RHY

Estimated reading time: 3 min
Promising

Specs

  • Rating:
  • Payments:
  • Entry on: 2016
  • Type of mining: Hosting, Cloud
  • Equipment market:
  • Supported coins: BTC, ETH, LTC
  • For users: Experts
  • Language:

We provide unbiased reviews. Mining Advisor is an independent company that buys and tests the best products on the market.

The company

RHY is an important Asian mining company based in Singapore, very well known in Asia and only in recent times it is also establishing itself in the rest of the world.

The company has been active since 2016 and is certainly one of the leaders in the mining sector offering the possibility to mine BTC and ETH with the latest generation ASIC/GPU miners in cloud and hosting.

Of RHY there are videos and photos of the different Farms, today it has more than 450MW of energy availability and has about 300,000 miners installed, obviously we are talking about one of the biggest realities in mining and this is still a good guarantee.

Among the services offered, it offers the sale of entire miners as some competitors do (in cloud hosting) and also allows you to buy hashrate packages “all inclusive”.

It does not offer many cloud mining packs but they are quite interesting compared to the market average.

We would certainly have preferred to have more intuitive functions and easier steps in the customer interface, it is not so intuitive at first use and is not really recommended to those who do not already know a minimum of this type of products.

Our experience

We have been users of the platform since 2018, to date we have never had any kind of problem and when we turned to technical support we received answers relatively quickly.

On RHY, as we have already had the opportunity to say before, we don’t have the possibility to undermine many coin but only the two main ones so mining available for BTC and ETH.

The conditions of the packs are not always clear and it is preferable to make several calculations to understand which pack is closest to our ROI expectations.

For new customers they offer interesting promotions and packs, sometimes not buyable by active customers, with the aim of making the service known to an increasing number of customers.

RHY allows you to pay only with crypto currency, does not currently accept credit cards and bank transfer. Honestly, the limit to only crypto some payment method is a great limit, especially for customers at first experiences or for those who prefer to pay in FIAT currency ( $ and € ).

Customer support is good and payments have always been regular with withdrawal times always within 48 hours.

Are always proposed miners for sale and hosting, in these cases the returns may be better than buying hashrate, the fees should be evaluated carefully because they are not always the best on the market since they also offer an extra % of maintenance on the mined (we recommend you to be very careful not to underestimate this aspect that could make a difference compared to other companies).

Absolutely one of the most tried and tested platforms used in mining.

Advantages

  • Good fees compared to the market average.
  • Fast and paying withdrawals from 2016.
  • Offer miners for sale and hosting.
  • Lots of videos and photos of Farms.

Disadvantages

  • Intuitive interface at first use.
  • Few types of mining contracts.
  • Mining only for BTC and ETH.
  • Credit cards and bank transfer are not accepted.

Conclusion

RHY has been present in the mining market since 2016, has had a constant growth and has always maintained an excellent reputation in Asia and has certainly positioned itself among the leaders in the sector. It is only in recent periods that it has been gaining customers all over the world.

We have known it since 2018, we have had the opportunity to try it again and use some types of packs.

Withdrawals have always been fast and we have never had any particular problems, honestly we would have liked to invest again on this platform but the lack of credit card payments and fees not always aligned with our expectations led us to invest in other companies. Having only crypto as payment method is a big limit.

Fees are not well understood by inexperienced users and also for this reason we recommend it to more experienced users and not to those who approach the world of mining for the first time, you could make a mistake buying for several reasons.

In recent years it has certainly proved to be a serious company.

The positioning is based on certain and objective criteria, not “conditionable”, it is not possible to buy a better position or review.