Bitcoin and Genesis Mining ROI – September & October Update

Cloud Mining on Genesis

Cloud Mining Malaysia

Apologies for the delayed update everyone. Last I checked, Genesis has been back to their daily payout schedule. Currently, I’m mining Dash, Bitcoins and Ether. All other alt coins’ mining power has been utilised to mine Bitcoins.

Genesis Mining Allocation
Genesis Mining Allocation

I cry every night on the missed opportunity when Bitcoins were selling at the $3,300 to $3,500 range. As most of you would know, it is at $6,000 now.

That being said, mining it has been reaping my huge returns.

Return on Investment (ROI)

Exodus Bitcoin Portfolio Malaysia

Before you get all excited, the returns are not 100% from mining, a portion of it is mined personally by yours truly. I make use of the hardware from my office and just let the program run in the background.

My daily estimated earnings hover around the $1 per hour range. It’s a slow climb.

Dash Mining Contracts – ROI 86.5%

I started investing in Dash contracts back in July which cost USD93.20. 3 months later today, my Dash mining ROI has dropped to 86.5% p.a. I’d attribute the drop in ROI to the fall in Dash prices. Still, 86.5% in returns is still very, very substantial.

 

Bitcoin Mining Contracts

Ok, so I’ve messed up with Bitcoins here. It’s getting difficult for me to track what portion of my returns are from Genesis’ open-ended Bitcoin mining contracts and which are from my own personal mining. But the returns are definitely HUGE because of Bitcoin’s increase in value. I estimate that about 30% of the Bitcoins in my portfolio are mined personally.

 

NiceHash Miner

The program I use to mine personally is called NiceHash. It is free to use and eats up your PC’s GPU which in turn consumes your electricity. The interface is very user-friendly and if you’ve got a spare PC lying around at home, play around with it. But be aware of the spike in your TNB bill (Disclosure – I own TNB shares XD).

 

End.

So there you have it, between my Genesis mining contracts and personal mining skills, I’ve more than paid for my initial investment in Dash contracts. It’ll be pure profits from here on out. Although at my company’s expense in electricity. 

If you’re planning to purchase mining contracts on Genesis, please go ahead and key in the following code: KT7r1S which gives you a 3% discount on your purchase.

I’d also like to sincerely thank everyone again that has been using my referral code. I’ve received many many additional hashpower thanks to you.

Onwards and upwards!

Dividend Income – September 2017

Dividend Income

I received a total of RM1,136.30 in dividend income for the month of September.

That’s a 3.1% decrease compared to the same month last year where I received RM1,172.15 in dividends.

The decrease was mainly due to a few companies giving out their dividends earlier which I placed into the August group.

September 2017’s dividend income was made up of a total of 6 different companies – Sunway REIT, Nestle, Scicom, IGB Corp, Sunway Construction and Homeritz.

 

Sunway REIT

Sunway REIT September 2017 Dividend
Sunway REIT September 2017 Dividend

This Month’s Dividends – RM289

Total 2017 Dividends – RM872.85

Dividend Yield – 4.40%

Weight – 5.59% of the Freedom Fund

 

Nestle Berhad

Nestle September 2017 Dividend
Nestle September 2017 Dividend

 

This Month’s Dividends – RM140

Total 2017 Dividends – RM400

Dividend Yield – 2.99%

Weight – 3.94% of the Freedom Fund

 

Scicom Berhad

Scicom September 2017 Dividend
Scicom September 2017 Dividend

 

This Month’s Dividends – RM252

Total 2017 Dividends – RM588

Dividend Yield – 3.37%

Weight – 4.54% of the Freedom Fund

 

IGB Corp

IGB Corp September 2017 Dividend
IGB Corp September 2017 Dividend

 

This Month’s Dividends – RM200

Total 2017 Dividends – RM200

Dividend Yield – 1.74%

Weight – 2.65% of the Freedom Fund

 

Sunway Construction

SunCon September 2017 Dividend
SunCon September 2017 Dividend

 

This Month’s Dividends – RM10.80

Total 2017 Dividends – RM19.80

Dividend Yield – 3.37%

Weight – 0.17% of the Freedom Fund

 

Homeritz Corporation

Homeritz September 2017 Dividend
Homeritz September 2017 Dividend

 

This Month’s Dividends – RM244.50

Total 2017 Dividends – RM1,222.50

Dividend Yield – 8.65%

Weight – 5.42% of the Freedom Fund

 

End.

The Freedom Fund’s dividend income has a cumulative total of RM11,707.84 as of September 2017.

We’ve officially surpassed last year’s total dividends of  RM11,429.55. Based on historical dividend income, we should be getting at least another RM2.3K in dividends for the 4th Quarter of 2017.

The dividend yield of my portfolio is currently at 3.53%. The Freedom Fund will be updated in the coming weeks as Q3 has come to a close, so stay tuned!

Thanks for reading.