Buy Monero XMR Mining Contract
Hello Steamians, Monero (XMR) has seen steep climbs in price over the past week. I figured I would evaluate a 2-year contract on genesis-mining.com for its profitability seeing that price is $87.93 USD (.02135004 BTC) at the time of submitting this review. In the past week XMR has seen an increase of 79.57% even at a time were most alt-coins have decreased in value with the uncertainty of Bitcoin (BTC) with the issue involving BitcoinCash (BCC). XMR hit a high of $103.38 (.0213 BTC) recently, and on coinmarketcap.com, XMR is #11 at a $1,314,836,487 market cap. Yes that is over 1 billion.
This coin is hot right now and has a ton of upside. Some might be looking at a more conservative approach and buying hashpower from a company such as Genesis-mining might be what these types are looking for. I would strongly advise that an investment such as this is not for everyone and many would argue that buying XMR directly might be a better investment.
To Mine or Buy Ethereum/Zcash/Monero in 2018. Lately I've been playing with bitcoin cloud mining contracts from. Let's apply the same maths for Monero (XMR). 2 Start mining! Without any contracts on a pay-as-you-go basis. Buy hash power from MiningRigRentals! Create a Monero address to recieve payments. After we receive your payment, your contract will be added to your account and you can immediately start mining. For the security of our investment and that of everyone that purchase miners from us, we do not publicize the exact location of our mining farms. However the minimum withdrawal is 0.005 XMR. Hey Steemians and Miners, Monero (XMR), an often undervalued coin that many have looked over in favor of other by rabbt. However, if market price of XMR is the determining factor on whether or not the contract yields enough profitability then I would suggest buying into the coin directly with the funds in order to.
Even though the price of Monero has drastically increased, the price of 3rd party mining contracts at Genesis Mining have remained the same. I will be using the 1000 H/s 2-Year Contract that will cost $819 USD. With the 3% promo code, that price goes down to $795.40 (you can use my promo code if you decide this is something for you - DQJvq0). The Genesis Mining contract states that their XMR contracts are without maintenance fees as the only fee you pay is the charge you pay up front. Per the contract, the fees are 'USD 0 per H/s and day, deducted on a daily basis* from the generated Coins', so I will use 0 Watts and 0 USD variables for energy costs.
Using a profitability calculator, this is from coinwarz.com, we receive the following output: According to these calculations, it shows earnings of 0.031359 XMR per day valued at $2.93 USD. At this rate, the hashpower will produce 1 XMR every 32 days and would require roughly 280 days at the current price of $87.92 USD to return your investment and begin earning profit. That means you will have 450 days to earn your $2.93 per day of profit which comes to a total of $1,315.50. This is 1.6 times your investment in just 2 years time. Of course, as mining continues, the difficulty will increase and your profits will decrease but if the price of Monero continues to increase or simply holds, it looks as this investment could be profitable.
Again, many would argue that simply investing in Monero would bring you a larger ROI and if Monero decreases in price, so will your profits. The results of your mining proceeds will vary day-by-day but with your ROI being earned back in approximately 280 days at these prices, these contracts could earn interested parties a steady passive income for over a year. If XMR continues to increase, so will the value of these contracts at Genesis-mining.com.
You could decrease your hashrate to 500 H/s for $416.50 or even lower to $49.99 for 60 H/s or even the maximum of $8000 for 10000 H/s. Again you can use a promo code to decrease these amounts by 3% (my promo code is DQJvq0) for a cheaper initial investment. Overall, with prices the way they are on Monero, this investment seems viable and would vastly outperform the stock market and would be considered a great return by Wallstreet standards but one might do better directly investing in cryptocurrencies. For passive income, this again seems like a viable investment. This is my first article on steemit, so let me know what you think. Any comments or follows would be welcomed. As always, do your own research before making any investments and do not invest what you cannot afford to lose.
Is a company that sells mining hashrate to their customers. They offer different plans that allow you to mine crypto currencies without actually owning a miner. Genesis Mining might be an interesting alternative to purchasing coins on your own. Depending on your goals and circumstances, this kind of plan might be the most profitable option. Once you sign in to the plan, you will obtain Monero (XMR) no matter how high or low is the price of the coin. This is something that you might use on your advantage.
Monero Cloud Mining Review Genesis Mining offers a fixed hashrate for two years. The contract price reflects the amount of hashrate you get, though you get up to 6% discount when you purchase the bigger packages. The lowest stake is $34 USD for 30 Mh/s; the highest one is $2900 USD for 2700 Mh/s. There is also an option to choose anywhere in-between and even up to 10.000 Mh/s for $10.440 USD, though the discount does not get higher than 6% after passing the 2700 Mh/s mark. As with most packages, the 2 years contract includes electricity and maintenance fees, which means that there is only one payment required. It is always advisable that you make your own calculations. As for today, the ROI of one of Genesis Mining Monero plans is about 16-18 months, but the price of most crypto coins (including XMR) varies daily.
Those plans might or not might work for you depending on what you will do with the coin. Best ZClassic ZCL Mining Pools. Most people purchase plans to get Monero (XMR) and then profit by trading it like stocks. Dynamo Package Profitability.