What factors can affect Bitcoin network?

Bitcoin contracts vary from hourly to multiple years. The major factor that is unknown to both parties is the Bitcoin network difficulty and it drastically determines the profitability of the bitcoin cloud hashing contracts. Bitcoin network difficulty is a measure of how difficult it is to find a hash below a given target.


The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for shares.


The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks.

Is there an alternative to earning bitcoin by your own hardware?

There is an alternative if users want to invest in bitcoin mining without the hassle of managing hardware. Cloud mining is a good choice to earn the Bitcoin. Put very simply, cloud mining means using shared processing power run from remote data centers. One only needs a home computer for communications, optional local bitcoin wallets and so on. 


There are some reasons you might want to consider cloud mining, for example, there is no constantly humming fans, no added electricity costs, and no equipment to sell when mining ceases to be profitable, and so on.

Do cloud mining has any risk? How it make profit?

When engaging in any type of cryptocurrency mining there are risks, but profitability is possible if you make the right choices. Investors should only invest in cloud mining if they are comfortable with some certain risks.

What is the cloud mining advantage?

Getting started with bitcoin mining can be a difficult process for many. For example, you must consider things like the specific algorithm used by the Proof-of-Work cryptocurrency you want to mine. Additionally, bitcoin mining hardware can cost thousands or even tens of thousands of dollars.

Cryptocurrency Cloud Mining vs Hardware Mining - Which is More Profitable?

Whether investing in miner or investing in miner sharing services, both of them are a viable way to invest in blockchains, which are superior and inferior and vary from person to person. If simply calculate the price, some mining machines may be cheaper, but lots of hidden costs will occur.

Cloud-Mining Service

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  • No need to purchase hardware equipment
  • No logistics costs
  • No tariffs and other taxes
  • Quickly start mining
  • online, real-time tracing.
    24H continuous mining, professional maintenance to ensure stable and safe.
  • Easy to start and suit for everyone.
  • Reasonable electricity cost, professional mines, global pool services.
  • Eliminate noise troubles

Mining Machines (Compared)

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  • In addition to the mining machines, users need to purchase other equipment like power supplies, adapter, etc. which will increase the spending by 20% - 30%.
  • Need to pay for logistics costs, time cost increased.
  • International purchasers need to pay customs taxes, VAT fees and take the risk or return. Relative risk is unpredictable.
  • After a long time shipping, users need to be knowledgeable to set up the miner, and then start mining. 
  • Possibly facing the problem of machine failure and maintenance.
  • Need the users with skills in installation and debugging. For mining farm, the daily maintenance is also very labor-intensive.
  • High electricity cost.
  • Noise pollutions.


How much can a miner earn from mining Bitcoin?

Bitcoin are mined in units called 'blocks.' As of the time of writing, the reward for completing a block is 12.5 Bitcoin. In February of 2019, the price of Bitcoin was about $3,500 per Bitcoin, this means you'd earn (12.5 x 3,500) = $42,000.

What are Mining Pools?

Mining rewards are paid to the miner who discovers a solution to the puzzle first, and the probability that a participant will be the one to discover the solution is equal to the portion of the total mining power on the network. Participants with a small percentage of the mining power stand a very small chance of discovering the next block on their own. 


For instance, a mining card that one could purchase for a couple thousand dollars would represent less than 0.001% of the network's mining power. With such a small chance at finding the next block, it could be a long time before that miner finds a block, and the difficulty going up makes things even worse. 


The miner may never recoup their investment. The answer to this problem is mining pools. Mining pools are operated by third parties and coordinate groups of miners. By working together in a pool and sharing the payouts amongst participants, miners can get a steady flow of bitcoin starting the day they activate their miner.

Do cloud mining has any risk? How it make profit?

When engaging in any type of cryptocurrency mining there are risks, but profitability is possible if you make the right choices. Investors should only invest in cloud mining if they are comfortable with some certain risks.


When Bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. in 2016, this was halved to the current level of 12.5 BTC. In 2020 or so, the reward size will be halved again to 6.25 BTC.

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