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RE: Genesis mining day 44 - Brutal !!!
Cryptocurrencies are hard to predict. they are more unpredictable than the weather in Sweden. Butterfly effect? Maybe chaos therory could provide a useful model.
Cryptocurrencies are hard to predict. they are more unpredictable than the weather in Sweden. Butterfly effect? Maybe chaos therory could provide a useful model.
Yeah no doubt. Not only you need to predict the future price, you also need to predict the difficulty. I try to answer the difficulty answer in my eariler post which i fit a model to predict to the future. Unfortunately it is showing it may not be a good investment as i would have thought. But it is still better to get into the mine riging
Maybe it will not pay out in short term, but in the long run investing in ETH is surely a good idea. Tried ETH mining a Home with 3 NVIDIA (2x GTX1080 + 1070) = 65-70 Mh/s. It would take 4weeks to get one ETH.
Amazing amount of computational power and electricity for one ETH !!
https://www.cryptocompare.com/mining/calculator/eth?HashingPower=75&HashingUnit=MH%2Fs&PowerConsumption=500&CostPerkWh=0.12