The reason they arn't selling out is because in August, Ether is suppose to fork. If it forks and your mining on genesis ETH contract you will no longer be able to mine ETH. Therefor they will send your contract to the next best thing they can mine using that algorithm. I heard that would be Litecoin. So your contract will most likely last another month and then you will be mining litecoin. Best advice would be to plan for that and check you what you would be making with Litecoin vs Ether.
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But it's more likely that bitcoin will fork vs Ethereum, so think if Ethereum doesn't fork 🤔🤔👊👊...I just followed you 👍
Ya, just saying use cation as Litecoin wont make you as much as Ethereum is right now. So if they stop mining ETH and ship your contract over to Litecoin you might not even make your investment back (if it drops), as its so much cheaper right now. If Litecoin skyrockets when this happens then maybe it wouldn't even matter. You would have to make your investment and any profits you are expecting to make within a two year contract if this did happen. Maybe wait a till August to buy the ETH contract but on the other side if it sells out you missed out and the ship sails without you.
As you can see ETH will make about double right now vs Litecoin. If Litecoin drops back down to $28 it would be even lower.
Yea but also keep in mind "GENESIS NEVER SAID THEY WOULD USE LITECOIN, they said the exact opposite, that they would use the next MOST PROFITABLE" so I'm willing to upgrade and see what happens down the line. People really made out good with their Z classic contracts