I've been mining bitcoin since November, 2016. I absolutely love the daily returns especially with the opportunity to compound and then add hashpower bonuses on top of that, and the journey has been very rewarding.
In March of this year, we added other altcoins and one of those was Ethereum. So I was wondering if it was going to be as profitable as Bitcoin. I really don't have much of a track record yet but will have real numbers to share in the next couple of months.
So instead I used the Ethereum calculator from CryptoCompare to see if I could get an idea of how profitable it could be. Our contracts cost $29.99 per MH so if you purchase, say, $150 contract that would give you 5MH of Ethereum. All fees are paid up front so you don't have to worry about power consumption or any other expenses. If you put in 5MH into the CryptoCompare calculator, using a price of $278.93 (the price at this writing), that gives you $0.6488 per day, $4.54 a week, $19.47 a month or $236.83 a year. So in essence for an investment of $150, if nothing changes in the way of pricing or other situations that might come up with Ethereum (who knows, right?), then you make 158% on your investment. You receive 100% back and make another 58% for the year.
What if we make a bigger investment...say 50MH for a cost of $1500. If you put 50MH in our calculator, with the same Ethereum value, that gives you $6.49 a day, $45.42 a week, $194.65 a month and $2,368.27 at the end of the year. Same percentages apply.
Ok, last example: What if we go big or go home...say we purchase 100MH at a cost of $2799. If we put 100MH in the calculator, with the same Ethereum value, that gives us $12.98 a day, $90.84 a week, $389.30 a month and $4736.54 at the end of the year. The percentages on this now goes up to 169%; 100% of your money back and another 69% profit.
Also, the Ethereum contracts are 2 year contracts. These numbers do not reflect any compounding or any hashpower commissions, nothing. So what if you wanted to purchase an additional $29.99 contract a week on top of all this? I'm not smart enough to figure all that, but the increase in passive income is quite large.
If I go strictly by the calculator, Ethereum looks to be more profitable than bitcoin right now if you include compounding and hashpower commissions as I've been receiving for bitcoin. I look forward to seeing how this year continues with Ethereum because it's definitely one to watch.
**We have over 400 members mining and receiving daily passive returns. Set it and leave it. It's that easy.
