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gigahash Archives - CryptoNoob - Bitcoin, Ethereum, Mining and Passive Income

Crypterra cloud mining – UPDATE

By | CryptoNoob

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Well so far so good with Crypterra.  I’m still treating this company as medium risk due to the fact there’s still no evidence of actual mining equipment and charging no maintenance fees.

As you can see above I have mined a total of 202.47 dollars worth of Bitcoin. Take note these numbers change when the value of Bitcoin increases or decreases in value in real time. So tomorrow if Bitcoin shoots up it would be near $250.

No problems what so ever with withdraws, still takes between 6 and 12 hours to receive the payments and this is because they bulk everyone’s withdraws in 1 transaction saving on fee’s and helping with the blockchain congestion.

Even thought Crypterra’s support is absolutely terrible they seem to be making upgrades and helping things remain smooth.  That said I am really looking forward to February and I hope we get to see photos and videos of their actual mining equipment.  This will help the company massively and become transparent like they said they would.

https://crypterra.net/?code=CR6328

Genesis Mining VS Galaxy/Dragon Mining

By | Cloud Mining, Investments

Which is better?  Both have their own strengths and weaknesses but if I had to say stick $10,000 on a mining platform I would probably say Genesis Mining if you can get hold of one that is, here’s why.

Genesis Mining has been in the business for years, they have the experience, the trust and they have always delivered!  Galaxy Mining aka Dragon Mining has only been short term but the owners have had other businesses in the past.  I’m not going to detail all the history, you can do the research yourself.

As you can see above I have done a comparison graph between the two mining companies and its quite clear that Genesis rewards you a lot more.  But don’t forget as bitcoin slowly becomes difficult to mine over the coming months/years your payments from Genesis will slowly decrease until a point where it wont make any money and the contract itself will just cease if you don’t invest more money into buying more power.  Galaxy/Dragon mining will increase in payments if you compound your earnings into mining power and take a little withdraw per day, automatically.

Who would you go for?  Short Term (Genesis) or Long Term (Galaxy/Dragon).  Does the high payments from Genesis out weigh the peanuts your getting from Galaxy/Dragon Mining? Or would you invest once into Galaxy/Dragon to give you small payments but over years? Or invest in both?

Lets say they both have 3 year contracts, genesis will give you $7200 and Galaxy/Dragon will give you $3,960, of course this would mean bitcoin mining difficulty wont change or the price of bitcoin, which is highly unlikely.  But it just goes to show how much reward your actually getting from Genesis as suppose to Galaxy/Dragon.

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YOUR MINING WILL START IN 12 DAYS FROM TIME OF PURCHASE!

Start mining bitcoin today! From £20 (One off payment, Lasts 3 Years)

By | Cloud Mining, Investments

As you can see from the picture above, my level 3 bitcoin mining contract is doing very well, automatically reinvesting in more mining power (GigaHash) per day!  I’m going to leave it for a few months to build up my mining power and then ill start withdrawing bitcoin to my wallet.  Maybe 90% reinvest then 10% in wallet.  In the next 20 hours I will have a level 2 bitcoin mining contract that will go live, which will give me even more power per day.  This is by far the best platform to mine bitcoin today until Genesis Mining have bitcoin mining contracts back in stock!

 

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