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RE: Genesis Mining: Profitability projection for 30 USD BTC contract
UPDATE: The return is now 0.5 LTC . The contract cost about 0.75 LTC, so 67% of the contract has been payed off.
Since my last update the Litecoin price has shot up to about $250, making the return worth $125, or $95 profit. While this profit is nice it is not the really attributable to the mining.
The contract is about 6months old, so it may still go into profit in terms of LTC within the next 6 months.