Is Cloud Mining Actually Profitable (Genesis Mining review)?

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·@brunnernathan·
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Is Cloud Mining Actually Profitable (Genesis Mining review)?
![13330206773_6a6eb47c73_k.jpg](https://steemitimages.com/DQmQr2344BpFdydgHVwMFPQCV8M62FzXtTR3pDNT84sK6VC/13330206773_6a6eb47c73_k.jpg)
I have been cloud mining for the last 2 years with [Genesis Mining](https://www.genesis-mining.com/a/1022672). This article is a recapitulation of how much money I made using this cloud mining service. Note that investing in cloud mining is a risky operation, **this is why I recommend you to read my blog post: [Cloud mining : what are the risks and how to minimize them?](http://www.cryptocurrency-mining.net/2017/07/cloud-mining-what-are-the-risks.html).**
# Comparison table of Genesis Mining Contracts
The following table is a comparison of the mining contracts provided by  [Genesis Mining](https://www.genesis-mining.com/a/1022672).
_| Bitcoin | Ethereum | Litecoin| Monero
------------ | ------------ | -------------  | ------------- | -------------
Investment | $800| $200| $100| $100
Return in 2 year* | $1104| $424| $194| $90
Yield | 138%| 212%| 194%| 95%
**2 years is the contract-period for Ethereum, Litecoin and Monero.*
# Conclusion
An investment two years ago turned out to be a good operation. This is important to note that investing in cloud mining right now is probably not as good as it used to be.
If you still want to buy a [Genesis mining service](https://www.genesis-mining.com/a/1022672), you can get a 3% off if you use my promo-code: OebC5f (I will get a percentage of what you buy).
<center>*Image credit: Tiger Pixel, duplicate article: [Cloud mining: a case study](http://www.cryptocurrency-mining.net/2017/08/cloud-mining-case-study.html)*</center>
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