Bitcoin 雲端挖礦

了解雲端挖礦點樣運作,比較唔同商業模式,學識點樣喺投資之前評估供應商。

咩係 Bitcoin 雲端挖礦?

從遠程數據中心租用挖礦算力,唔使買同管理自己嘅硬件

你做嘅嘢
監控表現 追蹤哈希率、運行時間同收益
收取 bitcoin 收益存入你嘅帳戶
供應商做嘅嘢
擁有同運行硬件 遠程數據中心嘅 ASIC 礦機
管理營運 電力、散熱、維護、礦池連接
Cloud mining illustration
基礎知識

唔使硬件嘅挖礦

Bitcoin 雲端挖礦俾你向擁有同營運挖礦設備嘅公司購買哈希率。你支付一份合約,通常按每太哈希定價,然後收取所挖到嘅 Bitcoin 份額,扣除電費同維護費。

點解會存在

唔係每個人都買得起 $2,000 以上嘅 ASIC 礦機、搵到平電、處理散熱同噪音、同埋全年無休咁維護硬件。雲端挖礦將呢啲複雜性抽象化,俾任何人付費就可以參與挖礦。

核心取捨

如果一間公司可以用自己嘅硬件賺錢挖 Bitcoin,點解佢哋要將哈希率賣俾你?答案通常同資金有關:供應商透過賣合約籌集資金,用客戶嘅付款嚟資助設備同營運。理解呢個動態係評估任何雲端挖礦方案嘅關鍵。
— 雲端挖礦嘅經濟學

三種挖 Bitcoin 嘅方式

雲端挖礦、託管挖礦同自己挖礦喺成本、控制權同風險方面各有唔同取捨

雲端挖礦

購買哈希率合約。供應商擁有同營運所有硬件。

硬件擁有權
前期成本
低($50+)
技術能力
唔需要
你嘅控制權
對手方風險
最高
費用開支
最高

託管挖礦

買自己嘅 ASIC,付費俾設施代為託管同運行。

硬件擁有權
前期成本
中等($2,000+)
技術能力
你嘅控制權
有限
對手方風險
中等
費用開支
中等

自己挖礦

買硬件,自己喺屋企或自有設施運行。

硬件擁有權
前期成本
最高($2,000+)
技術能力
你嘅控制權
完全
對手方風險
費用開支

雲端挖礦點樣運作?

由購買合約到收取 Bitcoin 收益嘅流程

雲端挖礦流程

你買咗雲端挖礦合約之後會發生咩事。

1

揀供應商

審視合約條款、費用、期限同收益時間表。

2

購買哈希率

買一份合約(例如 10 TH/s 為期 12 個月),用 Bitcoin 或信用卡支付。

3

供應商代你挖礦

佢哋數據中心嘅硬件透過礦池代你挖礦。

4

收取收益

Bitcoin 存入你嘅帳戶,扣除費用後可以提取到你嘅錢包。

雲端挖礦模式

行業使用三種唔同方式:哈希率合約(傳統雲端挖礦)、託管挖礦(你擁有喺佢哋設施嘅硬件),同算力市場(點對點買賣哈希率)。

需要了解嘅合約條款

維護費會從你嘅挖礦收入中扣除,通常係每日扣。如果 Bitcoin 價格下跌或網絡難度上升得夠多,費用可能超過收入,合約就會變得冇利潤。有啲合約包含條款,喺呢種情況下會自動終止。

風險同警號

雲端挖礦係 Bitcoin 行業中詐騙記錄最差嘅範疇。以下係需要留意嘅事項。

HashFlare:雲端挖礦詐騙案例

HashFlare 由 2015 年到 2019 年以合法雲端挖礦服務自居,吸引咗 440,000 名客戶。實際上,佢宣稱嘅挖礦算力有 99% 係偽造嘅。儀表板顯示虛假嘅表現數據,創辦人透過空殼公司轉移咗 $5.75 億。2025 年 2 月,兩名共同創辦人承認電信詐騙同洗錢罪。
— 美國司法部,2025 年 2 月

雲端挖礦詐騙損失

$575M+

單係 HashFlare 就詐騙咗 440,000 名投資者。雲端挖礦行業有長期嘅騙局、龐氏騙局同公司突然停止支付嘅歷史。

需要留意嘅警號

雲端挖礦服務可能係詐騙嘅警告信號。

  • 保證回報或「零風險」嘅承諾
  • 冇挖礦設施或硬件嘅證明
  • 提款前需要支付不斷增加嘅費用
  • 推薦獎勵似乎過於慷慨
  • 團隊匿名,身份無法核實
  • 冇註冊商業實體或司法管轄區
  • 儀表板顯示喺挖礦,但提款永遠處理唔到

常見騙局模式

雲端挖礦詐騙通常點樣運作。

  1. 偽造挖礦:儀表板顯示虛假嘅哈希率同收益,同實際挖礦活動完全唔對應
  2. 龐氏結構:用新投資者嘅資金支付早期投資者,營造盈利嘅假象,直到騙局崩潰
  3. 預付費詐騙:用戶被告知已經挖到 Bitcoin,但必須支付不斷增加嘅「稅費」或「手續費」先至可以提款,而提款永遠唔會實現
  4. 掛羊頭賣狗肉:初期以小規模進行合法挖礦,然後營運者停止挖礦,將新合約款項收入囊中

點樣評估供應商

任何考慮雲端或託管挖礦嘅人嘅盡職調查清單

基本盡職調查

任何合法供應商應該符合嘅最低標準。

  • 有可核實司法管轄區嘅註冊商業實體
  • 有名有姓、身份可核實嘅管理團隊
  • 挖礦設施嘅證明(相片、座標、第三方驗證)
  • 購買前公佈透明嘅費用結構
  • 清晰嘅合約條款,包括終止條件
  • 提款歷史:現有客戶係咪真係可以提款?
  • 可信平台上嘅獨立評論(唔止係公司自己嘅網站)

