CloudThink
CloudThink is a cloud mining service and mining hardware developer headquartered in the UK, with a second company running their mining operations in Taiwan. Unlike other cloud mining services, some of which simply allocate hashing power to their clients without further involvement, CloudThink offers daily payouts based upon the company's trading performance and guarantees customers a minimum level of profit based on the package contract they purchase.
Customers visiting the CloudThink website are offered a range of different packages to choose from. All of the packs are based on a fixed-term contract, with payment upfront for the service, daily payouts for all accounts, and varying levels of guaranteed and expected profit margins.
Users choose a package based on two main factors — the length of time they wish to invest for, and the amount of money they want to put into CloudThink. The most basic package starts at US$499 for 6 months of cloud mining. This package offers a minimum guaranteed profit of 10%, and CloudThink describes an expected profit of 13-17%. At the other end of the scale, the most expensive package is for a two-year contract with a US$5,000 investment. The company says this comes with a guaranteed 45% profit, and they expect profits in the 65–100% range over the course of the contract.
CloudThink explains that profits come from a mix between bitcoins being mined by the cloud mining hardware, benefits derived from improved hardware that the company is also developing on the side, and the profits from a team of traders within the company. Daily profits are paid out from the mining activity, and monthly profits come from the trading team. All payments are made in bitcoin.
CloudThink says that it uses a mix of mining hardware from Bitmain, Spoondoolies and KnC, but that 30% of its power is also based in custom hardware it is developing, and which it later plans to also sell on the open market. CloudThink also generates the electricity used in their Taiwanese mining facility.
Packages range in price from US$500 to US$5,000, and all contracts are to be paid in bitcoin, unless an order is particularly large and can be bank transferred. On top of that, there are no maintenance or additional fees.
Contracts can be canceled within the first 3 months of a 6-month contract, and within the first 6 months of a 12 month contract, but this forfeits any profits and attracts a 2% fee.
