RE: Genesis Mining Review #4: 21 Days After Upgrading to 57.805 TH/s Open-Ended Bitcoin Mining
Nice artical Mike, I learned a lot.
Now I understand what it means and how the bitcoin mining contract would no longer be profitable.
They basicaly charge us for the power used to mine the coin and when that cost gets higher than then the mined value on say a daily bases, then the jig is up for both parties.
Wish you would give us some figures of how much U.S dollars was put in to get your currwnt hash rate. Im kinda new to this so I dont know much of the cost per hash.
I did get a 500.00 dollar litecoin contract just days before it sold out. Its doung very well, I wish I could get more.
Anyone hear if more litecoin contracts coming to Geniesis, I heard it was but I dont see it available on the website. Maybe I missed it.
Funny they advertise it with pop-up ads then you go there and nothing. Am I missing somthing?
Thanks again Mike. Ill use your promo if I get more.
Thank you!
In this post I went into a little more detail about my BTC mining contract and the upgrades performed including my total cost at the time.
https://steemit.com/review/@etcmike/genesis-mining-review-6-11-days-after-upgrading-to-70-9525-th-s-open-ended-bitcoin-mining
Have a great weekend!
Steem on,
Mike