THIS IS A 2014 POST, MOST INFO IS OUTDATED, PLEASE BROWSE FOR OTHER POSTS ON THE TOPIC HERE.
Even tho there are decent companies this days selling ASICs like GAW Rk or KnC for scrypt/sha256 and of course you can get some GPUs [280x is the best in price vs power ratio] but sometimes you dont have enough cash for full rigs, or need them for shorter time etc. Then come services offerign you leasing of hashing power for some periods of time and i`ve choosen to review them today. This is NOT a comparison, each of them offers something different and may have uses in different situations. Choose ones that suit your. This is review from point of view from perons that wants to hire rigs not sell them – some of this services also allow selling hashes but this is not the case here.
Leaserig.net Review and Opinion (THIS SITE IS NOW DOWN!)
This is a perfect place to get both ASICs and GPU rigs with x11, x13, Sites works in a way – there are sellers, which you can check and then you get their rigs to work. So you do not buy exact hashpower but the hashpower that current rigs offer. Sites accepts payments in not only BTC but also LTC DOGE and credit cards. The owner of the system is a well-known member of Bitcointalk.org with decent rep. There is no problems with refunds or anything else since hes keeping initial deposits of all new rigs on Leaserig server. This is also one of the oldest GPU hiring rigs i can reckon. Other unusual thing is this system allows.. solo mining. Contracts from 1h up to 720.System is really easy to use – choose rig, click hire, put up pools and you are ready! OFFICIAL WEBSITE
Suggestions on using Leaserig: Perfect to be used for new coins to add yourself some initial hashing power, solo mining [even better], mining coins that are currently hot, lots of x11/x13 rigs
NiceHash Review and Information
Site offers leasing scrypt, sha256, x11, x13, x15, scrypt-a and keccak rigs. Since ordering hashrate might be tricky my suggestion is to open main page at 1 tab and order page on second. You should always put a bit higher price [by 0,01BTC] that is listed on main page to get your order fulfilled. Its really easy but some people may not realise this – now you are set 🙂 Sites main unique thing is that you can cancel ordering at any time. So if you choose wrong algo, coin stops beeing profitable, you change your mind – you just cancel. There are 2 ways of ordering too – you can limit how many hashes you want or you can get even all they have in a minute. You pay only for accepted shares – so all bad ones are not counted which also saves some cash. OFFICIAL NICEHASH SITE
Suggestions about using NiceHash: initial bump of hashpower on coin that was just announced, mining less popular algos (x15, keccak etc), mining currently hot coins
Genesis Mining Review and Usage
This guys show a concept i didnt expect at start. You hire hashing power for 1 year at a fixed price the nyou get access to panel where they add most profitable coins. Now depending on whats happening o nthe markets you can adjust %s of your hashes to go into multipools for BTC, DRK or any other coins you wish. You can mix up this %s and mine all coins together etc. Really nice and simple system. Pays every 24h straight to your pre-setup wallets. Check OFFICIAL GENESIS-MINING
Suggestions for users of Genesis-Mining.com : setup and forget mode as coins will be coming to your wallets daily for a year
Cex.io Review and Tricks
This is one of the most known systems yet most peopel dont fully understand it. Instead of making your BTC lay down in wallet you make them work for you – but this is not an set n forget mode. System works this way: you buy ghs with your BTC on their market – same moment you buy them 2 things happen – you start minign with this bought hashes to their pool [the most profitable pool i have to add!] and you make investment in ghs. So now you can either keep mining for some time or even sell at profit. The idea here is to buy hashes for about 24-48h and right away after buying to setup sell order at almost same price – little bit higher [you are mining with this hashes so you are making profit ever few minutes] or if you think the price will jump – more high. After 24h you check if orders are filled or not. The same way you setup some really cheap buys for hashes – if they drop for a second there – you take profit again. In some cases a good idea is to do the following chain: BTC->GHS->NMC->GHS->BTC. You wont even guess how often this is profitable 😉 VISIT CEXIO HERE
Suggestions for users of CexIO: Short term mining of the biggest and best BTC pool with buying and selling hashes for profit
GAWminers & zenCLOUD Review (THIS SERVICE IS DOWN NOW)
GAW are known miner sales that teamed up now with zencloud guys and offer decent cloud hosting service. Here is how itworks – you buy miner at their spot and host it. This way they take care of setup, electricity or other issues – you just choose one of their multipools [as the machine is set to mine multipools] and get BTC payout every day. The unique part here is you actually own the litecoin miner or the bitcoin asic so when you decide – the ywill ship it to you ie for winter to keep your home warm 🙂 VISIT GAWMINERS COMPANY
Suggestions for users of zenCLOUD @ GAWminers: mining most profitable coins 24/7, sell machine when you take profit and earn even more, scrypt and sha256 miners
Lunamine Review and Opinion – DO NOT USE THIS IS SCAM SERVICE
This company for now has only sha256 miners so Bitcoin. The interesting idea here is you hire the hashrate forever and they keep mining for you and paying on demand. Pay once hash till end of world, without wasting any time with setups, electricity and such. System is simple – get it setup and take profits in BTC whenver you want. Another cool thing is you can re-invest coins made to get more hash power – makes it kind of perpetum mobile this way esp when they add merged mining that is coming soon. Get discount from Lunamine scammers.
Suggestions for users of Lunamine: After they got enough clients they simply scammed everybod yrunning away with coins. DO NOT USE.
Resume of Rigs & Cloud Hiring Services
All sites shown here are fully legit, i got payment from them and they do work yet.. each is different and has different purposes. I was trying to give you main ideas as “suggestions” as usability yet i could have skipped some. Invest BTC wiesly but be sure all of this companies will give you what you paid for. If you want coin suggestions for *today* id choose:
HBN – scrypt, most profitable now and got many exchanges
SYS – scrypt, coming soon, but keep eye on it
CLOAK – x11, in-built exchange coming
They are tradeable on Bittrex n Cryptsy
Like the blog and want it ads free? DONATE SOMETHING, DO NOT BE GREEDY!
* BTC 197arptA1JLA3NvBz5ci2Ddm8ZhuvdEj38
* LTC Lcy9nsfJeSA5Rvu61xiXPKUH1VyV9hwupL
* DOGE DJcER4WrKUVyuECZCZ2vBWfK2E9d212jcQ
4 thoughts on “Cloud Hashing and Rig Renting Services Review”
You missed quite a few of the big services. Are you sure that you’ve been ‘into Bitcoin since 2010’? Most people I know who were truly into it back then are too rich to write or read a template blog these days.
Hard to take this seriously since you neglect to mention mining rig rentals, which is best by far….
@John mark I choosen services that differ between themselves i did not want to do comparison that is why there is why there are those. Ive never said i will list all existing ones.
@Karl Karlson for start read more of my thread/story than just Title for second – most people who were into BTC since start are not as rich as you think – but again, read it and imagien yourself in situation of buying BTC for 4$ then seeing it to get to 20$ and for 2 years to nowhere. And then one day you see it in 2013 for 200$. The post/story is not to brag its to show that early peopel actually didnt hold coins too long.