I have been cloud mining for the last 2 years with Genesis Mining. This article is a recapitulation of how much money I made using this cloud mining service. Note that investing in cloud mining is a risky operation, this is why I recommend you to read my blog post: Cloud mining : what are the risks and how to minimize them?.
Comparison table of Genesis Mining Contracts
The following table is a comparison of the mining contracts provided by Genesis Mining.
| _ | Bitcoin | Ethereum | Litecoin | Monero |
|---|---|---|---|---|
| Investment | $800 | $200 | $100 | $100 |
| Return in 2 year* | $1104 | $424 | $194 | $90 |
| Yield | 138% | 212% | 194% | 95% |
*2 years is the contract-period for Ethereum, Litecoin and Monero.
Conclusion
An investment two years ago turned out to be a good operation. This is important to note that investing in cloud mining right now is probably not as good as it used to be.
If you still want to buy a Genesis mining service, you can get a 3% off if you use my promo-code: OebC5f (I will get a percentage of what you buy).
Obviously, just buying the crypto and hold is multiple times more profitable. I've always know that. Never done these mining contracts for that reason. There's a big winner though - i'm sure we can guess who.
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It's a pity you you didn't include data where you show how much you lost because you didn't invest in the coins directly. Thanks for the post.
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This table doesn't take into account the fact that the price of the coins increased, it is the sum of the payouts I received month by month with the exchange rate at that time.
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Exactly, that's the problem. You would have received far more income had you just invested directly in the coins themselves, right?
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Thanks for the data!
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