Warning: Genesis Mining X11 Analysis Based On Personal Experience by 01/07/2017

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·@crypto-p·
0.000 HBD
Warning: Genesis Mining X11 Analysis Based On Personal Experience by 01/07/2017
![GenesisMining_Logo.png](https://steemitimages.com/DQmeJRbTCzBHfcptVGPR73pv4V79TqGN2oYnubHbbvFcX85/GenesisMining_Logo.png)
A couple of days ago Genesis Mining have resumed their Dash X11 Mining Contracts, and I've noticed many Steemit users posting about their upgrades, promoting it, sharing their referral 3% discount codes, etc - that's why I decided to make this post.

In April, 2017 I have invested $20'000,00 in Genesis Mining myself on X11. I have been following the Dash price/difficulty rate very attentively. 

 What I have noticed in JUNE 2017 was that my daily payouts in Dash DECREASED by 3 times.

 Then I opened the Dash Difficulty Chart, and that's what I saw: 

End May Difficulty: ~100k
End June Difficilty: ~270k

It is just huge growth!  I couldn't believe my eyes!

![](https://steemitimages.com/DQmfVMN4wbLxDMTUbofB5JoFL9uJajThztwNB9ZCHwW6R54/image.png)
I  have 4000 MHz, which used to bring me 1.2 DSH/day. This week I have been receiving as low, as 0.44 DSH/day, which is a dramatic decrease! 
The current Dash price is $169 USD.
![](https://steemitimages.com/DQmaBcFoyANCAMVRZ9tPvfP5oMUtNidphdrNxARL72A5yRb/image.png)
This means, that if we buy a Contract with 2000 Mhz, for $9000, we will receive our money back in 7.7 months, if the difficilty won't rise faster than the price. But it will. 

From 11/06/2017 the Dash price hasn't gone up, while the difficulty HAS!
![](https://steemitimages.com/DQmduEuvZaU7YEiF6vK7KQaH8Eq8L617ya4MKnvBXszvWkC/image.png)

If this trend continue (price holds, difficulty continues to rise), we will not receive our money back after 7.7 months, like we've calculated above. We may have our returns in a year or more, while just buying some of the coins may bring you up to 100% A DAY.

I'd suggest that Genesis Mining users to consider that!
IMO, Genesis Mining X11 may only be really profitable for people like TrevonJB / Craig Grant, who have thousands of followers / referrals, that bring them 8% from their referral purchases... So, I'd suggest not to invest in Genesis Mining, unless you know for sure, what you are doing, although GM is absolutely not a scam.

Good luck with your investments!
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