If there is someone who wants already running 225H/s Genesis-mining.com contract (End date: 2017-11-28), I want to resell it for the same price (BTC payment only). The price is 7800 USD, about 10.7586 BTC for now. After payment, I’ll change payment address and email address to yours immediately. So you can receive daily payments since today.
If you are interested, please feel free to send me a private message.
You won’t find a buyer at this price. With current miners optimizations, you can get 180 H/s with a run-of-the-mill rig that costs 2~3k to build, and you get to keep the hardware after 13 months. I offer you 2.6k.
Rented servers will give you 180sol/s as for 4k$ with monthly commitment, instead of annual one, which you can cancel if something will go wrong. It totally doesn’t cost 7800$.
As everyone keeps repeating over and over again, never invest in crypto what you can’t afford to lose. You made a bad deal by buying a contract at 3x the price on a totally experimental currency for which mining cost was a near unknown until the day of launch, now you are faced with two options: keep it and hope that zcash price will go high enough to allow you to recoup some of the loss. Or sell it now if you don’t want to take the risk that further miner optimization will decrease further the market value and profitability of your contract. It’s really up to you. Either way, I would advise to start rationalizing the fact that you will probably not get back you 7.5k without speculating on zcash.
Thank you for your advice. At the same time, I’ll keep trying to contact the Genesis-mining.com staff for full refund until I can find a good buyer… Actually I have the right to cancel my contracts under the German law, and if they will keep ignoring or refusing it, it’s completely illegal. So I’ll also try to contact German lawyer and government to force them to refund.
@emmettoc Recently some of cloud miners are paying about 0.45BTC/kSol/Day. It’s more than doubled than your price. So I think you have a change to find a buyer.
German law wont help you since they are located in the USA and this was a speculated purchase and those you can’t ask for refunds when they turn out to not be profitable.
If there was a law like that then the New York Stock Exchange or Forex markets wouldn’t exist because people would just complain to their broker of their loses and get a full refund.
You basically can’t do that. Maybe you could of gotten a refund before launch but not after.