Genesis Mining Journey - Day 30 (Purchased 500MH/s Dash x11) - profits

in cryptocurrency •  7 years ago 


It is now day 30 with the cloud mining and these are the results for "500MH/s Dash x11" on Genesis Mining.

Currently made in the first 30 days of mining
(split allocations - changed from 50% BTC, 25% LTC, 25% Dash to 50% BTC, 50% Dash):

Litecoin LTC = 0.93522116 = $43.25 USD
Bitcoin BTC = 0.05770404 = $231.95 USD
DASH = 0.59276467 = $116.08 USD

Total = $391.28 USD / 30 days = $13.04 per day average

Note: above prices based on market @ 14/08/2017

The following is totally dependant on crypto currency fluctuations and dash mining difficulty:

1st year estimation = $13.04 x 365 = $4,759.60
2nd year estimation = $13.04 x 365 = $4,759.60

Total over 2 year contract = $9,519.20

Potential profit = $9,519.20 - $2,182.50 = $7,336.70 USD

I am pretty impressed with my cloud mining investment :) Seems to be increasing in value due to crypto prices going up.

Will post another update as time progresses to see how much this estimation will change :)

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7 years ago by

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      ·  7 years ago 

    Good investment but there is no way your return will be the same over the 2 years time... the difficulty in Ethereum double in just 40 days.... not saying it will be always like that but I think you will make 10-20% premium and maybe big win only if the cryptos keep raising 10x year over year...

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        ·  7 years ago 

      Good point but if the price keeps increasing... This will help improve the situation.

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          ·  7 years ago 

        It's true, my last 2 payouts are exactly the same value and that is exactly because ETH values increased. But considering in the last 2-3 months the value decreased I think we will see more than once a similar situation in the next 2 years. In theory you are 100% correct, but with the growth in the market we are seeing I do not think it will happen.... Anyway we will make money from mining so we are just trying to figure out how much XD

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