Place/Date: Hong Kong - May 19th, 2016 at 8:26 am UTC · 2 min read
Coinwarz, a service that provides mining profitability information for cryptocurrencies, has just launched an Ethereum mining calculator that shows the profitability of Ethereum mining. The launch was made possible via the partnership with Genesis Mining – Ethereum’s largest mining company in the world.
This service is perfectly timed with the DAO crowdfunding project, the largest crowdfunding in the history of any cryptocurrency. The DAO has raised more than $140 million and is a landmark in the history of the Ethereum protocol. The currency price has increased more than 60% since the beginning of the crowdfunding project.
With this activity, Coinwarz reinforces itself as one of the most innovative and reliable services in its market. Operating since 2013 with more than 400 cryptocurrencies listed and currently showing mining profitability for 77 cryptocurrencies, Coinwarz has helped thousands of people to make good cryptocurrency mining investments.
The most important part of calculating mining profitability is being able to calculate how much money can be made mining one cryptocurrency versus another cryptocurrency. Since Bitcoin is the leading cryptocurrency, mining profitability comparisons are made against mining Bitcoin. And now, with THE DAO pushing the Ethereum price to the moon, mining Ethereum is three times more profitable to mine than Bitcoin with a new $ 1,000 mining rig.
The mining calculator for Ethereum was made possible by the partnership between Coinwarz and Genesis Mining, which helped and sponsored development. Genesis Mining is the world’s largest mining company for Ethereum and has worked to publicize Ethereum to the mainstream public and offer services that are invaluable to its users.
This strategic partnership between the largest solution provider for mining profitability and the world’s largest mining company is strategically important for investors in decision-making.
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