In general, it makes little sense to buy the most expensive, powerful GPUs for the price of two to three slightly weaker ones, as there is a greater chance the cheaper ones will bring more benefits due to their low power consumption and initial cost.
The highest income in mining is currently achieved with Nvidia GeForce RTX 2080 Ti and AMD Radeon VII cards, but it is more profitable to build a mining farm with AMD Radeon RX 580 and Nvidia GeForce GTX 1660 Super cards, as they will pay off much faster.
It should also be kept in mind that AMD RX series GPU cards can be flashed by changing the working time of the RAM, downvolting the core and overclocking. Programs such as MSI Afterburner and Sapphire TriXX can assist in making these manipulations, which will help GPU cards achieve maximum performance during the mining process.
Electricity in question.
In over 10 years, the mining industry has turned from something incomprehensible and rather cheap to a professional, high-tech venture that implies high barriers of entry, not only for the equipment but also for its maintenance.
After purchasing mining equipment, paying the cost of electricity during its operation becomes the main expense that directly affects profitability. The energy consumption of one mining rig consists of the following components:
GPU cards, depending on the power and mining algorithm, consume between 360 watts and 1500 watts for a rig of six to seven cards. The motherboard, power unit, HDD and RAM consume up to 100 watts. The cooling system uses from 20 watts to several kilowatts when using air conditioning systems.
So, how can a miner reduce the cost of electricity? The main consumers of electricity are the GPU cards, and with the right settings, electricity consumption during mining can be reduced significantly. For example, when mining Ether, the main thing is to overclock the video memory. The most optimal operating mode for GPU cards is setting the core voltage to about 830 to 850 millivolts for AMD cards and 650 to 850 millivolts for Nvidia cards. Lowering the voltage on the core of the card, in addition to reducing power consumption, decreases the amount of heat, which has a beneficial effect on the equipment.
Power-generating units can also use less power if they have a "gold" certificate, which means they save a large amount of electricity (about 15%) compared with power units that lack them. Another way is to change HDDs to solid-state drives, which will increase the speed of loading the operating system and reduce the power consumption of each rig by five to 15 watts. Furthermore, modern RAM (DDR4 or DDR3L instead of DDR3) and processors can reduce consumption by another 10 to 20 watts.
A miner can also reduce consumption through slightly more complicated ways too, such as finding more economical electricity tariffs -- for example, installing the rigs where there are reduced tariffs for consumers with electric stoves or electric heating and lower night-time prices. If possible, miners can even reach out to a power plant that generates electricity to find out if it has surplus capacity. Some miners can create their own solar or wind farms and use them for mining, but not everyone can afford such an investment.
Mining in the cloud.
Keeping in mind the unstable situation in the economy, some may want to join the crypto mining community but cannot due to the high initial costs associated. Here's where "hosted mining" can come into play, whereby cryptocurrencies are mined through a remote connection to equipment that has been rented out. Philip Salter, head of operations at Genesis Mining -- a hosted mining provider -- told Cointelegraph:
"Since mining is becoming more competitive, margins are shrinking and it's harder for home miners to compete. Miners need to get every drop of efficiency they can, and that means growing the operation (economies of scale) and doing it somewhere where electricity is insanely cheap. [. ] Mining in the cloud seems like the only viable option for many."
Hosted mining starts with a user choosing a provider of computational capacity. Then they enter into agreements with the company to connect to its equipment. After paying for computer capacity, miners are provided with access to remote mining of cryptocurrencies through rented equipment. So, users only need a computer and a fast internet connection to operate. Hosted mining commissions are charged in accordance with the agreements established between the parties.
This type of mining has a number of advantages, such as not requiring start-up capital, not needing to connect equipment by yourself, no costs of maintenance and electricity, the ability to disconnect from work at any time, and not needing special technical knowledge and skills.
There are also risks in cloud mining, primarily because, like any young industry, many rogue actors seek to take over the funds of ignorant users. So, when choosing a platform, users should spend time and carefully study its history and reviews.
Also, hosted mining brings in lower income compared with mining using one's own equipment. Nevertheless, this is a possible option for those who really want to get involved in mining because, in any case, no one will give up an opportunity for passive income, even if it's not too significant.
Build it on your own.
In summary, it can be said that today, mining seems to be an attractive way to make some income. If for some reason hosted mining is inconvenient, then setting up a personal rig is not too difficult. This will require an initial investment and a little time to figure out how the system operates.
Randy Ready, CEO and chief technology officer of Mining Rig Rentals -- a hardware mining rental platform -- believes that building your own system certainly is more interesting, adding: "I suggest going with a small rig and potentially going larger once you are familiar with mining and have a stable profit."
Disclaimer. Cointelegraph does not endorse any content of product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.
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Is Crypto Mining Getting Popular? Crypto Mining Rig and its Components? How to Build your Cryptocurrency Mining Rig Crucial Point to Keep in Mind Before Building a Crypto Rig Concluding Lines.

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