A honest weekly genesis mining update!! Profitablility dropping hard!!!

steemthenews (41)in #bitcoin • 7 years ago (edited)

genesis mining weekly.jpg

Hi guys,

I'm mining on Genesis mining for more then a month now . I 've seen a lot of Youtube/Steem articles about Genesis Mining. A lot of people have started mining and dificulty increases and daily earnings are dropping hard!!

I want to give you a honest weekly update. I have invested $9000, so I can give you a clear view of the profitability.

2017-07-13 (10).png

Let's start with Bitcoin:

Invested $2500 and the daily payout is $12. ROI : 208 days.....but difficulty increases 8% per month.

2017-07-13 (6).png

Dash:

Invested $360. Daily payout $ 1. ROI : 360 days.....if difficulty stays the same(not gonna happen)

2017-07-13 (7).png

Ether:

Invested $5000. Daily payout $ 13. ROI : 384 days.

2017-07-13 (8).png

Monero:

Invested $1300. Daily payout: $3 . ROI : 433 days!!!!!!!

2017-07-13 (9).png

To sum up:

Do not GPU mine!!! Only Bitcoin mining is profitable.

Thanks

#ethereum #cryptocurrency #crypto #genesis

7 years ago in #bitcoin by steemthenews (41)

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cardboard (65) 7 years ago

Don't do genesis or any other bitcoin cloud mining.
https://steemit.com/genesis/@cardboard/genesis-mining-36-return-of-investment-yep-that-s-a-negative

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joeyarnoldvn (66) 7 years ago

agreed

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1 vote

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steemsatan (25) 7 years ago

The real problem at the moment is that many alt-coins and bitcoin have had their prices dive which meaning payouts from mining are not worth as much as they used to be. There is still a pretty good chance that it will become more profitable providing prices recover

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1 vote

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life-of-al (38) 7 years ago

cheers for that - glad I am not the only one.

$0.03

1 vote

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steemitboard (66) 6 years ago

Congratulations @steemthenews! You received a personal award!