Cryptominingfarm Review – How to buy the virtual cloud mining hash rate
Hello, today I will introduce the site to earn money named Cryptominingfarm. Turn your buck into profit. A thing you need is to buy the mining power and get ready to take a profit to the rocket sky.
The steady return on investment every day, like a passive income. Good news, no need to know advance knowledge about it.
I will try to use common terminology for people or beginners to read as easy as possible. And try to cover the most in everything you may be wondering. To invest in Cryptominingfarm (virtual cloud mining) as the best perform.
I want you to intend to read and understand in the calculation part of this articles. It’s very important for the investment and I confirm that it is not difficult to learn than your try.
Hey, let’s take a look at the table of contents. For the beginner require to read the whole article.
Last year, you may have heard of Bitcoin or cryptocurrency. There are three main approaches to profitability.
1. Buy, sell or trade in the marketplace
Trading cryptocurrency in the marketplace similar to trade forex. Buy Low Sell High. Nowadays, there are many popular trading websites. Bx.in.th is the popular trading site in Thailand.
2. Crypto Mining
Crypto use Blockchain Technology. The purpose was created to decentralize model no need centralize model like a bank. I will explain the centralized model for example when you deposit at the bank and if the bank policy or fee changes, they can manipulate or take action to our bank account directly. There may be interference from the bureau of internal revenue, etc. Those called centralize model.
But crypto makes it different. It is a decentralized means no one can control or be the owner of the decentralized system model. This model is driven by volunteer’s computers around the world. The main duty of them is processing the crypto transaction automatically by using the intelligent program.
For the security, If you are concern about this, I will make you sure that cryptocurrency is hard to hack. Every transaction relates to transfer will be kept on all computer around the world. Hacker must hack all computers to complete at the same time to reach their goal.
But doing like that seem impossible because there are a lot of computers out there in this world. Although hacker can hack one computer, there are also other computers still having those transactions. Let say they must have the ultra-high-speed computer. Maybe wait a hundred more years. Of course, 2018 is not yet possible to hack.
The computer that process transactions called mining. People have installed a crypto program then run it all the day to process transactions that occur from around the world and be rewarded from the complete transaction fee.
People are fascinated about making money from blockchain technology for the reason that it’s easy to just invest, buy a computer, and wait for money.
- be own miner hardware. you have purchased your own computer hardware and run it.
- Invest in cloud mining. To rent the processing power from the big guy who buys a ton of hardware similar farming, the advantage is simple, just pay and wait for profits. The disadvantage is that the profit is less than be own miner hardware.
How to make a lot of money? You have to buy a lot of computer hardware to get more processing power to gain more profits. That’s the mining idea.
3. Initial Coin Offering (ICO)
The terms of crypto coins are not only Bitcoin, but they also have the Etereum (ETH) or Litecoin (LTC) etc. These are the major coins that are called the main currencies which have a high demand and very popular in the market, but the ICO refers to a new type of coin that just first launches into the market. If we need to buy them, we should have the knowledge, read their goal, the purpose of them from their offering document. Then you have to decide whether to buy or to leave them.
The best advantage of IOC is to buy at the lowest price. (a pre-launch period) If a coin maker can do marketing, spread the word and appeal a lot of investors, the future of the coin may be shine. Coin prices will be higher because of high demand
What is Cryptominingfarm?
From the basic knowledge on the previous topic, let us know that there are three main approaches to profitability in the Crypto market, but Cryptomining farm is a bit different from the standard mining. The principle is to work as mining but no hardware, no computer, no difficulty value. We can make more profit from buying the hash power (processing power). There is a specific term for this is a virtual mining (Similar to the real mining)
The hash power that people bought. Cryptominingfarm managed them to get profit and pay to all investors. That’s not what we have to do. We are only responsible for buying hash power and waiting for returns.
Client buys processing power and Cryptominingfarm will manage the money. The opportunity to invest and take high profit and reinvest is yours now. In the Cryptominingfarm Virtual mining, you can do the similar things including all actions as the real cloud mining. Just pay and take profit.
