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RE: What $20,000 of Bitcoin Mining Power Looks Like!
Indeed to get started with mining these days may seem easy and profitable, but it's not that easy nor that profitable. You have to pay for electricity, difficulty always rises, equipment fails sometimes and has to be replaced or maintained and overall you must know what you are doing. It is true that mining can be profitable :)
His numbers are over exaggerated at best. Will you make a return, sure. But not that much, not without reinvestment. If that's the case, then the overall investment needed to make that kind of return makes the investment itself begin to see more and more of a rip off.
Again you talk from your ass. Go do some research.
I'm actually not. A straight $20,000 investment will not make you $35,000.
You have already admitted that you have to reinvest several times each month to match the rise in difficulty. As such, You are not investing 20,000. You are investing an original 20,000 investment plus additional investments each month to continue your reward level.
Please, explain to me how someone invests $20,000 today will continue to make 105 a DAY based of YOUR OWN CALCULATIONS, WITHOUT ADDITIONAL INVESTMENT.
Please. I'm waiting.
$15,000 gross profit is grossly misrepresented and you know it.
I just told people how to stay ahead of the difficulty (does not mean I do it every month)
That is to stay ahead of the DIFFICULTY, Like I mentioned the price of Bitcoin is also rising alongside the difficulty making it irrelevant
If you go look I have $20,000 in power! Not much more! I factored in the amount I have reinvested.
I have previously asked you to not reply again to this post. Please listen this time thank you.
Yes, you have factored in the amount you have reinvested, but not the amount you will have to continue to reinvest over time.
Honestly, mate, I've been nothing but respectful this entire time. If polite criticism, and opposing viewpoints are offensive to you, than i sincerely apologize.
I have 40 TH/s on Genesis and 28 TH/s on Hashflare. They were both suppose to be lifetime contracts, but HashFlare changed of of ours to one year. I will still make a lot of profit but that is bad business and I will not give them another dollar. Genesis sent us all emails saying that they will never do that to their customers
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
@mbg11 and @btcvenom you have been fighting for some time so please don't. Each has his own point, and it's definetly clear that you don't want to agree each other, but we are here to learn and share experiences. Of corse mining is profitable, that's why there are so many miners which are not losing money so the point is that one must know what he's doing when involved in mining in order to stay on top. I guess you can agree on that so I wish you a good and positive day!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086