Genesis Mining Launches New Dash Cloud Mining Offers For Customers
The second half of 2018 was very difficult for cryptocurrency miners as a whole. It became increasingly difficult for them to operate in the space with falling crypto prices. Indeed, companies that offered cloud services such as Genesis Mining, have also suffered the crypto bear trend. However, things seem to be getting back on track for these firms.
Genesis Mining Offers Dash Cloud Mining
Genesis mining is now offering DASH (X11) cloud mining at prices that seem to be reasonable and also profitable with the current market conditions. According to Cryptomining Blog, the cloud mining contracts are with 2 years term and it costs $0.00001 USD per MH/s per day maintenance fee. If we take into account the current market difficulty and the price of Dash, it is possible to see that users will be getting their investment back in about a year.
As per the Cryptomining Blog, it would be interesting to see other options to mine X11 cryptocurrencies. The hash rate that users can now purchase is only available for DASH mining. Nonetheless, it is possible for users to switch to other digital currencies that are not X11.
Users can mine DASH and sell the rewards for Bitcoin (BTC), Litecoin (LTC), DOGE, Monero (XMR), Zcash (ZEC) or Bitcoin Gold (BTG).
Back in December 2018, when the market dropped to its lowest point in more than a year. At that time, many digital assets became not profitable for miners to keep securing. This is why the hash rate in several digital assets dropped substantially. According to BitInfoCharts, Dash has also been hit by the bear trend that affected the whole crypto market.
Now, Dash’s hash rate has reached the highest point since November 2018, before the massive crash.
At the time of writing this article, Dash is the 13th largest digital currency in the market. It has a market capitalization of $1 billion and each Dash coin can be purchased for $114.72.