Cloudmining Review, Part 3: Everyday Use.

We’ve already covered some basics, which you can find in the first and second installments. Now, we present more about the pros and cons of the ten platforms in everyday use.

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Cloudmining Review, Part 3: Everyday Use.

CoinTelegraph is bringing you a serialized review of the most popular cloudmining providers available to see how they truly stack up, so readers thinking of becoming active in the space can make the most informed decision possible.

We’ve already covered some basics, which you can find in the first and second installments. Now, we present more about the pros and cons of the ten platforms in everyday use. Are they practical? How easy is it to access your hard-earned coins? Read on to find out more.

PB Mining

Orders

Only buy contracts are offered, with contracts running for 5 years.

Order tracking

The user account features separate tables for active and pending orders. All order details (creation date, hash rate, account balance, date and amount of last payout, total paid out, expiration date) are listed in the pane, allowing for simple navigation.

Payouts

Payments from mining contracts are settled weekly, with full details of amounts involved displayed in the active order table.

Order types and contract length:  2
Order tracking:          3
Tracking features:     4
Payouts:      3

 

 


 

Eobot

Orders

Only buy contracts are offered; contracts run indefinitely.

Order tracking

Details of orders can be found in the ‘history’ tab in the user account, but this is not immediately obvious. The layout of the account is unintuitive and cluttered, with no pointers as to where specific information may be retrieved.

Payouts

Conversely, Eobot offers manual payouts at any time, subject to minimum amount of 0.001BTC per transaction. The system is also publicly audited. Automated payouts are not possible.

Order types and contract length:  3
Order tracking:          3
Tracking features:     2
Payouts:      4

 

 

 

 

MineOnCloud

Orders

Only buy contracts are offered; these can either run for 1 day or 1 year.

Order tracking

Order details are neatly laid out in various headings accessible from the user account. Financial information is also present. Note that URLs for all pages are currently in French.

Payouts

Payment is subject to minimum transaction amount of 0.01BTC and is automated.

Order types and contract length:  4
Order tracking:          3
Tracking features:     3
Payouts:      5

 

 

 

 

CEX.IO

Orders

Orders are unlimited in length. Aside from buy and sell orders, CEX.IO offers GHS trading. The concept revolves around customers taking on ownership of CEX.IO’s mining equipment and profiting from its output before selling it on at a later date.

Order tracking

The user account provides a full history of orders broken down by currency and order type. The layout can be slightly untidy, but information is clearly displayed. Page loading was somewhat slow at the time of investigation.

Payouts

Payment is subject to minimum transaction amount of 0.01BTC. Customers are given the option of making one smaller withdrawal (minimum amount 0.0001BTC). 

Order types and contract length:  5
Order tracking:          5
Tracking features:     4
Payouts:      5


 

 

 

GroupBitcoin

Orders

Buy contracts only are provided, running for 1 year.

Order tracking

The tracking process is seamlessly integrated into the user account, with dropdown menus revealing all necessary information. Pages load very quickly and the interface is attractive, as noted previously.

Payouts

Payouts are made monthly.

Order types and contract length:  3
Order tracking:          3
Tracking features:     4
Payouts:      2


 

 

 

Genesis Mining

Orders

Buy contracts only are provided, running for 1 year.

Order tracking

Order details are available beneath an earnings graph in the ‘dashboard’ tab of the user account. Basic information is laid out in the standard manner with additional “earnings” chart (order creation date, start date, end date, hash rate, price, order status).

Payouts

Payouts are made daily.

Order types and contract length:  3
Order tracking:          3
Tracking features:     4
Payouts:      5


 

 

 

Cloudhashing

Orders

Buy contracts only are provided, running for 1 year.

Order tracking

The user account differentiates between order and contract details. Order information is presented in an overhead tab with all relevant details (order ID, creation date, payment status, approval status, completed, total and due date).

Payouts

Payouts are made daily.

Order types and contract length:  3
Order tracking:          3
Tracking features:     4
Payouts:      5


 

 

 

Pacific Hashing

Orders

Buy contracts only are provided, running for 1 day or 1 year.

Order tracking

Order information is available in a basic format, but as with the site’s layout in general, this is difficult to access and detailed information is not available.

Payouts

No information regarding exact payout terms has been confirmed by Pacific Hashing.

Order types and contract length:  4
Order tracking:          3
Tracking features:     2
Payouts:      N/A


 

 

 

Cointerra Mining

Orders

Buy contracts only are provided, running for 1 or 2 years.

Order tracking

Information regarding orders as well as a complete payout history is available on the ‘dashboard’ tab of the user account. All requisite information is presented in a continuous list format.

Payouts

Payouts are made weekly.

Order types and contract length:  3
Order tracking:          3
Tracking features:     3
Payouts:      3

 

 

 

 

The next and final installment in the series will cover investment advantages for long and short-term, as well as the value-for-money represented by each provider.

If you liked this review, you can find links to the previous editions at the head of the article. You may also like CoinTelegraph’s cryptocurrency exchange review series, details of which you may find here.

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