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Earn Extra Income by Cloud Mining From Your Home

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TopHash is the Leading Destination for Cryptocurrency Mining

TopHash is a safe and secure cloud cryptocurrency mining platform where users can make extra income with small investments. Our goal is to offer our customers a seamless investment experience. No matter how much experience you have, you can get started mining cryptocurrency in a few clicks. 

What Are the Benefits of Cloud Mining?

Our users can experience numerous advantages with cloud cryptocurrency mining. Let’s talk about some of the most popular ones. 

Low Start-up Cost

One of the best things about using our cloud mining program is that you don’t have to spend any money other than your initial investment. Our mining programs are run using our hardware and software, eliminating the need for you to purchase those things. You also don’t have to spend any money on the physical space to house those items or the cost of electricity. 

No Technical Experience Required

It takes a lot of skills to learn how to run mining equipment. Not with TopHash.

Since our programs are cloud-based, our team will keep them up and running. You can focus on mining cryptocurrency while we deal with the rest. Our systems run 24/7, ensuring you stay online at all times. 

Mine Multiple Types of Crypto

You can mine Litecoin, Bitcoin, Ethereum, and more from our cloud-based platform. Don’t worry about signing up for multiple platforms to partake in various kinds of cryptocurrency. You can access whatever crypto you like from our secure platform. 

Explore Our Cloud Mining Plans

Our Affordable Plans Make Cloud Mining Easy for Everyone. We offer the best services to our customers. Stay connected with us and enjoy the benefits of cloud mining.

Experience Project Cloud Mining – Package price $50, 1 day contact term, daily return $1.0, total fixed return $50+$1

ETH Cloud Mining – Package price $200, 3 days contact term, daily return $3.60, total fixed return $200+$10.8

LTC Cloud Mining – Package price $600, 5 days contact term, daily return $11.70, total fixed return $600+$58.50

DOGE Cloud Mining – Package price $1200, 7 days contact term, daily return $24, total fixed return $1200+$168

BTC Cloud Mining – Package price $3600, 15 days contact term, daily return $79.20, total fixed return $3600+$1188

BCH Cloud Mining – Package price $8000, 18 days contact term, daily return $188, total fixed return $8000+$3384

Bitcoin Cloud Mining – Package price $15800, 20 days contact term, daily return $410.8, total fixed return $15800+$8216

Bitcoin Cloud Mining Pro – Package price $3600, 15 days contact term, daily return $79.20, total fixed return $29800+$22350

Earn More With Our Affiliate Program 

Our affiliate program makes it easy for you to earn extra money on top of your current income. If a new TopHash user signs up using your referral link and makes purchases, you’ll get a 4.5% commission. 

All you have to do to join our affiliate program is register on our website. Once you receive your referral link, you can start passing it out to your friends. Withdraw your commissions without needing to invest any of your own money. 

Start Earning Extra Money Today With TopHash

Are you ready to start bringing in extra cash? Grow your cryptocurrency portfolio and get started today with TopHash. Explore our affordable plans and register for an account. 

Frequently Asked Questions

Is TopHash Safe?

The TopHash team is comprised of certified professionals who have experience in various fields, from blockchain technology to cryptocurrency security. Our programs utilize EV SSL encryption, ensuring your data is encrypted and never shared. Our servers are protected against DDoS attacks. 

Do I Have to Invest Money?

The best way to earn an income without investing any of your own is by joining our affiliate program. Your earning potential is limitless as you make money off the purchases of others. 

What’s the Minimum Withdrawl and Deposit Amount?

The minimum amount for deposits and withdrawals is $50. 

In one  word, cloud mining can be a great way to earn extra income at home, visit our website for more details https://tophash.net

Bitcoin Miners’ Exchange Flow Cross $1B, Expert Sees No Sell Pressure

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Bitcoin miners’ exchange flow reveals an interesting phenomenon. Since June 15, BTC miners shipped over $1 billion to trading platforms.

The majority of the 33,860 BTC sent to derivatives exchanges, according to CryptoQuant, have been retrieved and returned to private wallets.

However, the reserves held by miners were down by about 8,000 BTC out of which a negligible amount was sent to spot trading markets.

