GENESIS MINING WEEK 9 DASH X11 STATS - %13 ROI :)
Good Morning Fellow Steemians,
Last week's DASH price is $353 with a difficulty of 969k, The current DASH price is $299 with a difficulty of 1148k.
A total increase of 1148k/969k=%18 in difficulty and a total decrease of $353/$299=%18 in price !!!
So far my total investment was $58.1 at the time of purchasing the contract the equivalent of 0.317 DASH and i got 0.04235064/0.317 DASH which is %13.3 of my investment, meaning that with the current DASH price of $299 i made 0.04235064*$299=$12.66/$58.1=%21.7 :)
You might be wondering why i'm keeping track in both DASH and USD it's because to find out (after the ROI) wether it was better to hold or mine DASH with a %29 average monthly difficulty increase (calculated that in the first post) since i'm not going to sell until DASH hits $327 :)
So Best Of Luck With Your Mining, Resteem This Post If You Know Somebody Who Still Thinks Genesis Mining Is A Scam And Have A Good Day :)
The price of Dash will soon be around $400. Once the market finishes its correction, it will go back there. Based on such price, your ROI will be around 29%.
What I would worry about is the difficulty. It is increasing so fast. Dash's difficulty never increased with this rate. If it continues to increase like this, your payouts will continue to decrease.
Yes, the difficulty rises like crazy! But it's because it's so profitable.
1- It used to be so profitable. Now it is not. :(
2- I believe the diff. is caused by asics. We did not have Dash Asics before, and now they are produced and run in mining projects.
Dash Asics Has Been Out Since The First Time The X11 Algorithm Got Introduced, I Think It's Just Rising Because Of The Increasing Price :)
Yes, I know, but they were out of stock for a long time, and suddenly they got available with very high hash rates.
I mean with a Baikalminer it's really profitable!
Thank you @goodmindset. I had not heard of Baikal miners. They did not post the price of their miner on their website. Do you know how much it costs?
Yeah they are mostly sold out. I talked with them once and they wanted to sell me one for 2'700 USD. So they have really high prices
because of the huge amount of requests. Becuase those miners need just a small amount of energy.
Update:
I have just talked with a miner friend and asked him about the Baikalminer. He told me that Bitmain’s Antminer D3 is much more powerful than Baikal's. Check it out.
Hmmm I will check it out. Thank you!
never sell your DASH.. !!! ;)
Exactly, It's An Extremely High Tech Coin Which I Won't Be Surprised If It Competes With Bitcoin And Ethereum In The Next Few Years :)
yeah right, it is a coin that has already proven itself !
it does not take any more years i think :)
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