Genesis Mining Profitability Calculation - June 2017

in #mining8 years ago (edited)

Just a few hours ago Bitcoin Mining contracts are available again on Genesis Mining.

If you still unsure if cloud mining is profitable, i calculated the estimated profits for each mining contract.


Calculation Date: 2017-06-05

 Please keep in mind, that this calculation is based on a few assumptions:

  • Exchange rate and mining difficulty changes in the future aren’t priced in, because it’s really hard to tell.
  • Instead we assume, that mining difficulty always follows exchange rate – that means if price exchange rate goes up, more miner jump in and the way around.
  • Bitcoin mining contract has no specific duration or end date – instead it’s valid until maintainance cost will become higher than mining returns.
  • Calculated Hash Power for $1,000.00 invest assume that you used a promo code in order to achieve a 3% discount.

If you find this post useful feel free to use my promo code: 7E2tJk

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What about Dash?

Currently sold out ;(

I bought dash a while back it currently returns about 1/3 less then ether mining

I often on Steemit to meet men who understand bitcoin and the money. Know how to make. Wow you exist on the earth!) smart guys!thank you for that)

If your ever upgrading please feel free to use my code iRI47z 😁

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