This could be an indication that miners are utilizing their freshly created coins as security for derivatives trading.

Hedging, which employs bets in the opposite direction from the consensus of the market, is a good illustration of this sort of trading, CryptoQuant wrote.

The data platform also surmised that there are lesser chances of selling pressure on BTC’s price as these coins are not going to spot exchanges, despite their high value.

With a 5.5% increase in the previous week, Bitcoin is currently trading at slightly over $30,400. The world’s largest virtual currency has edged up 0.5 percent to $30,527 in the daily index.

Last week, BTC miners send over a whopping $128 million to centralized crypto exchanges. This is more than 300% of their earnings per day.

Given that the price of Bitcoin has been at its highest in months, it might be the perfect moment to withdraw and increase earnings.

Miners typically send BTC proceeds to exchanges in anticipation of cashing out to pay expenses and pocket profits.

Echoing similar sentiment, CryptoQuant co-founder and CEO Ki Young Ju believed that the current price-to-earnings ratio is at an “attractive price for miners to sell.”

Young Ju also suggested the present market is heading into a bull market cycle.

Bitcoin Miners’ Uphill Battle

Additionally, due to the increase in Bitcoin prices over the past week, the profitability of BTC mining, or hash price, has grown marginally. Per HashrateIndex, it is presently $0.076 TH/s [terahashes per second] each day.

While the present prospects may look bright for BTC miners, profitability has fallen more than 30% since July of last year and more than 80% since the high of the 2021 bull market.

Bitcoin miners still have a difficult road ahead of them due to high difficulty levels and nearly record hash rates of 377 EH/s.

Kazakhstan Collects $7M In Crypto Mining Taxes While Bhutan Secretly Mines With Green Energy

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Local media and crypto news outlet Forklog reported that the government of Kazakhstan had accumulated over $7 million in taxes from cryptocurrency mining firms in the country during the last two years.

It comes as the industry faces growing regulatory pressure, limiting its access to low-cost energy while increasing its tax burden. Following China’s crackdown on the industry in the spring of 2021, Kazakhstan emerged as a hub for crypto mining.

However, its share of the global monthly hashrate has since shrunk from a peak of 18% in October 2021 to just 4% in May 2023, according to industry analyst Jaran Mellerud.

Since January 2022, cryptocurrency miners in Kazakhstan have been required to pay taxes and fees. By April 27, 2023, they had already transferred almost $540,000 to the budget, with all due payments for the first quarter due by May 25, according to the finance ministry.

On February 6, 2023, the new legislation titled “On Digital Assets in the Republic of Kazakhstan” was signed by President Kassym-Jomart Tokayev. This law oversees activities related to digital currencies, such as mining, and limits miners’ access to low-cost electricity due to allegations linking them to power outages.

However, Sergey Putra, who holds the position of Senior Coordinator for Governmental Relations at the National Association of Blockchain and Data Centers Industry in Kazakhstan, expressed his opinion that the implementation of the law through by-laws is arduous and does not appear to be geared toward aiding miners and the overall industry.

He voiced optimism that the current challenges are only fleeting and resolving them would usher in the nation’s new era of growth for bitcoin mining. 

Bhutan Secretly Mines Crypto Using Hydroelectricity

Meanwhile, Bhutan, a small South Asian kingdom located in the Himalayan mountains, has been secretly mining cryptocurrency for years, according to a recent report. 

The country has been able to mine crypto sustainably, using its vast hydroelectricity stores. This renewable energy source is largely considered “green” and is used to power the homes of the country’s 777,000-strong population. It represents 30% of the country’s GDP.

Recently, Bhutan has disclosed its efforts to develop its own crypto mines, utilizing its abundant resources to strengthen and maintain its economy in the future potentially. 

Given Bhutan’s relatively small size and restricted resources, green crypto mining could offer a viable path toward achieving economic autonomy. The country’s mountainous terrain provides an optimal setting for cooling computer systems engaged in Bitcoin mining.

Bhutan aspires to become the world’s second nation to operate a state-owned crypto mine, following in the footsteps of El Salvador, the sole country currently doing so.

