First of all: We at Kryptency do not recommend buying a Euthereum Cloud Mining Contract, you will lose around 10% of your money. If you want to get, a cloud Mining Contract go for Monero, Litecoin cloud mining! Use our Genesis Mining Coupon Code “KQsVhj” to get a 3% discount at your checkout. To start Mining now click here to get your contract.
Now that this is out of the picture:
What’s Ether cloud mining?
The main difference between traditional Ether mining and Ethereum cloud mining lies in who houses and maintains the Ether mining hardware. With traditional Ether mining, the user buys, sets up and maintains the Ethereum mining rigs. This requires extensive technical knоwlеdgе as wеll аѕ аdеԛuаtе ventilation fоr сооlіng аnd wіll rеѕult in аn іnсrеаѕе in еlесtrісіtу соѕtѕ.
On the other hand, with Ether cloud mining, the Ether mining rigs are housed and maintained in a facility owned by the cloud mining company. The customer just needs to register an account and purchase an Ethereum mining contracts. These cloud mining contracts immediately start mining Ether which is paid out to the user on a regular basis. The user does not have to concern himself with ordering, setting up or maintaining any mining hardware. Nor is the user required to make a significant up-front Ether mining investment.
For as little as thirty dollars, you can start cloud mining. From that point on the Ether mining hardware housed at the Ether, the mining company will do the work for you.
How does cloud mining work?
Cloud mining is useful for those who are not technically minded and don’t want to run their software or hardware.
If уоu hаvе vеrу hіgh соѕt electricity tоо – fоr еxаmрlе in Germany – then іt’ѕ a good іdеа tо оutѕоurсе your mіnіng tо somewhere whеrе еlесtrісіtу costs аrе much lower.
First, you determine which provider you want to go with Thеn уоu determine whісh dеаl уоu wаnt tо gо for. You can start small and grow your mining capabilities as you start seeing money flowing in.
We use Genesis Mining as our leading Cloud Mining provider; they offer a 24 Months contracts, that would bring around 90% ROI. What we do not recommend going for! If you are investing, go for Monero or Litecoin. Please use our Coupon Code “KQsVhj” to get a 3% discount.
Ether mining profitability issues with cloud mining
Not all cloud mining services are created equally, so it is important to understand the issues and make an appropriate Ether mining comparison. The first concern is the reputation and security of the Ether mining company itself. Will the company be around for the duration of your Ether mining contract? How secure are the funds in your account? Can the site be easily hacked? Good answers to these questions can usually be found on relevant threads in the Ether Forum and on reliable Ether mining review sites such as this one.
Let me go through these questions with Genesis Mining in mind. The company was around for years, and they are consistently investing in new hardware. (Bitcoin mining usually sells out within hours, as all the Mining contracts sell out and the company cannot keep up with the huge demand. The good thing is that they do not sell what they do not have.) Your account is very secure, and the site was never before hacked.Your Returns are safe because you will get a daily payout. The company does not keep payouts for long before sending them. (The minimin network transaction threshold should be met, with litecoin I get a daily payment as the minimum litecoins needed for a transaction are meager, with Eth it depends on how much hashing power you have)
The second major issue concerns the price of the cloud mining MHS to be purchased. These prices can vary widely, and sometimes can be so high that there is no way to make back the initial Ether mining investment in a reasonable amount of time. Ether cloud mining contracts are a good example of that situation. Ether mining difficulty is another issue which directly impacts Ether mining profitability. A good Ether mining calculator can give a user a reasonable estimate of how his profits will be affected by future Ether mining difficulty increases. Another factor which affects Ether mining profitability is the market price of Ether. The prices in For Ethereum Mining in Genesis are just not profitable. Please Go for Monero or Litecoin.This article was written by: