In my last post regarding crypto-currency investment comparisons, I looked at Bitconnect.co and Genesis-Mining. I started experimenting with both in June of this year. That post, Bitconnect.co >> VS. << Genesis-Mining // 72 DAYs Later!!
was posted around 72 days after starting my account with Genesis-Mining.
So now at the 90 day mark I will share my Genesis Mining results. As of earlier today, I have recouped 48% of my initial Bitcoin investment, which doesn't seem bad at all. Yet there is a small dilemma called Difficulty. For the most part this is always going up, thereby making it harder for the Bitcoin Miners to find Bitcoin. In reality it is just making the computers hash a larger or bigger algorithm when the difficulty goes up. This then forces the average time of Bitcoin/Blocks found to increase. Lately though, with the advent of Bitcoin Cash, and miners jumping back and forth between mining Bitcoin and Bitcoin Cash, the difficulty has actually gone sideways and even down. The Bitcoin Hash Rate has mostly gone sideways. I believe this bodes well for any current Bitcoin Miners. This is due to the fact that the actual physical miners are competing against either the same amount of miners or sometimes less miners. So when normally the rewards are shrinking, now they are remaining about the same or shrinking but at a much slower rate.
I am just guess-timating, but hopefully in the next 90 days from now, I will have around 75% of my initial investment back. Again, this will depend on the Bitcoin Network Hash Rate and Network Difficulty. I believe that as long as this power struggle between Miners mining Bitcoin and/or Bitcoin Cash continues, it will benefit the miners by allowing them to generate ROI on their Bitcoin hardware/contracts.
Genesis-Mining has recently enabled purchasing Pre-orders for Bitcoin Mining. They are currently sold out, and I don't think the next contracts will last long either. If you are interested in Bitcoin CLOUD mining, Genesis-Mining is and continues to be one of the most reputable mining companies out there. If you purchase one of the new Pre-Order contracts, mining for those contracts does not begin until the end of October. They are currently only offering Ethereum and Monero mining, plus the pre-order of Bitcoin mining.
Any questions or suggestions, please let me know.
Full Steem Ahead!
09/07/2017
So You Want To Mine Bitcoin?
Pre-Order Contracts On Sale Now! Will Not Last!!
