RE: Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade
One of the first contracts I bought on GM was a 1-year (yes, one year) Ether mining contract. I LOST MONEY on that contract, to the tune of over $100 USD.
I put a little money (several hundred dollars) into GM and after losing everything in HashOcean. I let the money ride in GM for about six months to assess the viability of GM and the payouts.
I have not bought any Monero contracts from GM. The Monero contracts I have are from people using my promo code to buy Monero contracts. I direct the money to Litecoin, because I think it has more potential than Monero in the near-term (I could be wrong).
I upgraded my BTC contracts before the price rise in BTC. This made a huge difference in the payouts.
The testing I did with the GM contracts showed me that the X11 contracts were paying out well. Before my latest round of upgrades of X11, I had a profit with about a year left on the contracts. This is why I have been upgrading my X11 contracts.
Recently a fellow steemian made me aware of CoinWarz
https://www.coinwarz.com/cryptocurrency
That website gives you an idea of the mining potential of different cryptocurrencies.
I hope you have better returns in the your future endeavors!
Have a great week!
Steem on,
Mike
So what do you recommend as far as a coin to mine?
I was actually thinking Sia or Steemit or even Stratis but.. Nah?
I do not give investment advice, but do share my experiences and what I am doing.
Currently at Genesis Mining I have Bitcoin, X11, Ether, and Monero mining contracts. I only have the Monero mining contract as a referral reward, I did not personally buy it.
During my latest round of upgrades I have been purchasing Bitcoin and X11 mining contracts. In terms of payouts from Genesis Mining, I have my Ether mining contract paying out in ETC and the other mining contracts paying out in LTC. Later this year I intend to set the Bitcoin mining contract to payout in BTC.
You can go to CoinWarz
https://www.coinwarz.com/cryptocurrency
to see their estimates for mining profitability.
Have a great week!
Steem on,
Mike
Congratulations! You have been chosen to appear on "Who to Follow Daily". Thank you for adding such value to the Steemit community. Steem on!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086