Here is my last update:
Genesis Mining Review #7: 1 Year of X11 Dash Mining -- More Than Broke Even
My best days of mining with Genesis Mining contracts are $70 USD/day when BTC is reaching new highs. My average daily payout from Genesis Mining is now between $50 to $60 USD/day.
There was a week where Genesis Mining postponed payments due to an intrusion by a hacker. Payouts have resumed and from what I am seeing, the Genesis Mining payouts are catching up. Just based on my payouts, I can imagine Genesis Mining daily payouts are in the millions of dollars. If I were paying out that much, I would want to do a careful audit too before distributing the payouts.
To my friends and anyone who asks, I recommend the BTC and X11 (Dash) mining contracts at Genesis Mining. They ran out of X11 hash power to sell, but it should be available again in the near future.
I have an Ether Mining contract(s) with Genesis, but do not think I will break even. This is why I do not recommend those contracts. If ETH spikes up to $1,000 USD in price, the contract may payout better. I do not think that will happen.
If the X11 contracts are not available in August when I start my upgrade cycle again, I will be upgrading my BTC mining contracts. At my current rate of return, I will break even on those mining contracts well before the next BTC halving event.
That's my current update.
Have a great weekend!
Steem on,
Mike
Amen! 🙏