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Mining Rig Rentals Review



About MiningRigRentals​

This MiningRigRentals review serves as an investigation of the clod mining industry in terms of profitability for investors. The report is organized in terms of important indicators of the investment that you should be aware of. These indicators are ownership, history, fee structure, available plans, and security features available at MiningRigRentals.

Apart from internal check-up, we also conducted a comparative analysis with other similar platforms. This is done through benchmarking the MiningRigRentals with platforms such as Minergate, Hashing24, Hashnest, and Nicehash. We conclude with general opinion on how attractive and reliable the platform is, especially in comparison with the industry.

Available Programs

Out of all cloud mining platforms, none can top the number of potential rigs (contracts) for mining that MiningRigRentals offers. You have 40 types of rigs in which you can invest at any time, including the most popular SHA256, Scrypt, and X11 rigs. You need to open up a pool upon which you can connect to hash power sellers.

Once done, you go to the marketplace and search for a suitable offer, detailing specific price for offered hash power. You can check out the marketplace in a snapshot presented below this text.

Available programs in MiningRigRentals

You are limited by hours of use per day but the contract itself can last as long as both parties reach an agreeable understanding. Thus, there is no limit to how long the rig will last. Maintenance fees are not charged separately but are rather part of the contract value when purchasing the deal. Instead, you have 2% on all rigs you rent. You also have the option to rent hash power only as well.

Fees and Payment methods​

MiningRigRentals, much like Hashnest, Minergate, and Nicehash, uses cryptocurrencies only as means of payment and withdrawal. The platform expresses all costs through coins that are available as payment options. The accepted cryptos are Bitcoin, Litecoin, Ethereum, and DASH. On the feed side, you only pay for miner expenses when depositing and withdrawing coins in and out of the platform.

These costs change on a day-to-day basis, based on the blockchain’s mining difficulty and how heavy the network traffic is. It is usually a small amount, ranging up to $15.

Profitability Analysis

In this section, we take the SHA256 rig published on the marketplace. The offered hash power stands at 450 TH/s for a price of 0.00006290 BTC per day. Maximum number of hours that the offer has is 10.000 hours, which we use as contract length. Thus, the total investment equals to 12.029625, which includes the 2% platform’s fee. Below is a profit/loss analysis result according to the BTC price of $10.200 and the current mining difficulty.




Hash Power

450 TH/s

Program Cost (USD)

$122 702,18

Maintenance Fee




Daily Payouts (Coin)


Daily Payouts (USD)



Total Profit

$159 885,00




ROI Days


Although ROI of 30% looks really great, you have to consider risks. The difficulty level can go up and price down, lowering your profit significantly. Another issue is that such deals are usually available for large rig purchases. The one in this example stands over $122 thousand, which is not really something a normal trader has.

Still, this result is by far the best out of all other platforms that we have investigated, including Minergate, Hashing24, Hashnest, and Nicehash.

Additional Services

Unlike other platforms, MiningRigRentals does not offer calculator tools that help you analyze the rigs’ profitability. To calculate profit margin, you need to use your own calculator, which is present on other platforms. The entire platform is oriented toward rigs solely, with no additional products available outside of cloud mining as well.

What you do have are API keys, meant for withdrawal sequence, rigs renting and rigs management. These are free to use though you need to train yourself on how to properly set them up if you are a crypto starter. You can check out the API page in the picture below.

MiningRigRentals Review - adding a new API key screenshot


You have standard security functions available at MiningRigRentals, featuring two-factor authentication (2FA), email notifications, password and wallet managers. All of these functions are present in other cloud mining platforms, while website itself uses SLL encryption. The protection can thus be deemed as per industry standards, as seen in the snapshot below.

MiningRigRentals security

As for 2FA, you only have Google Authenticator which is weaker than phone factor. You also have a history of transactions, login records, and other statistical data. These are mainly used to check whether your account was hacked in the recent period.


The platform perhaps has the best reputation in the cloud mining industry judging from comments on Reddit and BitcoinTalk. Other blog reviews also provide good grades for the marketplace, saying that it can be quite profitable if you find the right rig at the right time. One of the comments made in BitcoinTalk really summarizes the general opinion about MiningRigRentals: “… I have been on and off using them since they came online and like the interface and support, I have received… still some work …, but it’s a great service.”


In this MiningRigRentals review, we went over the security, reputation, and profitability of cloud mining services. The platform has the best ROI out of the investigated companies, including Minergate, Hashing24, Hashnest, and Nicehash. The P2P platforms obviously have a more competitive environment for you to use than B2C marketplaces.

Good reputation thus comes as no surprise at all. Security is average though, meaning that you should be careful with your balance. You should look to withdraw coins out as soon as you have a considerable amount.

The post Mining Rig Rentals Review appeared first on Cryptocoinzone.



Bitcoin Price Prediction: BTC/USD May Break out as the Price Hovers Around $10,636



Bitcoin (BTC) Price Prediction – September 24

Bitcoin (BTC) price is trading nicely above the $10,500 and the coin must climb above the $11,000 resistance to continue higher.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $11,000, $11,200, $11,400

Support Levels: $9,600, $9,400, $9,200

BTCUSD – Daily Chart

BTC/USD starts trading with a downside movement as the coin touched $10,192 in the early hours of today, but later, BTC/USD market started improving, moving it out of the downside to the upside. However, within the first few days of this second month of the first quarter, BTC/USD has moved up from $10,192 to $10,737 and now changing hands at $10,636.

Will BTC Break Through $11,000 Resistance Level or Reverse?

BTC/USD is finding it difficult to climb higher above the $10,800 resistance as the coin is settling in a tight range around the 9-day and 21-day moving averages. Typically when the new uptrend movements are beginning to form, buyers may use the 21-day MA as the nearest support levels. But in as much as the orange-line of the 9-day MA is above the green-line of the 21-day MA, the market may likely follow the upward movement.

