[Day 30] - 49.43% Drop in ETH Mined Rate!! - Genesis Mining Cloud Mining Review
Hi guys, I purchased 2-year ETH mining plan from Genesis mining .
Total MH/s purchase:34 MH/s + 0.75MH/s (Free)
I input the daily mined data to keep track on Genesis Mining performance
Here is the review:
Total mined: 0.57760257 ETH as 28-6-2017
Drop in Mined rate(per MH/s): 49.43% (since first received ETH as 30-5-2017)
Previous Mined rate: 0.00043554 ETH/MH/Day
Latest Mined rate: 0.00046436 ETH/MH/Day
Daily Drop in Mined rate: 6.2% ( From 27-6-2017 to 28-6-2017 )
Summary:
Based on the projection of above data, the cost would be fully covered at 157 days ( ~5.23 months).
(assuming no further change to ETH price and daily mined rate)
I can't calculate the return rate as ETH mined goes down everyday.
Same as me! I can't see a clear breakeven point. With the grow of difficulty and network hash rate, I am quite sure the expected breakeven day will be longer than 8 month in splits of my projection of months. That's suck.
My projected earnings from ETH mining I have dropped 50% too in a month.
It is clearly due to the increasing amount of mining😭😭. We can stop it, damn it!
I just send them an email, i'm experiencing the same thing. I'm on 300mh/s contract. My daily payout went from an average of 0.170 ETH daily to a 0.130 ETH in the past 3 weeks for the same hashpower.
300MH/S is not a small contract. You do make a large investment in cloud mining. Do you join other coin cloud mining?
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Its going down every week at fast rate.
I didnlt expect to drop that quick. Damn it!
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