About Hashing24

Hashing24 offers bitcoin mining without buying any equipment. Instead of it you are buying mining hashpower from our industrial mining equipment supplier BitFury with its data centers located in Iceland and Georgia.

Hashing24 was made by professionals for individuals who want to get involved in bitcoin mining. We believe that everyone should benefit from the mining and be able to have access the newest technologies and large scale industrial data centers from your laptop or mobile phone.

Hashing24.com claims to be a Bitcoin Mining Company. The company claims to have been involved with bitcoin cloud mining as far back as 2012.

Recently, the company has decided to allow general members of the public to participate in its bitcoin mining operations by selling them hashing power.

One reason we are even willing to write about Hashing24 is because they are listed as a partner on BitFury’s website.

BitFury can be trusted, as it has received venture capital backing from quite a few big names. BitFury is also part of the Blockchain Alliance, which helps law enforcement with blockchain investigations.

How Does Hashing24 Work?

The process of mining bitcoin with Hashing24 is simple. You create an account with the company at their website. Once you have created an account, you click on the ‘New Contract’ tab to buy hashing power.

It’s pretty quick and easy. As soon as we receive a payment for your order, your contract will be added to your profile. Your order consists of two parts:

• one-time payment (not deposit) for allocation of ordered power (min order is 100 GH/s, and you can make several orders)
• a daily maintenance fee for the equipment maintenance and its power supply

When you are paying one-time payment, you are receiving hashpower according to your contract terms and duration. You will also pay an everyday maintenance fee. This cost is paid in USD, and deducted automatically  from the mined volume of BTC, using current exchange rate BTC/USD. Thus, everyday cost for the maintenance in BTC depends on the exchange rate BTC/USD. If you don’t have enough balance during three days to cover your daily maintenance fee, the mining contract and service will be canceled.

Data Centers

Hashing24 do not host their own or mining facilities or servers, instead, they choose the most reliable and reputable mining companies to serve their mining needs. They ensure the companies they use offer warranties for their equipment and its maintenance. Hashing24 is using BitFury, one of the industry’s leaders in mining power.

Pricing and Contracts

Unlike other cloud mining companies, Hashing24 offers open-ended contracts for you to make an investment in. This means there is no time limit until its up, it’s yours forever, as long as it remains profitable. This is a great alternative to buying digital currencies. The lifetime contracts incur and daily maintenance fee of 0.00033 USD. If your contract does not make enough to cover the maintenance fee, you will have three days in order for it to become profitable again. If this does not happen, your contract will be cancelled.

Bitcoin Contracts

Hashing24 do not offer set contracts. The hashing power and the payment method you pick are up to you. We’ve made some example contracts that are comparable to other cloud mining services, for reference. Of course, the hashing power, and ultimately the profitability of the set up you choose, is up to you.

Check out our bitcoin profitability calculator to see if you can start making money mining bitcoins.Cryptocurrencies Offered

Payouts

As soon as you start making some currency, payouts from Hashing24 are daily. The minimum payout is 0.001 BTC.

Is it a scam?

We hear this question a lot, is it legit? Is it a ponzi scheme? Can they be trusted? Hashing24 are backed BitFury. BitFury just became part of The Blockchain Alliance, an organization designed to combat criminal activity on the blockchain. They also allow you to demo their product before you pay any money at all.

Security

The Hashing24 website has an SSL certificate (https), meaning all communication between your browser and the website are encrypted. Hashing24 offer users two step authentication on their accounts, adding an extra step of security when you’re logged in to the site. For more information on two-factor authentication, visit Hash24 frequently asked questions.

Conclusion

It is advisable to start today on Hashing24.com. However, remember to trade with your spare money alone since you are not the one in total control of the funds. It is reasonable to be cautious when giving other people your funds to manage on your behalf.

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