All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The cloud mining service provider Genesis Mining now offers more Ethereum cloud mining hashrate after briefly being out of stock due to the high user demand. Unfortunately the return of more available Ethereum cloud mining hashrate for sale comes with a significantly higher price per MHS than it was available for before. Previously 1 year mining contracts were available at $17.99 USD per MHS with all included fees for the term of the contract and now the price is set at $44 USD per MHS for the same terms or more than double the old price. One can argue that in the recent days there has been a significant jump in the exchange rate of Ethereum’s Ether (ETH) coins on the market, more than double, and the performance per GPU is lower because of the increasing DAG size, but it is not clear if this will be a long term price increase or it is just temporary jump. So while at the old price the Ethereum cloud mining contracts were very attractive, but they are not anymore now that their price has been significantly increased… will have to wait and see. Meanwhile should you decide to purchase some Ethereum cloud mining hashrate you can get an extra 5% discount from the regular price by using our special promotional coupon code CryptoMiningBlog5 during the checkout.
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 new cryptocurrency investment platform has been launched called OXBTC that combines Bitcoin and Litecoin cloud mining with Bitcoin and Litecoin deposits with interest. What the service essentially combines is the ZeusHash cloud mining platform with the HalleyBTC Bitcoin savings investment platform and is apparently operated by the same people behind these two other services. OXBTC extends a bit the basic functionality offered by the other two platforms and combines them into a single one to make it easy for users, or this should be the idea, but it could as easy be considered as a rebranding just to attract new customers. The claims that they are making about the “World’s Highest ROI” on their homepage are probably a bit far fetched, especially with the cloud mining with the not so low prices and the recent serious jump in the difficulty of the Bitcoin network especially, so the part with the deposits with interest might be more attractive option.
The extra advantage available here is that you can have both deposits in BTC and in LTC and you have two options – 0.02% daily interest rate on deposits or 30-day fixed deposit with 15% Expected APY, available for both Bitcoin and Litecoin. The difference from HalleyBTC is the availability of Litecoin deposits here, however the 90-day Fixed deposit with 17% Expected APY is not available at OXBTC.
The other option you have is to invest in cloud mining hashrate and you again have the option to purchase both SHA256 hashrate for mining Bitcoin as well as Scrypt hashrate for mining Litecoin, just like on ZeusHash, however here you should also have the ability to trade the hashrate you have purchased. The market for trading BTC and LTC cloud mining hashrate however is still not operational apparently as the service has just launched, so it will most likely become active shortly. The regular price for cloud mining hashrate is 0.499 USD per GHS for Bitcoin hashrate (Maintenance Fee: $0.0009 / GHS / Day) and 13 USD per MHS for Litecoin hashrate (Maintenance Fee: $0.02 / MHS / Day). The prices here are a bit higher than they were at ZeusMiner, but the maintenance fee is a bit lower and OXBTC also offers Scrypt hashrate that is no longer available for quite some time at ZeusMiner.
The new platform might seem quite interesting to check out, however we would advice caution with it, because it is apparently being operated by the same people behind ZeusMiner and ZeusHash and we have seen some negative things from them. For example there were numerous issues with their cloud mining platform and even at the moment ZeusMiner is not fully functional, wallets are not working and you cannot withdraw any balances and mining does not seem to be working. Their other platform HalleyBTC does seem to be working fine for the moment, but we would still advice caution – better be safe than sorry. Still, more out of curiosity, we are going to be checking out the new service to see what they have made this time.