SHA 256 Cloud Mining
Genesis Mining offers lifetime SHA 256 cloud mining contracts. The cloud mining contracts run as long as profitable. Historically this has been around 1.5-3 years. The current contracts have run for a long time since the price has increased over a long time. In addition, the mining difficulty hasn´t increased as much since the hardware has been sold out from manufacturers.
SHA 256 ROI
Genesis Mining SHA 256 Bitcoin cloud mining contracts ROI is published as days until the contract break-even. The last calculation we did was at 2017-10-01. The break-even time was at this point 177 days which is good!
SHA 256 Promo Code
Always use the promo code "allcloud" for 3% off from all contracts at Genesis Mining. The promo code is available for all contracts at all time. The promo code can be reused unlimited times.
SHA 256 Algorithm
SHA stands for Secure Hash Algorithm. Cryptographic hash (sometimes called ‘digest’) is a kind of ‘signature’ for a text or a data file. By comparing the computed "hash" (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data's integrity. A one-way hash can be generated from any piece of data, but the data cannot be generated from the hash.
SHA-256 is used in several different parts of the Bitcoin network:
- Mining uses SHA-256 as the Proof of work algorithm.
- SHA-256 is used in the creation of bitcoin addresses to improve security and privacy.