How To Mine Bitcoin At Home With Shamining

advertisement - scroll to continue

How To Mine Bitcoin At Home With Shamining

Mining Bitcoin is one-way investors earned profitable rewards asides from trading (buying and selling). Since the creation of Bitcoin in 2009, mining BTC and other mineable altcoins have raised increased revenue worldwide since January 2009.

Statistica

It’s known that mining cryptocurrency is an expensive endeavor especially if you’re purchasing a piece of mining hardware or setting up a rig yourself.

The truth is…

You do not need to go through all those hassles anymore especially if you’re just a beginner looking to explore other earning potentials in the crypto space.

The answer to fixing the crypto mining challenge is …” Cloud Mining”.

In a nutshell, Cloud mining is simply subscribing or buying a monthly or annual mining plan from large Bitcoin mining pools and they just do the mining for you and payout earnings daily, weekly, or monthly after deducting miner-maintenance fees.

What these plans offer are varying hashing rates (GH/s) and expected returns. For example, this is what a typical mining plan from Shamining looks like below.

advertisement

How To Mine Bitcoin At Home With Shamining

How To Mine Bitcoin At Home With Shamining
How To Mine Bitcoin At Home With Shamining

Visit Shamining

In this article, I will be explaining in detail how to mine Bitcoin at home.

Having reviewed a handful of cloud mining pools, I’ll highlight how to mine Bitcoin profitably at home with the Shamining cloud mining platform.

How To Mine Bitcoin At Home With Shamining

Key Takeaways

📌 Shamining is a cloud mining platform that provides Bitcoin mining services for investors who are willing to make profits through ways other than Bitcoin trading.

📌 Shamining serves as an alternative method of mining by using expensive pieces of equipment.

📌 Getting started on Shamining is straightforward as investors only need to follow a three-step procedure to begin mining their first Bitcoin.

advertisement - scroll to continue

📌 Bitcoin is the only mineable crypto on Shamining at the time of writing this piece.

Shamining Mining Contracts at a Glance

How To Mine Bitcoin At Home With Shamining

You get to choose a contract with Shamining to get started with a GPU or ASIC miner with mining rewards or profitability of over 143% with hashing rates starting from 23, 580 GH/s. To get a clearer view of expected returns on a progressive level, you can check out the mining calculator.

How To Mine Bitcoin At Home With Shamining

Shamining – Who Are They?

Shamining is a UK-based company offering cloud mining services to investors globally. The company has created a robust mining farm and allows investors with little or no technical knowledge to mine Bitcoin at very competitive mining plans.

The platform is secure with uptime of over 99% due to its three data centers, which are located in San Jose (California, USA), London (UK), and Capetown (South Africa).

The platform has already attracted over 8,000 investors, who are profiting daily and receiving their payouts. You can start mining Bitcoin on the platform with investments as low as $150, and the platform’s average earning multiplier is 1.43x.

How To Mine Bitcoin At Home With Shamining

Shamining although has a maximum cap per mining plan/contract of $20,000 with an expected annual return of $42,744 (over 100% returns). Register here to start mining Bitcoin.

How To Mine Bitcoin At Home With Shamining

Quick Steps to Getting Started with Shamining

Previously, it was only through acquiring complex mining hardware that one could mine Bitcoin (only HNIs could afford such), but now all that has changed…cloud mining programs such as that of Shamining is reasonably priced and rewarding as well.

To get started, all you need to do to mine Bitcoin with Shamining is to follow the steps below:

advertisement - scroll to continue

1. Register for an account and go through the verification process (it takes a few minutes).

How To Mine Bitcoin At Home With Shamining

2. Make a financial investment (minimum of $150) and rent a miner.

3. Calculate your income, monitor the trends and statistics, and then withdraw your money.

How To Mine Bitcoin At Home With Shamining

This method takes very little time, and you can begin mining immediately.

The Register button is found in the upper right corner, and the system requires that you provide your name, phone number, email address, password, and agree to the terms and conditions, privacy policy, and then confirm your registration by clicking the link in the email.

After completing the registration, you will then proceed to click the “Add miner” option, adjust the parameters to your preferred choice, and complete the procedure by paying for the contract.

How To Mine Bitcoin At Home With Shamining

Profitability on Shamining

Earning profitable rewards with Shamining is dependent on the type of cloud mining contract you choose, as the higher your contract, the higher your profit. Currently, three types of contracts are available on Shamining:

📌 CPU miners with 23,580 GH/s. This contract provides a profit of 143% and costs $0.0120 per 1 GH/s. The daily maintenance cost is $0.0108 per 1 GH/s.

📌 CPU miners with 94,340 GH/s. This contract provides a profit of 149% and costs $0.0113 per 1 GH/s. The daily maintenance cost is $0.0106 per 1 GH/s.

advertisement - scroll to continue

📌 ASIC miners have 235,849 GH/s. This contract provides a profit of 156% and costs $0.0109 per 1 GH/s. The daily maintenance cost is $0.0104 per 1 GH/s.

You can also arrange for a one-year customized contract of about 471,700 GH/s for yourself, tailored to meet your needs. All you need to do is contact the customer support on Shamining and they will get it done for you.

Some investors sometimes struggle to make a contract selection; hence, they have the option of making use of an income calculator offered on the website to find out how much they can make.

When it comes to withdrawals, the minimum you can withdraw is $10. Shamining offers quick withdrawals and accepts Visa, MasterCard, Bitcoin, Qiwi, and bank wire transfers for both deposits and withdrawals.

SEE ALSO: Top 10 Best Cloud Mining Plans For New Miners

SEE ALSO: 7 Best Cloud Mining Contracts for Lucrative Returns

advertisement - scroll to continue

SEE ALSO: Best 7 Mining GPU Graphics Cards To Consider

Customer Service

Naturally, the anxiety of making an investment and losing money leads many investors to seek help, which is why Shamining has a friendly customer support service that is available in English and German.

advertisement - scroll to continue

You can contact them at any time of the day as they are available 24/7 by email or through a live chat option located in the bottom right corner.

Urgent queries can be asked in a chatbox located on the website, while more severe concerns can be addressed to official office representatives via email at [email protected].

Security Regulation

Shamining is governed by the FCA (Financial Conduct Authority), as well as the CySEC (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investment Commission).

The FCA supervises financial services, businesses, and markets to ensure that customers are treated fairly.

CySEC, on the other hand, is a regulatory agency for the Cyprus financial industry that aspires to exercise efficient oversight and ensure investor protection as well as the flourishing growth of the securities market.

The ASIC is in charge of supervising financial services and ensuring fair, honest, and efficient operations through its licensing system.

Cons of Shamining

1. Shamining mines Bitcoin alone and has not included other mineable cryptos.

2. Does not offer PayPal payout or withdrawal options yet.

3. No blog section yet and a well-developed knowledge base section.

Get started with Shamining.

Frequently Asked Questions (FAQS)

Is Cloud Mining Risky?

Cloud mining can sometimes be risky as many of the services are not lucrative for the duration provided in the contract, and in certain situations, customers of these services may lose money in the long run.

Is Bitcoin Mining Legal?

Bitcoin mining is legal in countries where cryptocurrencies are not prohibited. Hence, if you live in a country where crypto is banned, then you would be carrying out illegal activity by mining Bitcoin.

Final Thoughts

Mining Bitcoin with Shamining is quite an easy process, as you do not have to do too much to get started.

advertisement - scroll to continue

advertisement

8 thoughts on “How To Mine Bitcoin At Home With Shamining

Leave a Reply

Your email address will not be published. Required fields are marked *