From company website:
Mining Shares (RS) - $0.69/GH/s no expenses 12 month contract
Mining Sweden VIP Shares (RMCS) - $1.76/GH/s no expenses 12 month contract also grants holder a % of company profits
Personal Miner Package - $1380 - 2000 GH/s for 12 months wth no expenses or $0.69/GH/s
Personal VIP Mining Package - $3196 - 2000 GH/s for 12 months wth no expenses or $1.60/GH/s also grants holder a % of company profits
All mining appears to come from Bitmain Antminer S5 bitcoin miners.
For comparison GetHashing sells hosted bitcoin mining for $0.42/GH/s with a daily maintenance fee of $0.0014 per GH/s per day.
Running both services through the Alloscomp bitcoin mining calculator (no adjustment for difficulty or bitcoin price) yields these results for 1155 GH/s (one Antminer S5):
Mining Shares (RS) - 1155 GH/s costs $797 and would return $80.86 per month or $970.32 in one year. Contract stops at end of year. Estimated profit is $173.32 in one year.
GetHashing - 1155 GH/s costs $485 and would also return $970.32 in one year before expenses. Expenses would be $1.617 per day or $590.21 per year. Estimated return in one year is $380 which is $100 less than you invested in the shares. However mining does not expire at year end.
More information from http://forum.coinbar.org/t/miningsweden-the-new-cloud-mining-company/297
MiningSweden — 2015-02-09T12:12:14Z — #1
Hello, We are MiningSweden,
a cloud mining company located in Lycksele, Sweden.
Our goal is to make it easy for anyone to start mining BitCoin and to
provide as much transparency as possible to gain
and, most importantly keep, the trust of our customers!
Our plan is to finance the first 500,000 GH/s of the original farm
size of 1PH/s by selling VIP shares to costumers.
Mining equipment will be purchased as soon as funds become available.
In other words, we will not wait for all the initial funding of the
500 000 GH/s in order to buy miners. Why, you may ask?
Simple! We find it more efficient to get the mining equipment up and
running ASAP, piece by piece, because of the difficulty changes and
the price fluctuations in BTC.
We have access to cheap electricity, so we are able to use that to our
advantage. Furthermore, for the first PetaHash, all costs are included
for a 1 year contract.
After the 1 year contract ends there will be 2 alternative options to
- Keep the hashrate at current hardware and pay for electricity for
- Upgrade to newer hardware at a discount, which then would have
again all costs included for the upcoming year.
The startup plan:
There will be a total of 100,000 VIP* shares available.
There will be a total of 500,000 Mining** shares available at start.
Each VIP share will represent 5 Mining shares and will be entitled to
their portion of the equivalent of 25% of the company’s Annual profit.
Each Mining share will represent 1 GH/s of BTC mining hashrate, having
us start with 500,000 GH/s. The other
500,000 GH/s will be kept for the company’s mining for future
development and investment.
*VIP shares: one time shares which entitles the customer to mining
power as well as % of the total company profits at the end of every year.
**Mining shares: entitles the customer with mining power.
After the successful startup, there will be no more VIP shares
available. From that point on, we will only sell Mining shares a.k.a.
These will again have all costs for 1 year included.
We plan to provide miner hosting in our DataCentre as we will have
fixed, cheap, electric rates and low cooling costs.
As far as transparency goes, everyone is welcome to schedule a visit
to check the farm out.
Photos and videos of the farm will be available on the website as we
put assemble everything.
We will be happy to take calls and questions onto E-mail, skype,
phonecall (+46 90 695 43 00) at our working time (Monday - Friday
08:00 - 17:00 GMT +1).
We are looking for the best miners on the market and are actively
pursuing the idea of developing our own miners.
Be a part of the future, a part of today, right now. Join us at
At first look Mining Shares (RS) - if they were in stock (sold out) - might be a cost effective alternative to GetHashing. Comments?