關鍵問題

喺買任何雲端挖礦合約之前,問自己:用同樣嘅錢直接買 Bitcoin 會唔會更好?喺大部分歷史案例中,答案係肯定嘅。
— 雲端挖礦盈利能力分析嘅一致結論

上市公司嘅優勢

上市嘅雲端挖礦公司(好似 NASDAQ 上市嘅 BitFuFu)必須向 SEC 提交經審計嘅財務報表,披露收入、哈希率同重大風險。呢個唔會消除風險,但提供咗私人雲端挖礦營運無法匹敵嘅透明度同法律問責水平。

驗證,唔好盲信

聲稱同硬件製造商(例如 Bitmain、BitFury)有合作關係嘅說法應該獨立核實。幾間已倒閉同詐騙嘅服務曾經聲稱有重大合作關係,結果證實係偽造或誇大。請喺所聲稱嘅合作夥伴網站上確認。

活躍供應商

目前營運中嘅服務。列出唔代表推薦。

雲端挖礦有重大風險。喺向任何供應商匯款之前,請自行研究。

marketplace

NiceHash

訪問 NiceHash

NiceHash is a hashpower marketplace connecting buyers and sellers of mining capacity. Buyers purchase hash rate on demand with a pay-as-you-go model; sellers connect their mining hardware to NiceHash pools and earn Bitcoin. Operating since 2014, EU-registered, GDPR and AML compliant.

成立年份
2014
模式
Pay-as-you-go
最低投資額
~$10
備註: NiceHash suffered a $64M hack in December 2017 but fully reimbursed affected users. It is a marketplace, not a traditional cloud mining service — you are buying hash rate from independent sellers, not from NiceHash-owned hardware.
hosted

Compass Mining

訪問 Compass Mining

Compass Mining is a US-based hosted mining company that lets customers purchase ASIC miners and host them in third-party facilities. Operates across 20+ sites with 160+ MW of capacity at 7.5-9.5 cents per kWh.

成立年份
2020
模式
Hardware + hosting
最低投資額
~$2,000+
備註: In 2022, Compass cut ties with Russian hosting provider Bit River following US sanctions. Customers alleged Compass failed to return their hardware, resulting in a $2M+ lawsuit. The company has stabilized since, but prospective customers should research this history.
cloud

BitFuFu

訪問 BitFuFu

BitFuFu (NASDAQ: FUFU) is a publicly traded cloud mining company offering hash rate contracts backed by Bitmain hardware. Reports 26 EH/s of hash rate as of February 2026. As a NASDAQ-listed, SEC-filing company, it offers more accountability than private cloud mining operations.

成立年份
2020
模式
Hash rate contracts
最低投資額
Varies
備註: BitFuFu has a preferential purchase agreement with Bitmain for up to 80,000 S-series machines — this is sometimes overstated as an 'exclusive partnership.' Consumer reviews are poor (Trustpilot 1.4/5) with complaints about unresponsive customer service.

已知騙局同已倒閉服務

詐騙客戶或已經唔再營運嘅公司

已確認騙局

呢啲服務詐騙咗客戶或完全停止付款。

  • HashFlare: HashFlare was a $575 million fraud. The co-founders fabricated 99% of claimed mining capacity, showing fake dashboard performance to approximately 440,000 investors. They pleaded guilty to wire fraud and money laundering in February 2025.
  • Hashing24: Hashing24 operates an advance-fee withdrawal scam. Users report paying $200-$500 initially, then being asked for $1,320, then $2,000 in escalating 'fees' before withdrawals are allowed — which never materialize. Claims of BitFury partnerships are unverified. Flagged by Scamadviser.
  • Scrypt.cc: Scrypt.cc sold cloud mining hash rate (KHS) and claimed to allow real-time trading. The service stopped paying out and is no longer operational. Do not send funds to this service.
  • PB Mining: PB Mining (Piggyback Mining) claimed to operate Bitcoin mining ASICs and offered 'insured' contracts. The service was fraudulent — contracts did not pay out as advertised and the operation shut down.
  • Bitcoin Cloud Services (BCS): Bitcoin Cloud Services was a $500,000 Ponzi scheme that defrauded investors.
  • Zeushash: Zeushash halted all payouts and ceased operations.
  • Bitminer.io: Bitminer.io stopped paying users. Multiple users confirmed they were unable to withdraw funds.

已倒閉服務

呢啲公司已經唔再營運。唔好向佢哋匯款。

  • Genesis Mining: Genesis Mining stopped offering new cloud mining contracts in 2021. Once the largest cloud mining provider, the company is no longer active in the consumer cloud mining space.
  • Minex: Minex presented itself as a blockchain simulation game where users purchased 'Cloudpacks.' The project was abandoned and has no verifiable presence since at least 2024.
  • MinerGate: MinerGate was a mining pool that also offered cloud mining. It reportedly closed in 2023 and is no longer operational.
  • Hashnest: Hashnest was Bitmain's cloud mining platform, offering Antminer rentals. It was quietly discontinued and has no verifiable operations.
  • Bitcoin Cloud Mining: A generic cloud mining service with no verifiable company identity. Contracts were sold out and the service is no longer operational.
  • Eobot: Eobot ceased operations around 2025. Multiple sources list it among 'fallen crypto sites.' Users reported being unable to access the platform or withdraw funds.
  • MineOnCloud: MineOnCloud offered Bitcoin mining contracts but operated obsolete hardware (AntMiner S4s and S5s). The service is no longer operational.