Cloud Mining Earnings

Hashlet Genesis Payout After 28 Days!

2014/11/10

Hashlet Genesis Payout Review

Hashlet Genesis Payout

While putting together our Bitmain's Hashnest Review, we realized that we hadn't reported how our Hashlet Genesis was going in a dedicated post, so here it is.

 

Hashlet Genesis Daily ROI is 0.29-0.38%

We purchased 10 GH/s of SHA256 Hash Power with Hashlet Genesis on October 9th, 2014, so nearly 1 month ago, or 28 days ago to be precise.

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Hashlet Genesis is priced at $6.95 for 10 GH/s now, but when we bought them they were $7.95/10GH/s.

Hashlet Genesis Payout

Using Bitstamp's price of 1BTC=$364.01, our Hashlet Genesis contract would have cost us about 0.02184 BTC.  Although we actually paid for our Hashlet Genesis contract in dollars, we prefer to calculate ROI based on our hypothetical BTC purchase price because we want to see how puchasing a cloud mining contract performed compared to buying directly from an exchange.

So far, our most recent Hashlet Genesis earnings (after maintenance fees were deducted) and daily ROI based on our hypothetical purchase price of 0.02184 BTC is as follows:

Hashlet Genesis Earnings (After Maintenance Fees) and Daily ROI

Nov. 5th : 0.00006306 BTC (0.29% daily ROI)

Nov. 4th : 0.00007863 BTC (0.36% daily ROI)

Nov. 3rd : 0.00008058 BTC (0.37% daily ROI)

Nov. 2nd : 0.00007257 BTC (0.33% daily ROI)

Nov. 1st : 0.00008166 BTC (0.38% daily ROI)

 

Our TOTAL Hashlet Genesis ROI is 10.91% After 28 Days

Hashlet Genesis Payout

Our TOTAL payout earnings from the current Hashlet Genesis contract is 0.00238236 BTC.  This is a TOTAL ROI of 10.91%.

The question is how good is 10.91% after 28 days of cloud mining?

If we look at all cloud mining services, scrypt and SHA256, we have seen results like

-31.25% TOTAL ROI on Day 28 with Genesis Mining (scrypt cloud mining)

-24.00% TOTAL ROI on Week 4 (approx. 28 days) with PB Mining (SHA256)

-104.3% TOTAL ROI (LTC) after 4 Weeks and 2 Days with Litecoin GEAR (scrypt cloud mining)

so 10.91% TOTAL ROI after 28 days with Hashlet Genesis is not particularly appealing.

At 10.91% TOTAL ROI after 28 days, the likelihood of seeing 100% ROI is low.

 

Buying From Hash Market Will Get You the Highest ROI (as of today)

That being said, trying out the Hash Market could raise daily ROI for Hashlet Genesis.

Hashlet Genesis Payout

Currently, the lowest price for Hashlet Genesis on Hash Market is $5.1 for 10 GH/s.  With 5% transaction fee added, $5.36 for 10 GH/s at 1BTC=$340.11 translates to about 0.01576 BTC.  Using this BTC purchase price,

Hashlet Genesis Earnings (After Maintenance Fees, with Hash Market purchase price) and Daily ROI

Nov. 5th : 0.00006306 BTC (0.40% daily ROI)

Nov. 4th : 0.00007863 BTC (0.50% daily ROI)

Nov. 3rd : 0.00008058 BTC (0.51% daily ROI)

Nov. 2nd : 0.00007257 BTC (0.46% daily ROI)

Nov. 1st : 0.00008166 BTC (0.52% daily ROI)

ROI numbers look much better!

So, if you are considering to purchase Hashlet Genesis, purchasing them via Hash Market instead of buying direct from GAW would be the best way to go.

 

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-Cloud Mining Earnings
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