RE: RE: Cloud mining.... Should I?
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RE: Cloud mining.... Should I?

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9y

Just a few days ago I ran calculations for profitability of Genesis mining contracts. On their Pricing Page you will see hash rates and their prices. Ex. BTC: $30/200GH/s, $350/2500GH/s so on and so forth. Run that through any mining profit calculator like the one at Cryptocompare. For the cheapest contract mining BTC you will net $59/year from that contract at 0 energy consumption. Then you have to factor in the maintenance fee of "USD 0.00028 per GH/s per day."

I don't think this is going to be profitable for BTC. I know they have other mining contract options for altcoins but from what I can see the profits are negligible. I may do a 30 day test myself to confirm.

@r0bbntheh00d: Just a few days | Ecency