[Day 34] - 50.86% Drop in ETH Mined Rate!! - Genesis Mining Cloud Mining Review

in #chainbb-general3 years ago

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: 0.63882455 ETH as 2-7-2017

Drop in Mined rate(per MH/s): 50.86% (since first received ETH as 30-5-2017)

Previous Mined rate: 0.00042323 ETH/MH/Day
Latest Mined rate: 0.00044311 ETH/MH/Day
Daily Drop in Mined rate: 4.49% ( From 1-7-2017 to 2-7-2017 )

Summary:

Based on the projection of above data, the cost would be fully covered at 181.2 days ( ~6.04 months).
(assuming no further change to ETH price and daily mined rate)


https://www.genesis-mining.com

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Mining proceeds keep low!

Sad but true!

But still could cover my cost...!

Yeah hopefully... still much time to go

I think it's going to be tough

sure!
the mining rate just keeps dropping...!!

I am a Genesis miner as well. Eth and BTC. I am tracking for 100% profit recovering in month 10 or 11. That is fine with me as I was hoping for at least a year to recover initial investment.

I am concerned about the second year, however. I hope to have 50% ROI on Eth in year 2, and nearly 100% for BTC in year 2 (then probably dropping off to minuscule amounts. We shall see if cloud mining is profitable, however, i am convinced that Genesis is real.

yes!
I just started to receive ETH from Genesis mining.

I can only say that the return is not same as my initial expectation.

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