Genesis Mining Dash Review

DASH mining On Genesis Mining Review

I’m going to cover DASH mining contracts on Genesis Mining. This is currently the best contract out of all the plans on offer at Genesis Mining. I made a comparison of all the Genesis mining contracts, and DASH is the most profitable, with more than two hundred percent yield (return on investment).

Important: There are risks associated with mining (no such thing as a free lunch). You should do a significant amount of research into what something is before you actually start. I’ve done quite a lot of research and will summarize it here in this review.

What is DASH

DASH is very similar to bitcoins in that it is a cryptocurrency that can be exchanged traded between people. It’s got a few advantage over Bitcoin:

  • Private Transactions – DASH has the ability to send transactions with anonymity. That’s one big advantage over bitcoin where all transactions are public. Hence with Bitcoin, anyone can track where the coin is going and where it comes from. DASH offers a layer of privacy that protects the user.
  • DASH also offers instant confirmation. Bitcoin transactions right now take 10 – 30 minutes complete. That’s very very long, and it really can’t be used as cash. Bitcoin is like a bank transfer DASH is like PayPal.

What is DASH Cloud Mining

When you mine DASH, you’re actually kind of doing calculations for the DASH network. You’re actually kind of helping these transactions move along. That’s the best way to describe what mining is so using a lot of computational power to verify transactions and that’s what you’re doing when you’re actually buying a Genesis mining DASH contract. When you buy the DASH contract, you’re actually renting a machine that does DASH mining. Every DASH contract last two years and when you buy one of these machines, it’s going to start mining immediately. So you’re going to start immediately doing calculations for the DASH network and going to be rewarded for that on a daily basis.

Whats Hash rate

Hash rate measures how many calculations you’re doing per second. The faster you’re doing it, the more calculations you’re doing, the more you’re going to get the more going to be rewarded from the network.

That’s the easiest way to describe it so if you’re mining 5 that means you’re just doing like have 5 mega calculations per second, and if you’re doing 100, that’s basically 20 times more. Yeah, 20 times so this is just basically making 20 times more money.

I’ve actually calculated that for you where you’re going to get a payback period of seven months so after seven months you’re going to get your money back. Hopefully and then out you’re going to start making money.

Everything that involves a high return evolves involves a high degree of risk that’s just the case I mean if you wanted very high security just buy US government bonds. There’s two risks associated with mining the first risk is of course currency so you can see that the price of DASH can fluctuate over time right now it just grew six percent over the last 24 hours, but it can also fall just as much. This because DASH has a very low market capsule and as a result, it can fluctuate a lot. Right now it’s at a pretty high state it’s at seventy-six dollars which are pretty good. I’m pretty like happy with DASH is that they got a really really good economy going on and a lot of videos covering DASH if your actual want to look at that specifics.

In general, so that’s the first spread that’s the value of DASH so if you’re mining something and the value that value decreases then it’s going to decrease your yield definitely

DASH mining Difficulty

Next, up is mining difficulty this is really the hardest thing to kind of calculate and it’s a little bit hard to explain. DASH is built around a system where the more people that are mining, the more harder it is to get coins. You’re all fighting for the same reward. So the amount of reward given by the whole system, in general, is the same, and everyone’s fighting for it. It gets harder to mind over time difficulty increases the reason why is because there are more people binding genesis mining contracts which mall buying actual miners is going to make the difficulty harder.

DASH Mining Technology

Another reason is Technology. You want just to think about your CPU’s on your phones they’re getting faster every day. And this is what’s happening if there’s new technology coming in it gets harder and harder to mind DASH, so that’s not going to decrease your profit per year. It’s very hard to estimate that because you don’t know what tech knowledge is coming in. And just any don’t know how many people are going to buy DASH mining, so usually, I have like it’s really hard to predict that.

DASH mining Profitability 

Please note that yields are affected by many uncertain variables such as DASH value, mining difficulty and other risks. This risks are not accounted for in the above calculation, read the article for additional information on these risks.

Check out a More detailed analysis here: Genesis Mining DASH ROI 

 

One comment

  1. After reading this review of Genesis Mining https://cryptorival.com/miners/genesismining/ I did some of my own research into cloud mining. It may take a little while to get a point of breaking even with the investment cost, but I feel it’s going in the right direction. Obviously you need be educated about mining difficulty and block reward rather than just the price on the bitcoin against your currency, as there are several factors to consider including timing. No get rich quick scheme here, just another investment opportunity that you take with the same care and diligence as any other investment.

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