Ethereum is quite difficult to mine on your standard PC as there are quite a few step to go through as can be seen in our comprehensive guide here.If you aren't tech savvy or willing to give a bit of time to getting it up and running yourself, there is another way.This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf.You can compare all Bitcoin and Ethereum cloud mining contracts here.This is called cloud mining.It has been happening for a long time with Bitcoin and a number of reputable providers have come to the fore where you can trust their reputation for them not to run off with your money.This is especially true of Genesis Mining who are the first to set up a batch of Ethereum Mining contracts where all you do is pay them some cash and your up and running as an Ethereum miner - as simple as that - no hassle no playing around with downloading Geth and using command prompt - and most importantly you don't have to maintain it yourself which can be a big issue if you have to keep going to restart your computer.

So it saves your time!The reason Ethereum Cloud miners can get better deals is two fold.Firstly they buy in bulk, so they get a discount on all their graphics cards.Secondly they can put their mining machines in low cost locations such as Iceland.This severely reduces the operating costs of running an ethereum mining contract which means they can pass on these savings to you.In fact Genesis mining run their contracts off green energy - so you can say your being green whilst being in the avant-garde of a financial and technological revolution.They offer the contracts for a period of one year and during that year you have no extra fees its a one off up front payment.You might wonder how they can do this - the simple reason is that they hedge their profit and loss so there is no risk of everything going wrong - they hedge the ether price.They also guarantee 100% uptime - this means that if your miner goes offline - they will substitute their own machines immediately - kind of like getting replacement car if yours breaks down.

The other advantage is that you don't have to listen to the noise that it creates.Adding all of this together it would seem pretty logical to opt for a mining contract unless the joy of mining was for the joy of mining itself.Although you might just get a smaller slice of profitability by doing it for yourself - would it be worth it - we don't think so... Here are three of the top mining contracts on offer.They are all priced the same on a cost per MH basis  - usually you get a discount the more you buy.However this is due to the demand with Ethereum as it is such a popular 2nd generation crypto currency.They generally offer daily payouts to the user which you can feed into your ethereum wallet on your phone or however you choose to store it.If you want to find out more about cloud contracts you can read about it here and if you want to find out some more about ethereum, how it is mined and issued, you can find more guides here.You can buy your first cloud mining contract with Genesis Mining here.

The Future of Money Sees Possible Scaling Compromise and Price Bounce Posted by Coinmama on June 20, 2017 After last week’s review, the price of bitcoin dipped to a low of $2250 across global exchanges with many other cryptocurrency markets like Ethereum following suit.Since then both Bitcoin and Ethereum’s value has rebounded once again as BTC is currently $2620 USD and Ethereum is hovering around $370.ubuntu bitcoin setupThe overall cryptocurrency market cap is still skyrocketing at a whopping $113 billion dollars worth of digital assets, and over $5 billion in trade volume exchanged daily.bitcoin hex addressThe Bitcoin and Ethereum Phenomenon Continues to Surprise Us All Posted by Coinmama on June 14, 2017 Another exhilarating week has passed in the world of cryptocurrencies, most notably with Bitcoin and Ethereum markets.bitcoin script stack

This past weekend Bitcoin reached and all-time high of $2980 per BTC meanwhile Ethereum surpassed $420 per ETH.Following the weekend markets took a 10 percent downturn, but more trajected upswings in prices are likely to continue.At the moment one BTC is $2760, and one ETH is $390 at the time of writing.These dominating currencies and a slew of others have pushed the overall cryptocurrency valuation above $100 billion in just a matter of months.dogecoin value gbpBitcoin Relentlessly Pushes Forward on the Edge to Mass Adoption Posted by Coinmama on June 05, 2017 Last week bitcoin’s price consolidated in the $2250-2300 range and stabilized nicely for roughly 72 hours.how bitcoin arbitrage worksSince then bitcoin markets have once again kicked up a notch pushing above the $2550 range.litecoin and bitcoin comparison

Meanwhile, Ethereum (ETH) also came back steady and had reached an all-time high of $250 per ETH at the time of writing.When it comes to bitcoiners, all eyes are focused on the exponential growth of cryptocurrency markets alongside the thousands of newcomers joining this evolutionary economy every single day.The Future of Bitcoin and Ethereum Markets Look Brighter Than Ever Before Posted by Coinmama on May 29, 2017 Another exciting week has passed in the land of cryptocurrency as the price of Bitcoin and Ethereum reached monumental all time highs on May 24.Bitcoin’s price touched a high of $2760 while Ethereum surpassed $240 per ETH across global exchanges.However following the day of extreme upward price velocities both cryptocurrencies lost 30 percent in value over the course of the next day.Both Ethereum and Bitcoin have rebounded 10-15 percent since then and have consolidated their values for the time being.Cryptocurrency Markets Skyrocket as Bitcoin and Ethereum Leave Earth's Atmosphere Posted by Coinmama on May 24, 2017 A lot has changed since Coinmama’s last weekly report, as Bitcoin and Ethereum have jumped leaps and bounds like two superheroes blasting through the atmosphere.