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RE: Oh Genesis-Mining... Where Art Thou' Payouts!!!
1st error: To mine using genesis mining while you should be using hashnest.
1st error: To mine using genesis mining while you should be using hashnest.
I just found out about hashnest yesterday :(
My understanding is it's still not worth it on hashnest because the returns are like 5%.
I purchased 2 L3 miners for $1500(Each)...then after 20 days hahsnest changed the price of this device for $ 3600(That was a luck shot)...after their stock run out of L3 its price went way way way up and I sold both devices that I purchase for 7200 each ....repeating ...I purchase 2 devices for a total of $3000 and sold both for $ 14400.... some people will read this and say something like: Not true, or farming is not profitable ....I really hope that you are not one of those ..but whatever ;-p
Say what... you can buy and sell your puchased mining rigs?
Yeah fure sure, if you bought like 6months ago you would have made bank on even outdated hardware.
Thats really interesting, ill have to check it out.
The difference is: (Will use big numbers just to prove my point)
In genesis mining, you invest $ 2000 for a 2 years contract and will receive something like 0,60% every day...so you will break even after 150+ days (Hopefully) ....if the value of the coin goes up meanwhile you will break even quicker.
In hashnest, you will not purchase a contract ...instead you will purchase a device like an L3 or S9 mine ...or a share of it. So the device is yours and will not expire after 2 years....so you could mine for 30 days and then sell you miner device for the same price that you purchase it or even more.....
I dont any contract purchased today will be profitable. All major coins are exploding there difficulty, unless of course these same coins make a major jump in value and your saving your mining payouts