CoinWarz – Cryptocurrency Mining Vs Bitcoin Mining Profitability?
CoinWarz is a free cryptocurrency information website that provides data analysis for how profitable it is to mine Bitcoin versus choosing to mine a different alternative digital currency instead.
What Is CoinWarz?
According to the site itself, CoinWarz was founded in May of 2013 and has since received 60+ million page views from 4.5 million unique visitors. As of June 2017, the site claims to receive approximately 1.5 million page views per month.
The site registration does not list any specific information about the owners of CoinWarz, instead pointing to an anonymous PO Box in Riverside, California.
While in some instances having a company that's not entirely transparent with its ownership can be a problem, in this case, it's less troublesome because CoinWarz is an informational website and is not providing products and services.
There's no real traditional “product' that CoinWarz provides its visitors. Instead, its free service involves providing raw data analysis regarding the profitability of mining one of several dozen altcoins versus the profitability of mining Bitcoin.
CoinWarz provides both generalized comparisons and also more detailed ones that require users to input information regarding their mining hardware.
This is a much more complex function that requires detailed knowledge of cryptocurrency mining but yields much more actionable information that has the potential to benefit a curious Bitcoin miner much more greatly.
The core opportunity presented by CoinWarz is to provide information and guidance to cryptocurrency miners regarding profitability.
Crypto mining takes time and resources, and being able to maximize your ability to mine certain digital coins – and the potential profit they represent – can be a major advantage to someone who is looking to create income for themselves by mining digital currencies.
There is also a secondary opportunity presented by CoinWarz in that the platform also accepts advertising campaigns. There are six different ad packages to choose from that individuals interested in promoting their own business opportunities can invest in.
While the exact pricing for these different packages is not listed – interested parties can request a price quote over email – the fact that CoinWarz has the ability to run ads provides a level of functionality can be an advantage.
Mining digital currency is, of course, a very complex subject, and one we don't have the resources to go into with much detail here. That being said, if you are into crypto mining, CoinWarz is a solid site to visit.
There are two core advantages to visiting CoinWarz. One is a direct advantage that's tailored to crypto miners; the other is more of an investment in the future for people looking to advertise on the site.
CoinWarz has a good, solid reputation for providing excellent data analysis when it comes to cryptocoin profitability. This is fantastic for both hardcore bitcoin and altcoin miners fine-tuning their profit margins and novice ones looking to begin crypto mining for themselves.
While the site is light on explanations of its analysis methods, even the most wet-behind-the-ears crypto miner will be able to pull lots of valuable information from the site that can act as excellent guidance. The secondary advantage is much more situational.
If you happen to have a website that deals with cryptocurrency issues and you'd like to promote it, CoinWarz may be a good choice based on the high levels of traffic it receives, as well as the nature of that traffic – people visiting the site are bound to be passionate and informed about Bitcoin and other crypto services.
Of course, there's no hard information about how much one of these ad campaigns might cost you, at least not without spending some time and energy contacting CoinWarz yourself.
There are several other variables a well, especially when it comes to engagement and conversion rates, that could play a role in running an advertising campaign on CoinWarz.
Still, when we look at CoinWarz as an overall site, it's obvious that it's a well-visited website that provides plenty of value to its users, especially because it's providing its services for free.
Running an ad campaign on the site enters you into a symbiotic relationship where the ad revenue you pay the site enables it to continue providing its free service, while you get the benefit of getting more eyes on your own site – eyes that might end up converting into sales.
Taken all together, this makes CoinWarz a pretty good risk for an advertiser. It's also a good risk to rely on the information it shares if you're a crypto miner. Either way, it's definitely worth a visit.