Posts Tagged ‘GigaHash

hashflare-current-profit-estimate

Time for another update on the actual daily profit we are getting after about two weeks of using the two new additions to the list of cloud mining services that we are testing. The first one is HashFlare powered by HashCoins mining hardware. Below you can see the daily actual profit (the mined coins minus the maintenance fee) we got for 100 GHS cloud mining hashrate purchased at the service:

27.04.15 – 0.00104485 BTC
28.04.15 – 0.00102340 BTC
29.04.15 – 0.00103423 BTC
30.04.15 – 0.00103791 BTC
01.05.15 – 0.00102066 BTC
02.05.15 – 0.00105168 BTC
03.05.15 – 0.00104769 BTC
04.05.15 – 0.00103686 BTC
05.05.15 – 0.00099838 BTC
06.05.15 – 0.00057474 BTC
07.05.15 – 0.00060874 BTC
08.05.15 – 0.00059624 BTC
09.05.15 – 0.00063311 BTC
10.05.15 – 0.00060962 BTC
11.05.15 – 0.0058921 BTC

Notice that starting from 6th the daily profits here drop significantly, there is no mistake in the numbers, as we’ve already explained in our previous publication, the maintenance fee prior to that was apparently mistaken and only about 10% of what the actual fee should’ve been has been deducted from the mined coins.

gigahash-current-daily-profit

The second cloud mining service is GigaHash powered mostly by Technobit ASIC miners, a smaller mining operation also EU-based. Do note that the actual profit you get from cloud mining services can vary depending on the BTC exchange rate as the maintenance fees usually covering electricity and such are fixed in USD, so with higher exchange rate the costs are getting smaller and the profit per GHS higher. Below you can see the daily actual profit (the mined coins minus the maintenance fee) we got for 100 GHS cloud mining hashrate purchased at the service:

30.04.15 – 0.00046600 BTC
01.05.15 – 0.00063100 BTC
02.05.15 – 0.00060000 BTC
03.05.15 – 0.00058000 BTC
04.05.15 – 0.00049000 BTC
05.05.15 – 0.00048500 BTC
06.05.15 – 0.00060000 BTC
07.05.15 – 0.00049000 BTC
08.05.15 – 0.00050000 BTC
09.05.15 – 0.00051500 BTC
10.05.15 – 0.00053000 BTC
11.05.15 – 0.00054000 BTC
12.05.15 – 0.00048000 BTC

Both services seem to be running smooth and problem free and provide pretty consistent results, though at the second one we see some peaks. These stable results in terms of actual profit are thanks to the quite stable network difficulty and price of Bitcoin lately and that makes it easier to do some estimates when things are more stable, though there are no guarantees if they will continue to be like that and for how long.

For more details about the new cloud mining service HashFlare we are testing…
For more details about the new cloud mining service GigaHash we are testing…

hashflare-1ths-profitability-chart

Time to report the actual profit we are getting after a few days of using the two new additions to the list of cloud mining services that we are using. The first one, HashFlare powered by HashCoins mining hardware is giving higher profit, but from the logs we are seeing it could be due to some mistake with the maintenance fee calculation (could be a bug in the service) as the fees do seem to be much lower than expected. Below you can see the daily actual profit (the mined coins minus the maintenance fee) we got for 100 GHS cloud mining hashrate purchased at the service:

27.04.15 – 0.00104485 BTC
28.04.15 – 0.00102340 BTC
29.04.15 – 0.00103423 BTC
30.04.15 – 0.00103791 BTC
01.05.15 – 0.00102066 BTC
02.05.15 – 0.00105168 BTC
03.05.15 – 0.00104769 BTC

gigahash-dividents-per-ghs

The second cloud mining service, GigaHash apparently using Technobit miners, a smaller mining operation, has lower actual profit, but here the results seems more realistic. Do note that the actual profit you get from cloud mining services can vary depending on the BTC exchange rate as the maintenance fees usually covering electricity and such are fixed in USD, so with higher exchange rate the costs are getting smaller and the profit per GHS higher. Below you can see the daily actual profit (the mined coins minus the maintenance fee) we got for 100 GHS cloud mining hashrate purchased at the service:

30.04.15 – 0.00046600 BTC
01.05.15 – 0.00063100 BTC
02.05.15 – 0.00060000 BTC
03.05.15 – 0.00058000 BTC

For more details about the new cloud mining service HashFlare we are testing…
For more details about the new cloud mining service GigaHash we are testing…

gigahash-main

Another new cloudmining service that we’ve just recently discovered, apparently this is a small scale European mining operation that was just started earlier this year, offering Scrypt and SHA-256 cloud mining hashrate. It is keeping more on the anonymous side of things as far as details about the operators of the service as there aren’t much. So far the service has sold 100 THS worth of Bitcoin mining hashrate and 5 GHS worth of Scrypt mining hashrate and is offering their second batch of 50 THS hashrate for mining Bitcoin. From the GHASH2 contracts currently on sale there are 32298 GHS available for sale at the moment and you can purchase 1 GHS at a price of 0.00150000 BTC or $0.35 USD. The cloud mining contracts are with no specific term, so “lifetime” meaning until they are returning profit after you pay a daily fee of $0.00117 USD per GHS you own.

gigahash-dividends

The payment methods supported include payment with Bitcoin, with multiple altcoins that are converted to BTC or with PayPal, so you have multiple options available. The service does seem to work well, comes with nice simple and useful interface with all the required information and features for the user. There is a graphical display with the daily dividends that you are earning from the hashrate you purchase and currently the last dividend amount from yesterday was 465 satoshi per GHS. We’ve purchased 100 GHS hashrate from the GHASH2 contract to try out the service and that should result in about 0.00046500 BTC earned daily with the current market conditions. We’ll keep you updated on how things progress with our tests of the service, but so far things are looking good, but as usual with new services we advice to proceed with caution and not invest much at start just to be on the safe side.

If you want to check out the new GigaHash Bitcoin Cloud Mining service…


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