Genesis Mining Journey - Day 10 (Purchased 500MH/s Dash x11) - profits
This is a quick post to help anyone thinking about taking the dive on cloud mining. After reviewing several sites and watching countless youtube videos, I decided to run with Genesis Mining (along with 2 other friends).
Note: I will not be posting my referral code, this is purely just for your information and to help others make a decision.
Genesis Dash x11 2 year contract (no fees):
Purchase value = $2,250 - 3% from a friends referral code = $2,182.50 USD
Currently made in the first 10 days of mining (split allocations 50% BTC, 25% LTC, 25% Dash):
Dash DASH 0.08493342 = $13.78
Litecoin LTC 0.65866185 = $27.85
Bitcoin BTC 0.01925045 = $42.58
Total = $84.24 / 10 days = $8.42 per day
The following is totally dependant on crypto currency fluctuations and dash mining difficulty:
1st year estimation = $8.42 x 365 = $3,073.30
2nd year estimation = $8.42 x 365 = $3,073.30
Total over 2 year contract = $6,146.60
Potential profit = $6,146.60 - $2,182.50 = $3,964.10 USD
Will post another update as time progresses to see how much this estimation will change :)
@thrive
Great writeup!
Keep sharing great content.
THanks!!
Thanks @qagiri
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STOP@thrive what are your thoughts on the difficulty? Do you think it will calm down?
Hey @yaboyjon
From what I can see the difficulty of Dash is allot slower than the likes of Bitcoin, so as long as the price keeps slowly increasing really isn't a big deal if the difficulty increases slowly.
https://www.coinwarz.com/difficulty-charts/dash-difficulty-chart
dude 2k dollar you better buy asic miner...It's available for dash too. Higher ROI. Use cryptocompare.com