Cloud mining service provider, Hashing24 is relatively new on the scene, but things have been running smoothly so far. The company has a partnership with leading mining hardware and blockchain solutions company, BitFury. Hashing24’s website mentions BitFury to be one of its initial suppliers of mining power, and the company is said to have partnered with other mining companies as well to provide the required hashing power to its customers. This Hashing24 review will cover everything you need to know about the platform.
It is not clear whether the company has considered having its own mining farms and data centers as most of the mining power is said to be supplied by its partners with large-scale industrial data centers with the newest available technologies.
Hashing24 currently allows only Bitcoin mining and the company has official representation in three countries — Scotland, Thailand, and Ukraine.
The Bitfury partnership does help prove the legitimacy of Hashing24, however we believe more time is needed before the company can truly prove itself and stand beside industry giants with a proven track record that also offer cheaper contracts like Hashflare and Genesis Mining.
Going by the information available on the website, the company promoting Hashing24 is registered as Newstar LP, the UK, whose registration dates to 28, September 2015.
The incorporation certificate of the company lists another firm, Corporate Management LTD as the general partner. Since its incorporation, the company has been offering cloud mining services by sourcing the required mining power from BitFury and other players which could also include MinerGate.
Most of the mining power provided by Hashing24 comes from BitFury’s data centers in Iceland and Georgia. The company features on the homepage of BitFury’s website, confirming the legitimacy of its claims. Customers on the platform have access to data centers with hashing power as high as 200 Ph/s.
The company is also open to new partnerships as it looks forward to increasing the mining power offered to its customers. In order to become a partner, the company/individual should have working mining capacities of at least 10 Phash, either through long-term contracts with reputable data centers or have their own infrastructure.
#272 Bath Street,
Glasgow, G2 4JR,
Scotland, United Kingdom
Value for Money
At this stage Hashing24 only offers a Bitcoin cloud mining service. Hashing24 offers reasonably priced Bitcoin cloud mining contracts on the market. However, as the company is relatively new we recommend that potential customers exercise caution.
The total hashing power of each contract depends on the number of mining hosts one subscribes to. Each host provides users with access to 100 GH/s at the cost of $19.95, and there is no limit to the number of hosts a user can order. Apart from the one-time purchase of the hashing power, users are charged a small maintenance fee of $0.00033 per GH/s per day.
The whole registration process takes no more than a couple of minutes. After registration on the Hashing24 platform, users can purchase the required amount of hashing power and pay with Bitcoin, Visa, MasterCard or Maestro cards. The maintenance fee is deducted directly from the cryptocurrency mined using the contract.
Hashing24 leverages the mining infrastructure of reliable third parties like BitFury. Its reliability, combined with the team’s extensive experience in cryptocurrency mining ensures quality service to users. In spite of all these, Hashing24 has a good customer support team in place to assist users with their queries or any issues they might face on the platform.
Most of the general queries are already covered in the FAQ section. Other complaints/questions/issues can be reported to the platform’s customer support team by submitting a ticket in the support section of the website. The user can also make use of the chat option available at the bottom of the web page to interact with the support team.
Payouts and Payments
Hashing24 offers standard payment options to customers when it comes to purchasing the hashing power on its platform. Users can pay for the mining contracts with Bitcoin, credit and debit cards powered by Visa, MasterCard, and Maestro. Other options include OKPay and bank wire transfers.
Users of mining contracts on Hashing24 get their payouts credited to their relevant accounts on a daily basis. In every 24-hour interval, the Bitcoin balance from the previous day’s mining activity will be automatically credited to the user’s account. The user can choose to withdraw the balance to their wallet of choice by making use of the “Withdraw” tab.
The Bitcoin payouts offered by Hashing24 are freshly mined, with no transaction history associated with it. This seems to indicate Hashing24 is legitimately mining Bitcoin with its hardware.
The platform has all the right security certificates, and it offers standard security features, available across almost all the leading cryptocurrency platforms including 2FA support.
Hashing24 is still a very new cloud mining company, and with contracts more expensive than both industry giants Hashflare and Genesis Mining, it is hard to recommend Hashing24 at this time. We hope this Hashing24 review has helped you make an informed decision.
Disclaimer: CloudMiningReport does not provide any warranties towards the accuracy of the statements in the above Hashing24 review. It is your responsibility to conduct your own due diligence of the platform. Bitcoin cloud mining profitability depends on many factors such as the current and future Bitcoin exchange rate, future mining difficulty, and the reliability and security of the service used, including the risk of the service being hacked. As with Bitcoin and cryptocurrencies more generally, do not invest more than you can afford to lose.