It is day 38 on my 10mh ETH clouding mining (investment: USD 291), as the difficulty continues to increase, the unit per day remains unchanged from 0.0042 to 0.0042.
Beware: If you want to invest your own mining rig now, ensure you calculate your cost carefully, with ETH drops to 200+ level, the breakeven period to invest a 6 mining rig would be around 7.7 months!
With the ETH price bounce back at 200+, eth/day has decreased again (from 0.0087 to 0.0042- A 52% decreases in eth / day!!)
Finger cross that it will still time for me to break even and at least to get some return back after the contract ends.
For the current projection, I make
19.99% return for capital.
breakeven period is around 6.3 months
This assumes:
the price remains unchanged
difficulty remains the same
Therefore the projection is likely to be overestimated but good that the contract is for 2 years and therefore still plenty of time to make up.
Thanks again for the update. Six months to breakeven still looking good for now! Hope this continues and mining proceeds keep stable at this level. A rise on eth price would be nice too! Staying tuned and looking forward to your
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Nice update thanks!
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@steamant
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