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Then maybe, despite the proliferation of scammers, Litecoin cloud mining is something you are still considering. He listens for the sound of bull hooves. Of the legit Litecoin cloud mining contracts available on the market today, we have vetted a few to find out if any are currently offering a whisper of profitability. All statements are made based on the value of Litecoin at the time of writing.
Genesis and Hashflare are two of the most popular and recommended cloud mining contract providers. Genesis has a visible team, who are active within the community. Hashflare has been around a few years and came under fire earlier this year for shutting down their SHA mining operations because of the lack of profitability in Bitcoin. We are not saying we recommend either of these companies, but we do believe that neither of them is a scam outfit.
Their contract model is that they allow you to buy hash rate from their own mining rigs, based on a fixed payment for a defined period. Neither are currently offering access to their Litecoin cloud mining contracts. This is most likely because of the current profitability levels, although the websites refer to them as being out of stock.
A current screenshot from the Hashflare contract pricing page. It is worth pointing out that cloud mining contracts usually have clauses that allow them to stop mining operations if the maintenance costs exceed the value of the mining contract you are paying. If this happens, you cannot claim back any of your lost payments, even if mining ceases for a prolonged period. This is the case even for those Litecoin cloud mining contracts that we have listed here.
Hashflare has done this in the past, to howls of outrage from their users. Hashnest owned by Bitmain offers you the opportunity of buying your own Scrypt ASIC, which it will then take custody of, and run at one of its own datacentres. Currently, it is also not offering that service. Again, this is most likely to be driven by the current value of Litecoin. Based on the proliferation of scams and levels of profitability, we cannot in good conscience recommend Litecoin cloud mining at this time.
If the market swings and the value of Litecoin shoots up like at the end of , that may change. As things stand, you would get better returns by shoving your funds into an everyday banking savings account. Cosmos is a decentralized blockchain ecosystem in which developers can build their blockchain into a network of…. While the mainstream has yet to…. Sarah ran away from a corporate job so she could travel the world.
If you liked video - share it:. Next Zcash Cloud Mining. Prev Dogecoin Cloud Mining. Like this post? Please share to your friends:. Mineable Coins 0. To start mining Chia you need to install the chia-blockchain, follow the instructions according. Leave a Reply Cancel reply.
Fewer coins available can translate to a higher value for each coin. Litecoin has This program can mine for litecoin, bitcoin, and a variety of other. In fact, Professor Milton Friedman, who earned a Nobel Prize in economics, remarked in that “I think the internet is going to be one of the major forces. Cloud Mining · Bitcoin Bitcoin Price · Buy Bitcoin Hardware Wallet - Store Your Bitcoins Safe Cloud Mining, Bitcoin Wallet, Party Service.