Re: www.lunamine.com - 0.0025 BTC/GHs mining contracts | On-demand withdrawals
I was posting on the different thread about this - can someone figure out exactly what the current breakeven rate is? I mean, if I buy a standard 100 gh/s contract, will I at least break even if the price of BTC stays the same as now? and how long will it take? I found a calculator that shows how much I can expect to get in revenue but how do your fees factor into that? Thanks.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Edit: I do see it says lifetime validity but me, as a newb, did not understand what that meant until I came looking at this thread.
Break-even is if the difficulty increase every 2016 block (difficulty change) is less than 17.25%
Do you mean if I pay $100 for the 10 ghs I will break even if the next increase is less than 17.25 percent?
You will break even if the average increase until you break even is less than 17.25%
Last increase was only 3% but this next will probably be around 17%. (my guess)
A week ago I calculated this years average difficulty increase and it was 18%. Anyway, we are almost ready to lower the maintenance fee to about $0.002 - $0.0025 per day per GH/s depending on a few variables. This should have a noticeably positive effect on ROI. These changes will also be effective for all contracts, regardless of date of purchase.
Wow you mean you're going to actually make people who already bought a contract pay less? See that's the responsive and honest stuff you don't expect from a Bitcoin business.
To answer the previous poster, it looks like it's in 100 Gh/s increments. So you can buy more than 1 contract at a time. 100 looks like the minimum.