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Ethereum Cloud Mining

 Buying Ether Vs Ethereum Cloud Mining: What Is More Profitable For Long Term? (english/german)

Buying Ether Vs Ethereum Cloud Mining: What Is More Profitable For Long Term? (english/german)

in cryptocurrency 2 years ago (edited) Hi Steemians, a few days ago I had a talk with a friend about Ethereum mining. Last year I invested 50 in Ethereum Cloud Mining for him for example and now he has 2.3 Ether worth over 550 $. If I had bought Ether directly for 50 last year, it would be more than 5 ETH worth over 1000 today. So the question is: What is more profitable in 2017? Buying Ether, or Ethereum Cloud Mining? I was sure Cloud-Mining is more profitable, because of the high Ethereum price. If I would buy 10 Ether today, it would cost me about 2300 $. I can get the same amount of Ether much cheaper with Cloud-Mining. With around 37 MH/s Ethereum Mining Power, I will get over 10.4 Ether after 1 year and it only costs about 1090 at Genesis Mining and it is mining 2 years. So after 2 years you will get about 20 Ether back for only 1090 instead of 10 Ether for 2300 $ if you buy it today directly. Note: Of course the increasing mining difficulty is not included in the calculation, so it will be a little bit less than 20 Ether after 2 years Ether Cloud-Mining, but it is still cheaper than buying (in the moment). Here you can see the mining difficulty chart of Ethereum and unfortunately it is raising strong, what could make buying Ether more profitable than cloud mining soon: My conclusion: If you want to invest in Ethereum, you can buy cloud-mining contracts for Ether at Genesis Mining for 2 years. With this code you will get a 3% discount at Genesis Mining: I3QXtG But keep in mind, that the mining difficulty is raising very much in the last time and if this goes on like this, buying Ether is better than cloud mining. vor ein paar Tagen hatte ich ein Gesprch mit einem Freund ber Ethereum Mining. Letztes Jahr habe ich zum Beispiel fr ihn 50 in Ethereum Cloud Mining inv Continue reading >>

Which Is The Best Ethereum Cloud Mining?

Which Is The Best Ethereum Cloud Mining?

Genesis-mining ( Use code mNpFUG for 3% discount) The most popular and biggest mining company. You can buy hashrates for Bitcoins, Ethereum and Monero mining. Hashflare.io is very popular and offer the best rates in the industry. You can mine based on Hash algorithms SHA 256, Scrypt , ET-HASH (Ethereum), X-11(DASH) and EquiHASH (ZEC). Hashing24 is a trusted website where you can mine bitcoins. They also offer a free demo which you can try if you are unsure about which contract to choose. NiceHash , the most advanced crypto currency cloud mining, hash rental service and multipool. They offer you to buy or sell hashing power without contracts on pay-as-you-go basis. If you ask my choice , then its Hashflare.io . With cloud mining you are paying a facility that specializes specifically in mining to do the management of the equipment for you. Most will also give you a specialized user interface that makes it much easier to manage. This is the only way non-technical person can participate in cryptocurrency mining. No more building computers and spending hour after hour searching for guides. No more hot noisy computers or 85 decibel ASICs that are so loud it bothers your neighbors. All the benefits with none of the headaches right? Cloud mining sounds too good to be true, because it is too good to be true. Cloud mining services charge a huge premium on the hardware you get, and have exorbitant fees conveniently hidden in the small print. The contracts are always structured so the cloud mining company profits no matter what happens. The customer assumes all the risk, and in most cases they will lose money! In almost ever possible scenario, the customer would have done much better if they had just purchased cryptocurrency on an exchange, rather than trying to mine it. Ignore a Continue reading >>

Should You Invest In Hashflare Ethereum Cloud Mining Contract Or Build Your Own Gpu Mining Rig

Should You Invest In Hashflare Ethereum Cloud Mining Contract Or Build Your Own Gpu Mining Rig

