Genesis mining day 49 - stable

It is day 49 on my 10mh ETH clouding mining (investment: USD 291), as the difficulty continues to increase, the unit per day has remain unchanged at 0.0036.

Beware: If you want to invest your own mining rig now, ensure you calculate your cost carefully, with ETH drops to 100+ level, the breakeven period to invest a 6 mining rig would be around 18 months!

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With the ETH price bounce back at 100+, eth/day has decreased again (from 0.0087 to 0.0036- A 59% decreases in eth / day!!)

Finger cross that it will still time for me to break even and at least to get some return back after the contract ends.

For the current projection, I make

14.24% return for capital.

breakeven period is around 11.5 months

This assumes:

the price remains unchanged
difficulty remains the same

Therefore the projection is likely to be overestimated but good that the contract is for 2 years and therefore still plenty of time to make up.

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