[Day 34] - 50.86% 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: 0.63882455 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)
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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