My 150th day with Genesis Mining.

Many have posted similar, but I figure I'll chip in my after thought since I have dipped my finger in a little.
To be correct is actually 149th day, rounding up seems nicer for a subject title.

The result summarize in the snapshot from my spreadsheet.

My first contract was USD72.75 (incl 3% discount) for 0.5TH/s (500GH/s). I have ROI in USD quite early ever since BTC price soared.
I have added new mining power from 0.5 to 1.5TH/s with the early bird offered by GM early September and that ultimately increased my initial capital to a total of USD 218.25

Payout as of today Nov 3, 2017 stood at 0.01626084BTC.
If I want to recover my capital in BTC, I'm still a long 72.35% to go.
I did not buy the mining contracts with bitcoin, therefore I only can estimate with an exchange BTC opening price such as Kraken or HitBTC.

With the new hash power, I'll ROI approximately 106 days, assuming the rest of the variables remain constant. In reality, these variables won't.

Variables are BTC/USD price volatility and bitcoin mining difficulty adjustment.

At the bottom of the spreadsheet shows that if I had not bought those mining contracts and instead outright purchase bitcoins. My holding would have doubled as of now with USD 215.78 in pure appreciation.

The weakness of cloud mining is payout get lesser as time passes due to mining difficult increases and block reward halving. An unavoidable inherent characteristics of Bitcoin protocol.
The only way to maintain payout level is to buy more contracts which ultimately extending the ROI duration and increasing difficulty as well. A vicious cycle to gobble up energy to secure Bitcoin network with P.o.W.

Should one mine or just buy?
Age old question which I dare not answer on behalf of yourself. For me, mining is still viable since is lifetime contract by GM. At current mining difficulty vs market price is still quite profitable to mine.

Unless price drops below USD1620 for 60TH/s or USD1700 for 1.5TH/s, mining will be at loss. For GM contracts, will only terminate after suffering consecutive 61 days loss.

On a positive note, if after 106 days if I have recuperate the BTC spent on the contracts, mining will still continue with lesser payout but it is still pure profit in bitcoin.

If you decide to sign up cloud mine with Genesis Mining and want to support me, do consider to use my affiliate code MKFHtQ for 3% discount or click on the signup link

Thanks reading.