It took me a while to decide whether or not I should invest in Genesis mining. The primary debate for me was whether I should purchase mining contracts or simply buy currency with my funds.
When I looked at buying currency, it seemed to me that I was locking my price in at the current market value, i.e. paying full price. My ability to profit was fully dependent upon the price that I bought in at, and the potential for an increase in the coins price by the time I sold. Simply put, If I bought a coin at $100, that coin would have to increase to $200 for me to realize a 100% profit on my investment. If I bought the coin when the coin price was pumped, I'd be risking a smaller return due to a correction in the price. Similarly, if I bought on a dip, I'd be seeing an increase in my profits. That felt a lot like market timing to me, something I'm terrible at.
Genesis mining on the other hand, offered me an opportunity to buy coins at a greatly discounted price. When I took into account the contract price, mining difficulty level, hash rate purchased, and coin price, I realized I was actually buying the currency on sale. Using the calculators over at coinwarz.com I calculated how much profit I could potentially earn for the various mining contracts. By far, the most profit potential was in the Genesis mining contracts. Assuming no change in coin price, I calculated a 400% profit after 2 years. Other coins, like Monero, Ethereum and Bitcoin didn't even come close, typically offering a more pedestrian 100% profit (which, if you earned trading stocks, would be amazing). When I thought about it, I had the opportunity to purchase Dash at 25% of current market price, and lock in my price in for 2 years. And if the price were to double over 2 years, I'd be making > 800% on my investment.
To me, the decision was simple. I never buy anything at full price, and when something is selling at 75% off, I back the truck up and buy out the store. The biggest risk to all of this was that pesky mining difficulty. As the mining difficulty goes up, the hash rate goes down, and I knew that with the rising popularity of Dash, and folks like @craig-grant selling the benefits of Genesis Mining to his audience, the mining difficulty was sure to go up. So this is where I took a calculated risk, I made the assumption that the raising price of the currency over time would match the raising difficulty at the same rate, and I should still make a 400% profit. Even under the most conservative estimates, where difficulty went up and the coin price dropped, it seemed highly unlikely for me to lose money taking this approach.
So, how have I done? Well, it's been 55 days since I bought my contracts, and in that time, I have recovered 41% of my initial investment through payouts. Both coin price and difficulty have gone up, and so far, I was right, they have gone up roughly at the same rate and I still estimate a 400% return on my investment. And every day I get a small thrill as I see yet another payout from Genesis mining. I have made one modification however. I have sold half the Dash that I've mined and diversified into Bitcoin and Ethereum. I see this as a hedge, protecting whatever amount I have mined against a decrease in the price of Dash. I admit, I still worry about difficulty level outpacing price, but as I march closer and closer to recovering 100% of my initial investment, that anxiety decreases. And once I reach that point, it's all gravy baby.