Genesis Mining Profitability (December 2017)
This guide gives the current profitability of all cloud mining contracts on Genesis Mining. These numbers were calculated on the 10th December 2017.
In this comparison we work out profitability using a $30 initial investment (scaled down for Monero & ZCash, where contracts start at $50). Generally all of their plans decrease by about 10% if you invest 10x more (e.g. if you invest $300, you get 10% better value than investing $30).
Calculations are made using our cloud mining calculator, try it out here: www.anythingcrypto.com/cloud-mining-calculators/medium
We did a similar comparison for HashFlare here.
If after reading this you still want to buy a contract (we encourage you to do your own research too, there's a very real risk that you might not get your money back with cloud mining), use our affiliate code to get 3% off (DR3jxb at checkout).
Profitability of a $30 investment in each of Genesis Mining's contracts:
Bitcoin (current price $15,650)
168 GH/s, Open-Ended
Optimistic: $1.92 per week, $200 after 2 years
Skeptical: $0.68 per week, $71 after 2 years
*For open-ended contracts you pay a daily fee, this is included. The contract expires when this fee vs your earnings is no longer profitable, which could happen if the price dropped by around 3x for a significant time.
Dash (current price $700) NOT PROFITABLE
5 MH/s, 2 year contract
Optimistic: $0.01 per week, $1 after 2 years
Skeptical: $0.00 per week, $0 after 2 years
Ethereum (current price $455)
1 MH/s, 2 year contract
Optimistic: $0.42 per week, $44 after 2 years
Skeptical: $0.17 per week, $18 after 2 years
Litecoin (current price $150)
4 MH/s, 2 year contract
Optimistic: $0.31 per week, $32 after 2 years
Skeptical: $0.16 per week, $17 after 2 years
Monero (current price $240)
36 H/s, 2 year contract
Optimistic: $0.59 per week, $62 after 2 years
Skeptical: $0.25 per week, $26 after 2 years
ZCash (current price $310)
16 H/s, 2 year contract
Optimistic: $0.56 per week, $58 after 2 years
Skeptical: $0.23 per week, $24 after 2 years
DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Anything Crypto is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.
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Written by the Anything Crypto team
We first discovered Bitcoin in late 2016, and wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed!
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All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. We encourage you to consult your own legal & financial advisors before making any cryptocurrency-related purchase.