![]() At the other end of the spectrum, you could get a 5-year contract for $6,125 with 25 TH/s. This sounds like a lot, but it's unlikely that you'd do much more than break even in 2 years on such a small plan. For example, as of 2019, Genesis offers a 2-year Bitcoin mining contract for $50, which gets you 1 TH/s (1 Tera hash per second, or 1,000,000,000,000 hashes per second). Prices vary anywhere from under $100 for smaller contracts to several thousand dollars for larger contracts with more mining power – expressed as the hash rate.You usually need at least 2 years to break even. While shorter contracts may carry a lower price tag, it's unlikely that you'll make any money in a shorter period of time. Contracts typically last from 1 to 3 years, although some last longer.While your contract is active, you get all the Bitcoin that is mined using that amount of mining power, minus fees paid to the cloud-mining service for maintenance of the mining hardware. Expert Reveals How Fake Supply Is Killing Your Bitcoin Gains Caitlin Long, the CEO and founder of Custodia Bank believes that paper Bitcoin is killing BTCs price gain by creating fake supply. ![]() With cloud-mining, you essentially lease mining power from a miner farm for a period of time. No cloud-mining service can guarantee you a particular rate of return, or guarantee that you'll break even or start turning a profit in a short amount of time. Be careful of a cloud-mining service that makes guarantees or claims that sound too good to be true.Websites such as CryptoCompare can also help you analyze company reputations. You can search the name of the service and see what people are saying online about it. Make sure the company is legitimate and has a good reputation. There have been numerous cloud-mining scams. 1.4.4 Algorithms and Security Principles Crypto techniques have improved. However, the most popular services with the best reputations also are frequently sold out of contracts. 1.4.3 Security Architectures There are various wireless systems' security. Genesis, Hashflare, and Minex are some of the more popular cloud-mining services.Each service charges different fees and has different contract packages available. There are a number of different cloud-mining service providers available, some of which are better established than others. Decide which cloud-mining service provider to use.
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