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Author Topic: Genesis-mining.com || World's leading hashpower provider!  (Read 381939 times)
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Glucose
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November 19, 2015, 05:09:22 PM
 #3721

Is it profitable to invest in this?
Let's say I invest 1 btc. How much would I get back per month approx?

My advice ? Buy one BTC and keep it in your wallet but don't invest here. GM takes too much fee to be profitable.

How do I figure out the maint cost on my purchases.  Yes if GM can do it cheaper then great

You contract is forever UNLESS your payout doesn't cover the fees anymore. Then GM will cancel your contract.

Feel free to believe me or not but I think it will happen before you ROI.

The fees (the maintenance cost) are written in your contract. You can check it directly in your account on GM website.

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November 19, 2015, 05:13:17 PM
 #3722

hey guys its not a ponzi you can get rich by having and investing btc (directed to naif guys)
sure its not porfitable for good sakes 9 out of 10 its not
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November 19, 2015, 07:25:06 PM
 #3723

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

With MMM extra program you can earn 100% per month
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November 19, 2015, 08:18:07 PM
 #3724

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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November 19, 2015, 08:53:42 PM
 #3725

can you be more clear ? Smiley I am new in this

With MMM extra program you can earn 100% per month
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November 19, 2015, 09:00:21 PM
 #3726

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?

With MMM extra program you can earn 100% per month
Zeta0S
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November 19, 2015, 09:04:25 PM
 #3727

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?
Seems correct  Smiley But we do not know if the diff will be in day 6 months.


Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
marko11
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November 19, 2015, 09:06:35 PM
 #3728

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?
Seems correct  Smiley But we do not know if the diff will be in day 6 months.



yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

With MMM extra program you can earn 100% per month
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November 19, 2015, 09:09:27 PM
 #3729

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?
Seems correct  Smiley But we do not know if the diff will be in day 6 months.



yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

I can help you whit that

Difficulty History
Date    Difficulty    Change    Hash Rate
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s
Aug 08 2015    52,699,842,409    0.81%    377,240,166 GH/s
Jul 25 2015    52,278,304,846    2.35%    374,222,683 GH/s
Jul 11 2015    51,076,366,303    3.39%    365,618,871 GH/s
Jun 28 2015    49,402,014,931    -0.58%    353,633,397 GH/s
Jun 14 2015    49,692,386,355    4.42%    355,711,957 GH/s
May 31 2015    47,589,591,154    -12.50%    340,659,563 GH/s
May 17 2015    48,807,487,245    2.44%    349,377,603 GH/s
May 03 2015    47,643,398,018    0.07%    341,044,727 GH/s
Apr 19 2015    47,610,564,513    -3.71%    340,809,696 GH/s
Apr 05 2015    49,446,390,688    5.84%    353,951,052 GH/s
Mar 22 2015    46,717,549,645    -1.50%    334,417,246 GH/s
Mar 08 2015    47,427,554,951    1.59%    339,499,662 GH/s
Feb 22 2015    46,684,376,317    5.01%    334,179,783 GH/s
Feb 09 2015    44,455,415,962    7.71%    318,224,263 GH/s
Jan 27 2015    41,272,873,895    -6.14%    295,442,739 GH/s
Jan 12 2015    43,971,662,056    8.20%    314,761,417 GH/s
Dec 30 2014    40,640,955,017    3.00%    290,919,288 GH/s
Dec 17 2014    39,457,671,307    -1.37%    282,449,013 GH/s
Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
marko11
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November 19, 2015, 09:17:28 PM
 #3730

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?
Seems correct  Smiley But we do not know if the diff will be in day 6 months.



yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

I can help you whit that

Difficulty History
Date    Difficulty    Change    Hash Rate
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s
Aug 08 2015    52,699,842,409    0.81%    377,240,166 GH/s
Jul 25 2015    52,278,304,846    2.35%    374,222,683 GH/s
Jul 11 2015    51,076,366,303    3.39%    365,618,871 GH/s
Jun 28 2015    49,402,014,931    -0.58%    353,633,397 GH/s
Jun 14 2015    49,692,386,355    4.42%    355,711,957 GH/s
May 31 2015    47,589,591,154    -12.50%    340,659,563 GH/s
May 17 2015    48,807,487,245    2.44%    349,377,603 GH/s
May 03 2015    47,643,398,018    0.07%    341,044,727 GH/s
Apr 19 2015    47,610,564,513    -3.71%    340,809,696 GH/s
Apr 05 2015    49,446,390,688    5.84%    353,951,052 GH/s
Mar 22 2015    46,717,549,645    -1.50%    334,417,246 GH/s
Mar 08 2015    47,427,554,951    1.59%    339,499,662 GH/s
Feb 22 2015    46,684,376,317    5.01%    334,179,783 GH/s
Feb 09 2015    44,455,415,962    7.71%    318,224,263 GH/s
Jan 27 2015    41,272,873,895    -6.14%    295,442,739 GH/s
Jan 12 2015    43,971,662,056    8.20%    314,761,417 GH/s
Dec 30 2014    40,640,955,017    3.00%    290,919,288 GH/s
Dec 17 2014    39,457,671,307    -1.37%    282,449,013 GH/s
Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s



so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?

