Monday September 11, 2017
Total BTC mined: 0.16042596
Total BTC mined USD: $683.57 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1207.93
Overall Bitcoin mined passed 36% ROI and 0.16 BTC with payments appearing to go back to the normal schedule. Unfortunately the price of Bitcoin dropped another $60 from yesterday so overall gains have been muted yet again. We’ve been stuck in the $600 range for the last 12 days even with consistent mining and by comparison we were only in the $500 range for 3 days as it was in the midst of the pricing run up that same BTC jump way up.
It’s been more than a week since BTC shot up past $5000 only to fall back nearly 20% and while bulls may not be happy with the current climate, I’m relieved because I think the price stagnation gives BTC a chance to catch up to its gains as it was growing far faster than what I believe real demand was dictating.
Genesis Mining is still sold out of Bitcoin contracts and is currently only taking buys for Ethereum and Monero. It’s a little bit frustrating that I go through the effort of writing a day to day Bitcoin Mining blog only to find the company I’m trying to earn a little coin through doesn’t even sell BTC contracts at the moment.
Oh well, let’s be thankful with everything bad happening in the world that we have clean air to breathe and free thoughts to think.
Today’s picture comes to us from Darwin Bell