3 Weeks With Genesis Mining
To be honest, I can't make sense of my earnings so far on Genesis Mining, here's what they look like so far, along with the average daily ether + btc price:
| Date | Earnings | Avg. Ether Price *** | Avg. BTC Price *** |
|---|---|---|---|
| 2017-06-21 | 0.01490537 | $344.3075 | $2707.735 |
| 2017-06-22 | 0.01505611 | $336.6875 | $2690.635 |
| 2017-06-23 | 0.0125386 + 0.00204347 ZEC** | $340.3075 | $2730.9475 |
| 2017-06-24 | 0.01261017 + 0.00167678 ZEC** | $332.76 | $2672.0925 |
| 2017-06-25 | 0.01380483 | $311.04 | $2,607.760 |
| 2017-06-26 | 0.01305077 | $281.4375 | $2,515.140 |
| 2017-06-27 | 0.01423795 | $271.5025 | $2479.085 |
| 2017-06-28 | 0.01335451 | $307.62 | $2,554.055 |
| 2017-06-29 | 0.01033973 + 0.00277353 ZEC** | $314.8325 | $2,551.548 |
| 2017-06-30 | 0.01021752 + 0.00312483 ZEC** | $300.42 | $2,514.440 |
| 2017-07-01 | 0.0097589 + 0.00303197 ZEC** | $282.58 | $2,465.413 |
| 2017-07-02 | 0.00996999 + 0.00303156 ZEC** | $280.285 | $2,462.998 |
| 2017-07-03 | 0.00972336 + 0.00278983 ZEC** | $285.8975 | $2,534.523 |
| 2017-07-04 | 0.01019912 + 0.00242578 ZEC** | $278.9975 | $2,588.395 |
| 2017-07-05 | 0.01033739 + 0.00240055 ZEC** | $269.6125 | $2,591.515 |
| 2017-07-06 | 0.01001135 + 0.00233251 ZEC** | $270.85 | $2,603.768 |
| 2017-07-07 | 0.0101706 + 0.00233961 ZEC** | $258.6125 | $2,635.565 |
| 2017-07-08 | 0.00992007 + 0.00229227 ZEC** | $251.905 | $2,538.815 |
| 2017-07-09 | 0.00961379 + 0.00231876 ZEC** | $247.8 | $2,561.033 |
| 2017-07-10 | 0.00898992 + 0.00211278 ZEC** | $225.8 | $2,439.025 |
| 2017-07-11 | 0.00840963 + 0.00204874 ZEC** | $203.1525 | $2,358.490 |
| 2017-07-12 | 0.00854105 + 0.00220429 ZEC** | $212.07 | $2,357.615 |
I'm not sure if the fluctuation in prices (which for the most part is a steady decrease) is based on daily ether or bitcoin prices, or if it's something to do with mining difficulty, block rewards etc. Until genesis mining is able to provide us with mining data specific to the plan we buy (such as block difficulty, pool speed, etc.) and be completely transparent on what's actually going on, it's very difficult to predict whether:
- They're actually mining it, or;
- They have a software that allocates payments based on various factors, or;
- The daily payouts are pegged to either Ether or Bitcoin prices, or;
- They might actually be only mining Bitcoin and converting it to Ethereum etc. and paying users out daily.
What do you guys think? Share your thoughts in the comments section below :)!
** 6 MH/s allocated to ZCash (AUTO) mining -- i.e. 6 MH/s worth of ether mined is converted to ZCash on the days' ETHER > ZCASH exchange rate.
*** Avg. Ether / BTC prices calculated from Coin Market Cap Ether Historic Data + Coin Market Cap BTC Historic Data based on day's open, high, low and close prices.
cool
hello. genesis mining is a bad investment you will be lucky to get your money back in 3yrs never mind any profit and when you see the fees that come attached to their payouts it is even more ridiculous. you would be better off taking whatever money you put in there and just buy bitcoin outright and hold it. in the dog yrs it will take genesis to get you to even bitcoin will have gone up considerable. most of these ventures that are going to 'multiply your bitcoin' are scams or bad investments and stay away from any h.y.i.p.'s they are all scams, that's high yeild investment platforms. these 'pumps' are mostly scams too. be careful with your bitcoin because you will lose it to these scam artists. peace.
I've actually tried out Bitconnect recently and I must I'm impressed, seems a much better investment then mining and you recieve your capital back after set days you must have it invested. Check it out bitconnet
I have seen that too, I was about to invest into it, but it seems like a bigger scam than cloud mining lol, read this article before you invest in it, seems like a very good analysis!
I might only upgrade a little bit of hashing power on Bitcoin, just to return the favor since you used my referral code. But other than that, I think trading, lending and staking is probably the best way to go!
Your probably right!
I've only invested a small amount so well have to see how it goes