The new mining contracts are available at a lower price and with an extended 2 Months period with no additional
mining fees (everything is included in the price you pay for the hash-rate).
You can currently get 8 MH/S Ethereum cloud mining hashrate for
$102.00 USD, 61 MH/S for $1037.50 USD of 295 MH/S for $5015 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 months and there is no maintenance fee,
everything is included in the price you pay for the hashrate.
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How to Get Started as a Crypto-currency Miner?
While crypto-mining can generate a small income for a crypto-currency miner, in most cases only in the amount of a dollar or two per day for an individual using their own dedicated computer hardware. Expenses like electricity, internet connection, and computing hardware also impact the net revenue generated by crypto-currency mining.
In order to get started mining, crypto-currency miners will need dedicated computer hardware with a specialized graphical processing unit (GPU) chip or application-specific integrated circuit (ASIC), sufficient cooling means for the hardware, an always-on internet connection, a legitimate crypto-currency mining software package, and membership in both an online crypto-currency exchange as well as an online mining pool.
Calculating the Cost of Mining 1 Bitcoin?
he costs of mining 1 Bitcoin vary considerably, especially based on what rig is being used and the electricity rates in a particular country or region. Expenses to consider when calculating the cost of mining 1 Bitcoin are:
1-Hash rate
2-Pool fees (if applicable)
3-Power costs
Varying electricity costs can make a massive difference in the ultimate cost of creating Bitcoin. For example, mining the cryptocurrency in Venezuela would cost you just 2% of the cost of mining it in South Korea. Mining in the US is still cheaper than South Korea, although it would normally cost you around 10 times more when compared to Venezuela. For a period of time, massive mining farms settled in China due to the very low and abundant energy, however, government crackdowns have led to these farms moving elsewhere.
If you are planning to mine Bitcoin to turn a profit, you are essentially planning a business. This means that when considering costs, you must take into account depreciation, or in simpler terms, the lifetime of your hardware. Your mining rigs will most probably run at full capacity, or almost, for long periods of time. This results in breakdowns due to wear and tear, which will affect your bottom line. You must also consider at which point a particular piece of hardware is likely to become obsolete.
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