Genesis Mining Journey - Day 30 (Purchased 500MH/s Dash x11) - profits
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 :)
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...
Good point but if the price keeps increasing... This will help improve the situation.
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