I can see Hashing24.com as one quality looking website, which provides ample information to get you started with mining. They aim to make cryptocurrency mining at an industry level, accessible to everyone. They do so by providing turnkey renting options from the biggest data centers around the world for cryptocurrency mining. The way to go about on this platform is pretty straightforward. You just have to create an account, pick the desired hash power, make payment for the mining contract and that’s it. The rest will be taken care of by the huge data centers designed for mining cryptocurrency coins. It may seem pretty easy from the outside, but there are a lot of factors that need to be taken into consideration in order to stay clear from various scams and frauds lurking around. By going through the multiple aspects of Hashing24, a user will be in a better position to make the right decision.

Let me start with a little overview and history of the company.

Hashing24 began their journey in 2012, a good sign, indicating that they are experienced campaigners in a world which itself isn’t very old. They came up with their website in 2016, and have grown further ever since. The company claims to work alongside leaders of the industry, an example of which is their supplier for mining power, BitFury, a well-established entity. In a more technical sense, Hashing 24 is a provider of cloud mining contracts, which is another way of saying that they offer hosting services, thus mining Bitcoins through remotely set up data centers. You, as a user, get to purchase CPU power from a data center, and the company does the mining work for you, using their hardware and equipment.  

Hashing24 has its key offices in countries like Ukraine, Scotland, and Thailand. The registration of the company is done in the UK, in the name of Newstar LP. Company Management LTD is listed as general partners of Hashing24. Simultaneously, this company is also a general partner of BitFury, as per their website. I must say, this brings strong credentials for Hashing24, with BitFury being a leader company in various blockchain solutions, including manufacturing of mining hardware, and Blockchain Alliance lists them as its member, something worthy of being mentioned.  

To start with, Hashing24 gives the option to the user to test the platform through demos. This gives the flexibility to a user to forecast potential profits without having to commit to a particular Bitcoin contract, thus getting an idea of how cloud mining works and what are the concepts involved in it. Once the registration part is done, as a user you become eligible to sign up for up to three years with Bitcoin contracts. The auction feature of Hashing24 is there to cover you, in the event of contracts getting sold out. With this, the user gets to the option of hash power bidding from the already present customers. The process is rather simple and involves the following steps –

• Registration
• Selecting your mining contract
• Proceeding with the payment
• Receiving regular payouts, once the order is processed and mining is completed

Next comes understanding the mining contracts and how to pick one.

There are a couple of things one must know about Hashing24 one most know beforehand. First is that they deal only in Bitcoins, and the other is that one can only purchase coins that are newly mined. The users have the option of verifying the transaction using any stand block explorer.

A Hashing24 user can customize the plan by spending a certain fixed amount, which might be small or by renting hashing power of an exact amount. What this means is that users can choose from a large pool of contracts, depending on his/her preferences. With a simple click on a search engine, one can find sample contracts, which can be used for comparison with mining services operating on a cloud-scale. Using the profitability calculator for Bitcoins, users can judge their readiness for generating Bitcoins, The moment one does, the benefits of daily payouts can be enjoyed. The minimum value a user has to buy is 100 Gh/s and it can go up to a maximum of 1 million Gh/s. As a standard practice followed by almost all cloud mining companies, Hashing24 also charges maintenance fees that depend upon the amount of hash power. The differentiating factor between Hashing24 and other cloud-based mining companies is that Hashing24 offers contracts that are open-ended. What this means that there isn’t a time limit, you stay with the contract till the time it’s yielding profitability for you.

The whole process of registration can be taken care of within minutes. You can do it with an email address, the whole process can be further sped up by linking the Hashing24 account with Facebook or Google, from where it will directly fetch the data. For wallets, the process is almost the same. Either you can link your existing Bitcoin wallet or if you do not own one, there is the option of creating a fresh wallet while registration. Once registered, the next step is selecting the right amount of hash power you are willing to buy. As mentioned already, the mining you must go for is 100 Gh/s.

Once you are done with purchasing the services of Hashing24, it’s time to reap the benefits which come daily, sourced straight out of the equipment of BitFury, placed in data centers. The system begins mining at midnight UTC, automatically, without any scope of delay. A user can buy open-ended contracts for BTC mining, from existing users by undergoing an auction. As a rule of thumb, the mining contracts are sold somewhat between +8% and -20% from a value that might be fair as per market standards. Another key difference one will notice here with Hashing24 is that they use BTC as a currency in the auction and not USD, which also means the cheaper the BTC at any given moment, the better deal a user gets.

Almost all the standard payment methods are available for the user when buying hashing power. They include Visa, Maestro, MasterCard, other debit cards, and Bitcoin. A lot of users prefer Bitcoin over others as they prove to be the cheapest, having no fees involved, except the nominal miner

Lots are used to measure mining power, each costing a total of 0.125 Bitcoins for 1000 Gh/s. Compared to other platforms, the payout here is on the higher side. Irrespective of the way the mining contract is purchased, the flat fee of 0.00033 USD for 1 Gh/s for one day will be applicable.

As it is the case with all mining operations, accurate prediction is almost impossible, with so many factors like the nature of blocks, allocated rewards, etc involved, changing from user to user.   

Overall, Hashing24 is a reliable platform for cloud cryptocurrency mining, having stayed clear of scams for years. In terms of safety, multiple mechanisms and tools are put in place to ensure a user deals in a highly secure environment. In terms of support, Hashing24 is always there at your service through their FAQs and chat options, to guide you at a stage that may seem difficult or unclear. Hashing24 is indeed a trustworthy platform for mining Bitcoins through cloud contracts.