I was calculating the ROI of genesis mining today using todays prices. I know cypto is red today but my results are still interesting.
According to my calculations, right now, the btc mining contracts will make you your money back the fastest! This really shocked me because it is a life time contact and it will be earning for more than 2 years if you have a decent amount of hash power.
Here are my calcuations, I used the payouts for today. I only have btc, dash and eth power.
For BTC, it costs $30/.2 TH.
I have .7 TH which paid me 0.00021036.
If I upgrade using $300, I would get 2 TH. If I set up the fractions, it would look like this (payout/mh) 0.00021036/.7 == x/2. x = .00060103 * 2400 = $1.44. 300/1.44 = 208 days for ROI!
For ETH, it costs $30/1 mg.
I have 19 mh which paid me 0.00721034.
If I upgrade using $300, I would get 10 mgs. If I set up the fractions, .00721034/19 == x/10. X = .003795 * 210 = $.797. 300/.797 = 376 days ROI.
For DASH, it costs $30/5 mg.
I have 410 mg which paid me 0.0398712.
If I upgrade using $300, I would get 50 mgs. Fractions are, 0.0398712/410 = x/50. X = 1.99356 * 175 = $.851. 300/.851 = 352.5 days.
In conclusion, the btc contract is currently the best one to buy with the current prices. Prices could change tomorrow and change the my roi calculations. If you upgrade, please use code for a 3% discount. Thanks for reading!
Nice thought, but here is a challenge. Pretend that you did this 2 years ago and apply the difficulty factor changes month after month. Then come back here and tell us how long your investment lasted.
I am not trying to be mean. I had 12,000 Mhs at 5 different mining web sites all destroyed by the difficulty factor.
Thank you for replying. I do see what you are saying and I am not offended by it. I like to hear what other people think. The mining difficulty has gone up ridiculous amounts over the last couple of months. Its like a gold rush, people are trying to get their hands on as much hashing power as possible. That is one huge issue with cloud mining. You can do all the math you want but you do not know how it will end up. You dont know what the price or the difficulty will be in the future.
Thanks again for your comment.