Related Reading | Shiba Inu Member Bust Rumors Around BONE Listing

Here’s How One Bitcoin Miner Is Defying Market Odds

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Bitcoin [BTC] mining rig Hive Blockchain is putting up a valiant fight amidst the bearish market sentiment and spiking energy prices. According to a production report published on 7th Nov., the Toronto-based miner holds a balance of 3,311 Bitcoin as of November 5, 2022.

Not only that, Hive has been able to maintain debt-free servicing payments and a strong balance sheet, with approximately $70 million USD of BTC, with no expensive borrowing against equipment like ASICs or GPU chips, or digital assets.

Frank Holmes, Executive Chairman of HIVE stated, “We are very happy to be producing over 300 Bitcoin per month, which is about 1% of the global network, even when network difficulty is at an all-time high. We have sold all our Ethereum holdings. In October we produced an average of 9.9 BTC per day.”

In terms of prices, BTC held close to $20,000 over the previous week, but some miners are struggling as a result of rising energy costs and historically low hash prices, which are reducing profits.

But what is more concerning is that the dominoes for bitcoin miners have just started to fall, despite the fact that bitcoin’s value has been in the downtrend for some time and has decreased by roughly 56% year to date.

Tough Days Ahead For Bitcoin Miners

“There are a lot of different issues in motion. Obviously, the global recession is looming, on top of inflation and rising prices of electricity,” Christopher Perceptions, founder of PerceptForm and CEO of NoCodeClarity, said in an interview.

“Miners are struggling for a multitude of reasons right now,” Nick Hansen, CEO of crypto-mining firm Luxor, stated. “We’re seeing the historically low hash price, which means that miner revenues are at all-time lows.”

Hash price is a metric used to estimate the market value of each hashing power unit. It is determined by changes in the difficulty of mining bitcoin, which is currently high, as well as the cost of the cryptocurrency.

In other news, crypto markets continue to remain volatile. Per Coinglass, in the past 24 hours, 152,000 Bitcoin worth a staggering $3.15 billion were transferred to exchanges.

Typically cryptocurrencies leaving wallets for exchanges is not a good indicator as there are chances of dumping spree into the market.

Bitcoin’s supply draws closer as 19M BTC is mined; What next?

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The world’s most dominant crypto asset Bitcoin achieved a new milestone as its circulation inches closer to its total supply of 21 million. On the 1st of April 2022, 19 million BTC have been officially minted, remaining only two million units of the coin to be mined.

As per data, the event occurred at block height 730002, mined by SBI Crypto, earning ming rewards of ‎6.32 BTC, which is around $293,000 as block revenue.

In a brief rundown, the first bitcoin was mined in 2009, amidst the great recession which was undoubtedly mined by Bitcoin’s legendary creator, Satoshi Nakamoto. The 18 millionths BTC was mined in 2019, but the 21 millionth won’t be mined until roughly 2140, provided the network sticks to the plan. 

That said, Crypto Twitter erupted with joy with several prominent users commenting on the landmark occasion. Dan Held who is currently the Director of Growth Marketing at Kraken wrote,

Alex Gladstein shared how the asset class has grown over the years and pointed out the scarce element of the coin, while some observed that now is the best time to hold BTC.

Another member noted that the last Bitcoin will be mined in about the year 2140. Others, however, could not resist sharing memes out of the Will Smith Oscar slap incident, depicting crypto haters to be at the receiving end!

In all its seriousness, the event is, without doubt, a significant moment for the BTC community.

2 million Bitcoin left, here’s what to expect

While it took BTC 13 years to mine 19 million coins, the remaining 2 million units of the coin will not be mined until the next 100 years which shows how scarce the currency will get. Another important thing to note is that the block reward would be reduced to half, which will occur in a little over two years.

Experts feel that this scarcity of Bitcoin would help push the price upward, with some predicting a base price of $1 million. Many even believe that the asset could ultimately become a global reserve asset that would push its adoption to greater heights.

Hungary’s central bank governor Matolcsy wants to ban crypto trading and mining in the EU

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The Governor of the Hungarian National Bank, György Matolcsy, has advocated a European Union-wide ban on all cryptocurrency trading and mining operations.

Governor Matolcsy referenced China’s recent crypto prohibition in a blog post titled “Time has come to ban crypto trading and mining in the EU,” published by the Hungarian central bank, a.k.a. Magyar Nemzeti Bank (MNB).

