As a cloud mining service provider, HashFrog rents out mining power without you having to invest in specialized equipment. This 360-degree HashFrog review will explain how HashFrog does this and its implications for you as a crypto miner.
KEY TAKEAWAYS
• HashFrog is a cloud mining service that rents out cryptocurrency miners to various types of investors.
• The platform has a partnership with BITMAIN, ANTPOOL, and Cobo to offer customers custody, hardware, and pool related services.
• HashFrog has become popular for its diverse set of miners, pricing plans, algorithms, and contract terms to suit all sorts of users.
- HashFrog at a glance: Overall rating
- What is HashFrog?
- HashFrog features and offerings
- HashFrog pricing model
- HashFrog security standards explored
- HashFrog regulatory compliance
- HashFrog user experience
- HashFrog customer support
- HashFrog review: pros and cons
- Invest responsibly
- Should you use HashFrog to cloud mine?
- Frequently asked questions
HashFrog at a glance: Overall rating
Hashfrog is the crème de la crème of cloud mining companies. Compared to its competitors, it is slightly on the expensive side — but not without merit. It has everything that you need and desire in a mining company, including a good user experience and extensive learning resources.
| Criteria | User experience | Customer support | Compared to competitors | Price | Features | BeInCrypto score |
| Score | 5/5 | 4/5 | 5/5 | 4/5 | 4/5 | 4.4 |
What is HashFrog?
The HashFrog platform is a marketplace that rents out mining services or, rather, computing power to its users. An interested miner can purchase a mining plan at a given rate and for a given duration. The cloud mining setup handles cryptocurrency mining on a user’s behalf, and mining revenue is credited to their accounts.
HashFrog can be a handy resource for institutions, businesses, and individuals interested in cryptocurrency mining without looking to spend a fortune on specialized equipment. HashFrog is a more aggressive way of investing in crypto for businesses and institutions, as the crypto generated from mining is credited directly.
Regarding the modus operandi, HashFrog offers a mining hash rate to interested users. The hash rate comes bundled as part of a mining contract, which is valid for a given amount of time.
The higher the hash rate you seek, the costlier the mining contract will be. The same goes for longer HashFrog mining contracts. Different mining algorithms can determine the rates for different mining contracts.
For instance, the miner setup relevant to Bitcoin isn’t compatible with the ones for, say, Kadena or Ravencoin. Therefore, the cost of the mining contract also depends on the crypto you are planning to mine.
How to sign up to HashFrog
1. To create an account on HashFrog, go to the website and select “Sign Up.”
2. You can sign up using your ANTPOOL account or by entering your email. If you enter your email, you will receive a confirmation code to complete the account registration process.
3. After registering an account, you will be asked to verify that you are not a resident of the restricted regions. After this, you have officially registered an account.
Is HashFrog legit?
HashFrog comes across as a credible cloud mining rental marketplace for many reasons. The most prominent one has to be its partnership with BITMAIN — a reputed manufacturer of mining rigs — making service sourcing easy and dependable. HashFrog is also partnered with ANTPOOL, one of the better-known mining pools.
Partnering with ANTPOOL gives HashFrog and its users access to a super high mining hash rate or, rather, computing power in the commercial sense. This is how HashFrog can set up price-specific mining contracts, where some of the more premium plans offer the best hash rates for mining crypto.
Additionally, this cloud mining service provider has ties with Cobo, a custody provider for digital assets.
As Cobo is audited and licensed, it brings more credibility to HashFrog, as users can rest assured that their earned crypto is safe.
Another reason that makes HashFrog credible is that it operates in 100+ countries, lending services to a diverse range of individuals. And finally, the payouts, or rather the mining revenue, are credited daily to the user.
HashFrog features and offerings
Now that we know how HashFrog functions, let us look closely at the platform’s features.
Extensive algorithm coverage
Different cryptocurrencies approach proof-of-work differently, depending on the mining software they use. The level of cryptography associated with each is also a function of the hashing algorithm that the cryptocurrency and the mining software follow.
For instance, BTC uses the SHA-256 algorithm and mining software like the CGMiner, whereas, for mining Kadena, you would need to be familiar with the BLAKE2s algorithm and the KDAMiner software.
HashFrog considers all of that and offers miners relevant to SHA-256, Blake2S, and even Scrypt algorithms. As a user, you can choose from a wide range of algorithm-specific miners and start to earn a hefty mining revenue.
Which different miners can you choose from?
Having partnered with BITMAIN and ANTPOOL allows HashFrog to be more expressive with its offerings. Crucially, a lot goes on behind the scenes when it comes to mining selection.
For instance, HashFrog offers access to the ANTMINER S19i and the ANTMINER KA3 as part of its cloud mining offering. The S19i is meant for SHA-256 algorithms like Bitcoin, whereas the KA3 handles the Blake2S and Kadena.
