GigaHash began its cloud mining services in 2013 and is headquartered in Bulgaria. The website has a simple design but lacks information on the founder of the company itself. They will also not share the location of their mining farms for “security reasons”. Also, GigaHash does not have any social media presence. The lack of transparency is concerning in the crypto space. GigaHash claims to have the latest mining equipment to mine Bitcoins and altcoins. It is easy for users to start mining with their service, all they have to do is sign up to the website, deposit some Bitcoin and then choose the algorithm and contract they would like to purchase. Once the contract is purchased, the mining of coins begins straight away. The users can then choose from multiple pools to mine from with no restrictions as to which pool they would like to join. There is no expiration date applied to any contract with GigaHash. Gigahash also has a referral program where users can earn 5% in Bitcoin on successful referrals. Maintenance fees on GigaHash are straightforward. They depend on the type on the algorithm the users choose. Currently, there are only two options on the GigaHash website, with the other options being “sold out”. The fees for these options are as follows: ● Bitcoin SHA256 - 0.0007USD/GH/s/day ● Altcoin SCRYPT - 0.0125USD/MH/s/day Payouts of the contracts are daily. There is also no contract expiration. Users will receive daily payouts until profit from mining is less than maintenance fees and it drops to zero. If contract payout reaches zero for more than seven days, the contract is terminated.
check_circle Easy to use website and easy to set up mining contracts. check_circle Low maintenance fees. check_circle Freedom to choose any mining pools.
cancel Lack of transparency in relation to founder and location of mining facilities cancel The choice of mining contracts is limited