A question I get asked, way too often, "is Genesis Mining profitable" or should I just buy and hodl!?
https://youtu.be/LUQur8EMrBI
In this short video I show how to buy mining hash power, as I prepare and explain my ExperimenT.
Click here https://www.genesis-mining.com
USE THIS CODE * prDK5h * * FOR 3% OFF
I bought the CHEAPEST contracts available.
$30.00 BTC 0.20 TH/s,
$30.00 ETH 1.0 MH/s,
$30.00 DASH 5.0 MH/s,
$50.00 Monero 60.0 H/s .
Total coat 0.054 BTC. Let's see how long, if ever, it takes to get into profit...
I'll be updating this weekly.
Predictions
BTC contract will get cancelled as the difficulty rises as it will become "not profitable" (which is mentioned in the T&Cs)
Dash will take a while and unless its difficulty shoots up id say you'll make money overall
Eth will take forever but will probably get your money back
Monero - no comment. Could be a sleeping beast.
However all that said fiat wise you may earn more. But coin count wise you may lose out and ultimately lose value that way.
So im excited for this and you may end up showing a lose of value. However there seems to be 2 types of people around now
Holders - coin count is everything and fiat value is irrelevant long term (im moving this way)
Sellers - how much fiat can they get now. Pump and dump. Trade it away and make a quick profit.
No one knows the future and we all have our beliefs. Personally i like to hold a top 5 and mess around with a small amount of coins :)
But i like genesis and i find it fun seeing daily payments. Also makes for good video material for regular updates lol