Cloud Mining Earnings

Cryptocurrency Cloud Mining at Genesis on Day 44 - Daily ROI 0.58%, TOTAL ROI 41.49%!

Cryptocurrency Cloud Mining

Cryptocurrency cloud mining at Genesis Mining on Oct. 30th, 2014 yielded 0.01853225 BTC.

Our 100 MH/s cloud mining contract was purchased for 3.1801595384 BTC, so our daily ROI was 0.58%.

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Our TOTAL earnings from the current contract is now at 1.31957676 BTC, which is a TOTAL ROI of 41.49% in 44 days.

Cryptocurrency Cloud Mining

We like to measure our ROI (return-on-investment) in Bitcoins because we're long on Bitcoins, and we want to see whether cloud mining services are a good means to increase our holdings in Bitcoins.

If we measure ROI in USD, then the fluctuation in Bitcoin prices will become a big factor in the equation, and we could easily enter a situation where 100% ROI in USD is achieved with the price appreciation in Bitcoins though we could have been better off just buying Bitcoins at an exchange and holding on to them.

That being said, our TOTAL earnings from Genesis Mining is at $456.27, and since the cost of 100 MH/s was $1,499, our TOTAL ROI in USD today is 30.44%, lower than our 41.49% ROI measured in BTC.

 

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-Cloud Mining Earnings
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