The company offers a secure and simple way to get computing power without having to buy hardware to mine cryptocurrency. It provides cryptocurrency solutions for everyday users and for agencies that want to get into mining cryptocurrency. But can’t afford to buy or set up mining machines, or that want to broaden their portfolio by using hashtoro.com’s platform. The company has their machines placed in different European centers, in countries convenient to the crypto industry. The company takes security at data processing centers seriously, so the exact location of the mining farms is not revealed (although in its brief it stated Norway and Finland).Moreover, Hashtoro continues to acquire hardware as fast as possible to maintain customer demand and aims for a record time in deployment. Their cloud mining service also allows clients 24/7 live coverage access to a portion of their hardware. So, customers can see some of the physical machines being used to mine their coins.
Why Should You Consider Cloud Mining?
For miners who don’t want to deal with buying and setting up machines or handling the waste heat, cloud mining is a wonderful solution. It’s quite difficult to set up a miner in your own apartment. Even a single S9 ASIC miner would heat it up so much that you would have to turn off the heat in the winter. Hooking up, say, 3-5 to miners would require over 5kW capacity, but a typical two-bedroom apartment doesn’t even get that much at the outlet.
In addition, the noise level would be so high that staying in the apartment would become unbearable. I think we will see more services offering cloud mining this year. To assemble a card-based farm, you have to have certain skills in assembling and setting up hardware. The most common option is to make a farm of six GTX1080 graphics cards. And prices for those graphics cards can vary significantly, from 550 to 1100 Euros. You would have to constantly monitor that kind of farm, worrying about keeping it cool and free of dust. These are some of the reasons that why should you choose a cloud to earn your coins.
Advantages Of Choosing Hashtoro
You can mine for Bitcoin and altcoins by using the cloud mining service immediately after payment. Clients receive daily payouts.
The service offers an easy-to-use withdrawal feature with a reinvestment option.
Detailed and easy-to-understand analytics, available on demand.
Their software is built on state-of-the-art machine learning algorithms and neural nets in order to maximize client profits.
The company is certified under the PCI-DSS standard. An efficient security protocol secure all the data.
How They are Different From Competitors
The company offers mining opportunities even to those with low budgets, as its platform has low barriers to entry. This is its primary advantage over competitors. You can start on their platform for 15 Euros. That is the minimum plan available. They usually buy up Bitmain equipment and spin it up. So, that gives them a hash rate increase of 10-20%.
Another advantage they have over competitors is low service fees and availability of unlimited contracts. As all other companies in the market do not have an unlimited contract feature and their prices are higher.
How Does Their Mining System work?
Actually, the company seeks out cheap spaces with 5MW hookups and higher (from that threshold and up, Finland has lower rates for electricity). Typically these are from bankrupt lumber-sector companies. In those cases, the cost of leasing space is very low. After signing the lease agreement, they hook up the wiring for their needs and sign a contract with the energy company. After that, they bring the equipment into the data center. They use the products they develop themselves to manage a large number of miners. A space with 5MW hookups lets us install about 3000 Bitmain S9 miners.
Which makes it possible for them to offer low service fees than the competitors. So, where other companies are offering 10 TH/s for 2800 Euros. Hashtoro provides you the same power rate at 550 Euros. Which consequently, allows you to purchase an annual contract for 100TH for just $6000. And with that much mining power, you can recoup your investment within one year.
A Powerful Monitoring Software
The company’s software is based on machine learning algorithms and neural net models. To help achieve the necessary pool and extract maximum profit. This allows you to maximize the income you can get from the hash rate you buy. The figures for the daily evaluations and income forecasts are always within reach. You can withdraw your cryptocurrency at any time using fast and easy-to-use tools, including an option to reinvest your income.
Its infrastructure is powered only by renewable energy, and the hot air made by mining is directed to heat pumps, while the hot water is pumped into the nearby heating system. Additionally, all the coins mined are transferred to cold storage and payouts are performed manually once a day. This way, no criminal can steal the Bitcoin mined by clients. Which makes Hashtoro, one of the most profitable and ecologically safe cloud services.