[Day 18] - Genesis Mining Cloud Mining Review - ETH

in #chainbb-general8 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: 0.37391442 ETH as 16-6-2017
Drop in Mined rate(per MH/s): 35.25% (since first received ETH as 30-5-2017)

Previous Mined rate: 0.00055769 ETH/MH/Day
Latest Mined rate: 0.00057042 ETH/MH/Day
Daily Drop in Mined rate: 2.23% ( From 15-6-2017 to 16-6-2017 )

The difficulty continues rising.🤢

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Thank you for your information, the excel is very nicely designs, thanks. Yes i agree the difficulty continues rising causing us to suffer in future. As to me i will prefer a stable price and accumulate as many eth as possible. Now it is like giving us a candy first and suffer later :(

Thank!!@wilkinshui!
I guess we are in the same boat.
We can do nothing right now.

What we can do is to wait and to hope the price of ETH can continuously going up.

Anyway, ETH is the digital coin that have the brightest future. Let's pray.

the mining proceeds keep dropping!

yes!

the network hashrate is increasing in contrast.
I think mining BTC may provide more steady mine rate per day.

more and more gpu kicking into the mining competition (like GTX1060)
expect more droppage of mining income

Thats why I m saying that cloudmining is a risky investment. If you build a rig and difficulty rises above profitability at least you have a computer to sell.

Agree!

But no turn back for me T_T...

Good luck to your mining friend.

yup~but really not suggest to join ETH mining.
the difficulty is going up too quick.

Dang, thanks for the advice. I'm looking into mining cryptocurrency. Still got to do my research.

I feel ya there man, everyone is mining because ETH spiked up quick so it's killing the difficulty and folks like us are seeing it. Love the post btw, good to see it diagrammed out!