With MMM extra program you can earn 100% per month
Zeta0S
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November 20, 2015, 04:42:58 AM
 #3731

hello..

so what you want to say that mining is not profitable anymore?? what if I buy 15000 GH/s  lifetime contract for 5 850$ ? is not possible that I earn even double in 1 - 1,5 year ?

Well if you plan to buy a setup for 15000gh/s, things gonna suck huge time.

Genesis Mining is the best option, and you make some return on investment whit a bit of luck.

check my calculation:
http://prntscr.com/94nwax

I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

is this correct calculation ?
Seems correct  Smiley But we do not know if the diff will be in day 6 months.



yes I know that this depends on btc price and about mining dificulty ... I not understans dificulty ... do you know average how much will be my daily earnings in 6 month or one year ?

I can help you whit that

Difficulty History
Date    Difficulty    Change    Hash Rate
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s
Aug 08 2015    52,699,842,409    0.81%    377,240,166 GH/s
Jul 25 2015    52,278,304,846    2.35%    374,222,683 GH/s
Jul 11 2015    51,076,366,303    3.39%    365,618,871 GH/s
Jun 28 2015    49,402,014,931    -0.58%    353,633,397 GH/s
Jun 14 2015    49,692,386,355    4.42%    355,711,957 GH/s
May 31 2015    47,589,591,154    -12.50%    340,659,563 GH/s
May 17 2015    48,807,487,245    2.44%    349,377,603 GH/s
May 03 2015    47,643,398,018    0.07%    341,044,727 GH/s
Apr 19 2015    47,610,564,513    -3.71%    340,809,696 GH/s
Apr 05 2015    49,446,390,688    5.84%    353,951,052 GH/s
Mar 22 2015    46,717,549,645    -1.50%    334,417,246 GH/s
Mar 08 2015    47,427,554,951    1.59%    339,499,662 GH/s
Feb 22 2015    46,684,376,317    5.01%    334,179,783 GH/s
Feb 09 2015    44,455,415,962    7.71%    318,224,263 GH/s
Jan 27 2015    41,272,873,895    -6.14%    295,442,739 GH/s
Jan 12 2015    43,971,662,056    8.20%    314,761,417 GH/s
Dec 30 2014    40,640,955,017    3.00%    290,919,288 GH/s
Dec 17 2014    39,457,671,307    -1.37%    282,449,013 GH/s
Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s



so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
Roquene
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November 20, 2015, 11:40:12 AM
 #3732

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.


The magic words here are "if btc price not change".
And that is impossible to say. Maybe we see 600+ in the next Year.
Then we reach ROI of course much faster.

Or the price collapses. Or Difficulty increases 200%, or or or.

To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.

Genesis is more for the small coins that you have left anyway, in my opinion.
No Offense GM Cheesy
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November 20, 2015, 11:53:33 AM
 #3733

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.


The magic words here are "if btc price not change".
And that is impossible to say. Maybe we see 600+ in the next Year.
Then we reach ROI of course much faster.

Or the price collapses. Or Difficulty increases 200%, or or or.

To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.

Genesis is more for the small coins that you have left anyway, in my opinion.
No Offense GM Cheesy

I love GM because I see their btc farm and I see on spondoolies-tech  they are cooperate together so probably they reciving the best price for mining hardwer... so I realy think that this is real and serious company.. but .... I can not find on their page that fee is 0.0012$ per GH/s ... why they hide this fee or I miss something ? 

I going to check now this hashnest what you mention Smiley

With MMM extra program you can earn 100% per month
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November 20, 2015, 11:57:03 AM
 #3734


To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.


If price collapses or difficulty increases a lot your shares will be worthless anyway. It's an illusion to believe that you can mine, and then if mining goes bad you "just sell your shares". Also getting the hardware is useless for almost everyone, because of electricity cost, the extra heat, noise and not to forget "shipping costs".

If you urgently need the money it could be a benefit to sell. But in the first place you should not invest money that you might need anyway.

I like GM because of the multi-algo / multi-coin approach, and because they do a lot to boost the image of cryptos in the public.
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November 20, 2015, 12:00:19 PM
 #3735


To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.


If price collapses or difficulty increases a lot your shares will be worthless anyway. It's an illusion to believe that you can mine, and then if mining goes bad you "just sell your shares". Also getting the hardware is useless for almost everyone, because of electricity cost, the extra heat, noise and not to forget "shipping costs".

