Calculating Bitcoin (BTC) Yields on Genesis Mining | August 2019
Genesis Mining is one of the biggest cryptocurrency mining operation in the world that sells mining-as-a-service contracts. According to our research, Genesis is offering the most profitable mining contracts at the moment.
Genesis Mining Yield Example
- If you would buy 30 TH of mining power today on Genesis Mining, that will cost you $139 dollars for a contract with a duration of 18 months.
- The cost per TH translates to $0.0846 per day or $2.5388 per day for 30 TH.
- On August 19, 30 TH contract would have paid out 0.000384 BTC in mining yield for the day or $4.11 per the current exchange rate.
- Under these conditions, the contract had a 62% yield on that day.
Mining is subject to great volatility. BTC to USD exchange rates can change rapidly. Mining outputs are also subject to significant volatility with changes is difficulty rates, total hashpower and the amount to BTC yet to be mined.