Bitcoin mining refers to the process where “miners” use computing power “Hashpower” to solve complex mathematical problems in order to validate transactions and secure the Bitcoin network. The first miner to solve the problem gets the right to add a new block to the blockchain, which in turn unlocks a reward. A new block is added constantly every 10 minutes, and currently a block comprises 3.125 bitcoin; 450 new bitcoin will be generated per day.

Cloud Mining allows individuals to participate in Bitcoin mining at a very low cost. Users lease mining Hashpower from companies that own and operate the mining machines. in this arrangement, the leased asset, i.e., the mining machine itself, is used by the lessee and the earnings, such as Bitcoin, also belong to the lessee. The lessee does not need to handle the complex operations and management processes, such as purchasing equipment, negotiating prices, shipping, customs clearance, installation, setting up maintaining physical hardware, or managing the mining farm. Once lessee pay the Hashpower fee and service fee, the cloud mining company provides the necessary services and distributes mining earnings based on the amount of Hashpower leased.

StandardHash was founded by industry veterans with over 10 years of experience. We own our mining machines and manage the entire process from purchasing, shipping, customs clearance, tax payments, mining farm setup, to mining pool settlements in a fully closed-loop system without using any intermediaries. We eliminate the hassle an drisk of buying and maintaining expensive equipment for users. By renting Hashpower. Users can earn mining rewards.

We own our mining machines. Our mining farms are in the United States.