Galaxy mining vs. genesis mining

Hello steemians,

I made a video about the difference between galaxy mining and genesis mining. Because we all want to know where we get the most value for our money. Both companies are good, but one can only be the best. I will explain in short under the video why I chose galaxy mining.

First of all galaxy mine has a better MH/s and Gh/s rate in general. With genesis mining you get 2 year contracts, with galaxy mine the contracts are for 3 years which will give you a significantly higher profit, mathematically about 33%. But it will actually be more because of the compounding factor. Your daily mining profits at genesis mining will decrease because of the rising mining difficulty, where contracts at galaxy mining put minimal 35% (35%-100%, you choose the compounding percentage and it is adjustable as many times as you want) of the profits into new mining power automatically. This counters the rising mining difficulty.

Out of experience of other miners I can say that at 100% compounding mining power approximately triples in one year (thank you Einstein for your knowledge). My $2500 worth of mining equipment can become about $7500 after one year, and about $22500 after 2 years (this is a calculation, not a certainty). Or 111MH/s at 100% compounding becomes approximately 333MH/s after a year, about 999MH/s after 2 years etc. Besides that, after 3 years the original MH/s of your contract is deducted from your accumulated hashrate and mining continues indefinitely(!)as well as repurchase, as long as the hardware remains sufficiently 'strong', or until mining becomes too difficult for the capacity to handle.

These are the main reasons why galaxy mining is the most reliable, transparant and most generous cryptocurrency mine in the world. Yes genesis mining is better known than galaxy mining, but how long will it take before people will find their way to galaxy mine? Because of the compounding factor, galaxy mining will become the biggest mine in the world in a few years. Oh and did I mention that genesis mining is cloud mining, where galaxy mine isn't because all miners of galaxy mine OWN their equipment! I hope I have made things clearer for you. And let me be clear: I have absolutely nothing against genesis mining, I respect them and will not speak a bad word about them. On the contrary, I'm thinking about starting a genesis mining contract to mine some cryptocurrencies I can't currently mine with galaxy mining (like dash, monero and litecoin). I am just pointing people to a better alternative, I love all miners because cryptocurrencies will change the world for the better.

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