What are GHS or bitcoin mining facilities?
Gigahash (GHS) is a unit of cloud computing dedicated to mining Bitcoin. The speed of mining is measured in hashes per second, that is the smallest amount of work done by a bitcoin miner. GHS is much more, GHS stands for gigahash per second, that is 1 bil hashes/s.
Treat GHS as a currency
While bitcoin mining is more or less passive way of gaining bitcoin, trading GHS allows you to be involved in the world trading processes. You can treat GHS more or less the same as any other currency or commodity – you can make a profit on GHS price difference by buying low and selling high. In this case, though, we are not speaking about currency or metal pairs, it’s about trading the speed of producing bitcoins.
Cloud mining – the good and the bad
The bad thing with cloud mining in general is that difficulty of mining on the bitcoin network is constantly increasing, and as a result the rate at which your cloud hash rate is mining coins for you will drop in time. In a future time the exchange rate per GHS will be lower than the rate at you purchased.
This makes it not worthwhile to invest in GHS in the long run expecting that you will end up with profit from what you have mined with the purchased hashrate. That is why you should consider trading GHS and while you are trading them the purchased hashrate will generate you some extra profit as it will mine bitcoins. You can call this bitcoin GHS arbitrage trading if you like.
How to start trading GHS?
First, you need to buy some GHS and fund your Cex.io account. The beautiful part is that as soon as you purchase GHS, the process of mining will start right away (if bitcoin mining is currently profitable). The good thing with bitcoin cloud mining at Cex is that you can easily and quickly sell your hashrate at the exchange at any time.
This is the only bitcoin crypto exchange where trading and mining can be done simultaneously: when you decide to sell your GHS, they will be mining bitcoins until the moment they are sold. This means your GHS will be making a profit for you till the last minute you own them. Even if you decide not to sell your GHS (for example, if there are no good opportunities on the market), you will still make bitcoins just by cloud mining them.
NiceHash is another hashpower marketplace. Take a look at current hashing power buy/sell orders and get insight into hashing power market.
GHS trading tools and helpers
Trading GHS requires some trading knowledge and experience in order to do the right decisions on the exchange.
You may use software to be more efficient on GHS Trading – you can use bitcoin GHS trading bots. Bitcoin GHS trading bot finds free GHS by looking for arbitrage opportunities and automatically trading them. Cryptotrader is one of them and some other classic bitcoin currency trading bots might also support GHS trading. You can find a good and free source for technical analysis of the GHS market at Bitcoinwisdom, but be careful with numbers as they can only help you to identify market trends and not guarantee you to make profit.