I am very excited to see that genesis mining is back with a 2 year Ethereum mining. And they put a max of 500 MH/s which is $18K and a minimum of 40MH/s for 1480$.
I guess the main question is, is it profitable?
For 500MH/s /$18,000, the coinwarz calculator says it will take 317 days to break even. And here is the earnings breakdown :
With the current ETH price and mining difficulty, this contract doesn't look profitable for me.
And the other question is how about buying ETH from the exchanges and keep it for two years?
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Thank you :)