Most of cryptocurrency users are familiar with mining but everyone can afford for himself to build a farm and mine cryptocurrencies in his or her own space. One of the options is to buy a cloud mine contract to get profits. I should acknowledge that I was sceptical about cloud mining contracts on Genesis Mining but after I checked and re-checked profitability I changed my opinion.
What cryptocurrencies Genesis Mining platform is offering to mine?
Alongside traditional Bitcoin and Litecoin mining contracts Genesis Mining also offers Ethereum, ZCash, Dash and Monero cloud contracts. I should say very clearly from the very start - I do not suggest to you to buy Bitcoin and Litecoin contracts. It is a waste of your money acquiring BTC and LTC contracts as I was unable to return my initial investment.
Let's take a closer look for any proof:
Bitcoin mining profitability
- Bitcoin Medium Mining Contract (Lifetime), 2.5 TH/s (350 USD):
- Bitcoin Large Mining Contract (Lifetime), 15 TH/s (1950 USD):
- Bitcoin Small Mining Contract (Lifetime), 200 GH/s, (30 USD):
Ethereum mining profitability:
- Ethereum Large Mining Contract (12 Months), 100 MH/s (2799 USD):
- Ethereum Medium Mining Contract (12 Months), 25 MH/s (869 USD):
- Ethereum Small Mining Contract (12 Months), 1 MH/s, (29.99 USD):
Dash mining profitability:
- X11 Graviton Mining Contract (12 Months), 500 MH/s, (2,250 USD):
- X11 Ferox Mining Contract (12 Months), 100 MH/s, (500 USD):
- X11 Starter Mining Contract (12 Months), 5 MH/s, (30.00 USD):
ZCash Mining profitability:
- Zcash Starter Mining Contract (12 Months), 0.6 H/s (29.99 USD):
- Zcash Advanced Mining Contract (12 Months), 6 H/s, (289 USD):
- Zcash Professional Mining Contract (12 Months), 60 H/s, (2,699 USD):
Monero mining profitability:
- Blaine Starter (2 Year), 30 H/s, (33,99 USD):
- Dynamo (2 Year), 900 H/s, (999 USD):
- Houdini (2 Year), 2700 H/s, (2899 USD):
Conclusion
As I said before, Bitcoin mining contract on Genesis Mining platform is not profitable and you can't get back your initial investment. The same applies to ZCash mining - payback period is never despite that ZCash mining has no maintenace fee. Ethereum, Dash and Monero are paying you back and those are the contracts to consider to buy. Ethereum average payback period is 312 days. Dash - 210 days and Monero - 570 days.
As you can see the most profitable contract is Dash and you can get back you initial investment in about 210 days, so you shouldn't wait a year and more and sit on profits for more a year and more than 150 days. Because of that i strongly suggest you to buy only Genesis Mining Dash cloud contracts.
I strongly reccomend you to use my promo code to get 3% discount on your Dash mining contract purchase. By doing that you can get your intial investment back even more quickly and sit only on profits. Please copy and paste this code to get 3% discount: b14fPJ
Create your account on Genesis Mining if you don't have it:
https://www.genesis-mining.com/a/667570