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RE: 10% ROI in 17 days with Genesis mining

in #mining7 years ago

First of all you should calculate your ROI in BTC, not in USD (since your income is in BTC) - so your investment is 0.9 BTC (June 7th BTC/USD price).

With the information you gave us, it is possible to calculate your ROI, because almost all variables are known (though still they are not constant). Since you started - the Bitcoin mining difficulty increased only once in your 17 days of mining, from 678,760,110,082 to 711,697,198,174 - thats increase by 4.63% and your profit dropped 7.97% (in 2 weeks time span).

Analizing my own investments in cloud mining I can asume that 5% increase in difficulty gives 9% decrease in profit.

The bitcoin difficulty increases every 2 weeks, so using simple math your initial investment should return in 280 days (9.5 months).

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ROI = Return of investment. Investment was in USD (actually in euros). Payouts are in BTC. Besides, you never know what difficulty will exactly be in the future. It's not just like that.

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