Lets assume I want to purchase 200MH/s Dash at Hashflare, cost about USD1,160. So based on cryptocompare, that will give about USD126.03 on monthly basis. So meaning I can withdraw ~MYR541 on monthly basis? Because I'm thinking to swap by credit card and convert to 0% installment plan, that will be around MYR415 monthly for 12months. What do you think? Any hidden fees that I'm not aware of from cloud mining perspective?

Thank you.

Ya. You are correct.


Bear in mind that the payout is daily term and you will receive your Dash to the wallet you specified and then you can convert it to BTC and sell to Luno and receive MYR.

The only concern you need to consider are

1. Mining difficulty
2. Prices of Dash and BTC which will affect your MYR either you receive lesser or higher.

Note:
Purchase via credit card - The first 30 days of the payouts will be withheld for security purpose and you can withdraw thereafter.

This post has been edited by jack2: Jul 3 2017, 11:21 AM

Free money! if one can get a few credit cards, needs not work anymore.

Based on 0.6% ROI, you will get back your investment by Day 167 but lets take 8 months on the conservative side due to the increase in mining difficulty. So from Month 9 to Month 24, the daily payout is your profit. But please do your own due diligence and research and stick to the golden rule in investing - only put in money you can afford to lose so it will not affect your current lifestyle. Happy cloud mining and good luck.

Thank you for your kind advice. I've few other investment in property and unit trust, now looking into this which I have to say very exciting. Since everything is digital, its literally just sit down and relax while money come in. So far I'm still assessing whether to go with cloud mining or purchase my own mining rig.

wow ... so your total daily payout from all the cloud mining you invested should be more than 100usd per day already ?

Then can save for a month then reinvest .....like some dude i saw in other forum he invested genesis mining for more than 500kusd

his daily payout insane 2-3btc .... thats 4k-6kusd per day, 250usd per hour, 4.17usd per minute, 0.07usd every second

This post has been edited by cofin: Jul 3 2017, 12:00 PM

I am a plankton compared to this whale.

Congratulation!

Thanks.

I have added you as a member of the Cloud Mining Club.

Add me also, on hash flare.. any WhatsApp group?

OK, you are added.

Sorry, there is no Whatsapp group for this yet.

Would you like to start one and be the admin of the group?

I'm new to here. heard about the Bitcoin mining but I'm feeling confused now...

buy a plan from the genesis-mining which means we do not need to own hardware to do mining ? "genesis-mining" do for us?

Yes.
You don't have to mess around to buy, assemble, configure, operate and maintain the mining hardware yourself.
If something goes wrong with any of the hardware components, it means downtime for you and will not be getting your payouts.
Cloud mining mines the coins 24/7 without downtime. You just sit back and collect money daily.
No need to worry about electricity costs, where to put the noisy and hot mining rig in your house.

I'm google-ing about this. It is cool... hope get more info from here..
a few weeks ago, I still discussed with friends about host own cloud CPU/server to do mining.

for min plan, 30/usd per month, do you guys able recover the expenses? I mean average

A USD30 cloud mining plan is very basic, but still OK for those who do not have a lot of funds to invest.
For small plans like this, don't ever go for bitcoin mining because the daily electricity/maintenace cost
they deduct from your daily will leave you with almost nothing.
And if the mining difficulty rises with time, the small payout cannot cover the MEF (Maintenance/Electricity Fees).

For small plans, better get those which do not charge MEF, like ethereum or dash mining.
No risk of terminating your contract because cannot pay MEF. Give it a try.

Did you guys received your ETH payout from Genesis ? Mine for 01.07.2017 missing

Nope. I got my daily ETH payout for 1/7 and 2/7 as usual.
Did you get your 2/7?



This post has been edited by denimblue: Jul 3 2017, 05:31 PM

Cloud mining is one of the many ways to invest in CC. The other being long term holdling for value appreciation, trading at exchanges, home mining with your own hardware and loaning out your coins at exchanges for daily interest.

The Genesis FAQ page has plenty of info. If you need any further info, the group here can help too.

https://www.genesis-mining.com/customer-service

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All payout updated as of 2 July

how much mh/s you subscribe for DASH?
I am thinking to start cloud mining.... not sure how much to start...