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!