Let’s be honest – getting into Bitcoin mining can be costly. In fact, quite costly. Both in terms of hardware and electricity costs. Unfortunately, most can’t afford to build their own mining rig early on and their computers are just not good enough since long ago. Moreover, Bitcoin cloud mining services can also be costly for some, especially given the shadiness of various mining operations.
Thankfully, you don’t have to go through any that – all thanks to Hashmart!
Despite launching during a moment of heavy and unfavorable market volatility, Hashmart – a cloud Bitcoin mining service – has continuously grown ever since to become one of, if not the only trust-worthy, legal and transparent existing website that provides you with the opportunity to purchase affordable open-ended mining contracts.
Breaking the high cryptocurrency entry barriers
Purchasing your own mining gear can get very expensive, very quickly. Depending on your country, the electricity might also be very expensive, making your desire to start your own mining operations even less likely to happen. In some cases, you would even be losing money once you do the math at the end. This is precisely why cloud mining operations were set up – to help exactly people like us, who are unable to begin mining using their own gigs.
But cloud mining companies are daunted by other issues that might scare users even more. Whether it is due to the high prices and unimaginable service fees, or the lack of transparency – cloud mining companies are thought of mostly as a scam.
Others, such as HashFlare, have had extremely high requirements for funds withdrawals. In 2018, during the cryptocurrency price crash, the service started offering withdrawals only to people who had at least 0.2 — something that many users couldn’t reach until the end of their contract,