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Genesis Mining With New Lower Prices For Bitcoin Hashrate

Genesis Mining With New Lower Prices For Bitcoin Hashrate

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Genesis Mining With New Lower Prices for Bitcoin Hashrate It has been a while since Genesis Mining has lowered their Bitcoin cloud mining hashrate prices, the last time was early this year when they also lowered the maintenance fees . This time they have lowered the prices slightly without apparently announcing the fact like they usually do and we have just discovered that, though we are not sure when this has actually happened. The new prices are as follows: 50 GHS are available for $22.49 USD ($0.45 per GH/s), 1000 GHS for $419 USD ($0.42 per GH/s) and 15000 GHS for $5850 USD ($0.39 per GH/s) which is roughly between about 8% and 13% down from the previous prices with the maintenance fee remaining at $0.0015 USD per GHS per day. While these prices might not be the lowest out there in the cloud mining industry at least you will be investing in a reliable company that has been out there for quite a while already, so your long term investment should be much safer than if investing in a risky new business that turns out to be a scam. You can also use our special promo code CryptoMiningBlog5 that will give you an extra 5% discount on the regular prices for every purchase at Genesis Mining, so you can get even better prices. Continue reading >>

Genesis Mining Review - Bitcoin & Ethereum Cryptocurrency Cloud Mining?

Genesis Mining Review - Bitcoin & Ethereum Cryptocurrency Cloud Mining?

Genesis Mining is a bitcoin mining company that lets users buy existing mining hardware, then profit from that hardwares hashing power. Heres our Genesis Mining review. Genesis Mining is a bitcoin mining company founded in 2013. The company currently operates mining farms in Europe, America, and Asia, although most of the companys facilities appear to be in Iceland. Interestingly, Genesis Mining doesnt publish the exact locations of these farms for security reasons. The difference between Genesis Mining and a conventional mining pool is that theres no need to contribute your own hardware to the operation. Instead, your hardware is already up and running. You buy into the operation, then receive a portion of Genesis Minings hardware. You reap the mining benefits, and Genesis Mining takes a cut. Genesis Minings miners can mine bitcoin , Ethereum, Dash, Monero, Litecoin , and Zcash. Obviously, the cloud mining industry is controversial for a reason: a large number of companies have sprung up that claim to offer powerful mining operations. You send these companies money, then you get fixed income every month from the mining operations. However, many of these companies dont even operate mining operations they just live off of membership fees, and pay members until the money runs out (or just take your money and run). Fortunately, based on all reports we could find online, Genesis Mining isnt a scam: its a legitimate cryptocurrency mining operation that lets users profit off of cryptocurrency mining without actually owning mining equipment. Lets take a closer look at how it works. You Dont Need to Own Hardware: Genesis Mining already has your hardware up and running. You dont need to mess with your rig assembly or operate hot, noisy miners at home. You just buy into the comp Continue reading >>

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Its hard to review anything when not possible to use it yet due to purchasing with a credit card, but once I am able to use it I will update my review Been sold out of contracts for a while now and Im exited to have finally copped one before theyre gone. So happy for the wonderful opportunity to buy another Ether Contract. I love it - Thank You While we think that Ethereum may turn to POS in the coming future, we have a fantastic future to mine it at a profit with Genesis Mining. If it DOES go to POS instead of mining, then we can move to a variety of alt coins that are nearly as profitable and every bit as much fun. Give Genesis Mining a go and see why it is better than buying coins directly. I think that my purchase was a good thing. And this thing will bring me a lot of benefit. I expect to have a good return for this investiment. Finally the mining contracts are back. It's harder and harder to find mining contract and the Genesis Mining ones are the last decent ones around. Most of them will never payback. I'm using Genesis for 1 year right now and satisfied. Zcash cash priceis riseing, so this pachage is quite profitable, better than buing your own mining sistem at home. Even if PoS starts, there are alternatives.Because I heard that the reputation is good, I have decided mining for the first time as GenesisMining.I am looking forward to April when mining starts. I have bought the etherium and bit coin for the last two years.I am very excited and am very pleased to see the benefits.I have been informing others a lot and invested a lot of people.If I have a chance, I would like to invest and recommend more. I have ETH contract with Genesis for 2 years and one with same Hash rate with a competitor but 1 year contract. Genesis has consistently paid out more than the Continue reading >>

Bitcoin Mining Calculator Summary

Bitcoin Mining Calculator Summary

Bitcoin Mining Calculator and Profitability Calculator Bitcoin Mining Calculator is used to calculate mining profitability for Bitcoin mining. Enter your Bitcoin mining hardware hash rate in GH/s along with the power wattage and your cost of electricity - dollars per kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered automatically. Days to generate one block mining solo: 79.23 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 3.17 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: 266.91 Day(s) (can vary greatly depending on the current exchange rates) The estimated expected Bitcoin earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected Bitcoin earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate. Continue reading >>

How Much Gh/s Is Needed To Make Around 0.5 Btc Day?