The return on investment is fixed. You can see the rate at the Buying Section on their website. For example, you buy a minimum of 1000 GHS (GHS is the hash power unit) then the system will calculate the amount payable to you at 0.9 USDT. (USDT is a tether coin. The value is quite close to the US Dollar.) ROI around 10% – 30% approximately. We can choose the type of payment later if you want to change from USDT to another type e.g. BTC, ETH
(This article was translated from the original Thai.)
The above picture will be USDT for the estimate daily earning.
The USDT is Tether coin. It is not US Dollar. If you want to see the exchange rate of Tether Coin to USD please click on this link.
I put 0.9 USDT that is my estimate earning to see into US dollar unit.
It shows that the money received daily is about 0.954 USD. (July 19, 2018)
And if we buy 1,000 GHS, we will have to pay for it at 0.008540 BTC (53.59 USD)
How to calculate a return on investment?
If I buy 1,000 GHS for a period of 3 months, I have to pay 0.008540 BTC ($53.59) to get 0.9 USDT a day for 90 days. Break-even point will be around 2 months when the contract is up to return about 30%.
- Income 0.9 USDT x 90 days = 81 USDT
- Income – Cost = 81 USDT – 53.59 USD = 81 USD – 53.59 USD = 27.371363 USD
- ROI 81 / 53.59 = 1.5114 Or 51.14% per 3 months. Not bad.
- So if we invest more money, we can get more profit. 3 month is too short, low risk.
(1 USDT = 1 USD approximately)
How do we calculate the break-even date? The day we got all the money back and the rest is profit.
- Break-even in … days = Investment Cost / Daily Income (rounding up)
- Break-even in … days = 53.59 USD / 0.9 = 59.54 (60 days)
Profit calculation is not difficult. Suppose if we choose a 3-month plan, multiply by 30 days = 90 days (converted to the number of days before). From the formula to calculate the break-even date in the previous section, Let’s see the calculation below.
- Amount of days earned = All day in the contract – Break-even in … days
- Amount of days earned = 90 – 60 = 30 days
- Profit = Amount of days earned x Profit per day
- Profit = 30 days x 0.9 USDT = 27 USDT
Let’s say It is easy to invest $53.59 for 1000GHS to take a profit of 27 USDT
The calculation of returns % which we have earned by investing. See the formula below.
- ROI = (Amount of days earned x All Days in Contract) / Cost
- ROI = (0.9 USDT x 90 Days) / 53.59 USD = 1.5114
- After that take away 1 Remaining 0.5114 x 100 = 51.14%
Planning your investment
For the investment plan, before starting to calculate the proper plan for myself, I recommend
- Set a budget to invest and decide on the risk you afford in the BTC unit. (BTC) Use Google to convert unit USD to BTC.
- Use Buying Section in Cryptominingfarm website to calculate the investment plan
For example, I have $250. I want to invest and I go to the google link above to convert from $250 to 0.04 BTC. Then login to the Buying Section to buy the hash power.
See the picture below. In the cryptominingfarm.io website, you have to click on the menu ‘Buy’ and try to slide the horizontal scroll bar to see the daily earning relate to your investment cost.
Investments can be made at a minimum of 20 GHS and up to 100,000 GHS per time to buy. We can buy many times The return on investment is different. If you invest less, the return is less. High-Risk High-Return. See below.
- 3-Month Plan ROI 10% to 30% (1000GHS to 100,000GHS)
- 6-Month Plan ROI 10% to 70% (1000GHS to 100,000GHS)
- 1-Year Plan ROI 10% to 160% (1000GHS to 100,000 GHS)
- 3-Year Plan ROI 10% to 500% (5000GHS to 100,000 GHS)
- 5-Year Plan ROI 10% to 2,000% (5000GHS to 100,000 GHS)
- LifeTime Plan ROI 10% to 10,000% (20GHS to 100,000 GHS)
* For a lifetime, you can be purchased at a minimum of 20 GHS
** Each plan, buy more GHS get more ROI
The budget is $250 = 0.04 BTC
3 Month Plan Try to slide the horizontal bar shown in the below image. I found that the budget of $250 can buy the maximum of 4730 GHS. (0.039998 BTC) Daily estimated profit is 4.257 USDT
Then I tried to input again with a 6-month plan and a 1-year plan. Let’s see the following information.