If you want to mine Litecoin and Dogecoin, HashFrog has mining contracts based on the L7 ASIC miner, specifically designed for the Scrypt algorithms.
“This cycle, there will likely be Litecoin/Dogecoin mining companies going public.”
Shan Belew, Litecoin educator: Twitter
HashFrog’s web interface has mining contracts for these three algorithms: Bitcoin, Kadena, and Litecoin-Dogecoin. You can check the hash rate of specific cryptos on ANTPOOL or any of the available mining pools and purchase the mining contract on HashFrog that best suits your earning preferences.
Flexible plans
Cloud mining services can be pricey. However, HashFrog offers a relatively diverse collection of these plans based on the duration, hash rate, or computing power and yield you plan on getting. You can opt for something as affordable as the “Newbie” exclusive 3-day plan, derived from the S19i ASIC miner to mine BTC.
Or you can choose the 60-day, 70-day, 120-day, and other mining contracts depending on how much you are willing to pay and how long you want to keep mining, per the cryptocurrency market trends and sentiments.
You can check each plan’s hash rate, hash rate fee, and electricity fee, calculating possible revenues in the process.
Profitability and portfolio tracker
Each mining service listed at HashFrog has a separate section, termed the output analysis or mining profitability. This tool gives you the estimated yield, time taken to break even on the investment, charts depicting hash and electricity fees, and other inclusions signifying the possibilities of mining profitability.
On top of that, every user gets a dedicated dashboard with their assets and hash rates listed. This works like a portfolio tracker, allowing you to monitor your spending, HashFrog performance, and more.
New plans and mining contracts
HashFrog periodically launches new HashFrog mining contracts to help users find mining affordability. The latest ones include the Kadena-specific 60-day, 90-day, 120-day, and 180-day mining plans that have slashed hash rates and lower prices.
Plan launches like these, courtesy of BITMAIN and ANTPOOL collaboration, are great for beginners interested in exploring cloud mining and the PoW ecosystem for the first time.
And you can further lower the rates by applying the site-specific coupons. It is worth noting that the availability of new plans and contracts is part of HashFrog updates, and you should keep checking the website for prior intimation.
A rewarding referral program
HashFrog also has referral incentives in place. For every person who joins using the referral links, commission rebates are credited as USDT to the person referring. The commission rebates, or USDT, can be withdrawn but can not be used to make in-site payments.
The referral rates can be between 1% and 4% for Level 1, depending on the plan converted to an actual sale. You can always level up if the invited users trade and use services worth 700,000 USD within a span of 90 straight days.
HashFrog pricing model
Notably, the HashFrog pricing model depends on several factors, including the hash rate you choose to go with, the duration, and other factors. The HashFrog pricing range varies according to the hashing algorithm. For SHA-256, involving S19i miners, the hash rate fee varies from $0.001/T/Days to $0.0102/T/Days.
The 3-day mining contract is the more affordable one, as the user only needs to tap into the hash rate for a short period. Depending on the plan, the electricity costs for the S19i miner contracts can vary from $0.055/T/Days to $0.06/T/Days.
For S19i miner contracts, you can also increase the hash rate — obviously for a higher price, provided you want the duration to be the same but with additional mining capabilities. HashFrog allows this sort of customization only for the S19i and L7 ASIC miners.
Non-BTC fee structure
For KDA mining, the hash rate fee can vary from $0.0055/T/Days to $0.046/T/Days. The electricity for the same is usually set to $0.0831/T/Days.
And for L7 miners, the hash rate fee can vary from $0.05884/G/Days to $0.05246/G/Days. The standard electricity cost for these LTC and DOGE-specific mining contracts is $1.093/G/Days.
Did you know? Due to the difference in hashing algorithms, the L7 miner’s hash rate is evaluated in GH/s, whereas TH/s is used for S19i and KA3 mines. L7’s Gigahashes/sec hash rate threshold is more powerful than S19i’s and KA3’s Terrahashes/sec hash rate representation.
The conversion formula for the same is: GH/s = TH/s / 1,000. This makes L7’s hash rate or computing power ten times higher than the S19i’s and six times higher than KA3’s. Hashfrog keeps all that in mind when setting rates for the relevant mining contracts.
This platform charges a service fee (electricity fee only), calculated by multiplying the number of days of the contract with the product of the hash rate quantity (30T, 50T, etc.) and the unit price of the electricity fee.
You can either withhold the fee for the entire cycle to be deducted once the contract expires or manually pay it. Also, here is what the detailed mining contract interface looks like while making a purchase.
