Genesis Mining 3% off → yexP9u @ https://www.genesis-mining.com
Hello CryptoJunkies!
As you know, the crypto market has been rapidly increasing in the past month and mining coins are becoming a lot more profitable. Unless you have a dedicated A/C cooled room for an AntMiner or GPU rig your best bet is to cloud mine. If you feel the urge of mining and don't want all the headaches of putting together a rig, cooling, software setup...blah, blah, blah...then definitely go Genesis Mining.
Now, there's a lot of people saying Dash is the best coin to mine and I agree that it has been very profitable but, is this about to change since the price of Litecoin has increased and show no signs of it stopping anytime soon especially with Segwit activation just around the corner. Let's take a look and make a quick comparison!
Dash Mining Plan - 100Mh/s @ $500
Estimated Mined Coin - 0.9464 Dash/Month
Estimated Profit - $87.27/Month (1 Dash = $92.22)
Litecoin Mining Plan - 40MH/s @ $560
Estimated Mined Coin - 4.25 LTC/Month
Estimated Profit - $68.20 (1 LTC = $16.04)
OK...What I'm seeing is that for about the same price I can get 4x's the amount of Litecoin. Yes, it's true at the moment the price of Dash is higher than Litecoin but, what if the price of Litecoin doubles to say at least $30 (do you really think it will stay at $30?). Then the profit would be 4.25 x $30 = ($127.50). So, where do you think the price of Litecoin will be in a month from now or the price of Dash for that matter?
I think the more I can mine now the bigger the profits in the future. Hoard the damn thing and enjoy your profits later! :)
As soon as more people start to mine the difficulty will increase and that will yield less returns.
In conclusion, I believe Dash has been great and Litecoin is about to join the club so, why not get a head start!
Genesis Mining 3% off → yexP9u @ https://www.genesis-mining.com
