Cloud mining for Bitcoin has been around for quite some time now, through services such as CEX.IO. We all assumed it was only a matter of time until we saw a Litecoin cloud hashing service. That time has come, ladies & gents.
Markets.CX is the name of the service, where you can buy and sell mining kilohashes per second in exchange for Litecoin.
Once you purchased some kilohashes on Markets.CX, they will start mining Litecoin for you right away. You can clearly see the similarities with CEX.IO already.
In case you are wondering where all this hashing power comes from, the answer is simple : each purchasable Kilohash per second is coming from GridSeed miners.
Nifty little things as they are, these GridSeed miners are an easy and affordable mining solution for any and all miners out there.
As far as pricing goes, currently, you’re paying 0.036 Litecoin per KIlohash, or about 0.58 USD. I would expect these prices to drop a bit further, as you would need to spend about 72 Litecoin to get around 2 Megahash of mining power.
A quick calculation will show you that 72 Litecoin is about 1161.36 USD, and if you want to take it one step further, it’s about 1.793 Bitcoin.
Still cheaper to buy the GridSeed miners directly if you are a very small time miner. However, it’s a nice alternative for bigger miners, provided by Markets.CX.
There’s also an affiliate program running through Markets.CX, where you will receive 3.5% of any hash power purchased when someone clicked your affiliate link. Not a bad deal!
With the recent addition of Litecoin to BTCChina, this is another good step for Litecoin’s future value, as more and more Litecoin could be bought up and spent on Markets.CX.