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RE: Genesis BTC Mining BACK but is it WORTH?
With the way hashrate and difficulty increase over time, I don't see how these contracts make money (compared to the purchase price). Sure the video acknowledges the change in difficulty, but doesn't figure it into the calculations for ROI. The argument that the increase in value will still make it profitable doesn't work either, because in that case it is just better to buy and HODL.
Couldn't agree more mate. What a waste of time. I have a very low btc and eth mining contract. I basically make nothing. I have run the sums through and the average monthly profit seems to drastically go down every time I look at the various calculators. I don't know how this can be an attractive investment.