Mining profitability calculator host CoinWarz has recently launched a calculator for Ether, the token that fuels the Ethereum platform. “Perfectly timed” with the history-making DAO crowdfund, the company believes that their calculator has hit the market just in time for Ether mining profitability to be pushed “to the moon.”
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Raising over $140 million USD, CoinWarz says that the DAO crowdfunding project “is a landmark in the history of the Ethereum protocol,” and they hope to aid miners in taking advantage of the newfound Ether mining profitability. Since the beginning of the crowdfund, the Ether price has risen by more than 60%, presenting a lucrative opportunity for miners.
CoinWarz credits Genesis Mining for making their new calculator possible. In a partnership with the company, Genesis Mining “helped and sponsored development” of the Ether mining profitability calculator. Genesis was one of the first companies to offer Ether cloud mining projects, and CoinWarz says the firm has “worked to publicize Ethereum to the mainstream public and offer services that are invaluable to its users.”
The DAO crowdfunding project has stirred up a resurgence in the Ether price, which had fallen and hit a patch of sideways activity following a previous rally. At press time, CoinMarketCap.com reports the Ether price at $14.05 USD.
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Images courtesy of Etherum, CoinWarz.
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