Should You Invest in Hashflare Ethereum Cloud Mining Contract or Build Your Own GPU Mining Rig Share on Facebook Share Share on Twitter Tweet Share Share The idea and inspiration for this article come out since after about a month ago I started to invest both in cloud mining and building my very own GPU mining rig . I decided to compare - what's more profitable - doing all by yourself or just throwing money into cloud mining contracts. Make sure to read out my previousarticle on similartopic: To Mine or Buy Ethereum/Zcash/Monero in 2018 For a prelude, back in December 2017, I decided to build up to 12 GPU mining rig , using kind of dollar cost averaging - installing a new graphics card once in a month. Now, about 30 days later I have a 3 graphics card mining rig, and I'm dual mining Ether and Siacoin, These 3 cards combined gives me about 41 MH/s hashing power - which translates into some $5-$6 per day (not counting in fee for electricity) With Rising Ethereum Price I'm making $5.22 daily by Mining Cryptos - And I Definitely Want MORE! Shortly before the Christmas time I decided to experiment with cloud mining contracts and opted for Bitcoin Cloud Mining contract from Hashflare.io - again the same approach - dollar cost averaging, and investing small once per month in additional hashing power. HashFlare.io (Affiliate link here - if you will click, register and decide to invest, I might earn 10% commissionfrom that) Now, for the ease of this experiment - let's compare Ethereum mining - DIY and Cloud contract from Hashflare.io. Also, I will assume you already have basic components - like motherboard, pc risers, processor and so on - and the one and only investment you are concerned is - adding anew graphics card. A couple of days ago I bought ZOTAC GeForce 1050TI OC 4GB Continue reading >>

Ethereum Cloud Mining

Ethereum Cloud Mining

Cloud Mining is a process of crypto currency mining conducted without the direct use of mining equipment or hardware. The service typically offers up the shared processing power of a remote datacenter , that has already been prepared and setup with complex mining equipment. Caution is advised beforehand due to varying usage fees among different providers. Likewise, hashing power is generally procured over a long term period, and certain companies/websites prefer to avoid dealing with a broader client base. Considering that ethereum cloud mining is a service created from an almost purely business standpoint, there is understandably, a cost associated with its appliance. Lower returns are expected because of the involvement of a third party. However, for standalone mining, a more comprehensive mining rig and configuration is needed, and this calls for a substantial upfront financial expenditure. There are several advantages and failings, when it comes to opting for an ether cloud mining contract over an independently run mining operation. If a quieter and exceptionally cooler home and/or work place is paramount, then purchasing components/equipment that usually requires elaborate cooling and ventilation systems, can prove a deciding factor. The noise can prove excruciating over time, especially you are mining close to a place of work. Electronic dust is a problem too, for breathing as well as for the wear and tear of other appliances/parts. This is something that most first-time investors seem to neglect. Even when dual mining with just a cpu or gpu, you are in fact directly and indirectly depleting other components as well. The same is true for non-computer based mining as well; everything that is in use has to have an amortization period, and should be factored in as a Continue reading >>

How To Mine Ethereum

How To Mine Ethereum "the Easy Way" - An Ethereum Mining Contract?

How to mine Ethereum "the Easy Way" - an Ethereum Mining Contract? How to mine Ethereum "the Easy Way" - an Ethereum Mining Contract? Ethereum is quite difficult to mine on your standard PC as there are quite a few step to go through as can be seen in our comprehensive guide here . If you aren't tech savvy or willing to give a bit of time to getting it up and running yourself, thereis another way. This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf. You can compare all Bitcoin and Ethereum cloud mining contracts here . You can buy your first cloud mining contract with Genesis Mining here . This is called cloud mining. It has been happening for a long time with Bitcoin and a number of reputable providers have come to the fore where you can trust their reputation for them not to run off with your money. This is especially true of Genesis Mining who are the first to set up a batch of Ethereum Mining contracts where all you do is pay them some cash and your up and running as an Ethereum miner - as simple as that - no hassle no playing around with downloading Geth and using command prompt - and most importantly you don't have to maintain it yourself which can be a big issue if you have to keep going to restart your computer. So it saves your time! The reason Ethereum Cloud miners can get better deals is two fold. Firstly they buy in bulk, so they get a discount on all their graphics cards. Secondly they can put their mining machines in low cost locations such as Iceland. This severely reduces the operating costs of running an ethereum mining contract which means they can pass on these savings to you. In fact Genesis mining run their contracts off green energy - so you can say your being green whilst being in the avant- Continue reading >>

