I been in Genesis mining for over 12mths. It's been a great experience so far. I'll keep this story short and sweet.
How does it work:
You buy Hash Power, (kind of like renting the hardware in a sense), Genesis will mining the coins, you get paid based on how much hash power you have bought. The more hash power you have the more you earn per day . Simple as that.
What Mining contracts are there?
There are many contracts you can buy being the BTC opened contract, Eth 2yr, DashX11 2 yr, Monero 2Yr, (Litecoin not available) Actually the Dashx11 only came available last night as of writing this post its the most profitable contract having been unavailable for months. I don't know how long it will last.
Pretty much hands free income.
Pro's:
100% handfree income you get paid every 24hours into your Crypto Coin wallet. There is nothing to do
Con's
It's slow. For example the BTC Open ended contract 1 Terra Hash will cost $150, expect to get $0.80-$0.85 cents per day for this.
You need a lot of capital to earn a decent income. It took me 1 year to get to $200 a day.
How to speed up your income:
- Add more funds and do it regularly
Compound so when you get paid use that money to buy another contract immediately the next day. This has to be done manually.
Refer your friends but Genesis does not pay much only 2.5%-6% depending on your Affiliate rank which is based on sales.
If you a person with not much time, working a full-time job and looking for supplementary income then look at Genesis. They been around for 4yrs+ and are the biggest BTC/ETH mining company outside China.
How to get Started:
Go to genesis-mining.com , buy hash power, please use my promo code '3UohWg' and you'll get 3% off the price of any contract. It will take 24hrs to mine ad 24hrs to consolidate your first payment provided your payment is more than the min 0.0006 BTC. Make sure you enter your BTC, ETH, LTC, DASH, ZEC wallets in the setting so you can get paid.
Good luck
Any questions comment below !!!
P.s Jump on my Youtube channel https://www.youtube.com/channel/UCgMeuSe1bAnOfstLUB1NgkQ
Add me on Facebook (actually you can't add me over 5000 friends) just follow me bro https://www.facebook.com/ng.gavin.526
First of thank for this information. I was thinking about. Could you share your personal experience in details, like how viable its in a long run with smaller funds? Do they have contracts to siacoin? What are the potential risks? Appreciate you sharing this info.
I do buy trade Sia Coin, buying and selling on Bittrex. I think this one is good long term coin because it has a very cost effective business model with high profit margin compared to this bigger brothers. You will look back 12mths from now and wish you bought more ;)
Since difficulty goes up every day, won't our returns become lesser and lesser every day?
As long as the crypto values are skyrocketting, is it interesting.
If the value is going down, you are right our returns will become lesser and lesser every day.
It is a fact that it is a risk to invest.
Have a nice day.
Yes exactly what @dimitrya123 said as long as the price goes up and remains same or more than difficulty you will always make a nice profit. BTC, ETH, LTC, DASH are all going to go up X2- X4 fold in 12months time. We are in a digital Gold Rush boom. Enjoy it now it's a special time in history.
I got into Genesis Mining because of Ng and I am now at about $15 a day. That's $5,475 a year, fantastic! And I'm still growing it.
Nice. I just started cloud mining. My account makes about 1 dollar/day. What is you strategy to increase it? Do you reinvest what you made?
Can mining xmr ?
welcome here my friend
Thank you Ralf
no only the payout. In mining allocation you can select multiple coins but this is only the payout when you get paid. So for example if you have 50% on XMR and 50% on LTC, that's what your payout will be. But it mines XMR as this is the contract you initially bought, if that makes sense. Thanks for your feedback.
Yes, you can directly mine Monero (XMR). I think there are still contracts available.
Thanks for the post. I have been meaning to look into this. I thought you had to buy a computer and keep it cool etc. Have another look in the morning. Following and resteeming this for the links for me and my followers. Great information!
Peace and happiness from Vietnam!
Hey thanks Vietnam guy, was in Hanoi not long ago seen Mig's taking off from the airport, dam those things are loud. cheers man.
Ya, those Migs are loud. Was living in DaNang and they fly over the beach going to patrol the islands many times a day. Look forward to more of your videos, I'm just getting interested in Genesis mining.
awesome..hope this would inspired arround you to take the risk with good reward calculation...
Everything is a risk, do nothing you get nowhere in your life. That's a bigger risk.
You're right, by doing nothing we can get nowhere.
Wow, never knew such thing exists in the first place. Can you share with us how much money did you have to invest overall?
27K
hori shiet that's huge amount of money
Does it charge any withdrawal fees for DASH as it pays out daily do I have to give transaction fees daily@nggavin
My payout match what I got, meaning if 0.1500 Dash was sent from Genesis Mining, that's what I got in my Dash wallet.
Man, you have 149 Th/s to mining bitcoin and 396 MHs to mining ether???
Wowwwwww
Yep it takes time, over 12 months to build yo this but it's worth it
Nice video.
Feel free to use my code by a next upgrade (j3SbkT) . I'll do the same for you ;)
Upvoted and following by the way ;) Take care !
I got about 25 ppl I still got to use their code and 50 more asking me too. Use my code first then I will reciprocate and I'll add you to my list.
OK no problem :)
Thanks,
Take care.
Affiliate code >>> NkQanX - Use my code and save 3% and comment back and ill hit you back ASAP, doing 10-15 upgrades tomorrow! Following you now too.