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RE: Predicting the future ETH mining difficulty
I upvoted 100% - So you are saying you would get a 7% profit over 2 years? I read through the article but may have missed something... Are you taking into account price movement? Do you think that if ETH were to triple it would have been better to just buy ETH and if ETH were to halve over the next 2 years that you would have lost less money by mining it? I found this article that seemed to do a good analyse . What are your thought on this? https://99bitcoins.com/genesis-cloud-mining-review-scam-legit-investment/
thanks, glad you like it. I agree with the article that the difficulty has been rising making genesis mining not as profitable as you calculate when you assume price and difficulty remain constant. So this post try to predict the difficulty in the future while keeping the price constant. Ofcourse, if the price go up 3 or 4 fold in the future, you will make a lot more. But I do not have a magic ball so I could only make an educated guess on the difficulty. So far, the actual difficult is rising a higher level then the predicted. So the final profitability might be even less than 7% (assuming the price remains unchanged).