Cloud mining on Hashflaire

Bitcoin mining is a very lucrative and actually the number one in terms of payoff among other ways of earning from cryptocurrencies. However the process is capital intensive to set up as highlighted previously here. Cloud mining is a cheaper way to get into mining and in the post we will look at how to get started on  cloud mining with  hashflare .

In the blockchain the network is maintained by computer nodes that has a copy of the data e.g bitcoin software , these computers are known as miners. The miners do cryptographic mathematical computations to find the next block to be added to the blockchain network.

The miners are rewarded by the networks specific tokens, for example within the bitcoin network they are rewarded by bitcoins. The miners also get a share of the transaction fee that are charged to make a bitcoin transaction between one account and another.

Mining can either be hardware or cloud. In hardware  mining you set up the mining  equipment and are in control of the operations and maintainance , this is very expensive since the mining difficulty has increased today you need special super computers to do this not like in the earlier days of bitcoins when mining could be done from a personal laptop.

You can venture into crypto mining by signing up for a cloud mining contract with companies that offer the services. Through this you don’t have to worry about the costs of maintaining the hardware’s and high electricity bills , all this is on the company offering the service. You sign up and pay for your contract based on the hashrates. Istead of holding bitcoins for tgem to gain value you can sign up for a mining contract with HashFlare .

About

As from their official website

HashFlare is a new range of cloudmining services brought to you by the HashCoins team of cryptomining experts.

Our team has been involved with cryptocurrencies since the inception of Bitcoin and has over 3 years of experience in the field of mining cryptocurrencies.

Our goal is to make mining accessible to all users regardless of age, location, investment, technical nouse or experience. We want to give our customers an opportunity to try out cryptocurrency mining and earn Bitcoin as a reward. On a larger scale, we hope to contribute to the development of mining services and subsequently to the development, establishment and adoption of Bitcoin both as a currency and as an economic system.

Cloud mining offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware.

Most cloud mining companies have offers that are on demand and most contracts are usually out of stock due to their high demand. Hashflare offers various cloud mining packages you may be interested in with affordable minimum fees.

You can select from a number of cryptos to mine including; Bitcoin, Litecoin, dash,Zcash and Ethereum .

Here is how the mining process looks from a back end ;

First you need to sign up and an account, you can do this from here (click to open in new tab)

Once you register an email will be sent to your email address to activate your account.

Once you log in you will have an interface that looks like the screenshot below;

From the dashboard you can view the balances of your mining contracts and the daily transactions of crypto’s reserved for your mining package.

Buy a mining Contract

Once you have logged in to your account you can chose from the available options: Litecoin, dash,Zcash and Ethereum . Then confirm the amount you want to invest in , the amount is very affordable but you need to know that the earnings are like proportional to your investment, the high the amount the high the returns may be.

slide the gauge to determine them amount to invest in both in fiat and bitcoins

After setting the amount you wish to invest you can click on the green button to proceed with your order.

An invoice  will be generated for you. The invoice contains the order details and amount you are supposed to pay, if you have a coupon code you can use it to claim a discount on your order amount.

To pay for the order there are various payment methods you can use to pay for including; bitcoins , Credit Card and Payer . Once you pay for the order and they will email you a receipt for the order

Mining Proceeds

Every day mining proceeds will reflect in your dashboard, the coins are accumulated in the wallet balance you have signed up a contract to mine and you can actually use that balance to buy more mining contract. Based on the previous data and depending on factors such as the mining difficulty the system can predict your income by weekly monthly and even annually.

You can withdrawal the mining coins to a exchange or trading site and liquidate them for cash.

Hashflare is a good bet for clound ming , you can join and start mining cryptos while you sleep.

Hashflare telegram channel, this shows its a great company with many investors and subscribers.

You can follow them to receive discount codes to sign up for a mining contract. These codes reduce amount to pay on check out

If you are looking at reaping more from cryptocurrencies then mining is he best since you earn some coins on daily basis , rather than hold a coin and wait for it to gain value invest in cloud mining and earn more on the coins daily, there are numerous ways you can gain from cryptos that’s why you should subscribe as a premium member on our site to get updated.