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.
If after reading this you still want to buy a contract (we encourage you to do your own research too as there's a very real risk that you might not get your money back with cloud mining), use our affiliate link to get 3% off (DR3jxb at checkout).
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)
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
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.
This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it.
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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.