All About BTC, LTC, ETH mining as well as other alternative crypto currencies
HashFlare is a new cloud mining service that we’ve just discovered, apparently a part of the European company HashCoins that manufactures ASIC miners. There is a bit of controversy surrounding the ASIC maker, but it has been available for a while and apparently has shipped some miners already with more available for pre-order. We have not tested any of their hardware miners, but their cloud mining service is something that we are going to be testing. If you are interested in their mining hardware we suggest that you read a bit about the company and their products released so far, as their upcoming products do not seem very attractive price wise at the moment. Their cloud mining prices do seem a bit more interesting though, but don’t expect them to be the best out there.
It is interesting to mention that the cloud mining service does offer Scrypt Cloud Mining at $9.95 per 1 MHS, something that is not worth investing at all at the moment in due to the very high price per megahash and very low ROI you can expect (less than 1 USD a month) due to the daily fee of $0.01 USD per megahash. The Bitcoin cloud mining hashrate prices do seem much better than he Scrypt ones, though we’ve seen better than $4.45 USD per 10 GHS with a daily fee of $0.01 USD per 10 GHS. Interestingly enough the service apparently also plans to offer Scrypt-N cloud mining powered by GPUs, even though that has not been profitable to mine for quite a while now and with the mother company having already announced upcoming Scrypt-N capable ASIC miners. So if you want to check the service out the only thing that is worth to go for is the SHA-256 cloud mining hashrate, and as usual we would not recommend to go with a large investment in a new service that has recently been launched.
We have already purchased 100 GHS worth of Bitcoin cloud mining hashrate as an initial test at the service just to test things and we have even found some promotional codes that can give you discount from the regular prices. So if you do want to try HashFlare you might want to use the promo code for 5% off for purchases over 250 GHS – HF15SMMR5P2 or 20% off for purchases over 2500 GHS – HF15SMMR20P2, the codes should be valid for Scrypt hashrate as well. We have paid for the hashrate with Bitcoins and as soon as the first network confirmation was received the hashrate was available in our account, so it started mining for us. There are alternative ways to pay for hashrate such as with wire transfer or a credit card also available aside from the BTC option. You can apparently also purchase additional hashrate with coins you have mined and have available in your balance, so you can easily reinvest some of the miner coins for more hashrate. Another interesting feature is the ability to select up to 3 different pools to spread your hashrate from a list of pools available, you do not need to add workers or to have registration in any of the pools available. Do note that apparently the poos you choose and the percentage of your hashrate available at each pool may apparently affect your mining profitability.
Genesis Mining has just announced that they are going to be giving away special discount codes for cloud mining contracts to users at the Inside Bitcoins NYC, State of Digital Money LA, and Inside Bitcoins Hong Kong conferences that they will be attending at. Since not everybody that might be interested will be able to join these events they are offering the same special discounts listed below to the first 100 people that use the following promotional code EasyMine33nfA2:
The following discounts will be valid for purchases made in the next 14 days:
– 7.77% off your first purchase
– 9.99% off your second purchase
– 11.11% off your third purchase
Act fast in order to be able to take the advantage of these special higher discounts using the promo code above, or visit one of the mentioned conferences to get a promo code with the same discounts. You can also take advantage of our special promotional code for purchases at Genesis Mining that is offering 5% discount for every purchase you make – CryptoMiningBlog5. This discount code is not going to expire and can be used for every purchase you make, so make sure you write it down if you are cloud mining at Genesis Mining or plan to do so in the future.
While some cloud mining companies are terminating their contracts or are in the verge of doing leaving many not very happy customers, others like Genesis Mining are apparently here to stay. They have just announced new lower prices for the Bitcoin cloud mining hashrate that they offer along with lower maintenance fees for the existing and new customers. The new prices are as follows: 50 GHS are available for $24.49 USD ($0.49 per GH/s), 1000 GHS for $469 USD ($0.47 per GH/s) and 15000 GHS for $6750 USD ($0.45 per GH/s) this is down about 30% from the old prices. Furthermore the maintenance fee has been lowered from $0.002 USD down to $0.0015 USD per GHS per day, or with other words this should save you 25%. You can also use our special promo code – CryptoMiningBlog5 that will give you an extra 5% discount on every purchase at Genesis Mining to get even better prices.