CCG mining is becoming a go-to alternative to HashFlare and Genesis minging for cloud mining contracts.
What is CCG mining?
A relatively new cloud mining company. Their official address is CCG International LTD, 85 Great Portland Street, W1W 7LT London.
What is cloud mining?
Cloud mining is a system by which cryptocurrency mining is done in specialised data centres. These data centres, in turn, sell part of their processing power to their clients. In return, their clients earn a share of the cryptocurrency mined. The data centres of CCG mining are based in Poland.
It is possible to mine cryptocurrencies at home, but this requires specialised expertise such maintaining hardware and software and the management of the electricity cost and cooling systems.
See more info on cloud mining here: https://en.wikipedia.org/wiki/Cloud_mining
What coins is it possible to mine on CCG mining?
- Bitcoin
- Ethereum
- Zcash
- Lbry
- Monero
- Dash
- LiteCoin
It is possible to mine different cryptos at the same time.
Is it possible to make money with CCG mining?
It depends on two things. The first is the price of the cryptocurrency being mined and the second is the difficulty. CCG offers a profit calculator according to the latest prices. You can see this calculator on the left-hand side of your dashboard. At the bottom it shows the number of days it will take to make 100% ROI at today’s prices.
What is the difference between Hashflare and CCG mining?
Hashflare: BTC mining is for a 1 year period.
CCG mining: CCG mining is open-ended mining contract, meaning that this contract does not expire until the expenses are more than the revenue.
What is the difference between Genesis Mining and CCG mining?
Genesis mining does not currently offer open-ended Bitcoin mining when they do these are bought up at very short notice.
When are CCG payments made?
The minimum payment out is 0.002 BTC and this is done on the 15th of the month.
Conclusion
CCG mining has potential, it will get more credibility with time. Investing in a single cryptocurrency mining provider is risky, so spreading your mining contracts makes sense.
Do your own research on these three mining companies, before buying!
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