Genesis Mining Payouts November 14th 2014 0.01447973 BTC or $5.85！TOTAL ROI 49.65% after 59 days！
Genesis Mining Payouts November 14th 2014 was 0.01447973 BTC or $5.85.
We purchased their 100 MH/s scrypt cloud mining plan for $1,499 which was 3.1801595384 BTC at the time. Based on our purchase price, our daily ROI for November 14th, 2014 was 0.46%.
Our TOTAL payouts from Genesis Mining are up to 1.5789607 BTC or $638.25. This translates to a TOTAL ROI of 49.65% after 59 days of cloud mining.
We're likely to hit 50% in ROI (more or less) tomorrow on day 60.
Reaching 50% ROI (BTC) in just 2 months is not bad, and it's a good milestone that has increased our confidence in cloud mining at Genesis Mining, but it's certainly no guarantee that we will hit 100% ROI.
At 50% ROI, with about 1.590008 BTC to go to reach 100% ROI, if today's payout of 0.01447973 BTC were to continue every day, it would still take 110 days (or nearly 4 more months) to reach 100% ROI.
In reality, difficulty levels will lead to smaller payouts, and it will take longer than 4 more months to reach 100% ROI, and the possibility of never reaching 100% ROI is still on the table.
So, while it's good to see our mining contract surpass the 50% ROI mark in 2 months at Genesis, we're not overly optimistic (nor pessimistic either) about the current situation.
To see our how our daily payouts have been trending, check out our Genesis Mining Review.