CoinWarz, a platform that provides information on mining profitability for cryptocurrencies, has announced that in partnership with Genesis Mining, it has launched an Ethereum mining calculator that shows the profitability of Ethereum mining.

“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”, CoinWarz said.

The company said that the launch was perfectly timed with ‘The DAO’ crowdfund. The DAO, or Decentralized Autonomous Organization, leverages smart contracts on the Ethereum blockchain to enable anyone, anywhere in the world to create their own autonomous organization. It has raised more than $140 million and is a landmark in the history of the Ethereum protocol. CoinWarz believes that the project has the potential to “push Ethereum mining profitability to the moon”. 

CoinWarz explains that the most crucial aspect of calculating mining profitability is being able to determine how much money could be made mining one cryptocurrency relative to another. As Bitcoin is the leading cryptocurrency, mining profitability comparisons are made against mining Bitcoin. CoinWarz pointed out that with The DAO boosting Ethereum price, mining Ethereum is three times more profitable to mine than Bitcoin with a new $1,000 mining rig.

An exclusive discount for the first 100 Ethereum contracts in Genesis Mining is available by using the code: COINWARZ at checkout.

Operating since 2013 with over 400 cryptocurrencies listed and currently showing mining profitability for 77 cryptocurrencies, Coinwarz has helped thousands of people to make good cryptocurrency mining investments.

Genesis Mining, the world’s leading Bitcoin cloud mining provider and first Ethereum cloud miner, recently slashed the price to mine Ether and also released footage of its Ether cloud mining farm, Enigma, which is the largest Ether cloud mining farm in the world.