Genesis Mining & CryptoCurrency [08.05.17]
Dear Steem users!
A couple of days ago I've recently started a 2 years contract with Genesis Mining. Just got some DASH MH/s before Genesis Mining set it to "out of stock". Was about to buy a contract for Litecoins, but unfortunately "out of stock" as well.
That leaves me only 3 options left. Monero, Bitcoin & Ethereum. Is it profitable enough to start mining for 2 years?
I've a promo code if someone is interested (3% off - ozTOHD)
Do you guys have any cryptocurrency except for Steem to recommend to take a look on?
Cheers!
Excelnte post dear friend @ryoki that good that this mining in Genesis has very good reputation, I hope you do very well, it is incredible what is happening with the criptomonedas as it has increased its value, I wish you many successes
Thank you very much.
I think the next best one would be Ethereum, but maybe you should wait until Litecoin or Dash contracts open back up?
Thanks for the fast response bryner.
Yeah, I was going to upgrade the Ethereum contract, but the proof of stake holds me back.
Just recently received an email from Genesis Mining for Dash X11 contract:
The X11 – Dash mining contracts have been sold out and we don’t know when we are going to have them in our offer again. Hopefully soon. We’ll keep you informed via our Newsletter. Until the contracts are back we cannot say for sure what the price will be.
Seems that the price of the contract is going to increase :/
Honestly i don't like Genesis Mining.
The only way you have a return of investment, is if the coin have a increase of price.
So by the same way you can buy cryptocurrency and wait until the price increase.
I own ETH, STEEM, NEM and BTC.
True story.
I felt like Dash is stable and potensial to get bigger than 100 dollar. Seems a fair contract to me. Otherwise, ETH, Steem & BTC are good to hold.
Just recently heard about NEM. Good coin to invest?
Well in Asia is very famous and have high movility there.
This can't miner only harvest with a node or delegating to a node and gaining fee by the transactions.
I like it much.
If you are interested in litecoin then buy it from www.hashflare.io. Unlike genesis-mining.com they have lifetime litecoin cointracts but the contract pays in btc and not in ltc itself, I don't know why but I am ok with it. The cost of litecoin contract is almost 13.5USD per MH and cost of electricity and maintenance is 0.01 $ / 1 MH/s / 24h. I have purchased 28MH litecoin contracts and since the price hype of LITECOIN I've been making almost 0.0015btc income per day and maintenance cost is 0.00018btc which make final output (0.0015-0.00018) 0.00132btc. Another feature of hashflare that I like is you can reinvest to upgrade your contracts from within the panels itself using your earned btc itself.
If you want to help me out this is my referral code E984A8AC.
Dear Ashwim.
Nice website. But the prices are a bit higher than Genesis Mining?
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This my Genesis Mining promo code for 3% discount ALQ3jY. Thanx to anyone who will use it. Good luck with Bitcoins!!