Thursday, October 2, 2014

What to consider for when picking a Cloud Mining Service?

The immediate thing that comes to mind here is profit. How quickly can I get an ROI.

How much will the service cost me?

Is the site using Sha 256 or Scrypt equipment

When we speak of sha 256 we speak in terms of GHS.

When we speak of Scrypt we speak in terms of MHS.

So 1 MHS at a good site will earn you about .20 cents a day.

1 GHS at a good site will earn you about half a cent a day. You can buy GHS today for about .00179 BTC or 71 cents with BTC @ $400 per BTC on a 5 year contract.

50 dollars buys you 35 GHS Sha 256 or about 1 MH Srcypt

For about the same cost on each.
35 GHS @ $ .005 earns you 17.5 cents a day
1MH                     earns you 20 cents a day

The cloud scrypt mining seems to come out on top just slightly. Probably due to the fact that it uses less electricity and can switch to a larger pool of coins which are be more profitable at any given time. A good sight will sell you 1 MHS at $50

Prices do vary from site to site. And performance Varies based on difficulty.

Based on my experience though the scrypt mining will beat out the sha 256 on a cloud mining website.

Webites I tried.

The best service I've seen though allows you to leverage the power of mining as a business opportunity that can be developed and expanded. GCR does scrypt mining and is the easiest to setup. Actually its the only service out there that mines as soon as you sign up. No configuration from their members is necessary.

GCR Packages Available

GCR Referral Link

Questions?
Noe De La Cruz
(281) 318-1663

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