DMD Diamond Cloud Mining And ROI - My Experience And Payouts
(Disclaimer: I am NOT a financial genius, I am NOT a cryptocurrency expert and I am NOT responsible for any financial decisions made by you, dear reader, should you decide to invest in anything based on the comments you read here)
DMD has always been a cool crypto in my eyes since I discovered it in 2015. I had my eye on lots of cryptos back then, but this one struck my interest due to its rarity and the POS mining feature. I always have been big on making my money work for me, so POS mining is definitely in my wheelhouse.
On July 9, 2017, I created a new DMD wallet solely for the purpose of collecting mining rewards. I bought BTC, sent them to my DMD cloud mining BTC address and waited for the payouts. Here are the hard numbers from that endeavor:
7/9/17: Invested - $300.69 / DMD earned - 0.728030388 / USD earned - $2.17
7/11/17: Invested - $0 / DMD earned - 2.12632767 / USD earned - $6.35
7/13/17: Invested - $0 / DMD earned - 1.93944406 / USD earned - $5.78
7/16/17: Invested - $2476.68 / DMD earned - 43.358868 / USD earned - $129.35
7/17/17: Invested - $0 / DMD earned - 16.8804733 / USD earned - $50.38
7/19/17: Invested - $502.44 / DMD earned - 16.8632246 / USD earned - $50.32
***Update: 7/22/17: Invested - $0 / DMD earned - 20.215864 / USD earned - $56.59
7/23/17: Invested - $0 / DMD earned - 20.243399 / USD earned - $60.71**
As you can see, payouts are pretty sweet, but it is challenging to figure out when they will happen and how much they will pay. After contacting support and speaking with a really nice guy named Helmut (who is the CVO there), I found out that payouts can happen every day, every other day or every two days. He also said that we get bonus payouts once or twice a month (extra bonus!).
There is no way I give you an accurate payout schedule and amount for DMD cloud mining, but hopefully this will help demystify it a bit.
Excellent write!
Hmm, first time i have heard about DMD, will have to take a look into it.
It's a neat thing, DMD. Its rarity is a big seller for me. Plus, its inherent purpose is quite nice. It's definitely worth looking into for sure ;)
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STOPGood
how to get shares tho? I did sent BTC to address and I have balance when i go to MINING STATS, but no cloud mining there. I did ticked to convert to shares. so what I did wrong?
Do you have an update on the amounts earned? This is pretty interesting. I just started with $50 today myself :)
How far with your update I want to invest $50 too
If anyone is interested @Btcpopco has pooled staking for DMD (if you’re not tech savvy like me)