Genesis Mining: Long-time review - page 4.

tonygal

hero member

Activity: 560

Merit: 504

Quote from: shinratensei_ on April 16, 2017, 10:17:20 PM

Looks the result of your day income is different with the result of dash mining calculator.
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=500&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12

This is because there just was a huge drop in difficulty. Tomorrow's payout will be bigger than today's.
Be also sure to put 0 watts into the calculator. There is no maintenance fee at Genesis.

Quote from: shinratensei_ on April 16, 2017, 10:17:20 PM

You have put 1.869 BTC in the cloudmining site and The result of your ROI will be 1.84 BTC as soon as the remaining time will have reached.

I have no idea where you got that from. That's totally wrong. The contract time is 2 years.
Cryptocompare (your link!) says that the one year profit is 5890 $.
In my world, 11780 $ > 1.869 BTC.

(I know that that's an oversimplified estimate and probably much too optimistic. If I reach 1/4th
of that, I'll be happy as I get out more than I invested. And that is realistic, I'd say.)

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: tonygal on April 16, 2017, 09:35:28 PM

Quote from: shinratensei_ on April 16, 2017, 09:14:30 PM

Can you give an explanation about the gap of your income? My guess if it will not touch your ROI.

Thanks mate for showing interest in my little experiment!
But I totally don't understand your question. What is "gap of income"?

Looks the result of your day income is different with the result of dash mining calculator.
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=500&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12

Quote from: tonygal on April 16, 2017, 09:35:28 PM

Quote from: shinratensei_ on April 16, 2017, 09:14:30 PM

In my assumption, You can generate up to 0.0162 btc in two days and 0.0081 in a day. But this condition will be applied to the stable income for your cloudmining.
The remaining time is 228 days.
If you can generate 0.0081 in a day and your ROI 1.84 btc.

Yes, everything you write is correct. But is there a question of yours hiding?
Again, I think I didn't get what you want to say, sorry.

My question, Do you think if that's really worth for you?

You have put 1.869 BTC in the cloudmining site and The result of your ROI will be 1.84 BTC as soon as the remaining time will have reached.

It less than your first capital.

tonygal

hero member

Activity: 560

Merit: 504

Quote from: shinratensei_ on April 16, 2017, 09:14:30 PM

Can you give an explanation about the gap of your income? My guess if it will not touch your ROI.

Thanks mate for showing interest in my little experiment!
But I totally don't understand your question. What is "gap of income"?

Quote from: shinratensei_ on April 16, 2017, 09:14:30 PM

In my assumption, You can generate up to 0.0162 btc in two days and 0.0081 in a day. But this condition will be applied to the stable income for your cloudmining.
The remaining time is 228 days.
If you can generate 0.0081 in a day and your ROI 1.84 btc.

Yes, everything you write is correct. But is there a question of yours hiding?
Again, I think I didn't get what you want to say, sorry.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Can you give an explanation about the differences of your income? My guess if it will not touch your ROI.

According to the mining calculator the result of your income less than the real revenue from the dash mining calculator.

I'll try to get the accuracy among both of the things.

In my assumption, You can generate up to 0.0162 btc in two days and 0.0081 in a day. But this condition will be applied to the stable income for your cloudmining.
The remaining time is 228 days.
If you can generate 0.0081 in a day and your ROI 1.84 btc.

tonygal

hero member

Activity: 560

Merit: 504

First impression: Everything works fine, got my first payout today:

I immediately forwarded the amount to Poloniex and transferred into BTC, so the statistics are as follows:

Income after 2 days: 0.01626098 BTC
Percentage of ROI: 0.87 %
Estimate days to breakeven (total): 230
Estimate days to breakeven (remaining): 228

The last two figures are a very naive calculation, assuming fixed difficulty and DASH/BTC conversion rate.
I know, these are not fixed at all. My goal is to break-even after one year. I will exchange into BTC
every week from now on. I'm also into Altcoin trading, but I want to keep it seperate from my mining
investment.

tonygal

hero member

Activity: 560

Merit: 504

Hi folks,

I decided to give Genesis Mining a try. I did my maths, and I figured out that X11 (Dash) has the
best chances to make some profit right now. In order to let you participate in my success/loss (I hope
for the former Grin

) and to keep track of the performance of my investment, I will update this thread
regularly. But first the entry facts:
Start: 14 April 2017
Purchased: 500 MHs X11 Mining power for 1.869 BTC (2182 $ at the time of purchase)

If you want to support me, please go to https://www.genesis-mining.com and use my coupon code: wf9D3m
With this code you will get 3% instant discount, and on top of that I will share 50% of my affiliate bonus with you!
Just use the code and write me a message within 10 minutes containing
your BTC address. Be aware that it can take some days until the bonus is
credited, usually 6 days if paid with BTC and 32 days with CC.

Disclaimer, necessary because all the smart asses, trolls and attention deficit disorder victims around:
I do not endorse GM. I do not recommend joining them. Do your own calculations. It is an experiment I
am willing to conduct, and a very risky one indeed. If someone else decides - after making thorough research
on his own, in adult age and living in a free country - to try it too, I offer to share my referral bonus with
him. That's all, my offer is not to be mistaken for a recommendation to invest in GM.

Topic: Genesis Mining: Long-time review - page 4. (Read 8285 times)