All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The second batch of 100 MHS that was released for sale at the Scryptcc cloud mining service by the service providers has been completely sold. This means that currently all of the trades of KHS going on at the exchange are between users that have purchased hashrate and as a result the exchange rate has started to go up. The initial price per KHS was 0.00144444 BTC and now the cheapest price you can purchase has gone up to 0.00144998 BTC per KHS and will probably continue to increase if the demand goes up. The Scryptcc hashrate provided by the service is total of 200 MHS of Scrypt mining power out of which we have purchased some extra KHS going from the 239 KHS that we’ve already had to 404 KHS as a part of our testing of the cloud mining service.
With the current exchange rate per KHS at Scryptcc going up means that if you purchase hashrate now the break even in time will be longer than if you have purchased a few days ago. The return of investment time of course also depends on the current profitability of the alternative crypto currency being mined by the service and the Income Calculator reports 174 days at the moment. Today we also got a message from the support that they are working on some of the problems we have reported, so hopefully in the next few days they will be finally able to resolve the issues that are more of an annoyance than something serious, but still need to be fixed. We’ll keep you updated on the progress of our testing as for now we are going to keep reinvesting what we earn from the 404 KHS that we currently have purchased. If the price per KHS continues to get higher we may also decide to sell some hashrate as so far we have only been purchasing KHS, as this is a good way to make some extra and quick profit, unless of course the service providers decide to add another batch of 100 MHS for sale.