[2015-12-16] Genesis Mining Introduces Ethereum Cloud Mining Contracts

[jdebunt]

Genesis Mining recently announced a new type of cloud mining contract that will let users mining Ethereum. It was only a matter of time until one of the cloud mining providers started looking at Ethereum contracts sooner or later. These new Ether Cloud Mining contracts will run for one year, and offer some interesting alternatives when the digital currency switches to Proof-of-stake.

http://bitcoinist.net/genesis-mining-introduces-ethereum-cloud-mining-contracts/

[Xiaoxiao]

Could someone knowledgeable chime in on the legitimacy and reliability of Ethereum?

[bapparabi]

Right now its not worth to buy Ethereum Cloud Mining from Genesis Mining as cost is quite high
 
1 MH/s cost USD 44 for one year

if you see this ether calculator

http://badmofo.github.io/ethereum-mining-calculator/

Month    0.991780    $5.14

you will generate this amount ..

so you need 9 month to get ROI ..so which is not worth to buy it right now as per the price rate ..

Once it lower you can decide ..

[Minecache]

Could someone knowledgeable chime in on the legitimacy and reliability of Ethereum?

Ethereum is basically Bitcoin+. It is an ecosystem that currency, and smart contracts can be a medium of exchange. Many companies are building on this ecosystem and the banksters are looking into its blockchain possibilities. It's a hedge against Bitcoin with the banks and certainly worth a punt at this cheap price.

People sum it up as: Gold is to Bitcoin what oil is it Ethereum.