Good Morning Steemians,
So today i got a payout of 0.00132692 DASH which is a way higher than yesterday's 0.00055449 DASH but that's because Genesis Mining stores your coins until they reach the threashold of 0.001 DASH meaning that my payout for today is 0.00132692-0.00055449=0.00077243 DASH
Yesterday's DASH price is $164 and Difficulty of 373k, The current DASH price is $171 and Difficulty of 278k so $171/$164=%4 and 373k/278k= -%34.
So far my total investment was $29.1 at the time of purchasing the contract the equivalent of 0.172 DASH and i got 0.00132692/0.172 DASH which is %0.7, meaning that with the current DASH's $171 i made 0.00132692*$171=$0.22/$29.1=%0.7 :)
You might be wondering why i'm keeping track in both DASH and USD it's because to find out (after the ROI) wether it was better to hold or mine DASH with a %29 average monthly difficulty increase (calculated that in the first post) since i'm not going to sell until DASH hits $327 :)
So best of luck with your mining and Have A Good Day :)
How are you going with Genesis mining? My friend and I were talking about this recently and wondered if it's worth it. the -34% doesn't look great and the .007% isn't particularly compelling. Do you think it would be better to buy a mining rig and do it yourself?
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Ohh Sorry My Bad It's Not %0.007 It's %0.7 :)
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Thanks for your reply, The -%34 is the difficulty decrease which is a good sign and the %0.7 is just my total return on this day (the 2nd day).
But i did some decent calculations on my previous post and i saw how i can make profit here :
https://steemit.com/money/@steemian69/purchasing-dash-x11-mining-contracts-roi-calculation-included
And i'm not planning to sell any DASH until next year (at least for $327) after evolution gets activated :)
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Let's see LTC contract on GM: 28 USD for 2Mh/s w/o maintenance fee. The CryptoCompare calculator gives 5.83$ per month. Is it better than DASH? :)
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Usually It's Hard Predict Which One Is Better Between 2 year contracts (DASH, LTC, XMR) Because It All Depends On How The Market Reacts And The Difficulty Will Always Follow The Direction Of The Price, So Usually I Would Choose The Most Stable Coin (Difficulty And Price Wise) :)
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Hey.. Very informative post. I wanted to ask if you knew how different mining contracts on Genesis mining worked? I mean if I bought a 10TH/s btc open end contract and put that on 100% Dash (Auto) how does that work? What sort of hash rate would I get for Dash (Auto)?
Thanks and great post!
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When You Allocate Your 10TH/s sha256 To Mine Dash You Will Still Be Mining BTC But The Only Diffrence Is That You'll Get The Payout In DASH :), But Just Because The BTC Contract Is A Lifetime Contract Doesn't Mean It's More Profitable :p
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This post received a 3.8% upvote from @randowhale thanks to @steemian69! For more information, click here!
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