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Genesis Mining With New Lower Prices for Scrypt Cloud Mining Contracts
4 Sep2014
The cloud mining service Genesis Mining has lowered the prices of their Scrypt mining hashrate down from $79 USD per MHS to $49 USD per MHS for 1 year contracts. For 20 MHS contract you will no longer have to pay $1380 USD, but $880 USD instead and for 100 MHS cloud mining Scrypt contract the price is down from $5900 USD to $3900 USD. These prices are for 1 year mining contract and they include all of the fees associated such as for hosting, electricity and maintenance, so there is nothing extra that you need to pay. You can also get an extra 5% discount from the regular price by using the promo code CryptoMiningBlog5…
With the current market conditions the only way for you to manage to break even on a small hashrate investment during the duration of the mining contract is if the price and network difficulty for Litecoin remains the same as it is at the moment for 1 year and we know that this is not going to happen. Putting a more reasonable number like 3-5% increase at the current price there is no chance to even ROI in a year with the 100 MHS contract where you get a lower per MHS price. If you are going to bet on an increase of the price of LTC as usual it is better to just buy Litecoins instead of investing in cloud mining service that does not give you promising result when you run the numbers over a mining calculator. As usual when you are considering to invest in either cloud or real mining hardware do your math carefully and then decide if it is worth to go for it or not…
– You can check the Scrypt and SHA256 cloud mining services offered by Genesis Mining here…
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1 Response to Genesis Mining With New Lower Prices for Scrypt Cloud Mining Contracts
dock
September 5th, 2014 at 23:28
I completely dislike the current options we have for cloud mining. Most seem to require you to pay some ridiculous fees or so high per MH that it isn’t worth it. I can’t wait 5-6 months to break even in calculations because that ends up being 9 10 11 12 months. Keep chasing