6 Month Plan
See the hash power and earning per day if investing at 0.04 BTC
For this article. I will compare to just 3 plans: 3 months, 6 months and 1 year. For other plans, try manually comparing yourself. I put the previous above information into the following comparison table. Don’t forget that our investment is $250.
(Convert USDT เป็น USD Click)
|Plan||Daily Earning||All Day in Contract||Break event day = budget / daily earning||Amount of profit days||Profit||ROI|
|3 Month||4.257 USDT||90||$250 / $4.257 = 59 days||90 – 59 = 31 days||31 * $4.257= $131.96||$4.257*90/$250 = 1.53 or 53%|
|6 Month||2.772 USDT||180||91 days||89 days||89 * $2.772 = $246.71||99.5%|
|1-Year||2.106 USDT||365||119 days||246 days||246 * $2.106 = $518.07||207.4%|
USD ($) = USDT approximately
A 3-month plan, you can get a 53% ROI, or if you invest $ 250 you will get a profit of $131.96.
A 6-month plan has a break-even point in 91 days and the rest is profit. 99.5% ROI
A 1-year plan has a break-even point in 119 days, you can make a profit up to 207.4%
For those who are not sure to invest. You can invest at a minimum 1000 GHS plan for 3 months in order to receive 0.9 USDT. But if you understand then be confident in Cryptominingfarm. You can invest in your budget.
- 3 months plan break-even in 59 days
- 6 months plan break-even in 91 days
- 1-year break-even in 119 days.
Results may vary depending on the budget you have and the plan you choose.
Why should we calculate before investing? It is because we should check the information to ensure that the risk is right for us. Do not invest more than you can afford to lose
Reinvest to multiply profits.
This method is suitable for people who accept the risk. A waiting period for payback 6 months to 1 year. I assume that I invested 6 months with $250. At the end of 6 months.
Let’s say I want to invest $ 250 for 6 months, but first, I’ll split the time into 2 periods of 3 months each, rather than investing in 6 months directly
Next in the first three months will earn about 4.257 USDT per day, and at the end of the three months, I will receive a total return of 381.96 USDT or a profit of 131.96 USDT.
(USDT is relatively close to USD)
Next, I will put all the money from the first period of 381.96 USDT to reinvest again in the second 3 months plan, so now 3 months x 2 = 6 months. In the second period, I will receive 6.066 USDT per day. After this last 3 months I will get back all 545.94 USDT
Finally concluded that when I invest $ 250 at the end of 6 months, the money will grow to $ 545.94 or 118.37%
In the next step, I will compare the 6-month straight investment with a split into 2 periods of 3 months. See below
|ROI||Break-even in … days|
|6-month straight||85.25%||98 days|
|3-month x 2 periods||102.62%||90 days + 44 days = 134 days|
Now it depends on how you like to invest.
Cryptominingfarm.io When we have already invested. The website offers a selection of currencies after mining such as BTC, USDT, ETH, UNIT.
ETH In my personal opinion, ETH is the best for because of 1 ETH coin is worth in 227 US dollars. If the price swing up to $23 totally $250 (+10%), So if we hold ETH when the price changes in the future. Maybe profitable from the difference in the value of the coin.
BTC Now 1 BTC is worth $ 6683. If we choose to get BTC as a profit, it will be less volatile and more stable than the ETH. For example, if the same change with ETH in the previous example is $ 23 for BTC price will become $6706 (+ 0.34%)
USDT The coin is very close to USD almost no change in price. If you like to get a fixed value return. Select this coin
UNIT Used as an exchange unit within the web. No need to pay attention.
