All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Hashflare is the second cloud mining service provider to start offering Ethereum. After a long period of pre-orders being accepted this Monday (March 21st) the first batch of Ethereum cloud mining hashrate went online and now the company is now taking pre-orders for the second batch that is expected to start mining sometime between April 4th and 11th, so if you purchase now you will have to wait some time before you start earning anything. Unlike the SHA-256 and SCrypt cloud mining hashrate that the service offers where it pays in Bitcoin only, with Ethereum cloud mining you are getting payments in Ethereum coins
The minimum you can purchase is 100 KHS with a regular price of $4.25 USD per 100 KHS or $42.50 USD for 1 MHS hashrate. The mining contracts are with 1 year duration and everything is included in the price of the hashrate, so there are no extra fees that you need to pay. It is not very clear however what will happen if Ethereum switches to POS phase before the end of your 1 year contract. There is a promotional code available that can help you get 25% discount from the regular price for purchases of 10 MHS or more, just enter the following discount code when checking out HF16ETHASH25M. If you don’t want to pre-order cloud mining hashrate and wait for the mining to start, then you can always go to Genesis Mining that has been offering users ETH hashrate for quite some time and after you purchase it will start mining for you right now.
The cloud mining service provider Hashflare has officially announced their plans to start offering Ethereum cloud mining hashrate with pre-orders already active and mining expected to start on March 21st. The contracts are with 1 year term with everything included in the price of the hashrate, so no extra expenses for the user. The price is set at $4.25 USD per 100 KHS (0.1 MHS) or with other words $42.25 USD per Megahash worth of Ethereum mining hashrate. There is currently a promotional offer for pre-orders that will allow you to purchase hashrate at a discounted price of $3.74 USD per 100 KHS or $37.4 USD per MHS (12% discount for the pre-orders) if you use the following promotional code when checking out HF16ETHER12.
The service is already offering Bitcoin and Litecoin cloud mining hashrate contracts, though both are being paid to users in BTC. Their new Ethereum cloud mining offer is apparently based on what Genesis Mining is already offering, though Hashflare apparently wants to attract customers with a lower price. The problem is that they have announced their plans about 1 month prior to actually starting to mine Ethereum and for that 1 month a lot can change – much higher mining difficulty or significant drop in price etc. that makes this investment riskier. There is also no information what will happen with the purchased hashrate in case Ethereum switches to PoS before the end of the 1 year term of the contract. So be careful when weighting in the pros and cons of this offer.
The Bitcoin cloud mining service MiningSweden is now almost one year old now, though we have started testing and using the service back in May last year. The interesting thing about the company is that it offers two types of the so called mining shares that get you Bitcoin cloud mining hashrate – standard and VIP shares. The slightly more expensive VIP shares are supposed to provide users with extra profit based on the number of shares owned and the total profit of the company behind the project, besides the standard cloud mining hashrate that brings you mining profits. The extra payment that the VIP shares will bring their owners is supposed to be paid after the end of March when the company will close the business year and its profits will be calculated. So payments will be sent to VIP share owners in April most likely and we are going to finally see how the extra investment for VIP shares will pay out over the standard mined coins we got from the cloud mining hashrate.
Meanwhile there are still more VIP shares available (over forty thousand) from the total of 100K that were supposed to be available and sold to users, so you can buy not only standard mining shares with 20 GHS cloud mining hashrate per share for $9.69 USD at the moment, but also VIP shares in promotional multiple packs. You can currently get 1 VIP share along with 10 GHS cloud mining hashrate for $6.90 USD, pack of 10 VIP shares with 100 GHS for $68.25 USD, pack of 50 VIP shares with 500 GHS for $325 USD or 100 VIP shares with 1000 GHS for $614 USD. So far our experience using the service has been one of the most problem free and pleasant ones among all cloud mining services that we have tried, so we would recommend to check out the service if you have not done so. The only thing that we have found somewhat lacking is the lack of more regular information and updates with news, something that is somewhat of a general problem for many such services.