Genesis Mining adds mining Etherium
December 18, 2015
The cloud mining company Genesis Mining expands the list of transactions, launching cloud contracts with Ether (ETH). Now clients will be able to get "Ether" (Ether) - tokens network Ether.
Marco Strands, CEO of Genesis Mining:
"We have listened to requests from our customers. Due to the wide range of mining operations on the GPU, we were able to divert a significant portion of farms for mining "ether". We believe in Ethereum and want to give their customers the chance to capitalize on this interesting innovation, and simultaneously support the network".
At Genesis Mining already has a farm of GPU miners, X11 mining offering (flagship cryptocurrency - DASH). However, since a large number of users interested in Ethereum, the company decided to repurpose the resource in the mining of aether. This step will not affect farm mining Bitcoins.
"The increase in the number of miners in the network helps to increase its security. Great to see that companies like Genesis, show interest in Psych support," says Vitaly Buterin.
Short term contracts
Currently work is under way to transition from Ethereum model "proof of work" (proof of work) to the model of "proof of stake" (proof of stake). For this reason, Genesis Mining will offer only short-term contracts.
The plan of mining Ethereum is designed for one year, i.e. after the transition to the Ethereum model PoS (implied to by the end of 2016), the resource will again switch to the X11 algorithm.
"Compared with long-term contracts, you get a fast return on investment due to low prices, the lack of fees and shorter term".
Genesis Mining will offer three plans in mining: small contract - mH/s for $53.97, the average contract - mH/s for $899.50 and a large contract - mH/$1 799.
http://bits.media/news/genesis-mining-dobavlyaet-mayning-ethereum/
