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 Cloud Mining - Cryptocurrencies

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HHCC
post Jul 2 2017, 10:12 PM

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QUOTE(raynman @ Jul 1 2017, 08:06 PM)
My Genesis dashboard now got DASH, effective from today. laugh.gif

user posted image
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Yippee...Genesis just reintroduced Dash...I'll go for it too as I'm very bullish about Dash for the long term.
TSraynman
post Jul 2 2017, 10:20 PM

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QUOTE(HHCC @ Jul 2 2017, 10:12 PM)
Yippee...Genesis just reintroduced Dash...I'll go for it too as I'm very bullish about Dash for the long term.
*
Welcome to the Dash club. smile.gif
SUSdenimblue
post Jul 2 2017, 11:01 PM

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I just checked the pricing for the Dash (X11) mining contract with Genesis and Hashflare.
Your 2-year Genesis 500 MH/s costs USD2,250.
Hashflare only has 1-year contract. USD2,900 for 500 MH/s.
Genesis is very much cheaper.
Good choice, raynman. thumbsup.gif

TSraynman
post Jul 3 2017, 08:41 AM

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QUOTE(denimblue @ Jul 2 2017, 11:01 PM)
I just checked the pricing for the Dash (X11) mining contract with Genesis and Hashflare.
Your 2-year Genesis 500 MH/s costs USD2,250.
Hashflare only has 1-year contract. USD2,900 for 500 MH/s.
Genesis is very much cheaper.
Good choice, raynman.  thumbsup.gif
*
I am entitled to a 3% discount on the Dash mining contract, so I only pay USD2,182.50. biggrin.gif

jack2
post Jul 3 2017, 09:07 AM

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QUOTE(raynman @ Jul 3 2017, 08:41 AM)
I am entitled to a 3% discount on the Dash mining contract, so I only pay USD2,182.50.  biggrin.gif
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Cool....
TSraynman
post Jul 3 2017, 09:16 AM

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QUOTE(jack2 @ Jul 3 2017, 09:07 AM)
Cool....
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Just received my first Dash daily payout.

user posted image

0.07724257 Dash, around USD15.

Not bad at all. laugh.gif

jack2
post Jul 3 2017, 09:43 AM

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QUOTE(raynman @ Jul 3 2017, 09:16 AM)
Just received my first Dash daily payout.

user posted image

0.07724257 Dash, around USD15.

Not bad at all. laugh.gif
*
But you need to wait for another 30 days.. LOL

TSraynman
post Jul 3 2017, 09:55 AM

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QUOTE(jack2 @ Jul 3 2017, 09:43 AM)
But you need to wait for another 30 days.. LOL
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True.

This is a new contract, so will have to wait out the 30 days.

My Exodus wallet is ready to receive the Dashes when they come in. biggrin.gif

jack2
post Jul 3 2017, 09:56 AM

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QUOTE(raynman @ Jul 3 2017, 09:55 AM)
True.

This is a new contract, so will have to wait out the 30 days.

My Exodus wallet is ready to receive the Dashes when they come in.  biggrin.gif
*
So they pay in Dash ka?

Exodus is desktop wallet? Good and safe?
TSraynman
post Jul 3 2017, 10:04 AM

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QUOTE(jack2 @ Jul 3 2017, 09:56 AM)
So they pay in Dash ka?

Exodus is desktop wallet? Good and safe?
*
Yes, Genesis pays out in Dash.

My Exodus wallet can store Bitcoin, Ethereum, Litecoin, Dash, Decred, Augur, Dogecoin and Golem.

They will add more coins as we go along.

You need to do a backup of your private keys first, then it is safe to use.

It is very easy and has a very nice user interface.

Try it out.

http://exodus.io

HHCC
post Jul 3 2017, 10:06 AM

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QUOTE(raynman @ Jul 3 2017, 09:16 AM)
Just received my first Dash daily payout.

user posted image

0.07724257 Dash, around USD15.

Not bad at all. laugh.gif
*
USD 15 daily payout from USD 2182 investment is about 6% ROI. Very good, better than ETH.
HHCC
post Jul 3 2017, 10:08 AM

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QUOTE(raynman @ Jul 3 2017, 10:04 AM)
Yes, Genesis pays out in Dash.

