Etherum mining in Genesis - Review/Experience
Hello all crypto enthusiasts :)
In the following post I will try and provide transparent information, but if any subjectivity is read, please do tell.
By now I am sure you all have heard about mining companies.
I have encountered 2 fake mining farms till now: scrypt.cc and bitminer(.com if I remember correctly), but believing in the technology and the people behind it, I kept on searching for true-farms.
In October of last year I came across Genesis Mining. It is known for being one of the most popular farms of this kind. I started by putting 30 USD into Dash mining for testing, and since it gave (to my personal wallet) returns daily, I went on further investing.
This article will include facts about my last investment in Genesis Mining's Etherum hashrate.
I will give my best to keep it as transparent as possible, but if anything escapes my writing, feel free to ask and I will answer asap.
Investments
=> investment of ~ 740 * 0.04 = 29.6 USD
=> investment of ~ 1270 * 0.13 = 165 USD
=> investment of ~ 7000 USD
Total
~7200 USD
Allocation
At first, I have allocated 75% on Etherum, 25% on Zcash, but ~1 week after the last investment, allocated full on Etherum.
Returns
The returns are sent to my Freewallet account, thus they will get stashed above my previous balance.
As it can be seen, two days after the payment was made, the first checkout took place automatically.
I intend to continuously update this picture so you will know how the return fluctuates for a bigger investment (> 7k $)
Return total
~2,13676327 ETH since the last investment
Conclusion
Alongside bitmain's Hashnest, for me, Genesis Mining seems to be a legit farm, although returns fluctuate heavily and transparency could be clearer.
Feel free to use my referral to get a 3% discount on your purchase, and thus give me some small amount of hashpower:
RHZCYQ
Tank you for reading this,
Please ask any related question :)
Oct
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