New post on Allcloudminers where Genesis Mining is compared to Hashflare cloud mining. All cloud mining contracts are compared with costs, payouts and maintenance fees.
Here is a part of the comparison. It says how many days it takes for the payouts to cover the initial cost for the different cloud mining contracts.
Break even days Genesis Mining
SHA 256 Ths 541
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I am confusd here, I bought that SHA256 contract to test he site back in June 2016 - today is MArch 2017
I put just $120 in there to test. To date I hjave earned about $160 back and currently I receive around $1 pr day but there has been some hash upgrades to my plan due to referrals, about 3 or 4 times I received some hash power in total but cannot find out how much this added to my current available plan, so I am confused as to why is this not profitable for many people but it is profitable for me. The bonus hash I received is by no means the size of what I paid for, hence I am not making the profit from referral commission or anythig to that tune.
Someone please advise. Thanks.
Same with me, I bought a small contract on January this year just to try and see if I can make profit out of it. For the moment I still been paid around 10K-11K satoshis a day, but it will take almost 2 years for ROI, which I feel won't happen considering the comments from the senior members here. But I also saw in one of the threads that hashnest is profitable and have better support from admin, so I think I will try it out