My Exodus wallet can store Bitcoin, Ethereum, Litecoin, Dash, Decred, Augur, Dogecoin and Golem.

They will add more coins as we go along.

You need to do a backup of your private keys first, then it is safe to use.

It is very easy and has a very nice user interface.

Try it out.

http://exodus.io
*
Raynman,

Can MEW store Dash, if not need to create Exodus. Another wallet and private key to protect. LOL.
TSraynman
post Jul 3 2017, 10:11 AM

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QUOTE(HHCC @ Jul 3 2017, 10:06 AM)
USD 15 daily payout from USD 2182 investment is about 6% ROI. Very good, better than ETH.
*
This is because the ETH mining difficulty has increased tremendously recently, due to many people mining it.

Profitability has dropped almost 40% since the beginning of June. sad.gif

TSraynman
post Jul 3 2017, 10:13 AM

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QUOTE(HHCC @ Jul 3 2017, 10:08 AM)
Raynman,

Can MEW store Dash, if not need to create Exodus. Another wallet and private key to protect. LOL.
*
You can't use MEW to store Dash.

Better get a multi-coin wallet like Exodus and manage your coin portfolio there.

I love the Exodus user interface and it is so easy to use.

mosfet83
post Jul 3 2017, 10:36 AM

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Hi all, I'm new to cloud mining. But got question before I venture further on payout. Basically how does payout works? Ultimately how do you withdraw those earnings into cash? Thanks.
jack2
post Jul 3 2017, 10:42 AM

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QUOTE(mosfet83 @ Jul 3 2017, 10:36 AM)
Hi all, I'm new to cloud mining. But got question before I venture further on payout. Basically how does payout works? Ultimately how do you withdraw those earnings into cash? Thanks.
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Depend on which coin contract you are buying and you need to convert it into BTC and sell BTC in any exchanges like Luno and get MYR.
Nidz
post Jul 3 2017, 10:47 AM

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Let's say I purchased Dash contract from Genesis. The payout will be in Dash coins paid to my wallet, right? So, how do I convert it to BTC and sell it in an exchange?

Is there any other costs involved in maintaining the wallet, conversion to BTC and selling the BTC?

Thanks and sorry for the noob questions.

P/S: Ok, just watched the Exodus videos. Apparently, the software has a built in exchange and you can convert coin in it without hassle. Surely, there are % spread involved.

This post has been edited by Nidz: Jul 3 2017, 10:51 AM
TSraynman
post Jul 3 2017, 10:57 AM

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QUOTE(Nidz @ Jul 3 2017, 10:47 AM)
Let's say I purchased Dash contract from Genesis. The payout will be in Dash coins paid to my wallet, right? So, how do I convert it to BTC and sell it in an exchange?

Is there any other costs involved in maintaining the wallet, conversion to BTC and selling the BTC?

Thanks and sorry for the noob questions.

P/S: Ok, just watched the Exodus videos. Apparently, the software has a built in exchange and you can convert coin in it without hassle. Surely, there are % spread involved.
*
The built-in exchange called Shapeshift within Exodus is really very convenient.

No need to send your coins to a separate exchange to buy another coin and send it back to your wallet.

Nidz
post Jul 3 2017, 11:02 AM

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QUOTE(raynman @ Jul 3 2017, 10:57 AM)
The built-in exchange called Shapeshift within Exodus is really very convenient.

No need to send your coins to a separate exchange to buy another coin and send it back to your wallet.
*
But what about cashing out?
TSraynman
post Jul 3 2017, 11:08 AM

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QUOTE(Nidz @ Jul 3 2017, 11:02 AM)
But what about cashing out?
*
You need to create a Luno wallet, which stores bitcoins and Malaysian Ringgit.

Sign up with them to maintain an account.

They will ask for documents to verify your Malaysian identity and let you bank in and withdraw Malaysian Ringgit.

Then you can use your Malaysian Ringgit to buy and sell Bitcoins at their Luno exchange.

http://www.luno.com


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