Post
Topic
Board Service Announcements (Altcoins)
Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
by
Bonobo
on 01/06/2014, 14:35:01 UTC
@Bonobo: Thank you for the effort of those huge tables and graphs. We think the scrypt-btc conversion rate will not fall forever, though we have no fancy graph for it. If we could predict the prices accurately - we already would be at our own islands in the carribean Wink But honestly, we do believe in strong scrypt coin prices in the future and good chances within the mining models, we would not be running this company if we didn't believe its giving back value and profit to also our customers!
I hope you are right.  My point is that, with the current rate of returns at an annual rate which would more than double the initial investment, it is tempting to let greed get the better of caution.  It is now clear to me that making a profit from mining, even with a good, honest service like Genesis Mining, is by no means a certainty.  I was about to double my investment until I crunched the numbers, but now I will hold back and see what happens for at least a month or two.  If the current down-trend in returns is short lived I will be back for more.  I would also be much more inclined to increase my investment if GM would make a firm commitment to proportionally increase the hashpower of existing customers if and when you drop the prices for new contracts.  You did exactly that on May 15th, which seems to me a very good way to keep your customers loyal, and if I could be sure that this was company policy, not just a one-off, I would be buying new contracts now.