RE: Genesis Cloud Mining

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Genesis Cloud Mining

in cryptocurrency •  8 years ago 

Very good point.

Have you seen the free fall in all cryptos today? see https://steemit.com/cryptocurrency/@charles1/the-fears-in-crypto-currencies-big-losses-in-steem-etherium-bitcoin-et-al
people will lose and some will gain.

cryptocurrency
8 years ago by

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      ·  8 years ago 

    I haven't seen it but i heard about it already, they will fall today and rise tomorrow as per say, but in this cloud service if you use it the future is very uncertain, I had a look at the website and I did not invest instead I'm buying rigs to mine the cryptocurrency, more profitable in my opinion

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        ·  8 years ago 

      Good point. So its better to mine yourself? what of the electric bills. I am following you now to stay in touch. Lets stay in touch

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          ·  8 years ago 

        Well, in my opinion, it is better for you to mine yourself, take this example: you buy an antminer from bitmain at a cost of 41 litecoins + delivery and PSU... then you hook it up a pool and mine, considering that the antminer L3+ has 504 Mh/s and consumes 800 watts... even though price of litecoin fell... looking at this statistics... here is the profitability:

        https://www.litecoinpool.org/calc?hashrate=504&speedunit=MH%2Fs&difficulty=255206.12501282&price=37.97727&currency=USD&power=800&energycost=0.19

        Bare in mind that my electricity is 0.19 USD/kWh

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            ·  8 years ago 

          No wonder the antminers have been outsold in the last few weeks XD

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              ·  8 years ago 

            wow, but the issue is complications if you dont understand it. Quite technical isnt it?

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                ·  7 years ago 

              It would be more technical if you were buying and selling currency for example on a MetaTrader platform. with mining, you have a wallet and you buy a product that mines that particular currency then you just have to connect to a pool. I have placed my order with Bitmain and I should have it delivered by September, then I will let you know all the details if you are interested.
              Just reply on a post so I get notified in case if I forget.

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                  ·  7 years ago 

                That will be great. Would like to join and see how it goes. Dont forget to keep me on the loop

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                    ·  7 years ago 

                  I have tested those L3+ I currently have 2 of them mining away and 2 dash miners already ordered and yes they are profitable.

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                      ·  7 years ago 

                    wow that is a good news, what of the costs?

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