Best Ethereum Cloud Mining2018

Best Ethereum Cloud Mining2018

Cryptocurrency mining demands special hardware and software, which need to be properly serviced to get profit. There are lots of difficulties in the mining process, which can reduce your profit to zero. Those, who want to mine cryptocurrency but dont have the proper knowledge on the process can do it with the help of cloud mining. Ethereum is a public platform based on blockchain. Almost any kind of decentralized online services that work on the basis of smart contracts may be created with its help. It generates its own cryptocurrency called Ether, which added more than 13,000% to its cost within the last year. Cloud mining Ethereum makes it available for anyone, who is interested. The concept of cloud mining allows the users to mine Ethereum with the help of the hardware situated in data centers all over the world. The user buys a share of mining power and consequently pays some part of his profit to the company, which provides the hardware. It can be called Ethereum cloud mining for dummies, as you dont need to do anything. Cloud mining is less costly and theres a minimal risk for your finances. If we compare cloud mining vs hardware mining Ethereum, the pros of the first one will be indisputable: Little risk. Your investments are much lower compared to traditional mining so in case of failure you wont suffer serious financial problems. No need to buy hardware and software. Both constituents demand constant maintenance. Any failure in the work of software or hardware reduces your profit and may need a long time to restore their normal functioning. Low price of entry. Cloud mining gives you a possibility to start mining without initially huge investments unlike hardware mining. You can start mining Ethereum by signing Ethereum mining contracts. First, you need to buy Continue reading >>

Ethereum Cloud Mining - Crypto Mining Blog

Ethereum Cloud Mining - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Genesis Mining Offering Ethereum Cloud Mining Again The cloud mining provider Geneis Mining has started offering Ethereum cloud mining contracts again after they were not available for a couple of months with the focus more on ZCash cloud mining with GPUs. The new mining contracts are available at a lower price and with an extended 2 Years period with no additional mining fees (everything is included in the price you pay for the hashrate). There is of course a clause in the contract saying that in case Ethereum switches to Proof of Stake (POS) before the contract period ends your hashrate will not disappear, but will instead be switched to the most profitable algorithm to mine at that point of time. Initially we expected to see Ethereum (ETH) switch to POS at some point this year, but this will most likely be delayed and no official date for the switch has been announced yet and the interest and price of Ethereum has been going up lately once more. You can currently get 1 MHS Ethereum cloud mining hashrate for $29.99 USD, 30 MHS for $869 USD of 100 MHS for $2799 USD as a preset packages or any custom hashrate in between with discounts for the more you purchase. The Ethereum cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Ethereum cloud mining contract from the company. Genesis Mining Black Friday/Cyber Monday Promotion is Now Live Genesis Mining , the worlds leading hashpower provider for cloud mining, is announcing a new promotion for its existing Continue reading >>

Use Only The Best In Cloud Mining

Use Only The Best In Cloud Mining

For cloud mining Bitcoin, Ethereum, and many other crypto coins with Bet Capital , cloud mining services make it possible for individuals to take part in the mining process profitably without worrying about the mining hardware, power, electricity and cooling requirements. While there are plenty of cloud mining services out there, Bet Capital stands apart from the rest in terms of cost, reliability and operational history. Bet Capital offers the best value Ethereum cloud mining contracts on the market, while allowing you to connect to the mining pool of your choice, which shows that you are purchasing real mining power on Bet Capital. Heres what you need to know to have full confidence in, and take full advantage of, Bet Capitals expertise, experience, and dedication. With its solid company background and reputation, real proof of mining, and the best value Ethereum cloud mining, Bet Capital is currently the number one pick for Ethereum cloud mining of all cloud mining services. Bet Capital is a cryptocurrency cloud mining service offered by a team of experts in the industry. The people behind the platform have years of experience in mining cryptocurrencies and developing the hardware necessary for it. Bet Capital is a service that is being taken seriously by some of the biggest investors on Wall Street.. They have been designing, developing and selling SHA-256 and GPU miners for over three years. Bet Capital utilizes their expertise to offer low-priced cloud mining contracts for Ethereum, Bitcoin and other cryptocurrencies. Some of Bet Capitals cloud mining contracts like Ethereum are the best value in the market today. In addition to its existing reputation, Bet Capital values transparency of its operations. Details about the companys data centers and their features a Continue reading >>

Ethereum Cloud Mining

Ethereum Cloud Mining

The parameters can vary significantly between operators. Our advice is to always start with small investments and increase the investments over time. Read our blog and first page to see the latest updates. Ethereum cloud mining calculations are continuouslyupdated on our blog. We often present the results in how many days it takes to break even the contract price. It's very hard to predict since the Ether price is volatile and the network increase in size all the time. However, this is how we usually make the approximation: Contract price / Daily payout = Days to break even Usually, there are no maintenance fees on the Ethereum cloud mining contracts. Instead, they come with a fixed contract length. The contract length is often 1 or 2 years. Genesis Mining Ether cloud mining contracts will run for 2years. You pay fees upfront instead of during the lifetime of the contract. By doing this, miners will have better control on profit. From our latest calculation, 2017-04-03, the contract broke even after 355 days. You needs a Bitcoin Wallet to receive cloud mining payouts. Coinbase (Get $10 when you buy Bitcoin for $100) Bitfinex (Earn interest with margin funding) Ether is necessary if you want to operate on the decentralized platform Ethereum. Payments are done in Ether to execute operations on Ethereum network. The currencyavoids spam programs and keeps the network healthy. The Ethereum platform is a distributed network. On Ethereum, participants write and enforce their own smart contracts. It is sometimes also referred to as Bitcoin v 2.0. Vitalik Buterin developed the cryptocurrency protocolin 2013. Community and professionals supported the protocol immediately. The first sale of Ether coins raised over $15 million. Ether is the currency of Ethereum. The market cap was Continue reading >>

