You guys think that there will be any profit from up coming contracts seemed like with prices was skyrocketing the was some actual profit. I just wonder with these lower prices BTC and other are having.
I think Yes!
Based on the current situation I came up whit this calculation:
https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=15000&p=0&pc=0&pf=28&d=1123863285132.97000000&r=12.50000000&er=4261.27550000&hc=1500
The 28% pool fee is the mining fee GM has on sha256 contracts (all other contracts are whiteout any fee).
Days to break even: 145.67 Day
Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you thing the bitcoin price will rise the same or more as the bitcoin mining difficulty.
Any question please ask
I'm really surprised to see such calculations from a Legendary person. I believe you just misleading newbies, because you should be well aware that the statement
buying a contract you thing the bitcoin price will rise the same or more as the bitcoin mining difficulty.
is wrong. If you make such assumption, it may happen (and likely will) that holding bitcoin would be more profitable than mining it.
Hi! Maybe my message is lost in translation.
How about his:
Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.
This Difficulty rise can overtake the bitcoin-price growth overtime.
Is this more clear?