Bitcoin Mining Profitability Payouts & Review - Updated 29 April 2018

Hi Guys! I'm back from a long break. Last time I updated bitcoin mining profitability on Genesis Mining Cloud Contract on 24 October 2017. You can check my blog for that profitability for that particular time. Since then, a lot of thing changed in last 5 months. More miner joined mining and difficulty level increased very much.

Here's the current screenshot of my mining profitability from 20TH of Cloud contract offered by Genesis Mining.

Genesis Cloud Mining.png

You can see that, it's currently paying me after every 5-6 days. And so far In terms of USD, I earned about $7280. When I purchased the contract it was worth $2400. So, yes I've managed to get profit 2 times of my investment. But that rate was calculated on daily basis. I didn't sold the bitcoin when it was $19000. So, I haven't made exactly $7280 profit.

When I bought the contract, bitcoin's rate was around $4000 and now it's at $9000. But in total I got around 50% bitcoin. So, currently I'm sitting at breakeven in terms of bitcoin's investment.

Genesis Daily Payout .png

Here's the daily payout amount from 20TH of mining. It's currently giving approx 0.00064165 BTC. which is $5.77 per day profit. So, it's not that bad.

So, I'm quite happy with the return and yes let me know your story of bitcoin mining profitability. :)

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