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I just recently started mining with Genesis Mining and Hashing24 after years of mining at home became more and more expensive. I thought I would do a comparison between the two leading Cloud Mining Companies and mining at home with an ASIC miner of the same hashpower and see which is more profitable.
I would like to note that both Hashing24 and Genesis Mining are industry leaders in cloud mining and the only two companies I have even considered using. Genesis Mining has been around for many years and thousands, perhaps millions of people have mining contracts with them.
Hashing 24 has been around for several years as well, just not as long as Genesis Mining. They ARE however, partners with Bitfury and that's where their hashpower comes from. This also lends them credibility in my eyes, because Bitfury is the biggest miner in the Cryptosphere and manufactures their own ASIC miners. Mining contracts from both companies are open ended contracts, which means they don't end after 2 years like other companies' mining contracts.
First, let's look at mining at home. For the purposes of this comparison, I chose the Bitcoin mining contract almost sold out genesis mining S7 4.
The S7s on Ebay are a variety of prices because they are ongoing auctions, so I found one that had a "Buy It Now" price. It will also require a power supply none of the miners listed come with a power supply and it has to be watts. I found a power supply on Newegg. Let's plug in some numbers on the coinwarz. I input the hashrate, the wattage of the PSU, and the cost of the equipment. This is a long time because of the electricity usage. This figure is in dollar value however, so let's see how many Bitcoins the Antminer would mine in a year at 4.
In a year it would mine 0. Now, let's see if cloud mining can do better. We'll look at Hashing24 next. We'll use the same 4. As I mentioned earlier, this is an open ended contract, so it will mine until you cancel it. You also don't have to set it up, configure bitcoin mining contract almost sold out genesis mining settings, or listen to it. How will it compare as far as ROI? After changing a few parameters, like power is zero, electric cost is zero, pool fee is zero, and the cost is a little less, we see that we will break even in days!
That's much sooner than mining at home, because there is no electricity bill. There is a small daily maintenance fee, but it's only a few bitcoin mining contract almost sold out genesis mining, so it's negligible. Now, let's see how many Bitcoins it will mine in a year. According to coinwarz, the Hashing24 contract will mine bitcoin mining contract almost sold out genesis mining the same 0.
That's almost triple the return of mining at home. Of course, it will be slightly less, because of the maintenance fee, but not by much. Of course, you don't have to go for 4. Let's see what it will mine in a year. It will mine 0. After the break even period, it's all profit! Now, let's see how Genesis Mining stacks up to the competition. They have been sold out of Bitcoin Mining contracts for a week or so, and just relisted them on the site. I hope they don't run out again.
Anyway, let's take a look. Genesis Mining doesn't have a 4. That's a full 54 days faster than Hashing24, which was already faster than mining at home! Not bad at all. It looks like it will mine slightly more at 0. There is also a small daily maintenance fee on Genesis Mining, but it is negligible as well. About 90 cents off. This one will break even in days. Let's see how many coins it would mine in a year. According to coinwarz, it will mine 0.
This is also an open ended contract, so it will continue to mine even after you break even! Both Hashing24 and Genesis Mining are great companies with good deals on mining contracts. This comparison reveals that Genesis Mining is indeed more profitable, but it's good to have Hashing24 as a backup in case Genesis Mining sells out of Bitcoin Mining contracts again.
Hashing24 could also lower rates in the future, so it's worth keeping an eye on them. Have an awesome day! I almost forgot to mention, Genesis Mining also has contracts to mine bitcoin mining contract almost sold out genesis mining cryptocurrencies like Ethereum, Monero, Dash, Litecoin and more.
Hashing24 is strictly Bitcoin mining. I'll get you back in a few minutes. Absolutely, we can keep going. Your article is exactly the same as the comment of Falana in this video. Cloud mining all the way for me. These are the sites I use! Then send it over to Eobot to boost my account their. Hi mate, thanks for your post. It helped me to choose which cloud mining contract I'm going to buy I chose Genesis. O also used your promo code for my both Etherium and Bitcoin contract purchases.
One thing about the mining profits though, I think that the Etherium contract is a good investment however BTC contract doesn't look good in my opinion. It becomes more and more risky as the difficulty increases to stay above the daily minimum revenue limit in the coming year or so. I've made a detailed analysis in this post if you're interested. The fee is not negligible on Genesis Bitcoin mining. Thanks for the comparison. Looks like genesis-mining is still bitcoin mining contract almost sold out genesis mining profitable than hashing I used your genesis mining code.
I was wondering who that was: Always let me know. I've added your code to my list and will use it next upgrade. Escape do Barulho e contas de Eletricidade dispendiosa Why Hashing24 or Genesis Mining?
Let's see the returns on this contract. Did you find this article useful? Please upvote and Bitcoin mining contract almost sold out genesis mining if you wish! Special thanks to those who have donated! It is very much appreciated! Authors get paid when people like you upvote their post.
Let me know when you do. I'll use yours too. I'll get ya again here in a few minutes. I will be back. Show 3 more replies. Bitcoin Mining is Deadit doesnt pay out anymore. Just a waste of Time. It helped me to choose which cloud mining contract I'm going to buy I chose Genesis O also used your promo code for my both Etherium and Bitcoin contract purchases.
I think I want to get involved with this even though I feel late.
