This guide is provided for general informational purposes only Dec 10, 2017 - Calculations are made using our cloud mining calculator, try it out here: www.
Genesis Mining offers cloud mining by giving it’s customers hashpower from an incredibly efficient mine that uses Iceland’s geothermal energy to provide peak efficiency at minimal cost.. ” Like all cryptocurrencies, the future of Ether remains uncertain, but the tone of the conversation surrounding Ether is different than almost any other cryptocurrency.
Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies.. These numbers were calculated on 10th December 2017 In this comparison we work out profitability using a $30 initial investment (scaled down for Monero & ZCash, where contracts start at $50).
92 per week, $200 after 2 years Skeptical: $0 68 per week, $71 after 2 years *For open-ended contracts you pay a daily fee, this is included.. You can view the CTO of Genesis Mining, Stefan Schindler stated “The reason we are able to continue reducing the price for our customers is due to heavy optimization of the Enigma farm and economy of scale.. This website is monetised through affiliate links Where used, we will disclose this and make no attempt to hide it.. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others.. This rapid growth excited investors who were eager not to miss out on another hyper-growth investment opportunity.. There is of course a clause in the contract saying that in case Ethereum switches to Proof of Stake (POS) before the contract period ends your hashrate will not disappear, but will instead be switched to the most profitable algorithm to mine at that point of time.. The world’s leading hashpower provider for cloud mining, is announcing a new promotion for its existing and new customers.. Discussing the excitement, Streng stated, “We believe it is headed to the moon and we are building a rocketship to make sure our customers do not miss out”.. We are proud of bringing Ether Mining mass deployments to a next dimension with Enigma.. So you can use our discount code CryptoMiningBlog5 and get additional 3% off the already discounted prices for cloud mining hahsrate in the Black Friday/Cyber Monday Promotion.. Most people don’t want to maintain this hardware, and even for those that have the expertise, the costs of energy, cooling, and maintenance often undermine mining profits.. Following the price reduction announcement, released footage of their Ether cloud mining farm, Enigma, which is the largest Ether cloud mining farm in the world.. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors.. Genesis Mining, the world’s largest cloud mining provider and first Ethereum cloud miner, announced today a significant decrease in their price to mine Ether.. Don't rush into anything, do your own research As we write new content, we will update this disclaimer to encompass it.. Starting today, the price will be $37 per MH/s, reduced from the current rate of $44 per MH/s.. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics.. The Ethereum cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate.. Calculations are made using our cloud mining calculator, try it out here: We did a similar comparison for.. Related Guides The cloud mining provider has started offering Ethereum cloud mining contracts again after they were not available for a couple of months with the focus more on ZCash cloud mining with GPUs.. You can currently get 1 MHS Ethereum cloud mining hashrate for $29 99 USD, 30 MHS for $869 USD of 100 MHS for $2799 USD as a preset packages or any custom hashrate in between with discounts for the more you purchase.. Since the promotional pricing is already applied when you purchase a new contract during the promotional period you should be able to also use additional discount codes as well.. Black Friday and Cyber Monday are right around the corner and Genesis Mining will be doing a sale from 12:00AM UTC on Friday all the way through Cyber Monday (12:00AM UTC Tuesday).. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.. During the sale all Genesis Mining products will be 5% off! Cryptocurrency mining contracts Genesis Mining currently offers: – Bitcoin – Ethereum – X11 Why Cloud Mining? Mining cryptocurrencies requires the use of sophisticated computer hardware.. The new mining contracts are available at a lower price and with an extended 2 Years period with no additional mining fees (everything is included in the price you pay for the hashrate).. • Oct 6th, 2017 (Updated Jan 26th, 2018) • This guide gives the current profitability of all cloud mining contracts on Genesis Mining.. Ethereum is one of the fastest growing cryptocurrencies next to Bitcoin Just a few months ago, the price was $1, then it shot up to $13 and today it has settled at just under $10.. Anything Crypto is UK-based and not regulated by the FCA (Financial Conduct Authority).. Genesis Mining provides cloud mining capabilities to those who want to mine cryptocurrencies without using costly hardware at home.. The contract expires when this fee vs your earnings is no longer profitable, which could happen if the price dropped by around 3x for a significant time.. Initially we expected to see Ethereum (ETH) switch to POS at some point this year, but this will most likely be delayed and no official date for the switch has been announced yet and the interest and price of Ethereum has been going up lately once more.. While some choose to invest in Ethereum directly, many are turning to Cloud Mining to enter the market.. Discussing this price change, Genesis Mining co-founder and CEO Marco Streng stated, “Every day, we are working to reduce operational costs to mine on behalf of our 200,000 customers and every time we have the opportunity to provide greater ROI potential and value to our customers, we are honored”.. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these.. If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi.. Generally all of their plans decrease by about 10% if you invest 10x more (e g If you invest $300, you get 10% better value than investing $30).. Should you decide to purchase some Ethereum cloud mining hashrate you can get an extra discount from the already lowered regular price by using our special promotional coupon code CryptoMiningBlog5 during the checkout.. For those interested in a cloud mining experience, you can check the that will include the Black Friday/Cyber Monday promotion on Thursday at 12:00AM UTC.. anythingcrypto com/cloud-mining-calculators/medium We did a similar The contract expires when this fee vs your earnings is no longer profitable, which could happen if the price dropped by around 3x for a significant time.. If after reading this you still want to buy a contract (we encourage you to do your own research too as there's a very real risk that you might not get your money back with cloud mining), use our to get 3% off ( DR3jxb at checkout).. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Ethereum cloud mining contract from the company.. Profitability of a $30 investment in each of Genesis Mining's contracts: Bitcoin (current price $15,650) 168 GH/s, Open-Ended Optimistic: $1.
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