The New ZeusHash Cloud Mining Service Now Officially Open for Users

3 Oct
2014

zeushash-cloud-mining-platform

After a short period of closed beta testing the new ZeusHash cloud mining service by ZeusMiner has been officially launched and is now open for registration. The users that have previously purchased ZeusHash Scrypt cloud mining hashrate will have their hashrate transferred to the new platform in the form of 1 year contract with no maintenance fees. The hashrate that can now be purchased directly through the new ZeusHash platform however does come in the form of unlimited contract with maintenance fees. The current cloud mining BTC/LTC hashrates are with prices of $0.889 USD per GHS for Bitcoin mining hashrate and $15.99 USD per MHS for Litecoin mining hashrate. Currently the service operates with maintenance fees fixed at $0.003 USD per day for each 1 GHS Bitcoin cloud hashrate and $0.059 USD for each 1 MHS worth of Scrypt cloud mining hashrate.

The initial closed beta test included 400 people, and now since the service is open for everyone to try it out and it was just launched there could be some issues with too high demand for users initially. Especially considering the fact that ZeusMiner has already announced that the first 100 users (number 1-100) who register for Zeushash will receive 4 GHS BitCoin node power and users between 101 and 1000 we will get 1 GHS BitCoin node power and 100 KHS LiteCoin node power for a month. At the moment it seems that the service appears a bit slow in terms of speed and may occasionally be unavailable, but hopefully this will soon be resolved. We already have our account and the hashrate from the old service already transferred to the new platform. The prices for the hashrate being sold are not bad, however the maintenance fees for the BTC hashrate are not so low as with some other alternative services. This is to be expected however as ZeusMiner does not make SHA-256 ASIC miners on their own, so as a Scrypt ASIC manufacturer their terms and prices for LTC mining are expected to be better.

– For more information about the new ZeusHash BTC and LTC cloud mining service…

GaiaCoin (GAIA) POS Alternative Cryptocoin

3 Oct
2014

gaiacoin-logo

Gaia coin (GAIA) offers the security and reliability of the blockchain with an Extensible, Skinnable, Modular platform design capabilities to implement distributed markets and services. While the GAIA block chain operates in the same methodology of the traditional block chain, the GAIA Platform removed the limitations of the QT wallet, and replaced it with an entirely new concept. Coin daemon operates as an OS service accessible through any web browser, this is a new ecosystem developed around the coin daemon to provide expanded set of services and remove limitations of the block chain. The coin daemon is used by the developers only as tool that maintains the blockchain and revert focus on the creation of a platform that supports the e-commerce and development part of the currency. The block chain acts to maintain the integrity of the network, while the Platform acts to integrate a wide range of services previously not easily supported.

Website:
– http://gaiaplatform.com/

Block Explorer:
– http://www.gaiaplatform.com/explorer/

Coin Specifications

  • 100% PoS coin, now PoW mining
  • Total coins: 100 million (max coins sold with ICO)
  • Annual interest rate: 5%
  • Block time: 60 seconds
  • Min transaction fee: 0.001 GAIA
  • Confirmations: 10, maturity: 240
  • Min stake age: 4 hours, no max age
  • Difficulty retarget: every block

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
No mining pools available, the coin is PoS only.

Coin Exchanges:
– Bittrex
– Bleutrade

Hashnest Still Has ~2 PHS of Bitcoin Cloud Hashrate to Sell

3 Oct
2014

hashnest-new-hashrate-prices

It seems that Hashnest, Bitmain’s Bitoin cloud mining platform, is having trouble to sell their initial 4 Petahashes worth of Bitcoin hashrate even though they have recently lowered the price per GHS down to 0.001125 BTC from 0.00135 BTC. They still have almost 2 PHS unsold and the reason for that is very simple – with the current BTC price the maintenance fees you need to pay are about 60% of what you are mining with your purchased hashrate. The new lower price was apparently not the only countermeasure they have taken, as we have received 20% increase in our initial purchase of 100 GHS to try out the service when it was announced early last month. We have not seen any official announcement or received anything by email about the increase of the hashrate, but it seems that this is some kind of bonus…

The hashrate we have purchased on 2nd of September was 100 GHS for 0.135 BTC and now, a month later, we are checking how things are progressing with our earned coins for this whole time. What we have earned until 2nd of October in our wallet is 0.0318239 BTC or a bit short of 1/4th of the amount we have paid for 1 month. That however does not mean that we are going to be able to ROI in three more months, because of the constantly increasing network difficulty it will take more time than that, especially if the fees continue to remain as high as they currently are. So at the moment it may not be a wise idea to invest in cloud hashrate at Hashnest and people apparently are aware of that as the service is having trouble to sell the second half of their initial offering of 4 PHS Bitcoin cloud mining hashrate powered by Bitmain AntMiner S2 ASIC miners.

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