8 Month Update on My highest paying, $2 electric PER MONTH, plug & play Crypto Miner makes me around $12 per day per device with an 8 month ROI….
Back in April 2022, I published an article about a miner which makes me $10–$15 per day, which costs virtually nothing to power that had an expected ROI of around 8 months. Fast forward 8 months and has this device returned the money that I invested? Well, I’m going to cover that in this article along with a number of project updates.
You can find my previous article here and, if you decide to buy one, you can use this referral code for €100 off PLUS they are currently running a promotion with an additional €200 off.
Biggest question, of the $6,000 I invested in 2 miners, how much have these devices earned in the last 8 months?
Well, I’ve earned 80,500 MXC which is approximately $3,500 which means I’m over half way there but why only half way?
First of all, there has been a really challenging Crypto market over the last 12–18 months. Everything in the Crypto world has taken a substantial hit and that has continued throughout this year. When I wrote the first article, the value of MXC was around $0.10 each whereas today, the price per MXC is $0.04 per MXC. This isn’t such a bad thing which I’m going to explain.
When the price of MXC drops, you will still be rewarded $10–$15 of MXC per day. This means when the price drops, you will earn more MXC. Now when we head back in to a bull run, and if the price hits its previous all time high then you will have been paid substantially more than $10 — $15 per day. This can, of course, also worth the other way too!
To put this in to perspective, I’ve earned 80,500 MXC at its current price of $0.043 that comes to $3,461 but wait until the all time high is hit at that increases significantly to $10,749. That’s over 300% back on the money I’ve invested.
So, why do I still think that this project will do well?
Since the last update, there have been a number of project updates. Most recently, they have had MXC listed on Binance US which adds exposure to the project. They are already listed on BIG exchanges like Coinbase, Crypto.com, Kraken & OKX. They are ranked in the top 250 crypto projects — rank 220 as of writing this article.
They are also starting to onboard businesses to the M2 Pro network — this is the network that all of these miners make up globally — with 7 businesses confirmed yesterday — 13th December 2022.
In summary, the project is still building and growing throughout the bear market. I’m pretty convinced that this will provide a substantial springboard for when the next bull cycle hits. For right now, I’m comfortable sitting back and earning the rewards, in preparation for the the next bull cycle.
That’s all for this article but if you are interested in crypto mining, passive income from DCA trading bots or just general crypto, we have a free Discord group which you can join here.
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DISCLAIMER
This is not financial advice, I’m not a financial advisor or accountant or tax professional. This is my experience of software tools that have helped me and my experiences with them.
I do use referral links in this guide. Using these supports future articles so if you found this article useful and you want to check out the tools I’ve covered, please use them. I’ll also call out where you get a discount — win-win right?
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