How Much Gh/s Is Needed To Make Around 0.5 Btc Day?

How much GH/s is needed to make around 0.5 btc day? As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. Quote from: Jayzzz on April 16, 2015, 06:06:23 PM As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. Quote from: Jayzzz on April 16, 2015, 06:06:23 PM As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. According to Bitcoin Mining Calculator , it would take around 50 Ths or 50,000 Ghs to mine 0.5 BTC/day. If you are buying a Bitcoin Mining contract, it would cost you 40 BTC @ 0.0008 BTC/Ghs. Thanks you guys for your reply this community is very helpful. I am gonna mine through cloudminr.io what you guys say about it I did asked some people about it they are saying cloudminr.io is the most trusted one. Thanks you guys for your reply this community is very helpful. I am gonna mine through cloudminr.io what you guys say about it I did asked some people about it they are saying cloudminr.io is the most trusted one. www.cloudminr.io & www.cloudmining.website started operation almost at the same time. Both are trusted and running longer than five months now. If you buy less than 1 Ths, then cloudminr.io is cheaper. If you buy more than 1 Ths, then cloudmining.website is cheaper. Actually i think cloudminr is cheaper if you buy bigger amounts because you get VIP price after a certain amount. I have been this far pretty satisfied with cloudminr.io every sunday night i get paid like clockwork. Also has neat option to auto buy new and often they offer big discounts. up to 30% sometimes. They do not pay insane high amounts, but after i made my initial ROI i will add more and new power as soon as i can. So the payouts are weekly so you Continue reading >>

Alloscomp : Bitcoin Mining Calculator

Alloscomp : Bitcoin Mining Calculator

Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month). It will not attempt to extrapolate difficulty or price changes -- it provides only instantaneous calculations (how much you'd make if all conditions remained as they were right now). An API is available at . Next difficulty retarget occurs at block 499967.0 (eta 4.1 days): 2.01341595712e+12 / +26.6% [est.] Continue reading >>

Bitcoin Mining Calculator And Hardware Comparison

Bitcoin Mining Calculator And Hardware Comparison

[manufacturer] [model] [hash_rate] [hash_rate_unit] [price_with_unit] [hardware_power] W [humanize_start_date] [delivery_cost_with_unit] [setup_cost_with_unit] [maintain_cost_with_unit] [break_even] [date] [difficulty] [revenue] [profit] [return]

Hash Rate:
[hash_rate]
Hardware Power:
[hardware_power]
Hardware Cost:
[hardware_cost]
Setup Cost:
[setup_cost]
Electricity Cost/Month:
[electricity_cost]
Maintain Cost/Month:
[maintain_cost]
Break Even
[break_even]
Lifetime
[Life time]
Maximum Profit
[maximum_profit]
Continue reading >>

Blockchain - Gh/s Is Bigger Than Th/s - Bitcoin Stack Exchange

Blockchain - Gh/s Is Bigger Than Th/s - Bitcoin Stack Exchange

How does BAIKAL X10 make more money than AntminerS9 although BAIKAL X10 Only 10 GH/s and Antminer S9 14 TH/s ? TH/s is bigger than GH/s, maybe this BAIKAL X10 mines another currency where 10GH/s makes more money than 14TH/s in bitcoin. croraf Nov 22 '17 at 10:20 A quick google query tells me it mines dash. Pieter Wuille Nov 22 '17 at 10:25 I'm voting to close this question as off-topic because the question is too localized and is unlikely to help future visitors Max Vernon Nov 22 '17 at 14:36 TH/s is bigger than GH/s. But there are many different kinds of hashes that you can do and some pay more than others. The Antiminer S9 does SHA256d hashes which tend to pay the least per hash of any hashing algoirthm because they are the simplest. Giga- and tera- are SI prefixes just like kilo- and mega- and they are used everywhere (kilometer, megahertz, gigahertz, gigabyte, terabyte, ...). You can find the full list of SI prefixes here: 1 kH/s = 1000^1 = 1 000 hashes per second1 MH/s = 1000^2 = 1 000 000 hashes per second1 GH/s = 1000^3 = 1 000 000 000 hashes per second1 TH/s = 1000^4 = 1 000 000 000 000 hashes per second1 PH/s = 1000^5 = 1 000 000 000 000 000 hashes per second1 EH/s = 1000^6 = 1 000 000 000 000 000 000 hashes per second Continue reading >>

