All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The cloud mining provider Geneis Mining has started offering Ethereum cloud mining contracts again after they were not available for a couple of months with the focus more on ZCash cloud mining with GPUs. The new mining contracts are available at a lower price and with an extended 2 Years period with no additional mining fees (everything is included in the price you pay for the hashrate). There is of course a clause in the contract saying that in case Ethereum switches to Proof of Stake (POS) before the contract period ends your hashrate will not disappear, but will instead be switched to the most profitable algorithm to mine at that point of time. Initially we expected to see Ethereum (ETH) switch to POS at some point this year, but this will most likely be delayed and no official date for the switch has been announced yet… and the interest and price of Ethereum has been going up lately once more.
You can currently get 1 MHS Ethereum cloud mining hashrate for $29.99 USD, 30 MHS for $869 USD of 100 MHS for $2799 USD as a preset packages or any custom hashrate in between with discounts for the more you purchase. The Ethereum cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Ethereum cloud mining contract from the company.
Time for a new Windows binary of the latest pre-release version of Genoil’s ethminer 0.9.41 fork 1.1.6 (source). This time the focus is the addition for support of Nicehash’s Ethereum stratum implementation with extranonce subscribe for optimum performance when mining altcoins based on the Dagger-Hashimoto algorithm such as Ethereum (ETH). The binary is compiled with CUDA 8.0, supports both Nvidia CUD and AMD OpenCL mining modes, and is a pre-release version for testing the newly implemented features, you should not expect hashrate increase, though this version should do well when used with NiceHash, so you are welcome to test the new feature and report any issues you encounter. We have already done some comparison on what to expect selling your DaggerHashimoto (Ethash) GPU hashrate at NiceHash with the current price and mining directly for Ethereum and then selling the Ether coins for BTC. The results are below and it seems that even with the current low exchange rate as compared to what it was some days ago before the DAO hack it is still more profitable to mine ETH directly and sell it for BTC.
120 MHS mining hashrate ~ 1 ETH per Day:
– Ethereum Mining – 0.0159 BTC/Day
– Nicehash DaggerHashimoto – 0.0128 BTC/Day
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.