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.
Let's start with Bitcoin:
Invested $2500 and the daily payout is $12. ROI : 208 days.....but difficulty increases 8% per month.
Dash:
Invested $360. Daily payout $ 1. ROI : 360 days.....if difficulty stays the same(not gonna happen)
Ether:
Invested $5000. Daily payout $ 13. ROI : 384 days.
Monero:
Invested $1300. Daily payout: $3 . ROI : 433 days!!!!!!!
To sum up:
Do not GPU mine!!! Only Bitcoin mining is profitable.
Thanks