He also mentioned the Russian central bank’s plan, which calls for a complete ban on cryptocurrency trade and mining within Russia. But recently, Russia switched from its decision to impose the ban. He said, “I perfectly agree with the proposal and also support the senior EU financial regulator’s point that the EU should ban the mining method used to produce most new bitcoin.”

Matolcsy showers his opinion about crypto

Matolcsy mentioned the most argued opinion that “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids. Russia’s central bank is right saying that “the breakneck growth and market value of cryptocurrencies are defined primarily by speculative demand for future growth, which creates bubbles.”

Matolcsy urged that the EU should act together in order to preempt the building up of new financial pyramids and financial bubbles. He also added that EU citizens and companies would be allowed to own cryptocurrencies abroad, and regulators would track their holdings.

Satoshi standing tall in Budapest

On September 17, 2021, an enormous bronze monument honoring the unknown founder of the Bitcoin digital currency was revealed in Budapest, Hungary’s capital. Its makers claim it is the first of its kind in the world.

The figure rests on a stone pedestal etched with the name Satoshi Nakamoto, the alias of the enigmatic Bitcoin innovator whose actual identity is unknown. It was erected in a business park near the Danube River in Budapest.

Andras Gyorfi, a Bitcoin journalist and the project’s originator, described Satoshi as “the founding father of the whole cryptocurrency sector.” “He’s the god of our market since he invented Bitcoin and blockchain technology.”

The bust’s featureless face is extensively polished to make it reflective like a mirror in which onlookers may see themselves, and it’s wrapped in a golden hoodie branded with the Bitcoin emblem.

Bitcoin miners intend to flock into the US following China’s crypto ban

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With the demand for crypto reaching a new height, the mining industry was seen thriving. Bitcoin [BTC] miners were making the most of the flourishing demand for the asset. However, the fervor around the business had migrated from China onto the United States.

China was at the forefront of the Bitcoin mining game. The largest mining firms were residing in the country. Following the recent ban not just the mining side of the industry, but a large number of exchanges and firms related to crypto moved out of China.

Not too long ago, the Chinese government went on to oust an array of crypto mining firms out of the country. While the initial buzz was that all these Bitcoin mining firms were moving into Kazakstan, a new report suggested that miners were keen on flocking into the US.

Bitcoin miners choose US over China

The US has clearly had a love-hate relationship with the crypto-verse. While the country has welcomed certain parts of the crypto industry with open arms, a few others have been outrightly shunned. As per a recent report released by Cambridge University, a vast number of Bitcoin miners were interested in setting up shop in the US.

CNBC further reported that the US was replacing China as the leader of the Bitcoin mining space. These weren’t blatant assumptions as the US accounted for about 40% of the total Bitcoin hash rate back in July. Therefore, it was clear that BTC miners were interested in exploring the US shores to carry out mining activities.

This was the first time that the US had taken over China in terms of crypto mining destination.

Darin Feinstein, the co-founder of Core Scientific revealed that over the last year significant mining infrastructure was being set up in the US. Feinstein stated,

“We’ve noticed a massive uptick in mining operations looking to relocate to North America, mostly in the U.S.”

Cannada was also a place of interest for several mining platforms.

China officially categorizes crypto mining under eliminated industries

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The great China crypto crackdown continues and this time the mining sector is in trouble. The Chinese government has been overtly scrutinizing the crypto-verse. An array of platforms have been forced to move out of the country. While several have been speculating that this was the demise of the crypto scene in China, the government of the region went on to provide assurance for the same.

China’s National Development and Reform Commission in its latest list of eliminated industries went on to add Bitcoin mining. Ever since the country started out this crackdown, it was seen targeting one aspect at a time. From mining firms to exchanges, the government left no leaf unturned. A few weeks ago, an array of mining platforms were seen exiting the Chinese market. This not only disrupted their workflow but also caused major losses to several mining platforms.

The National Development and Reform Commission [NDRC] of the country revealed that crypto mining fell under the category of eliminated industries following a public consultation.

China’s latest move against crypto

The NDRC oversees the economic development of the country and 8BTCnews noted that this was an official ban on all crypto mining activities in the region.

