Posts Tagged ‘Litecoin cloud mining


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 is time to do a roundup of how things are moving with the cloud mining services that we are currently using, testing or are planning to check out and especially compare the current prices that they are offering. Buying physical ASIC miners for both Bitcoin (SHA-256) and Litecoin (Scrypt) might not be that good of an idea at the moment with the currently offered hardware and the performance it offers. The current market prices for Bitcoin and Litecoin are also not that appealing at the moment making it not so good for investment in mining hardware or cloud mining as well. With cloud mining services however you should also be careful as some do not offer so good terms and prices, so there is risk involved not only in buying ASIC miner hardware, but also when investing in a cloud mining service. As Litecoin and Bitcoin, as well as other crypto currencies using the same algorithms, get harder to mine cloud mining is becoming more attractive, but only at the right price and with the right terms. We’ve seen offers that have prices and terms making it essentially like throwing your money in the trashcan, but there are sometimes new companies that come with very attractive offers that soon turn out to be scams. So you should be extra careful with these, we’ve seen quite a few of these already and have started testing some of them just to find out that in a few weeks they disappear with the customers cash or coins invested. That is why we like to go for services that have been available for a while, at least a month or so, and we do recommend extreme caution with new services that have just appeared out of nowhere and are not backed up by someone with a decent reputation being around in the crypto community for some time (not that even this will offer 100% guarantee). The same goes for new companies that popup out of nowhere and start offering some new revolutionary ASIC miners. The time for long term pre-orders of mining hardware is pretty much over now as many people do not want to take that risk anymore.

Bitcoin cloud mining services:
Bitcoin Cloud Services – 0.0020 BTC per GHS, 5 years, no pool fee, no maintenance fee, automatic daily payouts
Genesis Mining – 0.00253 BTC per GHS (extra 5% off with promo code CryptoMiningBlog5), unlimited contract, $0.001 USD per 1 GHS daily fee, automatic daily payout
PBMining – 0.0022 BTC per GHS, 5 years, no pool fee, no maintenance fee, automatic weekly payout
GAW Miners – 0.00253 BTC per GHS, unlimited contract, $0.002 USD per 1 GHS daily fee, option to sell hashrate, manual payouts
Hashnest – 0.00135 BTC per GHS, unlimited contract, $0.00325 USD per GHS per day (~55% fee currently) – 0.00229 BTC per GHS, indefinite, $0.0035 USD per 1 GHS daily fee, manual payout, has an exchange to trade hashrate

Litecoin cloud mining services:
ZeusHash – 0.0406 BTC per MHS, 1 year contract, no extra fees, automatic payout every 4 days
Genesis Mining – 0.0456 BTC per MHS (extra 5% off with promo code CryptoMiningBlog5), unlimited contract, $0.08 USD per MHS daily fee, can choose to mine altcoins, automatic daily payout – 0.0894 BTC per MHS, unlimited contract, no extra fees, has an exchange to trade hashrate
GAW Miners (Zen Hashlet) – 0.0531 BTC per MHS, unlimited contract, $0.08 USD per MHS daily fee, option to sell hashrate, manual payouts

As you can see we have some additions since our last post comparing the cloud mining prices as well as some services removed such as Hashop, Cloud Hashing and CoinTerra as these do not offer prices worth to even consider at the moment. We have not included KNC Cloud as well even though their latest Bitcoin cloud mining offers does seem attractive, however we are still unable to purchase any hashrate from the service due to some unknown location limitations. Genesis Mining, GAW Miners and ZeusHash are new additions with interesting offers based on their latest prices, so is Hashnest, but with that service as well as with CEX the maintenance fees are very high even though the prices of the hashrate may be attractive, so you should be careful. As competition heats up, especially in Scrypt could mining, we are probably going to see some new interesting offers and even better prices pretty soon. Do note that some services list their prices in USD and not in BTC, so we’ve used the current Bitcoin exchange rate of $394 USD to have all of the services listed in Bitcoin prices and a significant change in the price of Bitcoin may affect the prices of some of the services. Also unlimited contract does not mean forever, but instead means for as long as the mined coins are more than the maintenance fee you need to pay or with other words as long as you get some profit from your hashrate.


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


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…