Pages

World’s Largest Cloud Mining Provider Genesis Mining Announces Significant Decrease in the Ethereum Mining Price

Ethereum is one of the fastest growing cryptocurrencies next to Bitcoin. Just a few months ago, the price was $1, then it shot up to $13 and today it has settled at just under $10. This rapid growth excited investors who were eager not to miss out on another hyper-growth investment opportunity.

While some choose to invest in Ethereum directly, many are turning to Cloud Mining to enter the market. Genesis Mining, the world's largest cloud mining provider and first Ethereum cloud miner, announced today a significant decrease in their price to mine Ether. Starting today, the price will be $37 per MH/s, reduced from the current rate of $44 per MH/s.

Following the price reduction announcement, Genesis Mining released footage of their Ether cloud mining farm, Enigma, which is the largest Ether cloud mining farm in the world.
Like all cryptocurrencies, the future of Ether remains uncertain, but the tone of the conversation surrounding Ether is different than almost any other cryptocurrency.