Checking Out the Current ZeusHash Cloud Mining Profitability

3 Nov
2014

zeushash-current-profitability

Now that ZeusMiner has announced that they are cancelling the Volcano and GEN III chips and focusing on their cloud mining platform ZeusHash we decided to do a check on its profitability. Taking as a base 1 MHS Scrypt hashrate with a price of $15.99 USD with $0.059 USD per MHS maintenance fee and 1 GHS SHA-256 hashrate at a price of $0.889 USD and $0.003 USD per GHS daily maintenance fee. In the table above we calculated what is the current estimated earnings and what are the actual earnings from ZeusHash for the last 24 hours and then have subtracted the maintenance fees from the total earned amount. We have used the current LTC price of about $3.58 USD and BTC price of about $326 USD to estimate the actual earnings as the maintenance fees remain in USD. As you can see from the table above with the current low prices of LTC and BTC over 60% of your mined coins go towards the maintenance fees, making your actual profit a small part of what you have actually mined. When you do the math and calculate the ROI time with the current market conditions the end result is not pleasing – close to a year and a half if the difficulty does not increase and the prices remain the same.

Update: A few hours after we have published this article ZeusHash maintenance fee for Bitcoin cloud mining hashrate has been lowered from $0.003 USD per GHS down to $0.0023 USD, so we have reflected the updated price in the table above. With the new lower fees the percent you need to pay as fees for the Bitcoin rate is below 50%, making the investment in Bitcoin mining hashrate seem like the better choice of the two. Normally you’d expect that to be other way around considering that ZeusMiner is making LTC ASIC miners and their BTC mining hardware comes from partners.

For more information about ZeusHash and their cloud mining prices and services…



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3 Responses to Checking Out the Current ZeusHash Cloud Mining Profitability

dreddjudge

November 3rd, 2014 at 17:17

I think they are all keeping the fees inflated because they know they can get away with it and that’s where the real money is.

Gabralkhan

November 3rd, 2014 at 18:45

You will have to update the article as ZeusHash just announced that the fees on SHA-256 are lowered by 23 % starting today.

golu

September 29th, 2016 at 16:04

I think they are all keeping the fees inflated because they know they can get away with it and that’s where the real money is.

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