All About Bitcoin and Litecoin mining and other alternative crypto currencies
The Bitcoin network difficulty is skyrocketing lately and as the trend continues buying ASIC miners or cloud mining hashrate at the old prices that were available for the last few months was not a very good idea as the mining profit dropped significantly even though the BTC exchange rate has risen as well. Today Genesis Mining has announced a significant decrease in the price of Bitcoin cloud mining hashrate as well as a reduction in the maintenance fee thanks to the deployment of new mining hardware. The new prices are as follows: $26 USD for 100 GHS ($0.26 per GHS) Lifetime Bitcoin mining plan, $499 USD for 2000 GHS hashrate ($0.25 per GHS) and $2400 USD for 10 THS ($0.24 per GHS). These new prices are for new purchases of hashrate at the service and they also come with new lower maintenance fee of $0.00055 USD per GHS down from the old fee of $0.00069 USD per GHS per day. This should make new purchases of Bitcoin cloud mining hashrate more profitable for the time being, though it seems that the total Bitcoin network difficulty is continuing to grow quite rapidly so you should think well before doing an investment in mining hashrate and that goes not only for cloud mining for BTC.
The cloud mining service still offers X11 cloud mining hashrate as well via GPUs, but it has been temporary out of stock of Ethereum (ETH) cloud mining hashrate due to the high demand that is associated with the recent serious jump in the price of the Ether coins. We are being promised that there will be new GPUs installed soon and more Ethereum cloud mining hashrate should become available for miners that are interested in purchasing such. If you decide to purchase some cloud mining hashrate do not forget that you can get an extra 5% discount from the regular price by using our coupon code CryptoMiningBlog5 during the checkout, so do take advantage from that special offer.
A quick reminder that in a few hours the official launch of Decred (DCR), a new interesting PoW/PoS altcoin is happening. Decred is currently running on testnet with the official launch of the mainnet planned on 12:00 PM CST February 8th, 2016 – you can watch a live countdown here. here crypto currency uses Blake256 14-rounds algorithm for mining and there is a cgminer fork (source) already available, though currently only getwork is supported and not stratum. The cgminer for Decred GPU mining is available below, compiled for 64-bit Windows, ready for mining solo or on some of the mining pools for DCR. This cgminer works on both AMD and Nvidia GPUs as the currently available ccMiner forks from tpruvot and sp do not yet have support for Decred even though they do have support for Blake256 14-rounds algorithm.
If you manage to catch the official launch it is better to start by solo mining with a local wallet as this might be more profitable at the start and then switch to some of the available Decred (DCR) mining pools. This might be a bit of a challenge however as there is no yet a GUI wallet for the coin, so you will need to use the console version of the wallet to make things work before you are able to start mining solo. There are already binaries available for the wallet, but they are password protected and the password will be posted at the coin’s launch. So you have a few hours to get everything downloaded and ready for the official launch, you can even test on the testnet before the launch of the main network to make sure everything is working properly.
Finding an online wallet for Bitcoin might be an easy thing to do as there are quite a few, but when it comes to online altcoin wallets things may become harder and online wallets for multiple coins are even harder to find. Add to that the ability to earn interest from Proof of Stake altcoins and you only get a few options available with CoinWallet probably being the most versatile supporting a total of 58 different crypto currencies including many PoS coins. The number of supported altcoins with Proof of Stake that will earn you interest on the stored coins in the wallet is 34 out of the 58 in total that are currently supported by the service.
List of all currently supported crypto coins:
– Archcoin (ARCH), Bitbean (BITB), Bitcoin (BTC), Bitcoindark (BTCD), Blackcoin (BLK), Cannabiscoin (CANN), Carboncoin (CARB), Clams (CLAM), Dash (DASH), Diamondcoin (DMD), Digibyte (DGB), Digitalcoin (DGC), Dogecoin (DOGE), Dopecoin (DOPE), Emercoin (EMC), Energycoin (ENRG), Europecoin (ERC), Feathercoin (FTC), Gamecredits (GMC), Gridcoin (GRC), Groestlcoin (GRS), Hyperstake (HYP), iCash (ICASH), Limecoinx (LIMX), Litecoin (LTC), Magi (XMG), MasterTraderCoin (MTR), Megacoin (MEC), Metalcoin (METAL), Mindcoin (MND), Mintcoin (MINT), Nakamotodark (NKT), Netcoin (NET), Noblecoin (NOBL), Nubits (NBT), OKcash (OK), Orbitcoin (ORB), Peercoin (PPC), Potcoin (POT), Primecoin (XPM), Quatloo (QTL), Quotient (XQN), Reddcoin (RDD), Rubycoin (RBY), Sapience (XAI), Shadowcash (SDC), Solarcoin (SLR), Spreadcoin (SPR), Startcoin (START), Syscoin (SYS), TEKcoin (TEK), Titcoin (TIT), Transfercoin (TX), Unobtanium (UNO), Vericoin (VRC), VPNcoin (VPN), Warpcoin (WARP), Zetacoin (ZET).
The service charges a small PoS pool mining fee of either 1% or 2% for the different supported coins and the fee is deducted from the total of the staked coins with the rest distributed among all of the users with mature coins. The other small fee charged by the service is when you are withdrawing coins, the fee is 0.25% for Bitcoin and 0.50% for all of the other alternative crypto coins that are supported.
When you have some coins deposited in your CoinWallet online wallet you can use some interesting extra features such as sending coins by email with no extra fees. The other useful thing you will get access to is a Twitter tipping service allowing you to easily send and receive various coins in the form of tips, though in order to be able to use the Twitter tipping Bot you need to connect your Twitter account with your online wallet. Note that you can receive tips to your Twitter account before you have registered with CoinWallet (or connected your Twitter account) as tips will remain pending until you register and connect your accounts.