I’ve now been mining Bitcoin Vault with Mining City for four and a half months and have done really well so far.
If you remember from my introduction to this service, which you can read here, Bitcoin Vault has built into it an accelerated mining rate for the first three years so that it can catch up with Bitcoin. This means essentially means that mining at this time will produce far more coins than ‘normal’ and by renting the hash power from Mining City we should be able to make a decent profit, at least for the next year or two.
The Mining City facility is based in Kazakhstan where mining power costs are very affordable so making a profit over the mining costs is, at the moment at least, very achievable…
Given that I’ve made a very healthy profit already and I still have years left on my mining contract, I’m more than happy to approve this for now.
The usual caveats apply of course. There are no guarantees of returns so only risk what you can afford to lose.