Not long ago, I reviewed one of the most popular cloud mining platforms around: Genesis Mining. I tried to establish whether it would be a profitable investment instead of just buying Bitcoins and holding them (aka hodling).
HashFlare allows you to buy three different types of cloud mining power (also known as Hashrate). Sha256 is used mainly for mining Bitcoin, Scrypt can be used for mining Litecoin, and ETHASH is used for mining Ethereum and Ethereum classic.
I had an account and mining contract with them from 2018 and mined some bitcoin but when the price of bitcoin dropped they blocked my access to any withdrawal. I communicated with them in that time for several times but no response at all. Their website is still online and even I could access to my account some month ago, but no withdraw or action I could do on my account. I wrote to their support again and my email bounced back.. they are big scammers and stole every ones money but no one could catch them or no legal action against them.If anyone here claims that they could contact them and someone there helped them then they are scam too.
Capitulation refers to a drastic market downturn characterized by a period of strong selling activity, whereby investors might sell their holdings at an unprecedented rate to avoid further financial losses. Capitulation is sometimes referred to as panic selling. An example of capitulation on a longer time-frame in the crypto market is selling that took place after the price of bitcoin (BTC) reached an all-time high (ATH) of $20,000 USD in December of 2017 and subsequently crashed to $6,500 three months later. Shorter capitulations may be followed by an uptrend reversal in value.
Filecoin is an open-source, cloud-based Decentralized Storage Network (DSN) built to maximize data storage and retrieval. The Filecoin network leverages a mining, storage, and retrieval mechanism that connects storage miners (providers) and retrieval miners (servers) with clients who pay to store and retrieve data. Network participants receive and send tokenized rewards in the form of Filecoin coins (FIL) for providing services on the network.
A mining farm is a physical location, often quite large, that stores many specialized computers that are designed to mine specific cryptocurrencies. The most commonly mined cryptocurrency is bitcoin (BTC), but mining farms for other crypto assets also exist. Mining farms are typically very expensive to launch because of the costs of their exorbitant electricity requirements, the ongoing maintenance of mining rigs, and extensive cooling systems. However, it is becoming more common for forms of renewable energy to power crypto mining farms to combat these inefficiencies. 2b1af7f3a8