Hashpower Calculator Convert Hash To Kh/s To Mh/s To Gh/s To Th/s To Ph/s

Hashpower Calculator Convert Hash To Kh/s To Mh/s To Gh/s To Th/s To Ph/s

Home HashPower Calculator Convert Hash to kH/s to MH/s to GH/s to TH/s to PH/s HashPower Calculator Convert Hash to kH/s to MH/s to GH/s to TH/s to PH/s Got your shiny new ASIC miner or just setup a new GPU mining rig? You might be looking for a way to convert your hashpower from one unit to another. With this simple hashrate calculator you can convert Hash to KiloHash to MegaHash to GigaHash to TeraHash to PetaHash to ExaHash to ZettaHash and vice versa. To use this calculator just input your mining hardware hashing power and it will automatically convert to all other units. For example the current network hashrate of Bitcoin is 40 EH/s (Exa hashes per second). To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. So why convert? For instance lets say you have an ASIC miner which is capable of delivering 14 TH/s. You can use the above tool to convert and compare your hash power with the overall network hashrate. Higher the hashrate the quicker youll be able to solve a block. You can convert hashrate of the mining pool and compare it with the results shown in block explorer. It is just an example to give a basic idea of this tool. Note: The hashing algorithm used by each and every coin varies and so the hashrate is. For example Ethereum uses Ethash algorithm (a modified version of Dagger-Hashimoto) and its difficulty is measured in Hashes. Whereas Zcash uses Equihash algorithm and its difficult is measured in Sol/s (Solutions per second). So while converting; input the right metric and do not confuse it with other algorithm as you totally get different speeds on them. Continue reading >>

What Is The Difference Between Kh/s, Mh/s, And Gh/s?

What Is The Difference Between Kh/s, Mh/s, And Gh/s?

I started mining on a friend's computer and it shows 300 kH/s. But when I research other peoples' hash rates I usually see MH/s. Are these speeds the same as kilobytes and megabytes? Also, when I say 300 kH/s does that mean 300,000 Hashes generated per second? en.wikipedia.org/wiki/SI_prefix dchapes Apr 5 '13 at 21:43 Yep your correct. If you really want a brain dead way of approaching this just use wolfram alpha and substitute hash with meters. wolframalpha.com/input/?i=1+Tm%2Fs+to+Gm%2Fs boyfarrell Feb 1 '14 at 6:17 1 kH/s is 1,000 hashes per second (sometimes mistakenly written KH/s). 1 GH/s is 1,000,000,000 hashes per second. 1 TH/s is 1,000,000,000,000 hashes per second. 1 PH/s is 1,000,000,000,000,000 hashes per second. Mining capability is measured in the number of attempts to find a block a miner can perform. Each attempt consists of creating a unique block candidate, and creating a digest of the block candidate by means of the SHA-256d, a cryptographic hashing function. Or, in short, a hash. Since this is a continuous effort, we speak of hashes per second or [H/S]. 1 kH/s is 1,000 (one thousand) hashes per second 1 MH/s is 1,000,000 (one million) hashes per second. 1 GH/s is 1,000,000,000 (one billion) hashes per second. 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second. 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second. 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second. 1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s The denomination of hash rates follows the International System of Units (SI) . Hereby, the prefixes kilo-, mega-, giga-, tera-, peta-, exa-, each translate to an increase by a factor of one thousand. Please note, that the symbol for kilo- is a lower-case "k". As "K" is the symbol for k Continue reading >>

Bitcoin Mining Calculator

Bitcoin Mining Calculator

Select difficulty level (or enter your own): This calculator computes average profits from bitcoin mining. Enter all information, then press "SUBMIT DATA" to perform the calculation. You may enter data for more than one worker by clicking on the "Add worker" button. For more accurate power consumption calculation remember to add the expected power consumption of the computer hosting the workers. The difficulty level is a number expressing 'how difficult' it is to find a new block. Difficulty changes approximately every two weeks. Current value is updated every 2 hours from Bitcoin Block Explorer The power consumption in watts of each individual worker. If you have multiple workers on a single computer (for example when using multiple graphics cards) remember to add the power consumption of the computer to the consumption of one of the workers, You may also add the extra power consumption as an additional worker generating 0 MH/s Assuming you are using a pool, this figure represents the commissions taken by the pool or the percentage of earnings that you decide to donate to the pool. Continue reading >>

A 2 Step Simple & Accurate Bitcoin Mining Calculator (2018 Updated)

