RE: Genesis Bitcoin Mining Contract Upgrade

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Genesis Bitcoin Mining Contract Upgrade

in crypto-news •  7 years ago 

Genesis seems legit. I still cant understand why over time the amount mined has gone down what I would consider dramatically. Put a pretty penny in hoping for consistent returns which I would say I "see" but could be better. I sometimes wonder if I would have been better off just buying LTC outright and riding the wave up vs. Mining other coins.

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Hello I made analysis of DASH mining with Genesis. The reason why profits decline over time is that the mining difficulty increases pretty fast. If you are more interested please check it out: https://steemit.com/blockchain/@danzu51/genesis-mining-dash-mining-profitability-analysis

I mine separate of my cloud mining contracts and the difficulty doesn't increase as quickly as the contracts would make you believe.

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