I am new in cloud mining. I have around $700 in Minergate and I receive around 18K satoshi per day. There is no hashing power in genesis. I thought it's better than hashing24 and hashflare.
Hi all.
I have decided to test MinerGarte cloud mining and share my experience with you.
Initially the price seems pretty good if there is no stock in ViaBTC or in Genesis.
But the result is very different.
My results:
Price: $1094.41
Hash power: 7433.1021 GH/s
Daily Mining: $5.415463
Maintenance: $2.452924
Daily Income: $2.962539 ( 0.00020618 BTC )
les than 3$ /day.... investing $1094.41
At the moment I'm not happy ... it should be at least double or triple.
I will update this message weekly,
To show you the truth about Minergate Cloud Mining with real numbers ... and you will be able to know what is the real profit and the contract duration.
For all those who are thinking of investing in cloud mining !!!
Happy new year !!
First I wish you best luck, that you will at least get back your investment and minergate will exist those 500 days and more. To your numbers: If any legit cloudminer exists, you will not see a better ROI, because that are realistc earnings and only for profit on longterm, like you would mine with your own hardware. Calculate, how long you would have to mine to get the price of your hardware back, add also maintance fees, electricity costs and the costs of space for the hardware. Cloudminers cause addirional costs like administrative costs, server, staff, taxes and so on. And also they want to make profit. So you can't make quick profits on cloudminers.
But the problem is, that almost all so called cloudminers are ponzi and/or scam or don't pay anymore and finish contracts, like you see now on genesis and hashflare.