Genesis Begins Offering Ethereum Cloud Mining

Genesis Mining recently announced that it started offering mining of the Ethereum protocol’s proprietary currency, Ether.

Ethereum is an alternative cryptocurrency protocol developed by Vitalik Buterin, that many industry observers have called Bitcoin 2.0. The initial sale of Ethereum coins raised over $15 million and today has a total market cap of nearly $75 million. You can learn more about Ethereum here.

The pricing for three different Ethereum hashrates includes 3 MH/s for $53.97, 50 MH/s for $899.50, and 100 MH/s for $1,799.

Genesis Mining stated:

Several months ago, we locked our developers in the conference room and told them not to come up until this was complete. This morning, they walked out of the conference room victorious!

We are very bullish on the future of Ethereum and are extremely excited to be able to offer this to our miners!

The company indicates that all fees are charged upfront, and that, when Ethereum switches from proof of work to proof of stake as scheduled, all Ethereum contracts will switch to X11 contracts.

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