Have you actually plugged this in to a spreadsheet, or are you telling us what your intuition is guessing?
Yes, February contracts broke even in July, and I don't doubt that April contracts have broken even or are breaking even now.
This does not automatically mean that all future contracts will break even. Past performance is no guarantee
For a mining contract to be profitable, you have to receive more mining income than the purchase price of the contract. While the cost/GH of contracts has fallen significantly since February, so has the weekly mining income from each GH.
This calendar year, difficulty has risen around 16% on average. If someone purchased a contract at the beginning of August, and difficulty continues to rise 16% each time, then they will never break even. This is part of the risk we take with Bitcoin mining. Hopefully we will have some more single digit difficulty increases in the near future to increase our odds for profitability.
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Anya I agree with some that you say. Some dosen't add up. Future contracts will break even, it is a mater of how many weeks. Again, this word (never) is problematic. I dont want to discuss spread sheets and such,
August contracts will break even. but the amount of weeks to achieve this is rising.
If you bought in August, your looking at 30 to about 32 weeks, a ten or twelve week jump from buying in April. I predicted the April breakeven long before it happened, i know that even if my math is way off, say it 35 weeks to break even from August, I then am way more accurate in my calculations than what I hearing out here. (never)
No that doesn't add up.
Profit, that a whole different thing, I loved being part of the birth of bitcoin, I love how people were actually mining at home, creating a new future in trade for us.
Pb gave me the chance to have the fun of mining with out being complicated. I love the math involved with it all. I wipe a tear from my eye that the glory days of mining is over, We are now approaching the commercial stage of bitcoin mining. Therefore, no I'm not saying there going to be much profitablity, I am saying that that contracts bought through August will reach breakeven, it not a matter of if , or never, They will in 32 weeks.