Post
Topic
Board Service Discussion
Re: Genesis-Mining Review
by
bitgeek
on 24/09/2014, 12:19:56 UTC
No chance of me making a ROI with these guys as things stand unfortunately.

I took my 1 year contract out on the 10th of June for 0.433 Btc for 2 Mhz (approximately $277.12).

So far, earnings in just under 3 months have come to $66. The rate of earnings is decreasing steadily however, with approximately only $11 earnt over the past 27 days!

I think if BTC price gets back above $720 dollars this should make a ROI, but if the price continues to stay low there is zero chance of making a ROI.

If however you do feel like experimenting with the service then please click my affiliate link, as if your confident on an increase in Btc price this should make you some profit.

totally good point!

It is not really so relevant now though as his 1 year contract will be upgraded to a lifetime contract at the end of his 1 year contract, he posted before all the 1 year contracts were upgraded for free, so there is a chance he will make ROI now.

Also since then the price has fallen considerably, but that wont help the poster sadly as he is referring to what he paid at the time.

Ian

It's actually relevant if he's earning $12 a month. It's going to take him 17 more months to break even. I've seen people ROI on mining contracts in less than 6 months.
If there's only a CHANCE to ROI with these contracts, what about profits? Fat chance?