Is Genesis Mining Profitable: follow my experiment

in #bitcoin9 years ago (edited)

image

We all know most cloud mining services are Ponzi schemes, however Genesis Mining seems to be the most reputable in the industry. I wanted to see if cloud mining can be profitable without gaining any referrals

to this end I invested a couple hundred dollars in hash power and decided to blog My Returns on Twitter. for those who don't know Genesis mining gives you a pay out every day for the hash power you purchased.

I started on the 1st of January 2017 and I have been tweeting my daily payouts and at the end of every week I have calculated my ROI and tweeted that also.

I have decided to move that blog to the steam platform seeing a much better place for it. I am doing this experiment the benefit the whole comunity so the direction it takes is up to you

I invested just over $280 in hash power and we'll be sharing the mining payouts equally amongst all my followers here on Steam

I'll post my first month's results tomorrow and then the daily payouts after that. and at the end of the week I'll calculate the ROI just as i did on Twitter.

like I said the direction of this experiment it's up to you guys. we can reinvest our profit into more hash power or wait for the contract to expire and then take what we've made is up to you

follow me and please like this post

Sort:  

Congratulations @alxcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @alxcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!