OXBTC platform promise to have the most profitable cryptocurrency investment with their cloud mining packages. At OXBTC users can purchase cloud hashing from as low as 0.228 USD per GH/s. The cloud mining is running on mining rigs of one of the world largest cryptocurrency farm.
OXBTC deploys mining nodes in Asia, Europe, America etc. with 100% genuine hashrate. Highly competitive cloud mining prices and no limit on minimum deposit amount.
OXBTC was founded in October 2014 by several well known Chinese investors. These investors are not named however on their website. One of the founders, Mr. Weicheng Guo gave some interviews when the platform started and the company offered some huge discounts on the products. From those articles we get to know Mr Guo a bit better. He is around 30 and had several startup projects in different industries before starting OXBTC. He has been involved in bitcoin investment and mining almost from the very beginning. Under the same name, China also has a politician and a wealthy pharmaceutical supplier, but Mr Guo from OXBTC do not wish to share more information about himself on the Internet.
The cloud mining platform managed to merge together multiple cloud hashing sites during the recent years, including OXBTC as well, which has developed them a huge user base. This also enables them to use a global mining network to increase hashing capacity.
Located in 3 different regions in China (Sichuan, Ordos and Inner Mongolia), OXBTC’s mining farms cover a total area of over 200 acres, running away 10 PetaHash Bitcoin cloud hashrates and 30 GigaHash Ether cloud hashrates – a brand new and innovative cloud service to follow the trend for Ethereum.
Benefited by a very competitive electricity cost as low as 15 cents per kWH in the mining areas, and a fast business expansion, OXBTC is able to deliver the most cost-efficient cloud mining services to its global customers, the number of which is about to surpass 80,000.
Company unveil the world’s largest mining farms and the hashpower that takes a large share in the world.
However there is no information about the mining equipment of the farm, so the types of miner rigs are not disclosed.
OXBTC offers cryptocurrency cloud mining for various altcoins beside Bitcoin, such as Litecoin and Ethereum.
At OXBTC, they prefer to have them called under the name of cryptocurrency investment service instead of cloud mining as they want to emphasize the financial nature of the coins. Mining can sound too technical for everyday investors.
Beside purchasing the hashrates for cryptocurrency mining, at OXBTC the clients can also trade the hashpower on their platform.
The earnings from the mining activity appears right away on the client’s account. There is no holding period, users can withdraw the earnings 24/7. There is no limit for the withdrawals and they charge 0.0001 BTC/0.001 LTC fee on each transaction.
At OXBTC users can pay for the cloud hashing service by bitcoins or by litecoins. Credit card purchases or wire transfers are not accepted payment methods at OXBTC.
OXBTC is running a referral program. Compared to other affiliate programs at OXBTC there is no fixed commission after each new referred client, but they offer 25% share of the earning of the new client if the user is lucky enough to win. Drawings are happening once a week. The price is 25% of the earning of the mining activity and the interest on the deposits applies for a week long.
In order to enjoy the world’s highest possible return on investments, clients can also invest in bitcoin deposits to earn interest directly. The bitcoin deposits earns 0.01% daily interest. Clients also have the option to invest into a 30 day long fixed deposit contract which results a 5% annual percentage yield. Definitely a yield much better than the deposits at the local banks.
Fees and Pricing Schedule
The fees of the cloud mining contracts at OXBTC are depending on the amount of hashpower purchased. The minimum amount of the contracts are very low as well as the fees compared to market competitors.
The cloud mining at OXBTC costs as per below:
- Bitcoin cloud mining costs $0.228 per GH/s
- Ethereum cloud mining costs $15 per MH/s
The maintenance fee of the mining equipment is frequently being reviewed and updated once more cost-efficient miners come on board.
OXBTC User Experience
In order to register to OXBTC services, prospective clients need to provide login credentials like user name and password. After the confirmation via email the account is created and the clients can start purchasing hashpowers.
The OXBTC website is straight forward to use, however it is very annoying that some part of the site is only available in Chinese that reduces the usability of the platform for non-Chinese speaking users. The FAQ section answers most questions a new user may have, however there is no support team where users can turn to in case of experiencing any issues.
The OXBTC platform has a very promising pricing structure so clients can start cloud mining bitcoin from a price as low as $0.228 per GH/s that is beating the market average fees. There is also opportunity to buy further altcoin contracts. As a special feature OXBTC also offers two types of deposits for bitcoins and paying reasonable interest rates. Overall the services provided by OXBTC are very appealing, however the fact that their parent company is running multiple cloud mining sites and does not provide real details about themselves is definitely a red flag that their operation might not be legitimate on the long run.
- Low cloud mining price and maintenance fee
- Possibility to trade hashpower
- Available interest paying bitcoin deposits
- Multiple cloud mining providers belongs to the same company
- Only bitcoin and litecoin is accepted as payment methods