My genuine and honest review of 15TH/s ($2000) on Genesis-Mining

I've decided to do a genuine review of Genesis as I've seen so many skewed reviews and opinions on Genesis promising huge ROI and looking to get as many buyers as possible. Recently I made a couple of risky investments with about $400 and turned that into over 1btc worth in the space of a week. I made the decision that I want something that's more of a safe long-term investment as 2k is a lot for a college student to be messing around with.

I then decided to look into cloud mining. Hashing24 sounds great, slightly cheaper, however, you will lose out more in the long run as they take a much bigger cut of your daily revenue. There are very few trustable cloud-mining services, 90% seem to have gone bankrupt within 6 months so Genesis for me seemed like the way forward.

So I invested my money having done tons of research beforehand and making sure calculations were correct. I paid Genesis 2k USD for 15TH/s contract. In this contract, they state for power costs and running costs they take 0.00028 cent per 1000GH/s you own. This seems fair to me as it would probably be more expensive for me in terms of power-consumption here where I live if I were to buy the mining equipment for home use.

So after doing my calculations I invested, the results so far have been very positive. I have been getting pretty much exactly what my calculations have predicted, 51 dollars a week (obviously many factors can fluctuate this week by week but generally along those lines). This may not seem like a lot but I am honestly glad to receive that, (11 dollars - (15000 * 0.00028) is around 7 dollars per day which is in line with the calculator's results.

Now, for the next part. I want to be totally transparent here. You will not see a huge ROI quickly and it will take some time. Where the money is to be made with this seems to be either re-investing profits back into buying more TH/S of power or by holding what you make and waiting for the prices to rise. If things/ BTC price stay the same (which they won't), I will make my initial investment back in 11 months. Everything after that is profit. This is a lifetime contract so this contract won't end until Genesis deem your th/s to be nonfinancial for 60 days or more (so if there's a massive dip for a few days you won't lose your account). That's not lightly to happen for the next 5 or 6 years but is something to take note of.

This is looking to be a very promising investment for the future so far. With accumulation and a rising Bitcoin price, you will probably get less bitcoin per day as times move along HOWEVER, you will most likely get the same or similar daily dollar value as hash rate rises with price generally. So you should get generally 7 dollars or so a day even if the price does rise. So in the long term, this is a pretty safe investment with a chance to make a high return on investment but, this is not a risk-free investment (then again, what is a risk-free investment?).

So a final few thoughts to summarize:

1. This is risky
2. You will not see a massive ROI quickly
3. There is potential to make a lot of money off of this
4. From what I've heard, Genesis seems to be the most legit and trustworthy cloud-mining service out there however they do have their own problems too I'm sure

I hope this clears some things up about Genesis if you have any questions feel free to ask me and I'll try to answer them as best as I possibly can. I've tried making all of this as transparent as possible so people know what they're getting into. I do actually think this is a good investment and I like the idea behind it. I particularly love that you get daily payouts and hope to continue to use this service long into the future.

My payouts so far:

Also, I do have a referral code (I do not have an affiliation with Genesis directly beside owning an account on there, everyone who signs up gets these). If you want a 3% discount then use this code when purchasing: R7mNsL, I will gain a little too from this however not much, I hope to do some upgrades this week so if you use it let me know and I will try to return the favor when I can.