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RE: True lifespan of Genesis-Mining Open-Ended Bitcoin Mining contract
You are correct, the only way for you to have hope is to pray that the increase in the price of bitcoin outpaces the pace at which the difficulty mining rises. The one good factor is that the electricity rate is set, so this becomes less of a factor over time as the price of bitcoin rises. I really like the way you break it down mathematically and graphically. You think like me. Following.
Thank you :) I wish I'd come up on such kind of calculations before my blind investment following the crowd. I wonder if there is a way from this pit by changing sha-256 contract of mining Bitcoin to some other altcoin? Maybe there is slower increasing difficulty, where my miner can be more profitable?
You have to be very careful with that. If the coin you are mining is too invaluable, all of your mining will be consumed paying the electricity portion of your agreement, and might not even be profitable which would put your entire contract at risk.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086