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RE: Why Genesis mining is not profitable in my opinion

in #cryptocurrency8 years ago (edited)

I wish I was in Genesis Mining to have results to compare with you.
Definitely interesting though!
By the way, with your calculations, did you assume there was a 24% monthly difficulty increase over the 2 year span of the contract, did you calculate upgrades with and without discounts, and did you do a ROI if you invest the minimum to overcome the monthly difficulty increase?

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I calculated the average 24% monthly increase over 1 year by entering all daily difficulties and took the average of that of 1 month. No I did not calculate upgrades without any discounts. for the last case, yes I did one for that to (the minimum to keep up should be the 24% upgrade of hashpower to keep up)