New 2 THS Bitmain AntMiner S4 Bitcoin ASIC Miner Coming Soon

16 Sep
2014

bitmain-antminer-s4-asic

Bitmain has just posted a teaser about an upcoming product in the form of a Bitcoin ASIC miner – AntMiner S4. The new miner is supposed to offer 2 THS hashrate, but no other specifications or price is yet revealed. The tester does say however that the new miner should be available for order by the end of the week and it should start shipping to customers by the end of September. So it seems that the company is returning back to their previous way of doing business – announcing new miner and starting to ship it soon after orders are accepted and paid. Unlike with their recent announcement of a pre-order Scrypt ASIC miner – Bitmain Antminer L1 that did get not so positive feedback from users that are not happy with pre-orders that they have to wait for months.

What You Can Currently Earn With Genesis Mining Cloud Mining

15 Sep
2014

genesis-mining-bitcoin-10-ths

We have already mentioned the recently lowered prices and lifetime contracts of Genesis Mining a few days ago. Now we can also take a look at what you can expect to earn if you purchase a cloud mining contract based on actual hashrate at the service and what it is earning on a daily basis. Starting with Bitcoin cloud mining and 10 THS hashrate that can currently earn you $80-$90 USD per day, that is if you are ready to pay $9790 USD price for the contract.

BTC earnings per day for 10 THS SHA256:

19.09.2014 – 0.17785190 BTC
18.09.2014 – 0.18023490 BTC
17.09.2014 – 0.18167440 BTC
16.09.2014 – 0.17355410 BTC
15.09.2014 – 0.18752240 BTC
14.09.2014 – 0.18290000 BTC
13.09.2014 – 0.20100000 BTC
12.09.2014 – 0.21401850 BTC
11.09.2014 – 0.16451335 BTC

genesis-mining-litecoin-100-mhs

Here is how the situation looks like if you decide to purchase 100 MHS worth of Scrypt mining hashrate and want to be paid in Bitcoins. What you will get is about $20-$25 USD per day in terms of earnings based on the current exchange rate for BTC. At the moment the price of 100 MHS Scrypt cloud mining hashrate is $1499 USD. It is interesting to note that the ROI of Scrypt cloud mining is currently faster in the current market situation, however Scrypt mining is also a bit harder to predict and riskier. If you invest the same amount of cash in Scrypt mining hashrate at the moment as you would need for the 10 THS SHA-256 cloud mining contract in short term you can expect to get about $130-$160 USD per day, or close to double that of the same investment in Bitcoin cloud mining. The only problem is that in just a few weeks time the profitability of Scrypt might not be as good as it is at the moment as compared to Bitcoin.

BTC earnings per day for 100 MHS Scrypt:

19.09.2014 – 0.04232800 BTC
18.09.2014 – 0.04822550 BTC
17.09.2014 – 0.04522190 BTC
16.09.2014 – 0.04800210 BTC
15.09.2014 – 0.04580810 BTC
14.09.2014 – 0.04798480 BTC
13.09.2014 – 0.05282940 BTC
12.09.2014 – 0.04697350 BTC
11.09.2014 – 0.04349110 BTC

So if you decide to invest in Genesis Mining in either Scrypt or SHA-256 cloud mining contracts make sure that you do the math using also the above numbers of actual earnings that you can currently expect to get. Do note that the numbers cited above are with the fees already deducted, so they reflect the actual amount of coins that you will receive on a daily basis as earnings. If you have already decided to get some cloud mining hashrate we have a bonus for you, a promo code – “CryptoMiningBlog5” that will give you an extra 5% discount on every purchase, valid for both Scrypt and SHA-256 cloud mining hashrate at Genesis Mining.

– You can check the Scrypt and SHA256 cloud mining services offered by Genesis Mining here…

DOGE After a Few Days of Merged Mining

15 Sep
2014

doge-network-hashrate-difficulty

After the announcement of the Dogecoin and Litecoin merged mining a few days ago we’ve seen some interesting development. The DOGE network hashrate and thus the difficulty has literally skyrocketed as most of the hashrate from the LTC network has been added to the DOGE as people moved to pools with merged mining support. Most of the people mining DOGE directly have also moved to merged mining as with the serious increase of Dogecoin difficulty it became pointless to directly mine for it instead of mining in a pool with support for AuxPow. In fact the AuxPow support for DOGE means that you can merge mine it not only with Litecoin, but with other Scrypt crypto currencies as well, but the main focus of course is merged mining with LTC as there the network hashrate is the highest.

litecoin-current-difficulty-hashrate

With the spike of difficulty it was expected that the price of the DOGE should rise and some people used that to speculate and do a pump up to about 90 Satoshi and then dumped bringing down the price to about 50 Satoshi. Now however the price has kind of stabilized already at a level of about 70 Satoshi, so we can say that there is a significant increase of the price meaning there is still serious interest in DOGE and the merged mining has actually done more to revive it than to kill it as some pessimists claimed. Still we are about to see what will happen on the long term, but now things seem to be stabilizing after the initial peak of interest. The effect from the merged mining that we are seeing already on the LTC side is that the difficulty has started to increase rapidly, or at least that was observed with the last difficulty adjustment. The Litecoin network difficulty has increased with almost 17% due to the spike of interest and people mining for DOGE and other Scrypt crypto currencies moving to direct LC mining with merged mining support for DOGE. This huge spike in difficulty however should most likely be a single event and we are probably going to see things moving at a slower pace in the next few days.

– For more information about the current status of the Dogecoin network hashrate and difficulty…

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