All About BTC, LTC, ETH mining as well as other alternative crypto currencies
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.
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.