Genesis Mining Profitability (June 2018)
This guide gives the current profitability of all available cloud mining contracts on Genesis Mining on 20th June 2018.
To compare contracts equally, we scale hashpower down to a $30 initial investment. Calculations are made using our cloud mining calculator: www.bitcoinkit.com/cloud-mining-calculators/medium
We did a similar comparison for HashFlare here.
Currently Genesis are out of stock on Bitcoin, Dash, Litecoin and Monero mining contracts; so in this guide we compare their Ethereum and ZCash contracts. Both are pre-orders that would start on 30th April 2018 (this delayed start is included in our calculations).
Issues around Genesis Mining
Before buying a Genesis Mining contract there are a few things to be aware of:
- Ethereum may move to proof-of-stake in the future. If this happens and you own an Ethereum mining contract you'll likely have to change to a different coin using the same algorithm (Ethereum Classic for example).
- Genesis Mining has a reputation for inconsistent payouts, where sometimes you might not get paid for several months (with many people claiming they've never been paid).
Profitability of a $30 investment in each of Genesis Mining's contracts:
Bitcoin (current price $6,785)
105 GH/s, 5 year contract
Optimistic: $0.05 per week, $5 after 2 years
Skeptical: $0.01 per week, $1 after 2 years
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