Altcoin Mining Profitability at Genesis Mining - Sept. 28th at 1.21% - TOTAL ROI at 15.67% After 12 Days！
Altcoin mining profitability at Genesis Mining resulted in 0.038361 BTC on Sept. 28th, 2014.
We purchased their 100MH/s Altcoin Mining Plan at 3.1801595384 BTC, so our daily return on Sept. 28th was 1.21%.
Our total earnings with Genesis Mining is now at 0.49818948 BTC, which bring our TOTAL cloud mining investment return with Genesis Mining to 15.67% in 12 days.
While 15.67% in 12 days may appear great, the pitfall of cloud mining investing is that the difficulty level is always going up and payouts are always going down. That is an ongoing trend that is not likely to disappear any time soon.
Today, we renewed our all-time-low at 1.21% daily ROI.
Just a day before, we had hit 1.27% daily ROI which was an all-time-low at the time.
If this trend continues, it won't be long before our daily return sinks to below 1%, then 0.5%, etc.
That is why we are not overly optimistic about our mining results at Genesis Mining just yet.
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