November 2014 Cloud Mining Earnings : 8.3433 BTC！
November 2014 Cloud Mining Earnings : 8.3433 BTC
Our November 2014 cloud mining earnings from various cloud mining services totaled up to 8.3433 BTC.
At the current BTC/USD exchange rate of 1BTC=$375.93, we earned $3,136.50 in November 2014 from our cloud mining contracts.
November 2014 earnings of 8.3433 BTC falls in between September earnings of 7.608116 BTC and October earnings of 9.955603698 BTC.
Our November 2014 cloud mining earnings dropped slightly from October earnings of around 9.95560 BTC.
This was largely due to the fact that there were only 4 payouts for our largest earnings contributor LTCGear.com in November, as opposed to 5 in October.
(1) Litecoin GEAR (LTCGear.com) : 635.49046 LTC or 6.03715937 BTC (72.36%)
Using the BTC/LTC exchange rate of 0.0095 at the time of this writing, November 2014 cloud mining earnings from LTCGear.com converted to BTC was 6.03715937 BTC.
Hash Rate : 1,080 MH/s ('10,800 ASIC Shares' in LTCGear.com's terms)
(2) GAW Miners (Hashlet Prime) : 1.79955 BTC (21.57%)
We added an extra 49 MH/s of Hashlet Primes in November after learning about GAW's plans for Paycoin and Hashbase and The HashStaker.
Payouts for Primes are calculated with 1 PC (Paycoin) = $20, which is the official Paycoin ICO exchange rate that has been announced by GAW Miners. If Paycoin ICO fails to reach 1 PC = $20, then our payout calculations in BTC will suffer.
Hash Rate : 50 MH/s
(3) Genesis Mining : 0.40413121 BTC (6.69%)
Our Genesis Mining payouts dropped heavily from last month's earnings of 0.75743816 BTC to 0.40413121 BTC (drop of nearly 50%!), but it still continues to come in everyday.
Genesis Mining recently sold out their Altcoin Mining Contracts and are currently out of inventory.
Hash Rate : 100 MH/s
(4) GAW Miners (Zen Hashlet, Hash Pool) : 0.05928 BTC (0.71%)
Although we only own 1 MH/s of Zen Hashlets, Zen Hashlets mining Hash Pool are providing the best returns right now, even better than LTCGear.com.
However, mining at Hash Pool is scheduled to end at the end of this week. In retrospect, we should have caught this opportunity earlier and bought more (a lot more) Zen Hashlets.
Hash Rate : 1 MH/s
(5) PB Mining : 0.0431804 BTC (0.72%)
We hit 100% ROI with PB Mining in November 2014! It took 7 months to reach 100% ROI, but it's great the we have recouped all of our initial 0.5 BTC investment for 100 GH/s at PB Mining.
Hash Rate : 100 GH/s (SHA256 Cloud Mining)
Accumulated Cloud Mining Income is Now 25.90702 BTC
Our accumulated cloud mining income since September is now at 25.90702 BTC.
At 1BTC=$375.93, we've earned $9,739.23 from our cloud mining contracts in the last 3 months.
We've Spent 17.07595 BTC on Cloud Mining; ROI at 151.72%
To purchase our cloud mining contracts, we've had to spend about 17.07595 BTC between May and November 2014.
These mining contracts have led to the total cloud mining income of 25.90702 BTC between September and November 2014.
That's an ROI of about 151.72% so far, with ROI bound to improve further as existing cloud mining contracts continue to generate payouts.
Although cloud mining is generally a high-risk industry to be investing in, with carefully selected products and service providers, we believe great ROI is possible.
Here's a breakdown of our spending by service provider: