First of all, I wish all of you a merry christmas! The cryptocurrency market has given all of us a little present, since we have seen huge corrections for the past couple of days. I am sure the prices will move back up in no-time. It is the perfect time to buy again! Get ready for 2018!

Yesterday I have posted an article about Bitcoin cloud mining with <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a>, the industry leading cloud mining company. If you haven't read it yet, follow <a href="https://steemit.com/cryptocurrency/@wesleybos/bitcoin-cloud-mining-with-genesis-mining-legitimate-cloud-mining-company">this link</a> to read the article. The replies I have gotten on this article made it very clear for me that there are a lot of questions about the possible profits, and that a confirmation of their legitimacy is needed.

So, this article is an extension to my <a href="https://steemit.com/cryptocurrency/@wesleybos/bitcoin-cloud-mining-with-genesis-mining-legitimate-cloud-mining-company">other article</a> about <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a>. In this article I will be showing you my personal break-even calculations for the following mining contracts: Ethereum, Monero, and Zcash. 

<b>Furthermore, I will proof their legitimacy with pictures!</b>

<a href="https://www.genesis-mining.com/a/1698441"><img src="http://i67.tinypic.com/9jgles.jpg" alt="Bitcoin Cloud Mining With Genesis Mining" /></a>
<h1>Break-Even Calculations</h1>

I have purchased 3 out of the 6 available contracts at <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a> myself. All of my contracts last for exactly 2 years, and I am receiving daily payments to my wallets of choice. As soon as the other 3 contracts are available again, I will purchase them as well and update this article.

All of my calculations are based on the following assumptions:

- You will sell your total payments in cryptocurrency after the duration of the contract
- The price of each cryptocurrency is higher after the duration of the contract
- You will get approximately the same payment every single day

Please be aware of the fact that prices of all cryptocurrencies are still extremely volatile, and probably will be for several years ahead.

<img src="http://i63.tinypic.com/2nlqqh4.jpg" alt="My Personal Genesis Mining Contracts" />

<h3>Ethereum ("Dagger-Hashimoto" algorithm)</h3>

<div class="pull-left"><img src="http://i64.tinypic.com/3321lcz.jpg" alt="Genesis Mining 2 MH/s Ether Hashrate" /></div>

As you can see I have purchased 2 MH/s Ether hashrate. My Ethereum contract lasts from 15 October 2017 till 15 October 2019.

This contract gives me approximately <b>0,0003 ETH per day</b>. Since the contract lasts for exactly 2 years, I am going to multiple this by 730 days. <b>0,0003 x 730 = 0,219 ETH</b> after 2 years (estimated total payment)

Since this contract has cost me $63,20 to purchase, I am going to equal this to the estimated total payment of the contract. This gives us the following equation: <b>0,219 ETH = $63,20</b>. 

Finally, I would like to know how much 1 Ethereum should cost in order to break-even (no profits, no losses). So, if <b>0,219 ETH equals $63,20</b>, the outcome of this equation is <b>1 ETH equals $288,58</b>. 

If this step was too fast for you, let me explain. Simply <b>divide $63,20 by 0,219 ETH</b>. This means that in order to break-even on this contract, the price of Ethereum has to be at least $288,58 on 15 October 2019. And since the price of Ethereum is currently $768,15 and still rising, this gives us a decent profit.

<b>Conclusion: Mining Ethereum with <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a> is currently extremely profitable!</b>

This contract enables you to mine Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Augur (REP), Ethereum Classic (ETC), and Steem (STEEM). I have not tried to mine all of the other cryptocurrencies yet with this contract.

<h3>Zcash ("Equihash" algorithm)</h3>

<div class="pull-left"><img src="http://i67.tinypic.com/28pdeu.jpg" alt="Genesis Mining 25 H/s Zcash Hashrate" /></div>

As you can see I have purchased 25 H/s Zcash hashrate. My Zcash contract lasts from 9 November 2017 till 9 November 2019.

This contract gives me approximately <b>0,00035 ZEC per day</b>. Since the contract lasts for exactly 2 years, I am going to multiple this by 730 days. <b>0,00035 x 730 = 0,2555 ZEC</b> after 2 years (estimated total payment)

Since this contract has cost me $51,55 to purchase, I am going to equal this to the estimated total payment of the contract. This gives us the following equation: <b>0,2555 ZEC = $51,55</b>. 

Finally, I would like to know how much 1 Ethereum should cost in order to break-even (no profits, no losses). So, if <b>0,2555 ZEC equals $51,55</b>, the outcome of this equation is <b>1 ZEC equals $201,76</b>. 

If this step was too fast for you, let me explain. Simply <b>divide $51,55 by 0,2555 ZEC</b>. This means that in order to break-even on this contract, the price of Zcash has to be at least $201,76 on 9 November 2019. And since the price of Zcash is currently $549,80 and still rising, this gives us a decent profit.

<b>Conclusion: Mining Zcash with <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a> is currently extremely profitable!</b>

This contract enables you to mine Zcash (ZEC), Bitcoin (BTC), and Ethereum (ETH).  I have not tried to mine all of the other cryptocurrencies yet with this contract.

<h3>Monero ("CryptoNight" algorithm)</h3>

<div class="pull-left"><img src="http://i65.tinypic.com/i4jllv.jpg" alt="Genesis Mining 60 H/s Monero Hashrate" /></div>

As you can see I have purchased 60 H/s Monero hashrate. My Monero contract lasts from 9 November 2017 till 9 November 2019.

This contract gives me approximately <b>0,00055 XMR per day</b>. Since the contract lasts for exactly 2 years, I am going to multiple this by 730 days. <b>0,00055 x 730 = 0,4015 XMR</b> after 2 years (estimated total payment)

Since this contract has cost me $53,49 to purchase, I am going to equal this to the estimated total payment of the contract. This gives us the following equation: <b>0,4015 XMR = $53,49</b>. 

Finally, I would like to know how much 1 Monero should cost in order to break-even (no profits, no losses). So, if <b>0,4015 XMR equals $53,49</b>, the outcome of this equation is <b>1 XMR equals $133,23</b>. 

If this step was too fast for you, let me explain. Simply <b>divide $53,49 by 0,4015 XMR</b>. This means that in order to break-even on this contract, the price of Monero has to be at least $133,23 on 9 November 2019. And since the price of Monero is currently $350,41 and still rising, this gives us a decent profit.

<b>Conclusion: Mining Monero with <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a> is currently extremely profitable!</b>

This contract enables you to mine Monero (XMR), Bitcoin (BTC), Litecoin (LTC), Dash (DASH), and Zcash (ZEC).  I have not tried to mine all of the other cryptocurrencies yet with this contract.

<h1>Proof of Legitimacy</h1>

Please note that I have set my Monero contract to mine Zcash instead of Monero itself, since this is currently more profitable according to my own calculations. My 60 H/s Monero contract gives me approximately <b>0,001 ZEC per day</b>.

<img src="http://i64.tinypic.com/119uero.jpg" alt="Genesis Mining Proof of Legitimacy" />

So, I would say give it a try yourself and experiment a little with all of the available contracts and cryptocurrencies. If you set up correct calculations for yourself, you can determine which cryptocurrency is the most profitable at any given time. Cloud mining may be more profitable than investing in cryptocurrencies, since the competition in this market is lower for now.

<b>If you are interested in cloud mining with <a href="https://www.genesis-mining.com/a/1698441">Genesis Mining</a>, please use the following referral code (hzlG8F) to get a 3% discount on all your orders. Besides, you will help me earn a little commission for my time and efforts.</b>

<h1>3% discount code: hzlG8F (valid for all orders)</h1>

<h1>Suggestions & Corrections</h1>

Do you have any suggestions and/or corrections after reading this post? Please do not hesitate to reply to this post! I will read every single comment and change my original post if necessary.

<h1>Did you like this post? Please upvote! Thanks in advance!</h1>