Micro Hash Cloud Minning VS. Genesis Cloud Mining: Pros and Cons

in steemit •  2 years ago  (edited)

Recently I decided to cross-check the profitability and earning viability of two cloud mining platforms and here are my findings! I am one of those people who like to let money work for them rather than work for money. In short - an investor. As an investor/entrepreneur, the first step towards a successful investment is making enough findings, in order to ensure that the investment is not a future failure(house of cards) or less profitable. This allows you to ensure that your money is not just sitting somewhere on the shelf or sitting down "drinking Koolaid" in someone else's account when it should be mixing concrete and laying the bricks of new wealth.

First off I will start with the well known Genesis Mining with which most cloud mining investors are well familiar.

Mining Date Count:
It turns out that at Genesis mining, official mining begins two long days after you purchase mining Hash Power. At least that is what the details in my account tells me. See for yourselves below!

Genesis Mining deposit:
Fig. 1.
genesis deposit.PNG

Fig. 2.
Genesir mining earnings.PNG

Secondly, I would like to bring your attention to the fact that I have not been paid any of my earnings from Genesis mining. Reason being that, my earnings have not reached the minimum for withdrawals on Genesis mining. Minimum withdrawal on Genesis mining is 0.015 BTC. Just in case I didn't mention, I bought 0.2 Tera hash of mining hash power from Genesis mining, which is worth about $30 worth of bitcoin.

Fig. 3.
btc satoshi conversion.PNG
With the conversion rate displayed in fig. 3., You can easily tell that i\f I made an average earning of 0.00005000 daily from the 2.0 T/H power I purchased, that is simply less than $0.20 daily as net profit.

Genesis Cloud mining contract stipulates that I am responsible for the care and maintenance of the mining device assigned to my account. That sounds "a little too boogie for me to comprehend" what's crazy is that it can be used as an excuse to omit payment whereby claiming that earnings have been used to maintaining the device related to my virtual account.

Pros of Genesis mining:

  • You get your original capital back after your mining contract ends (well,.. so I hope),
  • Claims to have over 500,000 subscribers (accounts)'
  • Has a good reputation amongst most people who opt for cloud mining as a source of passive income or cryptocurrency investment,

Cons of Genesis mining:

  • low profit
  • requires a significantly large amount of investment for profitability
  • less than 1% profit daily

Mining Date Count;
Fig. 4.
microhash orders.PNG
Fig. 5.
Cost Efficiency + Guaranteed Daily Earnings
calculator microhash.PNG

Micro Hash Cloud mining offers a life-time earning contract. Estimated 10% - 15% profit on investment (Hashpower bought) daily. This means that you are sure to earn back your initial investment 7 to 10 days after funding your account. This is no joke or vague promise! Micro Hash offers NO withdrawal fees and 24hrs fund withdrawal ability to all registered users.
Fig. 6.
microhash payout.PNG

Pros of Micro Hash:

  • Instantaneous earning seconds after deposit,
  • Estimated 10% - 15% profit on investment (Hashpower bought) daily,
  • 24hrs round the clock withdrawal access,
  • Secured by four different security providers.

Cons of MicroHash:

  • Only 100.000 GH/s Available for sale from the Datacenter; 1.8 of which is currently sold out.

My unbiased conclusion is:
Microhash is everything Genesis mining isn't in terms of payouts, earnings, refs, earnings withdrawals, and transparency.

Sign up for a Micro Hash account today if you wish.
Click this banner --->

GoodLuck and happy earnings!
upvote gif steem.gif

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

How true is this?

I have an account with both mining clouds so I can tell you it's true from experience 99.99%

So Simeon, if we opt for 1000KH/s rate, an investment of $120, gives a return of $4380 per year? Or is the $120 a recurring monthly investment?

muy buen post bro

well dont know about genesis but microhash is true i use it