What is Omega Hive?
Omega Hive is a cryptocurrency Hive Mining as a Service provider (MaaS) that offers an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. We offer hosted cryptocurrency mining services and a variety of mining related solutions to small and large scale customers.
Our team of mining experts with extensive knowledge of the digital currency sector specializes in building the most efficient and reliable mining facilities.
How does mining work with Omega?
It’s very quick and easy! You are purchasing mining contracts and we are mining on your behalf. You receive returns on a daily basis depending on the amount of hashpower you purchase on your contract. As soon as we receive your payment your contract will be added to your profile, and you can immediately start mining.
Why aren't you mining yourselves?
We are. Besides the fact that we ourselves mine with the very same hardware that we offer to our clients, our capital, just like anyone, is limited. We believe that mining is one of the best way to obtain cryptocurrencies, however, we do not want to “put all our eggs in one basket”.
What are the expected returns?
Profitability and returns are highly dependant on the prices and network difficulties of the cryptocurrencies that you are mining, which cannot be fully predicted. It would not be appropriate for us to provide data on potential mining returns and sell mining contracts at the same time. Therefore, we recommend each and everyone of you to do your own independent research and performance calculations before making a decision.
Remember that some of our products have a daily maintenance fee which must be deducted from the daily earnings.
Some websites we use personally are :
Please note that thse websites are independent sources of reference and not related to Omega Hive in any manner. We are not responsible for any inaccurate information they provide.
Isn't buying the hardware cheaper?
At the first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that change the economics significantly:
Please do not get us wrong: we do not want to discourage anyone from mining at home! We are often asked about prices and realized that many users do not know about all the hidden costs. If you compare the true costs, you will notice that our prices are very competitive. We want to provide you the best possible mining experience, so that you can focus on mining your favorite coins (and we take care of the rest).
When do I get my payouts?
The HIVE pays out daily.
You can check your general payouts on the dashboard in "Payouts History" under “Payouts”.
Please ensure your wallets are set up and configured in the "Wallet Configuration" menu under Payouts so we know where to send your payouts to.
A mining day usually starts at 00:00 ETC and ends at 23:59:59 ETC.
At the end of the 24 hours mining day we will do some additional calculations and double check to ensure everything is correct. About 8 hours later (max. 24 hours) you will receive payouts for each coin you have mined. Please ensure that you your payout address are set up in the "Wallet Configuration menu" for each coin you mine, otherwise we cannot make the payout.
It can take up to 48 hours to receive the first payout once you have purchased a contract. If you did not get any payouts from us within 48 hours, please contact our customer service team on the form below and select 'Payouts' for the subject matter.
When you order via Credit / Debit Card, your payouts will be held for 30 days and as required for verification and security measures as stated in the Terms of the Contract. We do so because of fraud and security reasons. Once the alloted time has passed, the full amount will be released to your wallet, and from then on you will receive a daily payout. In the meantime you can see your accumulated earnings in My Account > My Orders, under “My pending balance of payouts”.
How are you different from other mining companies?
We have many things that separate us from our competitors:
- Lower operating costs allow us to compete at a much better margins
- Substantially lower risk of termination
- Termination can happen to any company especially in this fast-moving industry, ours is no exception and we have a very fair clause in our terms & conditions if this ever happens
- For example, some of the things we are not subject to that may affect a mining company's bottom line are US tariffs on imports from China. They are being retroactively applied on purchases from as far back as 2017. These tariffs run as large as almost 30% per unit! Even with a proper infrastructure, large backing and inexpensive power rate, liabilities like this can sink any company and leave them with no options. We think it's unfair and we don't wish it upon anyone. But it happens!
- Taxes can run as much as 21% for companies based in the US and 15% in Canada