The news portal tweeted,

“Breaking! China’s Development and Reform Commission publicly solicited opinions on the “Negative List of Market Access (2021 Edition)”, and included virtual currency “mining” activities in the elimination category as “Outdated production technology and equipment”.”

China

China was previously home to one of the biggest crypto mining firms in the world. This was soon changed as several well-established firms were asked to shut shop and exit the country. The country’s take on crypto had the entire world stunned. While some suggested that the country couldn’t deal with the level of “decentralization” the crypto industry provides, a few others noted that the government was making room for its central bank digital currency [CBDC], the digital yuan.

Back in June, about 26 mining firms in Sichuan were asked to stop rendering services due to an investigation. Many mining firms were seen relocating to various parts of the world, however, a majority of them were migrating to Kazakhstan.

Bitcoin mining firm greenidge merges with Support.com as Nasdaq beckons

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Mergers and acquisitions have played an important role in building the cryptocurrency ecosystem as they allowed the entry of new interested entities. The recent crypto boom also allowed several niche companies to become part of the traditional financial juggernaut. This new wave for tie-ups was further evidenced when Bitcoin mining firm Greenidge merged with Support.com to become Nasdaq’s latest entrant. Greenidge shares will be traded as GREE from here on out, combining the entities of both companies. 

According to the merger details, each share of Support .com will be canceled and converted into the 0.115 shares of Greenidge Class A common stock. If there remains any fraction of the exchange leftover, it will be settled in cash. Greenidge first shot to fame after committing to a 100 percent carbon-neutral Bitcoin mining process at all their locations. Post the merger announcement, Greenidge CEO Jeff Kirt stated:

“This merger is an important next step for Greenidge as we build upon our existing, integrated, and proven platform for Bitcoin mining and generation of lower-carbon affordable power.”

As soon as the merger is complete, Support.com is set to become a wholly-owned subsidiary of Greenidge Generation Holdings Incorporated. The merger is being overseen by the United States Securities and Exchange Commission [SEC], which published a report on the two companies. Sources close to the merger informed us that Support.com will further provide a $33 million cash influx to streamline the merger.

Support.com President Lance Rosenzweig was of the opinion that the partnership would open up new doors in a regulated cryptocurrency environment. The cash flow is set to be directed into customer interface, security software, and improving the privacy expertise of the organization. The mining firm will conduct its operations from its upstate New York facility with support from its other branches.

China bans hydropower stations from providing power crypto mining firms

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China’s onslaught on the Bitcoin and crypto industry is far from over. In a fresh blow to whatever’s left of the mining industry in China, the country’s authorities have now resorted to prohibit the hydropower stations from providing power to crypto mining companies.

According to the latest report, China’s People’s Government Office of Yingjiang County, Yunnan Province has released a notice calling to ban all illegal hydropower stations from supplying Bitcoin and cryptocurrency mining companies. It urged municipalities across different provinces to notify all hydropower stations in their jurisdiction to stop them from supplying electricity for crypto mining firms and also directed the removal of any mining equipment or rigs, if any, before Wednesday, 25th of August from the power plant areas.

The circular also mentioned that the regulatory entities intend to establish workshops and related departments to force the dismantling of the crypto mining rigs. There is no room for negotiations and if the hydropower stations do not comply with the warning, they will be dismantled by the State Energy Bureau.

The official report further mentioned,

“The Yunnan Provincial Energy Bureau previously stated that it will seriously investigate and punish the illegal activities of Bitcoin mining companies relying on power generation companies, unauthorized access to electricity, evasion of national transmission and distribution fees, funds, and additional profit-making.”

China’s relationship with crypto industry

China has always been wary of the cryptocurrency industry despite being pro-blockchain. Earlier this year, the regulatory authorities in the country outlawed the mining of Bitcoin and cryptocurrencies. This was enough to trigger not just a slew of corrections in the market but also caused a wave of migration by miners from China to central Asia and North America.

Since then, Bitcoin has seen a notable recovery. For instance, it broke a crucial high to hit $50K on the 23rd of August. TWJ had earlier reported about the network’s steady hash rate and difficulty recovery.