You are viewing a single comment's thread from:
RE: Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade
Nice article Mike, it will be interesting to see how long the genesis contract survives with the rising difficulty. Should be fine for a while due to current BTC rates, but the returns will dwindle in the coming months
I do expect the returns to dwindle in terms of number of coins mined over time as the difficulty rises. But I also expect that to be compensated for or even eclipsed by the rising price of BTC in USD over time.
The biggest hurdle to BTC mining is the next halving in June 2020. I think the return on investment will be fine as long as BTC contracts are bought at least two years before June 2020.
At least for the rest of this year, I will continue to purchase BTC mining contracts from Genesis Mining.
Have a great weekend!
Steem on,
Mike