Genesis Mining With Alternative SHA-256 Coins You Can Choose to Mine

2 Dec
2014

genesis-mining-new-sha-256d-coins

The cloud mining service Genesis Mining has added options for its users to mine alternative SHA-256 based crypto coins besides Bitcoin with the purchased hashrate. This is probably the first and only one to offer such service for cloud mining contracts for SHA-256 hashrate, just like they also did with the Scrypt cloud mining hashrate and the option for mining alternative coins and not only LTC. The new SHA-256 coin that you can choose to is currently Unobtanium (UNO), or you can choose to have your most profitable coins mined and automatically exchanged for BitcoinDark (BTCD), DarkCoin (DRK) or Litecoin (LTC).

Genesis Mining has been out of stock for their Scrypt cloud mining hashrate for a while, so currently you can only purchase SHA-256 cloud hashrate and the ability to mine only UNO or BTCD or to share your hashrate between these is interesting, and hopefully we are going to see some other coins available soon. Regarding Scrypt hashrate, since the hardware supplier for the hashrate was ZeusMiner and with regards to the company recently cancelling their plans for next generation chips probably the service will have to find another hardware supplier before offering more hashrate to customers. So for the moment Genesis Mining is only offering SHA-256 cloud mining hashrate that is no longer limited for mining Bitcoins and there should be no problems with availability since the supplier for the hardware here is Spondoolies Tech.

For more information about the currently available services from Genesis Mining…



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3 Responses to Genesis Mining With Alternative SHA-256 Coins You Can Choose to Mine

Larry Cole

December 3rd, 2014 at 02:02

Looks like a real opportunity, especially since prices are reduced since cybermonday yesterday… Have not seen this on any other cloudmining provider so far!

Hope the scrypt contracts are soon coming back online again.

shawn

December 13th, 2015 at 20:52

So is this article telling me it is possible to mine litecoins with my SHA256 contract i specifically just want to know for litecoin I got a SHA256 contract and I have my hash on the litecoins I am hoping to get i better benefit with hash applied to the litecoins.

Thanks
Shawn

admin

December 14th, 2015 at 09:48

Obviously there is no way to mine a Scrypt coin with SHA256 hashrate, if you choose a coin that is not SHA256 like Bitcoin you will be mining BTC and then the service will autoconvert the mined BTC to LTC.

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