Genesis Mining contracts for ZCash - one year later

[zij]

For those who signed up, like me to the 1 year + 1 month (free) contracts for ZCash on Genesis Mining when ZCash launched, how have you found the experience?  The contracts have in the last few days expired/stopped.

I ended up with 27 H/s for $150 and earned about $340 USD over the 13 month period - so it paid for itself.  But spending $150 on a GPU would have returned more!

[Isaac7coiner]

Hi thank your for your comments, i was thinking in invest in zcash emining, i think i could reach at leas a 2x profit

[Vann]

Cloud mining contracts for alt coins are a bad investment and mostly a scam. Even at the current ZEC difficulty a $200 investment in a GTX 1060 would net you $350 after 1 year. Had you started mining ZEC 1 year ago at an average difficulty of 3M over the past year you would have mined 3 ZEC and if you HODL'd you would have earned much more.

https://www.coinwarz.com/calculators/zcash-mining-calculator/?h=280&p=120&pc=0.10&pf=3&d=6668680.47926139&r=10.00091344&er=0.03034936&btcer=9733.94450000&hc=200

[F3arl3ss]

How does this correspond with buying ZCash outright 13 months ago?  Shouldn't this be checked against a pure buy and hold on the benchmark (ZCash).  I wouldn't think that it could outperform based on the difficulty increases, but I could be wrong.  I'm actually currently mining ZCash on a 1070 and still getting decent returns per day, but it does seem like my money would be better invested if I had bought ZCash initially instead of a GPU.

[Vann]

ZEC was ~$64 1 year ago so with a $200 investment would could have bought ~3 ZEC.

https://bitinfocharts.com/comparison/zcash-price.html

The average difficulty was ~3M for the past 12 months, and the mining profitability has been consistent.

https://bitinfocharts.com/comparison/zcash-difficulty.html

https://bitinfocharts.com/comparison/zcash-mining_profitability.html

$200 invested in a 1060 a year ago would have netted you ~3 ZEC as well and you still have an income producing asset that is paid off.

https://www.coinwarz.com/calculators/zcash-mining-calculator/?h=280.00&p=120.00&pc=0.10&pf=3.00&d=3668680.47926139&r=10.00091344&er=0.03034936&btcer=9733.94450000&hc=200.00

[Wotan Wipeout]

For a rig you need more than only a GPU!
I am not a friend of cloud mining but sometimes it isnt so bad.

[shamon 1362 4 5]

what?
what No NVidia support.?
i need  NVidia support.
plase

[cryptbro]

everyone's going to say you should done this or that..held the coin instead, bought GPUs blah blah blah but at the end of the day 90% of those guys would have sold at +20% or given up mining when it wasn't profitable. the way i see it you doubled your money and thats a win man gg

[spring07]

Cloud mining i snot entirely bad. However how about buying and hodling it over a period of time.