Cloud Mining Earnings September 2014
Our cloud mining earnings for September 2014 were as follows:
ASIC 1K6X Anniversary (4 sets ordered)
(2) Genesis Mining (Account 2) - 0.61658254 BTC
(3) PB Mining - 0.04901237 BTC
Sept. 7th - 0.013145 BTC
Sept. 14th - 0.01276374 BTC
(4) Genesis Mining (Account 1) - 0.02585773 BTC
(5) GAW Miners - 0.00404459 BTC
1MH/s Hashlet Solo CleverHashlet
(6) GAW Miners - 0.00630642 BTC
15MH/s Hashlet Solo MultiHashlet
TOTAL ((1)-(6)) Earnings for September 2014 - 7.608116 BTC
Our total earning from cloud mining contracts for September was 7.608116 BTC.
As of Sept. 30th, 2014, at 1BTC=$377, our earnings translated to about $2,868, but today, at 1BTC=$325 as of this writing, our September earnings would be around $2,472.
While the recent drop in Bitcoin price was significant as it momentarily broke the $300 mark, hitting an all-time-low for 2014, we're not too concerned as we believe bitcoin's value will rise over the long run.
We had cloud mining earnings from 6 different products and 4 different companies, but nearly 91% of earnings came from Litecoin GEAR alone, and roughly 8% was with Genesis Mining's Account 2.
Our cloud mining income breakdown looks like this with companies less than 1% of overall earnings omitted:
It's apparent that we're too focused with too few services!
Diversification is obviously our next agenda, and we are reviewing our current cloud mining contracts as well as new ones to reinvest in and diversify our portfolio.
Litecoin GEAR is the best performing mining contract among all the companies we have tested, already yielding 148.59% ROI (LTC) in 1.5 months, but no matter how good the results, it's important not to have all of our eggs in one basket!