3 months of mining at Genesis Mining. I am soon break-even. It has been a better investment than I ever thought it would be.
Starting off march 20.
Dagger-hashimoto 2 Mh/s (ethereum) (+ 5 Mh from june 20.)
Scrypt Hashing 2 Mh/s (Litecoin)
X 11 5 Mh/s (Dash)
Total cost: 108 USD +a fee
At April 20.
After 1 month of mining with X11 and dagger-Hashimoto at Bitcoin mining and Scrypt at Litecoin mining, the situation looked like this:
At May 20.
After the first month, I switched the dagger-hashimoto to Ethereum and X 11 to Dash. And this is how that had panned out:
At june 20.
Three months and I have almost covered the 108 dollars I put into these three mining contracts:
Worth noting: There is ether probably worth $7 that has not reached me yet since they pay out in chunks of .05 at a time. I have not sold or traded any of these yet. It has just accumulated. I am looking for LTC 0.02, which seems to become a reality soon. And I am looking at relocating the ethereum. It might be the upcoming EOS ICO. It might be something else. I have started buying Nem for as much as I can, I might just pour everything into that as well. I haven't decided yet.
Upgrade
I have today, june 20. upgraded my ether mining with 5 mh. I paid by credit card, since it is a reasonably cheap way to get into the crypto space without robbing the bank. 150 dollars for that upgrade. So from next month, we are looking at 7 mh in total of ether mining.
Profitability
As you can see, this has been very profitable. At first month, I thought it would take 8 months to be profitable. At 2. month I looked at 6. And now at 3. month, I have almost recovered everything. I'm impressed. And the reason is the huge influx of new money in this space. And a rally that I have not yet seen anywhere else. If it continues, this will by far be the most profitable I have ever done.
Is Genesis for you?
I don't reccommend anybody to play with their money they are not willing to risk. But if you do, humor me by using the promocode Vqgrc7 It will give you 3% off your purchase. You find them here: https://www.genesis-mining.com/
