This is a status update on my adventure in Investing in Bitconnect. This is day 2, or the first day of payouts.
Without comparison: Absolutely everything is going just the way I have expected. Nothing, beyond the huge return that occurred during yesterdays rally.
With comparison: Opposed to genesis minings minimum investment opportunity, you are allowed to give them 30 dollars for a first expected repayment of 10$ in 1428 days, which is well beyond the scope of the contract anyway. An expected return on genesis mining is calculated at 83% loss not including difficulty increases over time. Ill go into these numbers further in another post. This is a much better investment than Ethereum mining on genesis-mining.com.
What I learned: The minimum bitconnect reinvest is 10$. With a minimum loan, and an average return of .8 or 80c per day, one can expect the first reinvest opportunity, in roughly 13 days.
