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.


Pre-order contracts

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

DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Bitcoin Kit is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.

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