Leverage First Crypto’s Platform Hardware & Expertise to Earn Dividends
- Purchase Mining Contracts with Differing Hashpowers
- Availability of Wide Variety of Contract Terms
- Financial Projections
How Do We Define Cloud Mining?
In cloud mining, you are sold a small piece of the mining rewards earned by a mining machine. For example, if a typical Bitcoin ASIC machine has a certain amount of hash power, you might be sold a small slice of that machine’s hash power. The industry calls this “Cloud Mining” which is intended to suggest that once a contract is purchased, that mining activity takes place as a result. This is not necessarily the case. What a Cloud Mining contract is intended to provide is the economic returns from mining, which are determined based on the cost of mining, and the reward from mining.
As a buyer of a Cloud Mining Contract, over the life of your contract, you will be paid the reward for that hash power from Bitcoin mining. Providers of Cloud Mining Contracts suggest that they are physically giving you a real slice of a machine’s output… or that a machine is mining on your behalf at all times. We do not think this is a fair way to present Cloud Mining. One main point that is often ignored is that typically a mining unit will only last 18-24 months before it is obsolete. If you have purchased a 5 year contract, on equipment that only has an 18-24 month life, then you are not really buying a slice of a machine. The machine will not last over the life of your contract! What you are really doing is entering into a contract, where you are the buyer, and the seller is agreeing to pay you the rewards that would come from mining over that period of time. This has nothing to do with a machine!
First Crypto’s approach to Cloud Mining Contracts: At First Crypto, we look at Cloud Mining as a contract entered into between a buyer and a seller. First Crypto (seller) & the Buyer enter into a contractual relationship where First Crypto becomes the counter-party, underwriter, and financial manager responsible for paying the due returns to the Buyer.
As an Asset Manager, we take the role of being the buyer’s counter-party and underwriter with a high degree of care and fiscal responsibility.
Reserve mining power
Use our form below to tell us what type of contract you are looking for and we will send you an email with detailed terms.
Thank you. We will respond back shortly with pricing for your desired contract. If we do not respond right away, it is because we are not yet offering contracts in the desired Crypto as of yet but wil contact you when we are able to do so. Thank you for working with First Crypto Inc.
Your Mining Contract
How It Works
select term and hashrate
First step, determine how long you wold like to commit to a mining contract. Then, through our eas to use mining rewards calculator, you can select your desired mining hashrate.
Purchase mining contract
After you have configured a contract that meets your investing goals, proceed to purchase a mining contract through our platform.
earn mining rewards
First Crypto will pay-out the mining rewards that your contract has generated by the contract maturity date.
OUR ASIC HOSTING OFFERINGS
Buy An Asic to Host
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send us your asic to host
Already have miners? Take advantage of our low cost power and mine more efficiently. Send us your ASIC to being mining in our world class facility.