Genesis Mining update

in cryptocurrency •  7 years ago 

After 11 days joining to the genesis mining on ETH. I have received 0.07687 ETH and 0.00064944 BTC for 10mh plan.

The expected breakeven period is : 4.86 months
The return from capital is 7.54%.

The breakeven period do not account for:

  1. future increase in difficulty
  2. price remains unchanged

Therefore, given the price level now, it is more likely to underestimate the breakeven period and overestimate the profitability.

It is also worth to note that the unit I extract when I just started was 0.0086 and now it is 0.0069 which means 20% less.

So far, it looks like a good investment but risk should be considered.

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Given the recent volatility of eth price, the risk is quite high but yeah if you can breakeven at the end its all good.

definitely, good thing is that the contract is 2 years, so plenty of time for breaking even. But just ensure not to be too optimistic with the projection.

im mining 3mh/s eth and getting back 0.00073339 a day, but it says "Amount to be paid is too small, minimum amount is 0.05"

do i need at least 10mhs?

no just wait when it accumulates until it reaches the minimum payout.

ahhh ok thanks

no worries

You`ve made 1.82$ in 11 days?

no, around 22USD in 11 days.

What was your investment ?

291 USD.

CLoud mining right ? Not machines because the price is 2 low for a machine. Can you help me with more specific details please ? I want to invest about 5.000$-10.000$. Any advices ?

depend on your risk appetite. I will definitely consider to invest a actual mine machine (6 AMD 580) will cost you around 2K USD. and you can invest 2-3 of those depending whether your living condition would allow.

nice bro

thanks man

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