ZeushHash Cloud Mining Review
ZeusMiner offers their cloudmining service “ZeusHash” that is surely one of the best in the business. Starting off as Bitcoin and Litecoin hardware vendors in partnership with GAW Miners and finally pivoting to cloud mining services in partnership with the likes of ROCKMINER, ASICMiner and XBTec, ZeusHash owns as 5% of the Bitcoin hashrate and 10% of the total Litecoin hashrate which is pretty impressive for a company that is barely a year old.00000
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Starting off as Bitcoin and Litecoin hardware vendors in partnership with GAW Miners and finally pivoting to cloud mining services in partnership with the likes of ROCKMINER, ASICMiner and XBTec, ZeusHash owns as 5% of the Bitcoin hashrate and 10% of the total Litecoin hashrate which is pretty impressive for a company that is barely a year old.
Company Background: ZeusHash announced their cloud mining services on 30th September 2014 and a few days later, in October they announced their partnership with ROCKMINER, ASICMiner and XBTec. Based in Hong Kong, ZeusHash have their mining servers in US, Europe and Asia. Buyers can specify how much hashing power thy need and its duration during purchase and they will automatically selects the nearest node. ZeusHash sold Scrypt and SHA-256 mining hardware for a long time and their service is backed by real hardware. This brings their trust ratings considerably higher than of the competition.
Value for Money: Customers are allocated full hashing power to their accounts from ZeusHash’s very own mining farms on their own hardware. Since they own their hardware and are notorious for their hardware, this makes ZeusHash’s cloud mining a little higher in terms of cost per GHS compared to similar Cloud Mining services that offers similar services at half the price. The minimum purchase price for ZeusHash is $0.579 for 1 GHS and $ 1.599 for 1MHS. They do have a tier based pricing model in place that can lower your pricing if you happen to purchase a minimum of 100 TH/S of contracts. Their maintenance fees is also one of the lowest. $0.057 per MHS per day for Batch I MHS Contract and as low as $0.0016 per GHS per day for Batch III GHS Contract.
Customer Support: ZeusHash has a very professional website having a neat FAQ section and a detailed YouTube video explaining the easy to use dashboard and account features. Their FAQ section answers the basic question like “What is hashing power?”, “How to order?” etc. but it would have been more appreciative if they answered more technical oriented FAQs like details of determining price, mathematical formulas and at least a contract pricing calculator. They only have email support listed on their website and do not provide phone support at all. Their presence on Bitcointalk is very little, although they have quite a number of fans on Litecointalk.
Payout Processing: The transaction fee for ZeusHash’s network is 0.0001 BTC per BTC withdrawal and 0.001 LTC per LTC withdrawal. Daily payout is displayed in your account’s “Balance Record” at 8am-9am (UTC+8) for the hashrate you order.
Security: ZeusHash supports Google Authenticator to make the user security a lot more secure. Google Authenticator is one of the most secure two-factor authentication method that almost everyone is familiar with and comfortable using. Their service is pretty reliable but recently there was an issue with their services due to an electrical failure on 17th March 2015 that has put their trust rating into question. Users were given the option to convert their contracts or they can default to their buyback program that pays far less than their customers originally invested.
Summary: ZeusHash is definitely one of the best in the cloud mining business and being backed by their very own hardware makes them a reliable solution. However there have been some issues with their service that has put their reliability and legitimacy into question. Their Maintenance fees is very competitive and their dashboard is innovative and user friendly. All in all, we will definitely recommend ZeusHash despite their minor setbacks.