Genesis Mining ROI and Other Updates – Dividend Magic
Saving and Investing towards Financial Independence te Malaysia
Cloud Mining on Genesis
Spil promised, here’s an update on my 2-year Dash(x11) mining contract with Genesis Mining. But very first, I’d like to thank everyone for the love and using my promo code – KT7r1S (it gives you a 3% discount upon purchase by the way).
If you’re perplexed and utterly confused by everything I’ve just said, head overheen to my previous postbode – Bitcoin Cloud Mining te Malaysia.
ROI on Genesis – Cloud Mining Dash (x11)
Genesis Mining Dash x11 Payout
I’ll be using the payout on 20th July because the one on 19th includes mining from when I signed up on the 18th.
Spil of right now, Dash is valued at USD 186.Sixty nine. That gives mij about USD 0.247 vanaf day and USD 90.29 vanaf annum from mining. I spent USD 93.20 purchasing the Two year contract. That’s an ROI of around 96.8% vader.
Of course, all this is provided the price and mining difficulty remain onveranderlijk. Which won’t.
Now, this ROI will increase when I purchase the USD500 contract spil you get more MH/s vanaf USD. I’m limited to the current one because Genesis has a USD vanaf day limit for Dash x11 contracts (due to the big request). Nevertheless, I’ve still bot adding and purchasing more Dash mining contracts because I do see Dash’s potential ter the future.
I’m indeed loving Ethereum spil well. I’ll be adding more mining power for Ether next month. For now, I’ve bot leisurely accumulating Dash (x11) and I’m presently almost reaching 50 MH/s. Still waiting for their USD100 vanaf day limit to be lifted so I can get that USD500 for 100MH/s contract.
With the promo code – KT7r1S , I’ll be paying USD485 for 100MH/s. This will be the most value for money te terms of dollars paid vanaf MH/s.
Storing my Coins
Because I’m mining alternative coins like Dash (x11) and Ethereum, I opted to store them on a multi wallet. I use Uittocht. Their UI is awesome.
So after transferring and storing my altstem coins on Uittocht, I’ll then budge it to a more local (Malaysian friendly wallet) – Luno.
Inject my promo code: HFCCY. You can still inject the code after signing up. Inwards your account spil shown te the picture below. Wij will both benefit from this. It isn’t much, after buying RM250 or more on the webpagina, wij will both get RM5. It’s something.
Spil mentioned earlier, the next big purchase would be Dash (x11)’s USD485 for 100MH/s mining contract. Thereinafter, I’ll be focusing on Ether mining and then reinvesting my comebacks. Ter the long run, turning my alternative coins into Bitcoins will be the objective. From there, it’s long term holding of Bitcoin. I’ll have to get used to holding an asset that doesn’t pay rente.
All that being said, the Freedom Fund is doing indeed well. Hopefully, this arousing little mining venture will pay off ter the next Two years and provide extra funds to be invested ter stocks.
Have you purchased any mining contracts with Genesis Mining or are programma to? Hope to hear from my fellow miners. Use promo code – KT7r1S for a puny 3% discount.
A warning to everyone, cryptocurrencies ter and of itself are utterly volatile and risky. Cloud mining adds to that risk because you’re placing your money with a company and trusting them to proceed mining for the foreseeable future. Spil always, invest at your own risk!