Post
Topic
Board Service Discussion
Re: Genesis-Mining Review
by
Pastonia
on 23/07/2017, 18:16:08 UTC
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.