Bitcoin cloud mining experiment: Will I ever reach ROI ? Month 3 - the surprise !!!
Three month ago started my Bitcoin cloud mining experiment using the Hashing 24 / Miner Gate service.
Within the first month the daily income (mined amount of Bitcoins) went down from 100 % to 77.1 % and decreased further to 50,71 % in month two...
The outcome appeared to disastrous and I expected that my "lifetime" contract will get cancelled very soon.
BUT - something changed drastically as shown in the graph below:
For unknown reasons, the amount of mined Bitcoins increased from low 50,71 % to 69,93 % again!
So at the end of month 3 I earn 19,22 % more BTC per day than I did at the end of month 2.
I can only guess why this increase happened. The difficulty has not decreased so far - so it must have something to do with the recent HardFork and or the Segwit adoption.
After 3 Month I earned 33.93 % of my invested BTC back. Please note, that I do not take the recent BTC price increase into account and just the amount of earned Bitcoins are considered.
At present I cannot predict if I will ever get ROI or hopefully make a profit. Stay tuned...
If you are new to my blog and want to read about the previous months, check the links below:
As always comment, follow and vote up! I am curious about your opinions.