Minimum Withdrawal Amount / Fee
In the previous topic, We have already learned to choose a coin to earn a profit. It’s time to look at the fees that are incurred from the withdrawal. See below.
I put the above information into a comparison table.
|Crypto Currency||Minimum Withdraw||Minimum Withdraw ($)||Fee||Fee ($)|
|ETH||0.01ETH||2.38||0.002 – 0.004 eth||0.9|
Note that ETH is the most attractive because the withdrawal fee is around $0.95 only and the minimum withdrawal is only $2.38 If the daily profit is $0.9, 6 days, we will have $5.4. So we can withdraw it.
Crypto Market Place
For me, I’m Thai, I trade BTC or ETH at bx.in.th This crypto market site is popular among Thai people.
The investment steps in Cryptomining farm shown below
deposit money to Crypto market > Convert $ to BTC > Fund your Cryptominingfarm.io GHS
The withdrawal steps in Cryptominingfarm
Withdraw from Cryptominingfarm to Crypto market > Convert BTC to $ > Withdraw fund to your bank
Is Cryptominingfarm Scam?
No one knows the future. But at the moment, it’s best for me in the virtual crypto market, and the web is constantly evolving. It launched a new version and patch, so I’m sure the support team will continue to take care of their customer. The growth still continues. Which people around the world continue to buy more hash rate.
Cryptomining.farm launched from September 17, 2014, now almost 4 years, it is quite long. And the domain (site’s name) is still listed until 2026.
But the dot farm. It is reserved for agriculture. So they changed or redirected the domain to the new domain named. cryptominingfarm.io This should be appropriate because of mining involves to a technology.
But now, no matter what kind of link you get to the web, the original link or new link. It’s always accessible.
Later, check out the trends regarding the popularity of Cryptominingfarm. How will it grow?
From the above picture, the trend of Cryptominingfarm Has increased continuously. Starting in January. 2016 to present. Which country is very popular. See the next picture.
There are about 23 countries around the world known Cryptominingfarm. And
And the image below is a trend in Thailand. Started by the end of 2017.
Next, look at Cryptomining.farm and Cryptominingfarm.io traffic estimates.
The picture above is related to it. Because Cryptomining.farm has been renamed to Cryptominingfarm.io, all incoming traffic from Cryptomining.farm has been redirected to cryptominingfarm.io So the original dot farm web traffic fell, and come up at the dot io instead.
If you look at the statistics above. The web is quite popular, people are entering 2.5 to 3 million per month. And that may be more than this in the future.
See other references, such as the address.
Lifetime Technology (Thailand) Co., Ltd
REGISTER NO. 0505560006411 THAILAND
ISP CLASS 1 LICENSE NO. NTC/MM/INT/ISP/I/012/2558
TEL.: 6621500466 (Thai) EMAIL: SUPPORT@CRYPTOMININGFARM.IO
The company is located in Chiang Mai, Thailand.
How to sign up Cryptominingfarm?
For people who want to invest click link below
After clicking on the link. It will be sent to the confirmation page to make sure that you are not a bot. Click to confirm and go further to the next step
Then in this page, enter your username, password and email address, and press the Register button.
This will be the status of this registration, but not yet completed, will have to confirm our email.
At your inbox, find the confirmation mail and then click the blue link to confirm your email address related to Cryptominingfarm in the registration process.
When you are done. Found the message shown in the above login form. Now you are ready to begin to log in. Let’s go.
Try logging in using your username and password. The last box is Google 2FA token field. Now you do not need to use it. Leave it Blank and Click the green login button.
Account Profile Setting and How to change Mining-Type?
After everyone has their own account. And after finished reading the first section of this article in deep details. Now you likely have chosen the digital currency that you want to receive after the investment. But if you want to follow my the instructions you can choose the Ethereum (ETH) to be a currency of profit because it’s the best in my eyes.
But if anyone likes to receive other coin types, can choose themselves, It depends on you. So now we will set up it before going to the further step.
