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RE: Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade

in #bitcoin8 years ago

Yes, there are different types of contracts available.

I currently have a one-year Ether contract that will not reach break even before the contract expires. My return on investment will be negative.

I also have a two-year X11 contract that I am currently projecting to reach break even before the contract expires. My return on investment will be positive.

For the BTC lifetime contract I project I will reach the break even point 20 April 2018. Then for as long as BTC mining continues, I will continue to get an income from the lifetime contract.

You are correct that Genesis Mining does not guarantee any amount of income from the contract. That is why I only dipped my toes into the mining contracts to assess their consistency and reliability.

Thanks for your comment,
Steem on,
Mike