The fastest way to start mining with Genesis is to use Bitcoin, Dash, Litecoin, or Dogecoin to buy a mining contract.
When selecting a mining contract you should read the terms of the contract, consider the viability of the coin(s) being mined, and be prepared for the volatility in the coin market.
When I started mining with Genesis I put just a little bit into a contract to assess its performance. I was originally drawn to Genesis because of the open-ended BTC mining contract.
After you purchase a mining contract you will need to go to "My Account" to enter the wallet address where you want your payouts to go. The go to "Mining Allocation" to select your mining contract and what allocation of coins you want to be paid in. For example, a Bitcoin mining contract can payout in eight different types of coins. You decide what coins you want to be paid in.
Before I started with Genesis I watched a lot of YouTube videos about Genesis Mining.
All I can do is use my payout analysis to estimate the daily payout for a few different contracts available:
(The following contract costs do not include using my promo code Q1MYO7 for a 3% discount off the price.)
For $225 USD you can buy a 1.5 TH/s BTC Open-Ended contract. Based on my experience an estimated payout is about $1 USD per day (based on 12 July 2017 payout).
For $225 USD you can buy a 7.5 MH/s 2-year Ether Mining contract. Based on my experience an estimated payout is about $0.57 USD per day (based on 10 July 2017 payout).
For $240 USD you can buy a 40 MH/s 2-year X11 (Dash) Mining contract. Based on my experience an estimated payout is about $0.53 USD per day (based on 12 July 2017 payout).
For $249.90 USD you can buy a 300 H/s 2-year Monero Mining contract. Based on my experience an estimated payout is about $0.51 USD per day (based on 11 July 2017 payout).
The payouts do vary day by day based on different factors including the price of the coin being mined and the difficulty level of mining (the luck factor).
Please read the information from Genesis on each mining contract before making a choice.
I hope that gives you an idea, but keep in my that your results may vary.
The fastest way to start mining with Genesis is to use Bitcoin, Dash, Litecoin, or Dogecoin to buy a mining contract.
When selecting a mining contract you should read the terms of the contract, consider the viability of the coin(s) being mined, and be prepared for the volatility in the coin market.
When I started mining with Genesis I put just a little bit into a contract to assess its performance. I was originally drawn to Genesis because of the open-ended BTC mining contract.
After you purchase a mining contract you will need to go to "My Account" to enter the wallet address where you want your payouts to go. The go to "Mining Allocation" to select your mining contract and what allocation of coins you want to be paid in. For example, a Bitcoin mining contract can payout in eight different types of coins. You decide what coins you want to be paid in.
Before I started with Genesis I watched a lot of YouTube videos about Genesis Mining.
I hope that helps.
Have a great week!
Steem on,
Mike
How much I can earn a day averagely If i make a small investment of 250$ and presently
Which currency is best for mining to start ?
All I can do is use my payout analysis to estimate the daily payout for a few different contracts available:
(The following contract costs do not include using my promo code Q1MYO7 for a 3% discount off the price.)
For $225 USD you can buy a 1.5 TH/s BTC Open-Ended contract. Based on my experience an estimated payout is about $1 USD per day (based on 12 July 2017 payout).
For $225 USD you can buy a 7.5 MH/s 2-year Ether Mining contract. Based on my experience an estimated payout is about $0.57 USD per day (based on 10 July 2017 payout).
For $240 USD you can buy a 40 MH/s 2-year X11 (Dash) Mining contract. Based on my experience an estimated payout is about $0.53 USD per day (based on 12 July 2017 payout).
For $249.90 USD you can buy a 300 H/s 2-year Monero Mining contract. Based on my experience an estimated payout is about $0.51 USD per day (based on 11 July 2017 payout).
The payouts do vary day by day based on different factors including the price of the coin being mined and the difficulty level of mining (the luck factor).
Please read the information from Genesis on each mining contract before making a choice.
I hope that gives you an idea, but keep in my that your results may vary.
Steem on,
Mike