Hello everyone, it’s time for the regular
Home Mining Project Update: Month 2
It’s been two months since I started mining on my new Baikal Cube 300 MH/s and it’s already paid more than half its price. More details below.
This second month of my Dash Home Mining Experiment I have been focusing mostly on mining just Dash. However, for about 10 days or so, I was mining MUE and then selling it on Bittrex for Bitcoin, every time MUE’s price spiked. Which, luckily for me, happened quite a few times this past month. All in all I have mined 1560 MUE and sold it for ₿0.058. The rest of my mining earnings were in Dash, namely 1.015 DASH.
All in all, in two months since I started mining on Cube, my total earnings so far have totalled at:
- ₿0.073 (as I have sold some of the earlier mined Dash for Bitcoin),
- 3.14 DASH.
Considering today’s price of BItcoin and Dash, I have already made two-thirds of my original investment in Cube, in Swedish crowns (SEK). However, as I paid for the miner in Bitcoin, it’ll take a while longer to recover the equivalent of the original Bitcoin investment. Still, I’m very happy with this crafty little miner!
And a few quick words on the state of my Bitcoin Home Mining Experiment: as the air temperatures in Sweden had hit 20˚C / 70˚F, the Spondoolies SP30 miner became too hot to keep running even at half capacity (with only one power cord plugged into the PSU). So I decided that my old trusty ‘Yukon’ should take a summer break and I temporarily retired it from the mining operation – until the cold weather returns in September or October. Up until now it has earned me ₿0.4769, which constitutes 86.7% of the price I paid for it. Not bad!
As always, all your questions, suggestions and comments are very much appreciated! Leave them below and I’ll get back to you asap.
