Ethereum Cloud Mining
Ethereum cloud mining is available from Genesis Mining and Hashflare. Genesis Mining had the best Ether cloud mining contracts from our latest calculation 2017-04-03.
Best Cloud Mining Contract 2017, 2017-04-03
Ethereum Cloud Mining
Ethereum cloud mining is a relatively new product. The Ethereum network is decentralized and based on the currency Ether. Ether is abbreviated as ETH. Both are further described later on this page. Ethereum cloud mining contracts have increased in popularity. This is because Ethereum seems to be a platform for the future. We list several companies with Ethereum cloud mining or Ether cloud mining. Vitalik Buterin created Ethereum.
Read our blog post about payouts:
Best Ethereum cloud mining
We make continuously updates about the best Ethereum cloud mining contracts. You need to consider the following parameters when you evaluate the contracts:
- Cloud mining operator
- Contract payouts
- Contract price
- Maintenance fees
- Contract length
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 to see the latest updates.
Ethereum cloud mining calculator
Ethereum cloud mining calculations are continuously updated 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 Ethereum
Genesis Mining Ether cloud mining contracts will run for 2 years. 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.
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What is Ether?
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 currency avoids spam programs and keeps the network healthy.
What is Ethereum?
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 protocol in 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 about $1.000.000.000, February 2016.