HashFrog security standards explored
As mentioned earlier, at HashFrog, all your procured crypto assets are secured by Cobo’s infrastructure. Also, if you head over to the settings, you can be assured that this cloud mining service provider has extensive security measures in place, including a dedicated withdrawal verification setup. You can set a “Fund Password” or activate Google Authentication in addition to email access.
How to earn from HashFrog?
Institutional investors or even crypto hedge funds can consider exposure to HashFrog to accrue crypto assets via mining. These earnings can be reflected in alpha generation strategies. Or, as a standard retail player, you can consider picking mining contracts and indulge in individual cryptocurrency mining, earning BTC and USDT in the process.
The value of these procured assets depends on the broader cryptocurrency market trends. Additionally, onboarding new users to the HashFrog ecosystem can generate revenue through commission rebates.
HashFrog regulatory compliance
Even though HashFrog doesn’t offer services higher than 100 TH/s in the U.S., it does adhere to the international AML and KYC guidelines. Also, while checking out, you come across the Cloud service agreement and the risk notice description, which clearly details the extent of HashFrog’s regulatory compliance.
The website also has a pretty self-explanatory KYC verification dashboard. Here, you need to furnish details, validate them with documentation, and hit submit. A standard profile gets verified in under 24 hours.
KYC verification also enhances the transaction limit to “Unlimited” from under 5000 USDT. Withdrawal limits are also associated with KYC verification, per the given slab:
HashFrog user experience
HashFrog has a minimal website interface with no lofty tabs and transitions. The “Marketplace” hosts the mining contracts, whereas the BITMAIN K3 section enlists the newest and most affordable KDA miners.
There is a separate segment for referrals, and the user dashboard has dedicated sections to help you check orders, track electricity fees and the associated changes, and other details about your time on HashFrog.
Overall, this cloud mining service has one of the shortest learning curves, making it genuinely accessible for new miners. It’s also super straightforward to purchase a plan. You can simply add the selected mining contract to your account, check a few boxes while exiting, feed your BTC wallet address for fund transfer, and pay using cards or wallets.
When it comes to USDT deposits and crypto withdrawals, the website offers a one-click setup to move assets across chains, making the HashFrog user experience stand out from other platforms.
HashFrog customer support
What stands out is HashFrog’s “Help Center.” Regardless of the issue you run into, the resolution is right there in the articles. You can even manually type in your concern or browse through the categories to learn more about the interface.
Then there is “Chat Support,” where real chat assistants help resolve your concerns in real time. Finally, if you want to describe a lingering issue or go further into the details, you can also email [email protected]. You can expect a response within 48 hours, max.
Also, there is a dedicated Twitter (X) page where you can find all the latest HashFrog updates.
HashFrog review: pros and cons
While we have covered HashFrog front and back, here’s a quick overview of the hits and misses.
| Pros | Cons |
|---|---|
| Competitive pricing and transparent fees | No free trial |
| Quick payments | Minimum investment for BTC is high |
| Access to mining rigs via BITMAIN | |
| Minimalist website and detailed help center |
Invest responsibly
This review is not intended to officially endorse the Hashfrog platform. Readers should remain aware that cloud mining, as an industry, has gained a reputation for fraudulent activities.
However, it’s important to note that this observation is not indicative of all cloud mining platforms nor suggests that Hashfrog engages in such activities. Readers should assess their own risk tolerance, financial goals, and obligations before making any investment decisions.
Should you use HashFrog to cloud mine?
This detailed HashFrog review shows that renting cloud mining services is a quick and easy way to explore crypto mining. While other service providers are in the fray, including BitFuFu, Binance, StormGain, and more, HashFrog is easily one of the simplest interfaces to navigate. Additionally, it has all the necessary algorithms and the relevant ASIC miners, ensuring the best possible experience for a crypto-mining newbie.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Cloud mining carries risk and profits are not guaranteed.
Frequently asked questions
HashFrog is a mining service that rents out computational resources. It has partnerships with mining equipment manufacturer, BITMAIN, and mining pools, ANTPOOL. With these partnerships HashFrog can offer cloud mining services.
Yes, you can. To make money with HashFrog, you must purchase the right mining contract by carefully selecting the duration and hash rate. The idea is to check ANTPOOL or any of the available mining pools for the existing network hash rate and make purchases when the same is a tad lower than average. You can even consider purchasing a mining contract when mining difficulty is on the lower side. That way, you can make money even with a lower hash rate. In addition to that, you make money on HashFrog using referrals, which give you withdrawable commission rebates.
HashFrog supports the SHA-256, Blake2S, and Scrypt algorithms. These hashing algorithms are used in Bitcoin, Litecoin, and Kadena. HashFrog regularly adds and removes supported algorithms, so it is best to check the website for the most up to date figures.
Disclaimer
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