It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
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.
– For more information about the current price promotions from ZeusHash….
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…
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.