If you urgently need the money it could be a benefit to sell. But in the first place you should not invest money that you might need anyway.

I like GM because of the multi-algo / multi-coin approach, and because they do a lot to boost the image of cryptos in the public.

ok.. let say that now is not profitabile but what if btc  price increase to 500$ - 600$ ?  did GM increase contract price also ?

With MMM extra program you can earn 100% per month
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November 20, 2015, 06:08:07 PM
 #3736

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
This calculation is wrong. If difficulty increase by 120%, miner still mine some coin, but you have fixed fee of 15Th x 1.2$=18$.
So if the 15Th earn less than 18$ per day for 20 consecutive days the contracts will terminate.

15Th earn 0.1146 btc, with 60% diff increase will earn 0.071625 btc (for 30% increase divide the btc by 1.3, for 120% increase divide the btc by 2.2),
if BTC will be at 240$ in 6 month -> 17.19$, so minus fee of 18$... no profit ! (contract will terminate)
if BTC will be at 300$ in 6 month -> 21.49$, so minus fee of 18$=3.49$
if BTC will be at 500$ in 6 month ->35.81$, minus fee = 17.81$

For this kind of contract the BTC price if very important (because of the fixed fee). Sorry for my bad english.
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November 20, 2015, 06:37:57 PM
 #3737

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
This calculation is wrong. If difficulty increase by 120%, miner still mine some coin, but you have fixed fee of 15Th x 1.2$=18$.
So if the 15Th earn less than 18$ per day for 20 consecutive days the contracts will terminate.

15Th earn 0.1146 btc, with 60% diff increase will earn 0.071625 btc (for 30% increase divide the btc by 1.3, for 120% increase divide the btc by 2.2),
if BTC will be at 240$ in 6 month -> 17.19$, so minus fee of 18$... no profit ! (contract will terminate)
if BTC will be at 300$ in 6 month -> 21.49$, so minus fee of 18$=3.49$
if BTC will be at 500$ in 6 month ->35.81$, minus fee = 17.81$

For this kind of contract the BTC price if very important (because of the fixed fee). Sorry for my bad english.

hi chavelier

I think that I alredy deduct fee on my first calculation.. look :
I buy 15 000 GH/s for 5 850$

daily profit with today btc price is  37.69 $ - GM fee 0.0012$ per GH/s  15 000*0.0012 = 18$ fee ... so daily profit is 37.69 - 18 = 19,69$

With MMM extra program you can earn 100% per month
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November 20, 2015, 06:54:23 PM
 #3738

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.


The magic words here are "if btc price not change".
And that is impossible to say. Maybe we see 600+ in the next Year.
Then we reach ROI of course much faster.

Or the price collapses. Or Difficulty increases 200%, or or or.

To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.

Genesis is more for the small coins that you have left anyway, in my opinion.
No Offense GM Cheesy
Hashnest is playing whit fire having the option to sell contracts.
There is a reason GM not allow this. Hashnest can be shutdown be corse of that. It`s not if, but when.

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
marko11
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November 20, 2015, 07:12:34 PM
 #3739

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.


The magic words here are "if btc price not change".
And that is impossible to say. Maybe we see 600+ in the next Year.
Then we reach ROI of course much faster.

Or the price collapses. Or Difficulty increases 200%, or or or.

To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.

Genesis is more for the small coins that you have left anyway, in my opinion.
No Offense GM Cheesy
Hashnest is playing whit fire having the option to sell contracts.
There is a reason GM not allow this. Hashnest can be shutdown be corse of that. It`s not if, but when.


do you know if GM rising contract price if BTC price going up ?

With MMM extra program you can earn 100% per month
Zeta0S
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November 20, 2015, 07:17:32 PM
 #3740

so if I look one year back dificulty increase by arround 60% ... ?  so if same thing happens till next year my daily earnings will drop from 20$ to 8$ if btc price not change ... can I calculate something like that ? will be this calculation close ?
Correct. How ever i do not believe there is not enough new hardware around to increase another 60%.


The magic words here are "if btc price not change".
And that is impossible to say. Maybe we see 600+ in the next Year.
Then we reach ROI of course much faster.

Or the price collapses. Or Difficulty increases 200%, or or or.

To be honest, I like GM and indeed have smaller amounts invested, but I would not invest $ 5,000.
I would rather recommend Hashnest. Since you can resell your shares.
Or get the hardware if it is no longer worthwhile.

Genesis is more for the small coins that you have left anyway, in my opinion.
No Offense GM Cheesy
Hashnest is playing whit fire having the option to sell contracts.
There is a reason GM not allow this. Hashnest can be shutdown be corse of that. It`s not if, but when.


do you know if GM rising contract price if BTC price going up ?

Yes i know the answer on that..

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
https://www.genesis-mining.com
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