Posts Tagged ‘ZeusHash’

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.

ZeusHash With Promotional Prices and Partnership with Gridseed

18, Nov 2014

zeushash-new-price-promotion

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….

Checking Out the Current ZeusHash Cloud Mining Profitability

3, Nov 2014

zeushash-current-profitability

Now that ZeusMiner has announced that they are cancelling the Volcano and GEN III chips and focusing on their cloud mining platform ZeusHash we decided to do a check on its profitability. Taking as a base 1 MHS Scrypt hashrate with a price of $15.99 USD with $0.059 USD per MHS maintenance fee and 1 GHS SHA-256 hashrate at a price of $0.889 USD and $0.003 USD per GHS daily maintenance fee. In the table above we calculated what is the current estimated earnings and what are the actual earnings from ZeusHash for the last 24 hours and then have subtracted the maintenance fees from the total earned amount. We have used the current LTC price of about $3.58 USD and BTC price of about $326 USD to estimate the actual earnings as the maintenance fees remain in USD. As you can see from the table above with the current low prices of LTC and BTC over 60% of your mined coins go towards the maintenance fees, making your actual profit a small part of what you have actually mined. When you do the math and calculate the ROI time with the current market conditions the end result is not pleasing – close to a year and a half if the difficulty does not increase and the prices remain the same.

Update: A few hours after we have published this article ZeusHash maintenance fee for Bitcoin cloud mining hashrate has been lowered from $0.003 USD per GHS down to $0.0023 USD, so we have reflected the updated price in the table above. With the new lower fees the percent you need to pay as fees for the Bitcoin rate is below 50%, making the investment in Bitcoin mining hashrate seem like the better choice of the two. Normally you’d expect that to be other way around considering that ZeusMiner is making LTC ASIC miners and their BTC mining hardware comes from partners.

– For more information about ZeusHash and their cloud mining prices and services…


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