All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Genesis Mining, the world’s leading hashpower provider for cloud mining, is announcing a new promotion for its existing and new customers. Genesis Mining provides cloud mining capabilities to those who want to mine cryptocurrencies without using costly hardware at home.
Black Friday and Cyber Monday are right around the corner and Genesis Mining will be doing a sale from 12:00AM UTC on Friday all the way through Cyber Monday (12:00AM UTC Tuesday). During the sale all Genesis Mining products will be 5% off!
Cryptocurrency mining contracts Genesis Mining currently offers:
Why Cloud Mining? Mining cryptocurrencies requires the use of sophisticated computer hardware. Most people don’t want to maintain this hardware, and even for those that have the expertise, the costs of energy, cooling, and maintenance often undermine mining profits. Genesis Mining offers cloud mining by giving it’s customers hashpower from an incredibly efficient mine that uses Iceland’s geothermal energy to provide peak efficiency at minimal cost.
For those interested in a cloud mining experience, you can check the pricing page that will include the Black Friday/Cyber Monday promotion on Thursday at 12:00AM UTC.
Since the promotional pricing is already applied when you purchase a new contract during the promotional period you should be able to also use additional discount codes as well. So you can use our discount code CryptoMiningBlog5 and get additional 3% off the already discounted prices for cloud mining hahsrate in the Black Friday/Cyber Monday Promotion.
Ethereum is one of the fastest growing cryptocurrencies next to Bitcoin. Just a few months ago, the price was $1, then it shot up to $13 and today it has settled at just under $10. This rapid growth excited investors who were eager not to miss out on another hyper-growth investment opportunity.
While some choose to invest in Ethereum directly, many are turning to Cloud Mining to enter the market. Genesis Mining, the world’s largest cloud mining provider and first Ethereum cloud miner, announced today a significant decrease in their price to mine Ether.
Starting today, the price will be $37 per MH/s, reduced from the current rate of $44 per MH/s. Discussing this price change, Genesis Mining co-founder and CEO Marco Streng stated, “Every day, we are working to reduce operational costs to mine on behalf of our 200,000 customers and every time we have the opportunity to provide greater ROI potential and value to our customers, we are honored”.
Following the price reduction announcement, Genesis Mining released footage of their Ether cloud mining farm, Enigma, which is the largest Ether cloud mining farm in the world. You can view the newly released footage here. CTO of Genesis Mining, Stefan Schindler stated “The reason we are able to continue reducing the price for our customers is due to heavy optimization of the Enigma farm and economy of scale. We are proud of bringing Ether Mining mass deployments to a next dimension with Enigma.”
Like all cryptocurrencies, the future of Ether remains uncertain, but the tone of the conversation surrounding Ether is different than almost any other cryptocurrency. Discussing the excitement, Streng stated, “We believe it is headed to the moon and we are building a rocketship to make sure our customers do not miss out”.
Should you decide to purchase some Ethereum cloud mining hashrate you can get an extra discount from the already lowered regular price by using our special promotional coupon code CryptoMiningBlog5 during the checkout.
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.