Posts Tagged ‘Genesis Mining’

Genesis Mining Innosilicon A2 Scrypt Mining Farm

8, Dec 2014

genesis-mining-a2-scrypt-farm

One of the things that miners are most concerned about when talking about cloud mining services is the fear that they may be a Ponzi scheme and that fear is fueled by the fact that many of these services are not very open and prefer to remain highly anonymous. Not all of the cloud mining services are like that however, there are some that want to be more open and not remain anonymous in order to make it clear to their users that they are serious and reliable. One such service is Genesis Mining, a service that was started just a few months ago, but has been developing constantly and is offering some unique and interesting new features in the industry.

A few days ago we have covered one of the latest features, the addition of Unobtanium (UNO) as a SHA-256 coin that you can choose to mine with Bitcoin cloud hashrate that you purchase. We have also covered the fact that the service has been out of stock of Scrypt cloud mining hashrate along with some concerns regarding ZeusMiner, one of the Scrypt hardware suppliers for the service. Genesis Mining however does not rely only on Zeus, who have announced that they are not going to be making new hardware a while ago, they do have other hardware suppliers like Innosilicon. As a proof we got a photo of Genesis Mining Scrypt mining farm of located in Iceland that is populated with a lot of Innoslicon A2 Terminator-based Scrypt ASIC miners and the company’s CTO in front of the mining hardware.

– For more information about the currently available services from Genesis Mining…

Genesis Mining With Alternative SHA-256 Coins You Can Choose to Mine

2, Dec 2014

genesis-mining-new-sha-256d-coins

The cloud mining service Genesis Mining has added options for its users to mine alternative SHA-256 based crypto coins besides Bitcoin with the purchased hashrate. This is probably the first and only one to offer such service for cloud mining contracts for SHA-256 hashrate, just like they also did with the Scrypt cloud mining hashrate and the option for mining alternative coins and not only LTC. The new SHA-256 coin that you can choose to is currently Unobtanium (UNO), or you can choose to have your most profitable coins mined and automatically exchanged for BitcoinDark (BTCD), DarkCoin (DRK) or Litecoin (LTC).

Genesis Mining has been out of stock for their Scrypt cloud mining hashrate for a while, so currently you can only purchase SHA-256 cloud hashrate and the ability to mine only UNO or BTCD or to share your hashrate between these is interesting, and hopefully we are going to see some other coins available soon. Regarding Scrypt hashrate, since the hardware supplier for the hashrate was ZeusMiner and with regards to the company recently cancelling their plans for next generation chips probably the service will have to find another hardware supplier before offering more hashrate to customers. So for the moment Genesis Mining is only offering SHA-256 cloud mining hashrate that is no longer limited for mining Bitcoins and there should be no problems with availability since the supplier for the hardware here is Spondoolies Tech.

– For more information about the currently available services from Genesis Mining…

The Latest Prices for Bitcoin and Litecoin Cloud Mining Services

18, Nov 2014

cloud-mining-services

It is time to again do a quick check on what the latest prices for cloud mining hashrate are at the various Bitcoin and Litecoin cloud mining services that we are using and testing to get an overview on where the deals are the best. Do note that we are not listing all services as some are really pointless to list due to the way too high prices for hashrate (Cloud Hashing) or ones that actually do not want to sell you hashrate (KNC Cloud), even if their prices may seem attractive. We are listing services that have been available for a while already, so the chances that any of these may turn out to be a scam are lower, but be aware that there is always a risk for this. So our advice when investing in a cloud mining service is to not do it in just one, but instead spread to multiple services and never to spend more than you can afford to loose.

Bitcoin cloud mining services:
– Bitcoin Cloud Services – 0.0014 BTC per GHS, 5 years, no pool fee, no maintenance fee, automatic daily payouts
– Genesis Mining – 0.0021 BTC per GHS (0.001995 BTC – extra 5% off with promo code CryptoMiningBlog5), unlimited contract, $0.002 USD per 1 GHS daily maintenance fee, automatic daily payout
– PBMining – 0.0014 BTC per GHS, 5 years, no pool fee, no maintenance fee, automatic weekly payout
– Hashie – 0.0012 BTC per GHS, unlimited contract, $0.00163 USD per 1 GHS daily fee, manual payout, has an exchange to trade hashrate
– Hashnest – 0.001125 BTC per GHS, unlimited contract, $0.0022896 USD per GHS per day, manual payout
– GAW Miners – 0.001847 BTC per GHS, unlimited contract, $0.002 USD per 1 GHS daily maintenance fee, option to sell hashrate, manual payouts
– ZeusHash – 0.002357 BTC per GHS, unlimited contract, $0.0023 USD per 1 GHS daily fee, manual payout
– CEX.io – 0.001898 BTC per GHS, unlimited contract, $0.0035 USD per 1 GHS daily fee, manual payout, has an exchange to trade hashrate

Litecoin cloud mining services:
– Genesis Mining – 0.04771 BTC per MHS (0.045325 BTC – extra 5% off with promo code CryptoMiningBlog5), unlimited contract, $0.05 USD per MHS daily fee, can choose payment in altcoins, automatic daily payout
– ZeusHash – 0.04239 BTC per MHS, unlimited contract, $0.058 USD per 1 MHS daily fee, manual payout
– Scrypt.cc – 0.04936 BTC per MHS, unlimited contract, no extra fees, has an exchange to trade hashrate
– Chabat Mining – 0.02278 BTC per MHS, 1 year contract, no extra fees
– GAW Miners – 0.01847 BTC per MHS, unlimited contract, $0.08 USD per MHS daily fee, option to sell hashrate, manual payouts

It seems that Hashnest has significantly lowered their maintenance fee, but that is not helping them much in selling the rest of their Bitcoin cloud hashrate with the last 0.5 PHS seeming hard to sell after the service had some trouble with the reporting and/or functionality (still has?) of the mining hashrate provided by their partner UMISOO. The maintenance fee of the cheapest GAW Miners Hashlet (the MultiHashlet) is very close to what is the expected daily mined coins when converted to USD at the moment. Some of the services probably need to revise their hshrate prices with the increase of network difficulty in mind as it is harder to lower the maintenance fees without the upgrade to newer and better hardware.


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