Post
Topic
Board Service Discussion
Re: Genesis-Mining Review
by
IanFoxley
on 08/07/2016, 15:58:47 UTC
you think thats bad look at their x11 contracts .   way over priced .  100 MH its self will only get you 3 dash a year if lucky but hey pay 900$ lol

3 dash a year, really?

Funny that, my dash payout today for 1 MH/s was just over 0.002 Dash

So if i multiply that by 100, that would mean with 100 MH/s i would have got 0.2 Dash today.

So I think you need to go and recalculate, but you still make a good point regarding the amount you might get over a year vs the 900 USD, which is for 2 years btw, not one.

Personally i do not think X11 is very profitable now, the Asics will just make a repeat of what happened with Scrypt, difficulty will go up and if people are trying to make ROI with those Asics, then they will want to get rid of Dash Asap so the Dash price might fall. It already has fallen over the last few months. Around August I believe 500 MH/s X11 Asics will be starting to be sold, so difficulty is just going to go up and up.

So like most cloud mining contracts, it is risky.