Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: schnabeltier on July 23, 2014, 01:48:56 PM



Title: strange cloudmining pricing?
Post by: schnabeltier on July 23, 2014, 01:48:56 PM
hi all, can someone maybe help me with mining prices stuff?? I'm looking at a few cloudmining options and for some reason genesis mining seems to be super expensive - 2mh/s for $219, whereas others are way cheaper (eg PB mining is 0.003BTC/ Ghs)...

genesis - https://www.genesis-mining.com/pricing
pb - http://pbmining.com/

I'm guessing i'm super shit at math, but what's the deal here? any help welcome!

Thanks ;D


Title: Re: strange cloudmining pricing?
Post by: 3x2 on July 23, 2014, 02:46:34 PM
Genesis-mining.com is for Litecoin(scrypt) and other one is for Bitcoin(sha256).


Title: Re: strange cloudmining pricing?
Post by: BigBoy89 on July 23, 2014, 02:53:23 PM
it's different algo
pbmining : SHA256. used in bitcoin
genesis : Scrypt. used i litecoin for excample

you can read about them here :
Code:
https://www.coinpursuit.com/pages/bitcoin-altcoin-SHA-256-scrypt-mining-algorithms/