Genesis Mining has never let me down. Yes, the daily payouts have been delayed occasionally, but the payouts do catch up the point that they are back to be daily. I have been bit by at least one mining scam, however, since starting with Genesis Mining over two years ago they have treated me well.
I am currently waiting for Genesis Mining to offer more Bitcoin mining contracts. I hope they do this before July 2018 (two-years before the next Bitcoin halving event), that way I have a chance of recouping my investment. Genesis Mining is currently building out their Bitcoin mining farm.
There is a trade-off between holding onto your crypto-currency coins and investing in a mining contract. Before Bitcoin really took-off in price, I was buying addition BTC mining contracts near BTC highs before the dip. The reason I only buy Bitcoin mining contracts is that they are unlimited, meaning the contract will be in effect as long as the return at least covers the mining fees. The other contracts like the Monero mining contract are two-year contracts. You have to hope you recoup your investment within two-years to make any money.
The Bitcoin unlimited contracts have served me well and this year (2018) will create a nice money flow for my retirement.
Now the question: Would I have done better just holding onto the equivalent Bitcoin instead of investing in a mining contract?
For me that is hard to say. If I had held the Bitcoin, I probably would have invested in an ICO or spent it by now. But if I had held onto those Bitcoins, I would currently be better off.
Things I have learned about the Bitcoin mining contracts:
My payout increases substantially when the price of Bitcoin rises. The faster and steeper the rise, the greater the increase in the payout.
When the price of Bitcoin rests (meaning stays within a trading range of no great pull-backs or price rises), my payouts decline over time.
When the price of Bitcoin pulls back dramatically, my payout declines substantially.
There are a lot of variables, but for myself it is worth it to create another passive income stream.
Many of the new ICO's that have a sort of dividend or distribution require KYC and AML information from investors and restrict investors from certain countries from investing in the ICO. As far as I know, Genesis Mining does not have any such restrictions.
If you have any specific questions, please ask me.
Have a happy, joyous, and prosperous New Year!!
Steem on,
Mike
Genesis Mining has never let me down. Yes, the daily payouts have been delayed occasionally, but the payouts do catch up the point that they are back to be daily. I have been bit by at least one mining scam, however, since starting with Genesis Mining over two years ago they have treated me well.
I am currently waiting for Genesis Mining to offer more Bitcoin mining contracts. I hope they do this before July 2018 (two-years before the next Bitcoin halving event), that way I have a chance of recouping my investment. Genesis Mining is currently building out their Bitcoin mining farm.
There is a trade-off between holding onto your crypto-currency coins and investing in a mining contract. Before Bitcoin really took-off in price, I was buying addition BTC mining contracts near BTC highs before the dip. The reason I only buy Bitcoin mining contracts is that they are unlimited, meaning the contract will be in effect as long as the return at least covers the mining fees. The other contracts like the Monero mining contract are two-year contracts. You have to hope you recoup your investment within two-years to make any money.
The Bitcoin unlimited contracts have served me well and this year (2018) will create a nice money flow for my retirement.
Now the question: Would I have done better just holding onto the equivalent Bitcoin instead of investing in a mining contract?
For me that is hard to say. If I had held the Bitcoin, I probably would have invested in an ICO or spent it by now. But if I had held onto those Bitcoins, I would currently be better off.
Things I have learned about the Bitcoin mining contracts:
There are a lot of variables, but for myself it is worth it to create another passive income stream.
Many of the new ICO's that have a sort of dividend or distribution require KYC and AML information from investors and restrict investors from certain countries from investing in the ICO. As far as I know, Genesis Mining does not have any such restrictions.
If you have any specific questions, please ask me.
Have a happy, joyous, and prosperous New Year!!
Steem on,
Mike