Genesis mining contracts are back, don't buy them! (you are going to lose your money)

Hello, Cloud-miners...

I know, a lot of YouTubers or other people on websites as steam are very positive about cloud mining websites as Genesis-Mining. The truth is they only promote these websites because they get a revenue when someone buys something with their referral link or code. The saddest part is, they know that bitcoin cloud mining is not proffitable anymore but they are still promoting it for the referals.

In this post I am going to explain you guys you cloud mining is not profitable.

The bitcoin difficulty is going up with an average of 15% per 2 weeks, let's say 30% a month. you can check this yourself on https://bitcoinwisdom.com/bitcoin/difficulty.
As you can see, the difficulty is raising A LOT!

for instance, you make a purchase of 1 TH/s at Genesis-mining for 150 USD. I filled this in on a trustable calculator.

You can see, the amount of bitcoin you make every month is getting less. with this contract, you can't even reach ROI after 1212 days!

But this contract is lifetime so it will get me bitcoins for ever?
No, it's not, the contract will stop when it's not profitable anymore (when the bitcoin you mine can't cover the maintenance fee, 0.30 USD per day.) So with this calculation made, the contract will stop after 451 days if the bitcoin does not change. And you will end up with a loss of 55 USD.

This calculation is made with the current BTC price, if the BTC price will get higher more people are going to mine and the difficulty will increase even more.

So, guys, There is no way you can get rich of Cloud mining without referrals. I am not gonna leave my code here because I don't support websites like this. The only thing I ask you guys is to vote this up so people can be aware of the risk of cloud mining.

If you think I am totally wrong, let me know!

"happy" mining.