A 2 Step Simple & Accurate Bitcoin Mining Calculator (2018 Updated)

Instructions on how to use the Bitcoin Mining Calculator: Enter the hash rate of your Bitcoin mining hardware. Enter additional info, such as pool fees, electricity costs, etc. While not all fields are mandatory, the more information you enter, the more accurate the result will be. Results will be displayed automatically in USD (to see the detailed calculation, click Show Details). Some values (e.g., the exchange rate) are updated automatically with the latest network stats. However, you can adjust any value manually to simulate possible scenarios.Revenue is shown in USD based on the current exchange rate. The exchange rate can (and probably will) change from time to time. Revenue is based on current difficulty to mine Bitcoins. Mining difficulty can (and probably will) change. From past experience, it usually goes up as time goes by (on average 0.4% per day). Revenue is NOT profit. You still have to take into account your mining expenses (e.g., the cost of your mining hardware, the electricity it takes to run it and cool it down if necessary). For a detailed explanation about each section keep on reading. Heres what will we cover in this post: Conclusion:A Bitcoin Mining Calculator Predicts the Future 1. How to Calculate Bitcoin Mining Profitability Bitcoin mining secures the Bitcoin network. Without miners, there would be no one to update Bitcoins ledger, which is known as the blockchain. The more miners you have, the more decentralized and secure the network is. Due to miners crucial role in the network, an incentive system was designed so that miners will be compensated for providing their services. Each block mined by miners contains a block rewarda fixed amount of bitcoins that are paid out to the miner that mined the block. While mining today is very competitive Continue reading >>

Bitcoin Mining Profitability Calculator (+ Beginners Guide To Mining)

Bitcoin Mining Profitability Calculator (+ Beginners Guide To Mining)

Instructions on how to use the Bitcoin Mining Calculator: Enter the hash rate of the Bitcoin miner youre planning to use Note: If some values in the Bitcoin mining calculator dont seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. Revenue is shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time. Revenue is based on current difficulty to mine Bitcoins. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by. Revenue IS NOT profit. You still have to take into account the cost of your mining hardware and the electricity to run it (and cool it down if needed). If you want to know more about Bitcoin mining profitability check out this page . How to Calculate Bitcoin Mining Profitability Bitcoin mining secures the Bitcoin network. Without miners, Bitcoin could easily be attacked and even shut down. Since Bitcoin miners provide such an important service to the network, they are paid for their services! Each block mined by miners contains a block reward, which is paid out to the miner that successfully mined the block. While mining today is very competitive, it is possible to run a successful and profitable mining farm. This post will outline the many factors that will determine whether or not your mining operation will be profitable. The upfront costs to pay for mining hardware is usually the largest expense for any new mining farm. Just like good computers cost more money, good mining hardware is expensive. The Antminer S7 is one currently the most efficient miner and costs $629. It only mines about $200 worth of bitcoins per month, meaning just based on hardware costs alone it will take more than three m Continue reading >>

Is Cloud Mining With Genesis-mining Profitable? Has Anyone Earned More Than Their Roi?

Is Cloud Mining With Genesis-mining Profitable? Has Anyone Earned More Than Their Roi?

Is cloud mining with Genesis-Mining profitable? Has anyone earned more than their ROI? TL;DR: I created a Genesis Mining profitability calculator in Google sheets to attempt to answer this question. I ran the analysis for Ethereum, Monero, and Zcash. While Genesis Mining has done a great job breaking down a complex problem into an easy-to-understand business model, users consistently have one big question: How profitable is {x} contract? Everybody, ever While the user is able to see the upfront cost, they are unable to get an idea of how many coins they will receive by the end of the contract. The problem exists, because of two major uncertainties surrounding cryptocurrencies: Where the price of the currency will fluctuate over time Where the network hashrate (aka, the mining power of the entire network) will fluctuate over time Both of these inputs are extremely volatile, and have a huge degree of uncertainty in the near and distant future. What I will attempt to do in this exercise, is build a profitability calculator for Ethereum, Monero, and Zcash. Each of these cryptocurrencies is currently available on the website as of 11/7/2017. Each cryptocurrency has three contracts, and I will formulate 4 different scenarios to try and capture a profitability range. Note: Do not take any of the words in this post as financial advice or recommendations. These are merely simulations that have their own issues and pitfalls, and are not to be used as the end-all, be-all decision. Due to the difficulty in forecasting both price and nethash, I was forced into a few assumptions: The forecasted price method is a Monte Carlo simulation using a geometric Brownian Motion ran 1,000 times. I covered the full methodology in a prior blog post The base network hashrate follows along very cl Continue reading >>

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