Payout on Genesis Mining
Most people know that I am a secret believer in Cloud Mining. Actually, I am quite the fan as this made me a lot of money. But most people still think it is a scam and you should not trust it.
For me, numbers talk. And I will share the numbers with you once more. A few weeks ago I already published an article about the ROI of Genesis Mining.
Genesis Mining payout - 29 days
I will share with you the payout of my last 29 days, with some averages and decline over time.
Dates: 06-06-2017 till 04-07-2017
Mining Company: Genesis Mining
Cryptocurrency: Bitcoin / BTC
Hashrate: 13.9 TH/s
Costs total Hashrate: €1649 (use the discount voucher SP12V8)
Total payout 29 days: €264,44
Average payout per day: €9,12
Average decline over 25 days: -0,25%
So in case the payouts would be the same I would break even at 1649/9,12 = 180 days. Everything after that will be profit. And remember, the contracts on Genesis Mining are unlimited for Bitcoin. Meaning, as long as they are profitable they will keep running and provide you payouts. That is a pretty quick return on investment!
Mining Difficulty
As we all know the mining difficulty becomes higher over time, so lets take the average decline of -0,25% over 29 days into the calculation. I have took the average payout of €9.12 per day and dimished this by 0.25% every day.
After 100 days you still earn €7,14 per day; after 200 days you still earn €5,54.
It takes almost 900 days to go below €1 euro payout per day.
After 1 year you would have earned: €2184,93.
This is all based on the BTC value of today. If the BTC value will increase, so of course will your earnings! As BTC is estimated to keep increasing in value the payouts will most likely also be higher.
Get started with Cloud Mining
I have tested many different cloud mining companies and Genesis Mining is by far my favorite.
You can start small and analyse your own payouts. I usually buy 2.5 TH/s per go as there is a different price bracket here (you will get more for less).
- Go to Genesis Mining
- Choose your package, I usually take 2.5TH/s
- Use the discount voucher SP12V8 for a 3% discount !
- Fill in your BTC-address in your account. Payouts will be daily (with a minimum payout).
- Sit back and relax. Your wallet will be filled daily with some extra BTC.
Genesis mining Payout over the last 29 days:
0,00400565
0,00396804
0,00394334
0,00399075
0,00385894
0,00387917
0,00386111
0,00377669
0,00380657
0,00384352
0,00388615
0,00393858
0,00392546
0,00393835
0,00393141
0,00386453
0,00386236
0,00387422
0,00397625
0,00387444
0,00407272
0,0041429
0,00414517
0,00424228
0,00425036
0,00426117
0,00424784
0,00428553
0,00428008
I tried to get my ETH mining to payout in STEEM. During the first 2 weeks, I did not receive a payout on 5 (!) days, one day however got paid twice, none of my payouts have been transferred to my steem account eventhough I have at least 5 times the minimum required amount. I asked them what is going on, they gave me a ticket number and their IT staff is has been working on it ever since.
This is NOT giving me good vibes.
Auwch, that is the first time I hear negative experience with their customer service. It might be that over the last few months there has been a massive influx of people (same on kraken, coinbase, etc.) which causes them to be slow.
I also have an ETH contract and get my payouts regularly and on schedule (once I hit the minimum transfer).
I didn't notice the STEEM payout before yet. I think this is quite a new function that is still under development? My payments are in BTC and ETH.
I have changed now to ETC to avoid further frustration.
(it is still unresolved)
I have still an error on my first ETH transfer. 21.06.2017 ETH 0.06212116
So i m waiting.
The rest of coins are transferred ok.
"We are still working on it. When it gets resolved, you will be notified.
Thank you for understanding."
Best regards,
Sandy
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