Genesis Mining Profitability (February 2018)
This guide gives the current profitability of all available cloud mining contracts on Genesis Mining on 9th February 2018.
To compare contracts equally, we scale hashpower down to a $30 initial investment. Calculations are made using our cloud mining calculator: www.anythingcrypto.com/cloud-mining-calculators/medium
We did a similar comparison for HashFlare here.
Currently Genesis are out of stock on Bitcoin, Dash, Litecoin and Monero mining contracts; so in this guide we compare their Ethereum and ZCash contracts. Both are pre-orders that would start on 30th April 2018 (this delayed start is included in our calculations).
Issues around Genesis Mining
Before buying a Genesis Mining contract there are a few things to be aware of:
- Ethereum may move to proof-of-stake in the future. If this happens and you own an Ethereum mining contract you'll likely have to change to a different coin using the same algorithm (Ethereum Classic for example).
- Genesis Mining has a reputation for inconsistent payouts, where sometimes you might not get paid for several months (with many people claiming they've never been paid).
Profitability of a $30 investment in each of Genesis Mining's contracts:
Ethereum (current price $848) NOT PROFITABLE
790 kH/s, 2 year contract
Optimistic: $0.22 per week, $23 after 2 years
Skeptical: $0.04 per week, $4 after 2 years
ZCash (current price $429)
11 H/s, 2 year contract
Optimistic: $0.30 per week, $31 after 2 years
Skeptical: $0.05 per week, $5 after 2 years
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April 17th, 2018
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What is Bitcoin Mining?
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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