It’s been four months since I started mining Dash at home with my Baikal Cube 300 MH/s miner and two months since my last report. Thus, it is time for the regular bi-monthly
Home Mining Project Update: Month 4
Earnings in the past two months
In the last update from late June I reported the total earnings from my home Dash mining operation as ₿0.073 (as I have sold some of the earlier mined Dash for Bitcoin) and 3.14 DASH.
In the two months since then my Cube has mined 1.49 DASH. You see that the earnings are steadily declining over time due to the dramatic increase in mining difficulty:
- in the first month I earned 2.1 DASH
- and 1.015 DASH as well as ₿0.058 in the second month.
That is why I switched from mining purely Dash on a P2P-pool to multi-algo mining on the Mining Pool Hub with automatic conversion to Dash. I’ve been mining there for the past two weeks and have earned 0.234 DASH this way.
You can easily tell that my earnings have been halving every month since the beginning of the home mining project in late April this year. Crazy!! At the current rate I’m earning half a Dash a month and this number might fall even further, as the market is getting flooded with very powerful X11 mining hardware from multiple manufacturers.
My beautiful little Baikal Cube that goes by the name of Cubby
Total Earnings so Far
So far my Cubby has mined me 4.63 DASH in total. For comparison, my 20 MH/s cloud-mining contract with Genesis Mining has earned me 0.352 DASH in the same period of four months.
I love Dash and I want to keep supporting the network, that’s why I decided against selling my miner on eBay, but continuing to mine whatever I can for as long as I can.