Sunday September 10, 2017
Total BTC mined: 0.15693339
Total BTC mined USD: $675.03 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1216.47
No new payouts today and a calm Bitcoin market has seen prices relatively unchanged from when I published my entry for Day 51. As a result ROI remained the same and overall value of BTC mined grew just $0.13. My biggest issue with Genesis Mining and any company in general is that when you make a feature promise to your customers you should stick to it or not make it at all. During my first 30 days of mining, payments were missing for a myriad of reasons and honestly given the logistics of completing daily payments, I think Genesis would be better served to go to every two days or even once a week given that most users are likely holding much smaller mining contracts than I am.
To be honest the 0.003 BTC/day mining volume isn’t going to generate a cent of loan out revenue by itself but when you compound with other mining amounts then you start to get something worthwhile. I look at Bitcoin mining as a long term proposition rather than short term, the name of the game is compounding.
In good news there haven’t been any rumors that have tanked or boosted the market. Of course that could all change in an instant but I’m hoping cooler heads continue to prevail as we map out the future of Bitcoin and cryptocurrency in general.
Today’s picture comes to us from CameliaTWU