Ethereum Mining | Best Ethereum Cloud Mining Pool | Start Mining Ethereum

Ethereum Mining | Best Ethereum Cloud Mining Pool | Start Mining Ethereum

Ethash is a hashing algorithm that is used in mining the Ethereum one of the promising cryptocurrencies of the world. Ethash is GPU memory intensive. In Ethereum cloud mining, the Ether and cloud mining price are the two important factors that need to be considered. In addition, individuals should also compare the hardware rent and in-return coins or they can easily estimate the profit through mining calculator. Why Choose Hashgains for Ethereum Mining? Hashgains is one of the leading cryptocurrency mining service providers across the world. With an access to the leading latest technologies and big industrial data centers, Hashgains provides excellent mining services at an affordable price. Hashgains mining platform simplifies the Ethereum Mining process and provides the newly mined coins in the easiest way. Our list of services include Continue reading >>

Cheapest Ethereum Cloud Mining Contracts On The Market Offered By Hashflare

Cheapest Ethereum Cloud Mining Contracts On The Market Offered By Hashflare

Global Africa Arabic Canada China Czech Republic France Greece India - English India - Hindi Italy Japan Latin America Pakistan Philippines Russia South Korea Turkey UK Ukraine US Cheapest Ethereum Cloud Mining Contracts on the Market Offered by HashFlare Bitcoin Press Release: With over 3 years experience in the industry, Hashflare is pleased to announce the next batch of its one year Ethereum cloud mining contracts with no maintenance fees. Simply sign up for a free account and use discount code HF16ETHASH25M for 25% off on purchases of 10 MH/s or more: the best value Ether cloud mining to be found. The platform also offers lifetime Bitcoin cloud mining and Scrypt cloud mining contracts with many features including proof of hashrate, mining pool selection, and instant payouts. Run by established cryptocurrency mining hardware provider HashCoins, which has over 3 years experience in the industry, HashFlare offers the ultimate Bitcoin, Scrypt and Ethereum cloud mining experience for users. Importantly, HashFlare allows customers to monitor their hashrate live, and even choose their mining pool. This shows that HashFlare is running a real cloud mining operation and is renting real mining hardware to users. Customers can also use the dashboard to discover the most profitable mining pools for their rented hash rate. HashFlare also offer instant Bitcoin withdrawals, lifetime contracts with no fixed end date, user mining pool allocation, fixed fees, and a user dashboard with highly detailed statistics. More information is available in a HashFlare review on a popular Bitcoin cloud mining and Ethereum cloud mining review site. Anyone, anywhere worldwide can easily cloud mine Bitcoin, Litecoin and now Ethereum, with no specialized knowledge or the need to maintain specialized Continue reading >>

Ethereum-guides/gpu-cloud_mining.md At Master Angelomilan/ethereum-guides Github

Ethereum-guides/gpu-cloud_mining.md At Master Angelomilan/ethereum-guides Github

Amazon Web Services (AWS) is a cloud computing service provided by Amazon, the well known e-commerce giant. As you can see, the registration process is very handy, since you can sign-in with your existing Amazon account.You may notice that AWS offers the EC2 service free for 750 hrs/month, for 12 months. However, that is for the Linux t2.micro instance. That is good for testing, but not for mining Ethereum. I will tell you later what instance to select to maximize the GPU power. Once you have registered on AWS , you will be presented with a big list of the services offered by Amazon. Click on EC2 (stands for, Elastic Compute Cloud), that will give you GPU horsepower for mining the Ethereum blockchain. ###Step 2 - Setup the pre-built AMI (Amazon Machine Image) on AWS EC2 An Amazon Machine Image (AMI) "provides the information required to launch an instance, which is a virtual server in the cloud". For our purposes, we need to use the following AMI: IMAGE: ami-2cbf3e44 for US-East (Ubuntu Server 14.04 LTS (HVM) CUDA 6.5) STORAGE: Use at least 8 GB, 20+ GB recommended How can we find it? To find a Linux AMI using the Images page: From the navigation bar, select US East (N.Virginia); In the navigation pane, click Images -> AMIs; Switch to Public Images next to the search filter (the default is "Owned by Me" which will be at first empty, since you do not yet own any AMI) Click on the search filter and then (search by) AMI ID -> ami-2cbf3e44 Note: Make always sure you are in the correct region (US East, N.Virginia as we said) otherwise you will not see the AMI we are insterested in on the list. The ami-2cbf3e44, like all the ubuntu 14.04 images, is supported by Ethereum Frontier, but in addition this pre-built AMI has all the NVIDIA GPU drivers, OpenCL, etc... all pre-instal Continue reading >>

Cloud Mining - How To Mine Bitcoin Without A Miner

Cloud Mining - How To Mine Bitcoin Without A Miner

Heres why you might want to consider cloud mining: A quiet, cooler home no constantly humming fans No equipment to sell when mining ceases to be profitable No ventilation problems with hot equipment Reduced chance of being let down by mining equipment suppliers. Heres why you might not want to consider cloud mining: Less fun (if youre a geek who likes system building!) Lower profits the operators have to cover their costs after all Contractual warnings that mining operations may cease depending on the price of bitcoin In general, there are three forms of remote mining available at the moment: Create a (general purpose) virtual private server and install your own mining software. Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.) We have previously covered ways to calculate mining profitability . However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters. Even so, you can still use these calculators by thinking clearly about the costs involved. Profitability calculators (for example, The Genesis Block)often ask for your electricity costs, and sometimes the initial investment in hardware. Effectively, you are being asked for your ongoing costs and your one-off investments. Therefore, since the provider, not you, is paying the electricity bills, you can enter the monthly mining bill in place of the electricity cost. The conversion process isnt completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules o Continue reading >>

Hashflare - Cloud Mining

Hashflare - Cloud Mining

Information:We are using cookies, by logging in or registering you agree to accept our cookie policy in Terms and conditions The mining starts immediately after confirmed payment. First payouts within 24 hours. Choose the amount to withdraw and receive it instantly View all mining related information in real-time, at any point from any location. You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. No hidden fees or comissions. Every single transaction is visible to you. Our service makes mining Cryptocurrency accessible to everyone. No longer it is required to buy expensive equipment and waste your time on setting it up. Simply select the desired power and generate revenue! Select the desired plan and start earning in less than 24 hours! Have been working with HashCoins since the beginning of 2014 and was happy to take part in testing the new service. Small issues appear here and there but they are fixed promptly and Im satisfied. I surely hope that the quality of the service will rise with time. The service gave me a good impression. I get the feeling it was developed with a lot of effort. Main advantage in my opinion is low entry price. After the initial test I have only positive emotions. Allocating pools is awesome and well-made. The software is generally user-friendly and intuitive. Everything in the panel is where its supposed to be and no unecessary things. After the testing period is over I will definitely continue with HashFlare. Continue reading >>

Hashflare.io Review: Bitcoin Und Ethereum Cloud Mining

Hashflare.io Review: Bitcoin Und Ethereum Cloud Mining

Hashflare.io review: Bitcoin und Ethereum Cloud Mining Hashflare.io review: Bitcoin und Ethereum Cloud Mining Test: our experiences with Bitcoin and Cloud Mining on Hashflare.io Now Hashflare is one of the largest Cloud Mining providers on the market and already started its businessseveral years ago - which makes the provider much more trustworthy than at first sight: the website looks like being created 10 years ago and never being updated again. But we want to try, test and reviewHashflare.io and share our experiences. Step 1: our experience with Hashflare: first impressions and registration If you openthe registration page of Hashflare.io * the first impression you get is not the best: the site looks outdated and neglected, built ten years ago- a bad sign for an innovative Cloud Mining provider. This, of course, does not prevent us from setting up an account on Hashflare.io for testing purposes. The registration process works without any problems and in a few minutes a new account is created. Also the backend of Hashflare does not look much more modern than the login page. The first click after registration always leads into the security settings. In addition to the default password, which should have at least 8 characters (better 32 characters), Hashflare provides 2-factor-authentication. After theactivation of the 2-factor-authentication, each login does not only need the e-mail address and password combination, but also a token that is generated on the smartphone. This token is updated every minute, making it hackers almost impossible to crack the token. This significantly increases the security of the account. All you need is a smartphone and the free app "Google Authenticator". Note: when setting the 2-factor authentication, the 2FA code has to be saved (this i Continue reading >>

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