We’ve talked about Mining and how money can be made of it. Now let’s talk about those who have already earned success. Today, we’ll bring you the stories of miners from South Africa who’ve made their money out of Ether.
Miners from Pools
We’ve looked a few miners from Pools. Pools are a group of miners who work together to earn money. Estimated earnings per day are calculated based on average block time, average difficulty, difficulty change tendency, and the average hash rate of the miner. We entered this into our crypto Currency calculator to find out the earnings.
Earnings are shown in Ethereum per day, which were converted to rand using the price of Ethereum.
The hash rates, pools, number of workers, and estimated earnings per day of the top miners are shown below.
This particular person contributed a combined Hash rate of 239.0GH/s to this pool to mine Ethereum. That’s a ridiculously high Hash Rate. The estimated earnings per day of this miner would be around R156,841. We got this data from his own wallet information.
Another person has contributed a combined Hash rate of 233.8GH/s to this pool to mine Ethereum. That’s a great Hash Rate. The estimated earnings per day of this miner would be around R155,266. We got this data from his own wallet information.
This particular person contributed a combined Hash rate of 154.3GH/s to this pool to mine Ethereum. That’s a ridiculously high Hash Rate, especially if you consider it comes from only 8 worker systems. The estimated earnings per day of this miner would be around R95,357. We got this data from his own wallet information.
Another person has contributed a combined Hash rate of 113 GH/s to this pool to mine Ethereum. He’s earned around 82,000 Rand
Here’s one person’s report of how he earns around 50,000 Rand every month from Crypto Currency.
Mr. Gareth says:
This year I decided to initially buy a Baikal 1.2 Gh Dash mine (price is now $2 200 but it previously cost $5 800). Cryptocurrency Dash was at $94 and the Rand exchange rate $13. Dash hit $300 in the last week so my 6 month projected Return on Investment (RoI) is now considerably shorter. At 300 watts the electricity is less than R300 pm for this Baikal processor. In a world where a share with a PE of 14 and dividend yield of 4% is good this RoI seems too good to be true. Last week I also took delivery of 5 Antminer L3+ mines. Again the projected payouts are beating projections and these should earn me $3,780 this month (R50,000). My costs are R5,250 pm. I’m earning in $ and paying costs in Rands.
Crypto Currency is still a very profitable venture and people should look to invest in it. There’s still time to make money mining, and to get into this currency.