Bitcoin Forum

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What is Hash Power Trading

Hash power refers to the computational power of a Bitcoin Miner. By digitizing the hash power to tradable shares. Buyers and sellers of Bitcoin miners and hash power would be much easier.

Advantages of trading hash power compared to buying miners

For sellers or mining power, you need not worry on delayed payment or even transaction reversed by the buyer. While for miners, not only do you can mine instantly without shipping delay. The quality and hashrate of the miner is assured. You don't even have to hassle with the stability and the maintenance of the miner. We will do it for you at the cheapest possible way.

Our maintenance fee is the lowest compared to other alternatives. Typical miners only cost 0.022CNY/GH/day (0.66CNY/GH/month) while platforms like CEX.io costs 0.26USD (1.61CNY/GH/month) for the same service.

The cost of hash power is very competitive too as we source our miners from the most reliable and cheapest source. We offer you miner with price as low as 0.0014BTC/GH, up to 5 times cheaper than what you can get on some other platforms

Just like any securities on the market, you are free to buy and sell GHs on the marketplace. We also provide "miner to GH" and "GH to miner" features for Chinese citizens.

Hardware to Mining shares

There are 2 ways to create new mining shares on the platform.

1. You can buy miner from us at the "Buy Miner to Hash" page. The miner's price same as miner company in china.
So you don't need to spend $200 and one week time to express overseas. The miner transform to Ghash direct.
https://www.snowball.io/miners/shopping

For example, an AntMiner S2 will create 1000 x ANTS2 1 GH shares. You will be able to start mining and trade these shares on our asset exchange to other users.
 
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2. You can also deliver your own miner to us, you will get equivalent amount of mining shares. We will host and manage it for you with our unparalleled service yet reasonable price. You cal also trade on the platform without fee.

This feature is limited to shipping miners to area within China.


How to trade

Different models of miner has its individual market as they differs in the electricity cost. Visit the "Hash Trading" page to start grab your hash power. All shares are denominated in GHash.


Allocation of profits

Mined profits are automatically allocated to your balance every 24 hours. Users can check their unallocated profit and realized hash power at the "Miner Monitor" page

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Maintenance fee and electricity cost

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For example, an AntMinerS2 cost would be 660CNY per month, which is almost equivalent to the cost that you mine at home.
It is only 0.022CNY/G/Day. Costs less than half of some other platforms for the same services

Calculation:
Maintenance Cost * GHs of Mining power * days
0.022 * 1000 * 30 = 660CNY



The cost of electricity will be deducted from the mined amount. The charge will be calculated in Bitcoin with BTCChina's exchange rate. The cost of corresponding miners are listed at frontage and the charged amount will be shown at "Transactions" tab.

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Availability of hash power and warranty of miners

We provide lifetime maintenance for hosted miners. The contract of miner will end when the daily profit is equivalent to the maintenance fee. Users could sell the hash power before trading terminates, and users with sufficient shares could redeem the miner.

AntminerS3  is available for pre-sale 479GHS only 366W. 0.861BTC including power. the Maintenance cost 0.003USD/G/Day

Our website: www.snowball.io

Twitter: https://twitter.com/SnowballBTC

Wanna try us out? We are handing out FREE AntMiner GH. Reply your Snowball username and we will deliver the 1GH share to you swiftly. Enjoy mining without hassles ;)

As it is selling hash power, can we consider it as a cex.io alternative ?

No idea if it is legit or not, but the price definitely looks way way way better than cex.io lol. :D

We have to wait sometime, then will see review from others then we can think to join this.

Ill bite username: petestheman

I have been playing the market over at Snowball.io for a while now. its a damn fair site. The prices are great for any ASIC Miner you buy into. The hasing power is consistent though a few times my hash has dropped down to almost nothing for about a hour or so, maintenance problems im sure.

All in all I cant complain, its a fun simple market and the prices are ridiculously cheap making it worth while to invest to considering you can get your money back quiet easy.

~Acid

There have been a a lot of these sites popping up as scams, I'm NOT saying you guys are just pointing out a fact that there have been at least 2 online mining sites that ended up being scams in the last two months.

Hope this is actually a legit one!


Offtopic, newbie accounts with 1 activity vouching for you guys right when you post are NOT a good sign IMO.

lmao, i was always a BTCtalk lurker; but recently bought HaasOnline trade bot and had some questions so made an account ;)

The cool thing about SnowBall.io is that they use physical hardware, like real hardware me and you can buy. if you lived in China; you can actually exchange your cloud power into hardware and they'll ship it to you. granted I live in Las Vegas, NV so that wont be happening for me. but the fact that they use real hardware; and offer cheap GH's has had me commited for a while. Currently owning about 2 THs on Snowball.