[6/3/2017] Ethereum Cloud Mining Profitability Update

in ethereum •  7 years ago 


Ethereum Network Hashrate

Everything that i write about is in terms of 1 MH/s (which costs $30 for a 2 year contract with genesis mining). I chose genesis mining as it had the best reviews and the lowest rates to date. In the event that Ethereum switches to proof of stake, it will try to mine the most profitable coin.

Ethereum network hashrate increased from 30 TH/s to 35 TH/s since i invested in ethereum cloud mining..

Ethereum Cloud Mining Profitability Analysis

Ethereum Price: $224.79

Assuming no increase of network hashrate, the profitability of starting a new cloud mining contract has fallen 21%.

Switch to PoS is calculated at a Nov 11th rate.

my cloud contractor: https://www.genesis-mining.com/
promo code for 2.5% off: BxY4l1

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7 years ago by

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