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RE: Day 3 With Genesis Mining Ethereum Contract
Just curious, how much did you pay and how much have you earned in total so far? I have been considering Genesis for a long while since my BTC miner is loud as Hell.
Paid $842.93 (used someones referral code to get 3% off); and in 3 days I've made 0.04250008 ETH + 0.00204347 ZEC; it doesn't seem profitable in the short-term, but maybe more so in long-term. Considering, however, how ethereum may switch to PoS sometime in the near future, it might be a bit risky right now. But if you're looking for BitCoin mining, you need to beware that they deduct some small fraction of bitcoin from your daily yield as "maintenance fee" which is why I didn't get on bitcoin mining.
Ok cool. Yeah I have been weary of mining because it seems like in general the pay off is not great in the short term and many times unprofitable on a small scale. Well, since I am too scared to mine myself, I'll have to follow your progress. Ya got a new follower :)
Thank you! I was initially looking to invest much more into it, but now I'm holding back till Ethereum's big switch to PoS, and on the other hand BitCoin will be making the segwit upgrade which can also lead to a hardfork. So risk involved in both right now. I guess the safest bet right now is LTC, ZEC and DASH, but then again if you wanted to play safe, you wouldn't be in the cryptocurrency business lol
Anyway, I'll make sure to post updates to my mining progress everyday, thanks again for the follow!
Haha yeah exactly. I only invest my Steemit earnings in crypto... mostly because I have no patience and end up making bad decisions. Anyway, I started by putting it all into BTC when I cashed out. But, that is boring and the risk is pretty low. THIS IS CRYPTO! You are doing it wrong if you're only looking for the safest bet haha. heers!
How much do you earn through steemit? I have been posting a lot, but making chump change lol