When after you’ve already logged in to the account then you will see the first dashboard page. Let’s take a look at the menu above named “Account”. A thing you need to do is to put your mouse hover on it and choose the “Profile” following this path Account> Profile as shown below.
After you do follow the above image, number 1, 2. Next, you need to click on Edit Profile button as shown below.
You will see this.
Scroll down a little and come to see the Mining-Type in a drop-down menu. Click on it and choose your favorited type. For me, I will choose Ethereum as a profile currency.
When already selected, do not forget to fill in all the required fields (* Required).
When done, Click the submit green button.
Cryptominingfarm Member Type
Now I will teach about the Member Type.
After we signed up and do as I told everything. The member type is free trial 50 GHs. You will not get real money until you invest money. Let’s see the table below.
Free trial, you can not withdraw money but only for people who buy a hash rate then the member type will change to standard or VIP or VIP support and you can withdraw money if you earn a profit.
- Cumulative Hash Rate < 100,000 GHS
- Lifetime – Buy a minimum hash rate 20 GHS, price 0.0029 BTC ($19.23), daily earning $0.9
- 3-month – Buy a minimum hash rate 1000 GHS, price 0.008360 BTC ($55.52), daily earning $0.9
- 6-month – Buy a minimum hash rate 1000 GHS, price 0.012810 BTC ($85.07), daily earning $0.9
- 1-year – Buy a minimum hash rate 1000 GHS, price 0.016855 BTC ($111.93), daily earning $0.9
- 3-year – Buy a minimum hash rate 1000 GHS, price 0.025045 BTC ($165.98), daily earning $0.9
- 5-year – Buy a minimum hash rate 1000 GHS, price 0.038403 BTC ($254.68), daily earning $0.9
- You have to buy a combined hash rate more than 100,000 GHS in any plan.
VIP Support Member
- You have to buy a combined hash rate more than 5,000,000 GHS in any plan.
If you buy a lot of hash rate You must submit the following documents to the email email@example.com
- a copy of passport
- house particulars
- Screenshot of your account and see the hash-rate numbers clearly.
Frequently Asked Questions
1. What is Cryptominingfarm?
It’s called virtual cloud mining. Buy hash rate and earn a profit. See more
2. What is the GH/s in Cryptominingfarm?
It is a unit of hash-rate used in the web.
3. What is BTC?
BTC is the abbreviation of Bitcoin Digital Currency, based on blockchain technology.
4. What is USDT?
This currency is called Tether (USDT), a currency similar to Bitcoin.
5. Why Cryptominingfarm does not have a difficulty value?
Because it is a virtual cloud mining that does not have any hardware (graphics card), you can make a profit fixed rate at 0.0009 USDT / 1GHS / Day. So if you buy 1000 GH/s will earn about 0.9 USDT ($0.9).
6. How can we calculate the profit?
Go to cryptominingfarm.io. Login and select the menu above Help > Profit Calculator, which allows you to calculate the daily income manually.
7. How to buy hash rate?
Go to cryptominingfarm.io Select the ‘Buy’ menu button above. Click on it, you will see detailed information on the purchase. You can pay in BTC or UNIT currency format. Once payment has been made. You will get the hash-rate soon after 6 transactions have been confirmed.
8. Why is the account suspended?
Newly accounts receive a free hash-rate credit for 20 GHS, called a trial account. It will only work for 7 days if it is finished, then the account will stop and the status becomes suspended. You must purchase at least 20GHs to become active again.
9. Can you withdraw from a trial account?
No, you can’t
10. What is a universal currency?
UNIT is a cryptocurrency.
11. What is Google 2FA?
If your account has Google 2FA set up, every time we log in to your account, we need to provide this Google 2FA code to the log in step for security reason. You can set up a Google 2FA at this path Account > Profile > Edit
In the next article. I will teach you how to buy a hash-rate and start making money immediately.
Start making money with Cryptominingfarm step by step (Coming Soon)