If you go to a webstek that offers real-time cryptocurrency market gegevens, such spil CoinCap, you will notice a digital currency called Ethereum Classic (ETC) just a few catches sight of below Ethereum (ETH). Thesis two digital currencies have a loterijlot te common, they are both platforms that run wise contracts. Difference inbetween Ethereum and Ethereum Classic is that only Ethereum Classic is a continuation of the original blockchain (see this postbode for more information on history and differences inbetween the two).
Since profitability of Ethereum Cloud Mining contracts has skyrocketed thesis days because of Ethereum price explosion, wij determined to do a research on cloud mining companies suggesting a Classic version. Here is what wij found out.
Top Three Ethereum Classic Cloud Mining providers
- Genesis Mining is the largest and most trusted Bitcoin and Ethereum cloud mining provider ter the world. For Ethereum Classic mining you need to buy 2-year Ether Hashpower mining project. By default, this will mine Ethereum, so be sure to switch to Ethereum Classic te Mining Allocation Settings. Update: presently out of stock [2018-12-05].
- NiceHash – this is a live marketplace for hashing power. It is more difficult to use and is recommended for advanced users only.
- McCoinCloud – they suggest ethereum classic lifetime* contracts with weekly payouts. They own two gegevens centers build up especially for the purpose of cryptocurrency mining. And since year 2015 they are suggesting mining contracts with a ensured come back on investment.
Is Ethereum Classic cloud mining profitable?
Mining profitability depends on many different factors. Te order to find out cloud mining profitability calculators were invented. They take into account different parameters such spil the cost of hardware, violet wand cost and other network related variables. Your profit depends on network difficulty, block prize, transactions amount, and toverfee. Spil many people do not know how to use thesis calculators, wij regularly postbode more human-readable update below.
Our mining project at Genesis Mining has 20 MH/s mining power and gives us 0.16 ETC daily (presently Four.Five US$ spil ETC price stands at 28$, there are no maintenance or electrical play fees). This contract costs about 600$ without discounts. If ETC price and mining difficulty stay the same, you will get your investment back ter less than 6 months. Spil the contract lasts Two years, there is a one year and the half profit !
To compare the profitability of Ethereum vs. Ethereum Classic cloud mining, also see our ETH cloud mining profitability pagina.
Why wij recommend Genesis Mining
Genesis Mining runs the world’s largest Ether mining farm te Iceland, internally called Enigma, which is specifically built to support the Ethereum Project. Wij are certain that this is a excellent company – they provide all the information about their services, their founders, they are actively involved ter the community, and they even have a live stream of their mining equipments.
For Ethereum Classic cloud mining you need to buy Ether Hashpower mining project (ETHASH algorithm, previously also known spil dagger-hashimoto). It lasts Two years and there are no maintenance or electro-therapy fees.
At Genesis mining, you can also mine other crypto-coins. For example, X11 mining algorithm will mine the most profitable coins at the time and convert them to bitcoin automatically, which gives you an accelerated terugwedstrijd on investment.
It is also worth signing up with them even if you project to invest straks spil existing members get very first access to fresh products and services, plus they also regularly send off the hook discount codes.
Other Ethereum Classic Cloud Mining providers
- Tresorio – this french company offers one year ETC mining contracts. 1 MH/s is the smallest ETC mining contract suggested by them. Tresorio ensures 100% uptime and the replacement of the equipment ter case of a breakdown. Update: out of stock [2018-09-08].
- *Lifetime Contract means that the duration of the contracts are not immovable, contract will be active until it is profitable to mine, and will be canceled when it cannot pay it’s own electro-therapy costs ter continuation of some period, usually 14 days.
- Want to mine ETC with your own hardware? Guide to Ethereum Classic mining.
- Want to mine on your own, but not with your hardware? Guide to Generating ETC with Amazon AWS.
- Bitcoin cloud mining overview.
- CryptoCompare offers profitability comparison of various mining plans.
- For the latest news and information from Ethereum Classic head to official Twitter account and Reddit community channel.