Genesis Mining ROI – August Update

Cloud Mining on Genesis

Cloud Mining Malaysia

So it’s been a month since my last update in July. I’ve moved on from Dash to Bitcoins. I’m still keeping my previously purchased Dash contracts but moving forward, I’ll be buying Bitcoin contracts.

Why the move? Bitcoin contracts on Genesis are open-ended, meaning it is perpetual, provided it is profitable throughout. This means you can in theory pay once and mine forever.

I have seen Bitcoin’s meteoric rise in price recently and the surge in profits from its mining contracts. As a dividend investor, I’d prefer a slow and steady increase, but who’s complaining?

Return on Investment (ROI)

Genesis ROI

Dash Mining Contracts – ROI 160%

Above is the return from my investments in Genesis mining. I started investing in Dash contracts about a month ago which cost USD93.20. So far, in a month, I’ve managed to earn USD12.70. That’s an estimated 160% return per annum. I’ll hopefully be getting back all my capital in another 6 months. Pure profit from there.

Bitcoin Mining

You’ll also notice my USD19.48 in Bitcoins. Those are mostly from my own personal mining through my computer at home and at work. I’m earning about USD1.50 a day from there. As mentioned earlier, I’ve also purchased Genesis’ open-ended Bitcoin mining contracts. If you believe in Bitcoin’s future value, invest in their contracts.

End.

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 that has been using my referral code. I’ve received some additional hashpower thanks to you.

Onwards and upwards! Let me know how mining has been for you all!

Dividend Income – July 2017

Dividend Income

After the high of June’s dividends, RM552 in dividends for the month of July was lower in comparison. Same time last year, I received RM420 in dividends. A pretty decent 31.4% increase y-o-y.

Average Dividend Increase (so far) – 37%

I’ve started tracking my dividends received closely and, although I may be jumping the gun here (as it isn’t even December yet).. BUT, as of now, my monthly dividends have been increasing every month! With the exception of March because good old CBIP Berhad paid a special dividend last year.

On average, my dividends have increased 37% in 2017. Goodbye inflation, goodbye Fixed Deposits. This is why I invest in shares and companies. My returns increase with time, while ‘investments’ like FDs will stay at the 3-4% levels for years, even decades.

Full disclosure, I did add RM2,500 and RM15,000 to my investments as additional capital in December 2016 and June 2017 respectively but that hardly impacted the 37% increase in dividends.

Also, I’m not implying FDs are useless, they have their uses but are essentially useless as investment instruments.

Moving on.

Scientex Berhad

Scientex Dividend Income July 2017
Scientex Berhad’s July 2017 Dividend

This Month’s Dividends – RM552

Total 2017 Dividends – RM1,312

Dividend Yield – 4.48%

Weight – 19.40% of the Freedom Fund

Recent Buys

Aeon Credit  1,000 units

Their dividends have been increasing every year for 5 years now. However, the price has dropped by 5% since my purchase.

Tenaga – 1,000 units

Good dividends, almost a monopoly on our country’s electricity. Moving into other countries.

Their close links to the Malaysian government are a double-edged sword.

IGB Corp – 4,000 units

Highly undervalued and overlooked because of the pending offer by Goldis Berhad.

Conclusion

Total dividends for the year stands at RM8,690.90. My Freedom Fund currently has a dividend yield of 2.69%.

Thank you for reading!