Quote from: Boinkit on July 11, 2017, 07:41:53 AM

Quote from: cryptocoinzone on July 07, 2017, 05:34:21 AM

Genesis Mining is legit and right now profitable.

Really? I'm mining at Genesis now for approximately 1 month. Due to the raising difficulty the revenue is lowering about 40% each month. Based on this data I created a calculation:

Datum	\|	ETH/Monat	\|	Σ ETH	\|	/ETH 250	\|	Σ
01.07.2017	\|	0,65513095	\|	0,65513095	\|	163,78	\|	163,78
01.08.2017	\|	0,39307857	\|	1,04820952	\|	98,27	\|	262,05
01.09.2017	\|	0,23584714	\|	1,28405666	\|	58,96	\|	321,01
01.10.2017	\|	0,14150829	\|	1,42556495	\|	35,38	\|	356,39
01.11.2017	\|	0,08490497	\|	1,51046992	\|	21,23	\|	377,62
01.12.2017	\|	0,05094298	\|	1,56141290	\|	12,74	\|	390,35
01.01.2018	\|	0,03056579	\|	1,59197869	\|	7,64	\|	397,99
01.02.2018	\|	0,01833947	\|	1,61031816	\|	4,58	\|	402,58
01.03.2018	\|	0,01100368	\|	1,62132185	\|	2,75	\|	405,33
01.04.2018	\|	0,00660221	\|	1,62792406	\|	1,65	\|	406,98
01.05.2018	\|	0,00396133	\|	1,63188539	\|	0,99	\|	407,97
01.06.2018	\|	0,00237680	\|	1,63426218	\|	0,59	\|	408,57
01.07.2018	\|	0,00142608	\|	1,63568826	\|	0,36	\|	408,92
01.08.2018	\|	0,00085565	\|	1,63654391	\|	0,21	\|	409,14
01.09.2018	\|	0,00051339	\|	1,63705729	\|	0,13	\|	409,26
01.10.2018	\|	0,00030803	\|	1,63736533	\|	0,08	\|	409,34
01.11.2018	\|	0,00018482	\|	1,63755015	\|	0,05	\|	409,39
01.12.2018	\|	0,00011089	\|	1,63766104	\|	0,03	\|	409,42
01.01.2019	\|	0,00006654	\|	1,63772757	\|	0,02	\|	409,43
01.02.2019	\|	0,00003992	\|	1,63776749	\|	0,01	\|	409,44
01.03.2019	\|	0,00002395	\|	1,63779145	\|	0,01	\|	409,45
01.04.2019	\|	0,00001437	\|	1,63780582	\|	0,00	\|	409,45
01.05.2019	\|	0,00000862	\|	1,63781444	\|	0,00	\|	409,45
01.06.2019	\|	0,00000517	\|	1,63781961	\|	0,00	\|	409,45
01.07.2019	\|	0,00000310	\|	1,63782272	\|	0,00	\|	409,46

This calclucation is based on a eth price of 250/ETH. At the moment this price dropped down to 155/ETH. I expect to have some revenue within the first 6 months. After that I don't expect to mine any relevant amount.

This means concretely: 60% loss based on an ETH price of 250/ETH.

I think it is better to buy the coin directly.