However, if the market decides resume downtrend, Bitcoin’s price may drop to $10,000, and should this support fails to contain the sell-off, we may see a further drop to $9,600, $9,400, and critically $9,200. The resistance levels to watch are $11,000, $11,200, and $11,400 respectively. Meanwhile, the technical indicator RSI (14) is facing the north, suggesting additional bullish signals into the market.

BTC/USD Medium – Term Trend: Bullish (4H Chart)

Looking at the 4-hour chart, Bitcoin’s price is currently trading around $10,675 and above the 9-day and 21-day moving averages after a reversal from the low of $10,192 in today’s trading. Meanwhile, traders can notice that the bullish supply is coming up slowly into the market.

BTCUSD – 4 Hour Chart

However, if the buyers continue to strengthen and energize the market, they may push the price towards the resistance level of $10,800. Therefore, breaking the mentioned resistance may allow the bulls to test the potential resistance at $10,900 and above. Meanwhile, the RSI (14) is making an attempt to cross above the 60-level, but any bearish movement below the moving averages could drag the coin to the support level of $10,300 and below.


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Proposed Bill outlines new framework for US crypto exchanges



U.S Representative of Texas, Congressman Michael Conaway introduced a new bill that, if passed, would offer a way for the U.S Commodity Futures Trading Commission (CFTC) to streamline all state-based regulatory requirements for US-based crypto exchanges, under a single framework, according to a draft of the bill uploaded today. This proposed legislation would build on the existing commodity market practices required of Futures Commission Merchants (FCMs) “to protect customer assets.” 

According to the proposal, CFTC would treat crypto as commodities under the Commodities Exchange Act. Moreover, the document highlighted that the new regulation would allow crypto exchanges to operate under federal jurisdiction, instead of applying for 49 different state money transmission licenses (MTL). 

The document further detailed that the bill would allow the Digital Commodity Exchange Act (DCEA) to “regulate the trading venues which list emerging digital commodities, such as Bitcoin, Ether, their forks, and other similar digital assets, for trading.” 

If the bill were passed, the act would streamline cryptocurrency regulations in the US, creating legal clarity for token issuers. This would additionally lower the barrier to entry for exchanges hoping to operate in a compliant manner.

Michael Conaway is the ranking member on the House Committee on Agriculture, which has its equivalent committee, the Senate Committee on Agriculture, Nutrition and Forestry, that oversees the CFTC.

The bill is not likely to be passed before the upcoming election. The introduction of the bill however would now allow the general public to provide feedback on how to improve it.


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Chinese state-endorsed public chain to act as a global DeFi bridge, says Conflux CEO



Conflux Network, a permissionless blockchain project which is endorsed by the Chinese state, told Cointelegraph on Sept. 22 that the project has officially launched its Tree Graph Research Institute with the Shanghai government. 

According to Fan Long, CEO of Conflux, the Tree-Graph Blockchain Research Institute will experiment with local states to build a regulatory compliance platform that can bridge global DeFi applications and government regulations. He added that: 

“DeFi is a new world and while it appears as though it may pose a challenge for regulators, they appear willing to listen. At this stage, the most important thing is to maintain a reliable communication channel between two sides— the DeFi innovators and the regulators.” 

When it comes to new techniques and innovations, the Chinese government has shown signs of tolerance for experimentation in the past. Fan indicated that the complexity surrounding DeFi and other relevant distributed innovations will make open communication crucial for continued legislative acceptance. He stated that: 

“Regulators need a reliable way to learn what the new technique is about and where it might lead us to. Innovators need a way to understand the concerns and red lines of regulators.” 

At the moment, Conflux is working with the Shanghai government on several sandbox projects. Fan told Cointelegraph that these projects include integrating blockchain borrowing and lending services into Shanghai’s Pudong Development Bank, and leveraging the Shanghai free trade zone’s unique regulatory framework to devise a unique stablecoin for the region, The CEO explained: 

“Shanghai Free Trade Zone is outside of capital control of China where RMB is offshore with its own set of rules, so we are trying to come up with some regulation breakthroughs with experimenting under the free zone framework.” 

Compared with the central bank’s digital currency, or CBDC,  Fan pointed out that  although a CBDC will allow the central government to maintain control of the financial activities, it would be hard for such a centralized form of digital currency to be accepted outside of China. 

Conflux is trying to either create a free zone stablecoin or build a public permissionless cross chain for the CBDC.

The project, which began its life as a research project at Tsinghua University, has been working to provide a robust and cheap framework for developers to build decentralized finance applications. Fan explained that: 

“Conflux Network seeks to provide a POW network with transaction speeds an order of magnitude faster. The key enabler technique is a novel DAG-based ledger structure together with an optimistic concurrency control to achieve a consistent order of transactions among all the nodes in the network.”

Fan believes that DeFi projects will only be able to go mainstream through willfully enacted compliance measures which evolve alongside government regulations. Blockchain and DeFi are new areas for regulators. Although he cannot speak to how regulators will go about this, his predicts that: 

“Decentralization will make it more difficult for regulators to control DeFi products, but there are still possibilities to exercise controls at the boundary between the decentralized world and the centralized world.” 

The Shanghai Municipal Government, one of the states endorsing the project, is interested in exploring how the city can leverage blockchain techniques to integrate traditional finance with decentralized financial services, says Fan.

In order to connect global DeFi projects and regulations, the company also created the Conflux Open Defi initiative. 

Members include: Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, and MCDEX along with Chinese state support through the Shanghai Science and Technology Committee. Fan says Open DeFi aims to unite Eastern and Western DeFi markets through three globally focused program tracks: risk management, new liquidity strategies, and incubation & innovation.


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