[Day 39] - Steady 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: 0.71214491 ETH as 7-7-2017

Drop in Mined rate(per MH/s): 52.01% (since first received ETH as 30-5-2017)

Previous Mined rate: 0.00041334 ETH/MH/Day
Latest Mined rate: 0.00042377 ETH/MH/Day
Daily Drop in Mined rate: 2.46% ( From 6-7-2017 to 7-7-2017 )


Based on the projection of above data, the cost would be fully covered at 212.4 days ( ~7.08 months).
(assuming no further change to ETH price and daily mined rate)



The mining proceed is dropping as the difficulty go up. Expect more drops in the future as more miners joining to mine. 7 months to break even is not so long but it is just an estimated value. Finger crossed for the outcome and revenue! Hope the dro

thanks @othmanesl !

really great post thanks a lot for sharing and keep on posting ;)

This post gets a 0.04 % upvote thanks to @stay9n0 - Hail Eris !