All About BTC, LTC, ETH mining as well as other alternative crypto currencies
We haven’t written anything about ZeusHash for quite a while, since their partnership with Halley China, a large scale mining operator among the top in China. Well, today they have made an interesting announcement that made us take another look at their new offering as it sounds quite interesting and promising. It is a new cloud mining contract for a limited period that has no maintenance fees and at the end of the contract’s period you get your investment returned to you plus you keep what has been mined. The new cloud mining contract is called VGHS as Batch I VGHS hashrate is being sold for a period of 30 days at a price of $2.999 USD per VGHS. The price per GHS is a bit high for a 30 day period, even with maintenance fees included, but considering that after a month you will get back what you have paid for the hashrate plus what you have mined for that period of time it may not be a bad deal at all.
So what is the catch here? Well, the new VGHS cloud mining contracts from ZeusHash do seem more like an investment plan or a loan that users can give to the company and get the mined coins as an interest (currently it means you get about 3% interest for one month). This way the company has 30 days to operate with the money invested by the users before returning them back. It seems that lately this kind of offers are more beneficial for both users and mining operations as they offer more security and less risk than traditional cloud mining deals. So will this bring ZeusHash back in the game or not, it depends on how they manage to work things out with their new offer, but it does seem like an interesting alternative to other offers already. For the ones that are more interested in the traditional plans for Bitcoin cloud mining, there is a one week promotion starting today with a 10% PRICE CUT for Halley GHS that are still being offered.
The cloud mining service ZeusHash has started a new promotion for users of the service giving them the chance to get some HashBuffs that may give users of the service some boost in profitability. The new promotion is for collecting HashScore by doing various things and then you can redeem the collected HashScore for HashBuff upgrades. The promotion will run from today November 27th until December 3rd and the HashBuff upgrades you can win during this time via HashScore apply for new orders only and if unused they will expire in 7 days. The way we understand this is that if you for example win a 1 Day double payout and you activate it you will only benefit from it only if you also purchase some hashrate after you activate, it will not double the payout for the hashrate that you already own, the same should also apply for the zero maintenance fee HashBuffs. The only more interesting HashBuffs that should give you a nice advantage are the 5 GHS and 100 GHS extra hashrate, but these are probably the hardest to get and they still need a new hashrate purchase to be activated and the bonus hashrate to be credited to your account.
We have tried the HashScore lottery already just out of curiosity as we’ve had some points in our account, so we’ve decided to spend them and thus try our luck. The result from 6 tries to win HashBuff upgrades were 1x 5GHS Extra Hashrate, 2x 1 Day Double Payout and 1x 1 Day 0 Maintenance Fee. Do note that you need to actually activate the won HashBuffs in order for them to do what they are giving you as an advantage and you have 7 days to do so or you will loose them – this means you need to make a separate purchase of hashrate for each and every HashBuff in 7 days after you’ve won it. The funny thing is that when we try to directly activate our 5 GHS Extra Hashrate HashBuff it does nothing, we neither get extra hashrate, nor we get the HashBuff marked as used. After a bit of digging we have found out that even the Extra Hashrate HashBuff upgrades do require you to purchase new hashrate in order for them to be applied, just like all the other HashBuffs do.
We can say that ZeusHash has been quite active lately in trying to promote their cloud mining service via various promotions like the latest one, and although these could add something fun to the cloud mining thing and engage users, the end result is not so good. What the ultimate goal of all these things is to bring more people to the service and to sell them more hashrate, either for Bitcoin or Litecoin cloud mining. However these do not seem to work pretty well and the actual reason for that is the not overly attractive prices for hashrate, combined with the high maintenance fees that result in pretty low actual profit. Unless that changes whatever clever or fun promotions the service thinks of it will probably not attract that much new users that will be ready to invest into hashrate.
It seems that ZeusMiner is now pretty much a cloud mining service provider as the company is apparently moving towards focusing on offering Bitcoin and Litecoin cloud mining hashrate though their service ZeusHash. The company has been announcing multiple partnerships with other ASIC manufacturers, but the focus of these is towards getting mining hardware for their cloud mining service as apparently ZeusMiner has no plans to continue making hardware themselves after canceling their GEN III product plans. A new partnership has been announced with Gridseed as a hardware provider for the cloud mining operation along with a slight reduction of the current maintenance fees from $0.059 to $0.058 USD per MHS for the Scrypt hashrate. Gridseed has been silent for a while now after being the first company to go out with Scrypt ASIC miners earlier this year and they are probably working on the next generation hardware already. Regarding the cloud mining pricing, ZeusHash has also announced a Thanksgiving Promotion on the Litecoin MHS prices that will be running from November 17th to 27th. The new prices might be of interest mostly to people that are willing to invest in more serious hashrates as then the prices become more attractive. The not so good news is that apparently the Litecoin network difficulty is seeing some significant increases lately, so making bigger investments at the moment may not be the wisest idea. Interestingly enough we are yet to see a cloud mining provider offering some great deals for the upcoming Black Friday.