Genesis Mining ROI – August Update

Cloud Mining on Genesis

Cloud Mining Malaysia

So it’s been a month since my last update in July. I’ve moved on from Dash to Bitcoins. I’m still keeping my previously purchased Dash contracts but moving forward, I’ll be buying Bitcoin contracts.

Why the move? Bitcoin contracts on Genesis are open-ended, meaning it is perpetual, provided it is profitable throughout. This means you can in theory pay once and mine forever.

I have seen Bitcoin’s meteoric rise in price recently and the surge in profits from its mining contracts. As a dividend investor, I’d prefer a slow and steady increase, but who’s complaining?

Return on Investment (ROI)

Genesis ROI

Dash Mining Contracts – ROI 160%

Above is the return from my investments in Genesis mining. I started investing in Dash contracts about a month ago which cost USD93.20. So far, in a month, I’ve managed to earn USD12.70. That’s an estimated 160% return per annum. I’ll hopefully be getting back all my capital in another 6 months. Pure profit from there.

Bitcoin Mining

You’ll also notice my USD19.48 in Bitcoins. Those are mostly from my own personal mining through my computer at home and at work. I’m earning about USD1.50 a day from there. As mentioned earlier, I’ve also purchased Genesis’ open-ended Bitcoin mining contracts. If you believe in Bitcoin’s future value, invest in their contracts.

End.

If you’re planning to purchase mining contracts on Genesis, please go ahead and key in the following code: KT7r1S which gives you a 3% discount on your purchase.

I’d also like to sincerely thank everyone that has been using my referral code. I’ve received some additional hashpower thanks to you.

Onwards and upwards! Let me know how mining has been for you all!

20 thoughts on “Genesis Mining ROI – August Update

  1. Hi Leigh!
    I started mining eth on genesis using your promo code. Its been 5 days but it doesnt seem very profitable. Spent 150usd for 5MH/s.
    dagger-hashimoto ETH balance of 0.00059819 added to your account on 2017-10-18T12:00:00+00:00
    dagger-hashimoto ETH balance of 0.00062142 added to your account on 2017-10-17T12:00:00+00:00
    dagger-hashimoto ETH balance of 0.0007177 added to your account on 2017-10-16T12:00:00+00:00
    dagger-hashimoto ETH balance of 0.0007572 added to your account on 2017-10-15T12:00:00+00:00
    dagger-hashimoto ETH balance of 0.000737 added to your account on 2017-10-14T12:00:00+00:00

    what do you think? I wanted to get bitcoin contracts but they are out of stock.

      • Hi,
        as of now i have 0.00508470 eth , equivalent to usd 1.51286 according to coingecko’s rate (1eth = usd $297.53319674). This is the payouts from 14oct to 21oct, which means im getting usd 0.189 a day.
        if this remains constant, ill be getting usd137.97 when the 2 year contract ends. I paid usd145.5 (after 3% discount) for the contract.

        • Hey Lee,

          According to your numbers, that’s a 47.4% ROI.
          Not great but really not too bad as investments go.

          I’m sure the ROI will increase in the next few months, has ETH’s mining difficulty gone up?

    • Hey Johnny,

      Yeap I’ve looked at them but decided on Genesis because they’re the biggest (and relatively safest).
      I’m willing to forego a little profit for that extra safety net. XD

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