RE: When Bitcoin mining is profitable? 💰 A simple approach on the topic

[rehan12]

By going throuhgh the post it is indeed a bit of question of trick now ,whether to buy /Mine BTC .At this point of time Probably mining is not a good idea !

Comments

[onetin84]

I would always say "it depends" and with Genesis Mining i recommend:

• always watch the maintenance fee which is per GHs and also adds up to a few dollars even with smaller contracts, this could and will change with each new offer by the provider
• make your own calculation of the possible mined BTC over time based on the REAL difficuilty table, not the snapshot of Coinwarz, because breakeven is much later than expected
• your speculation on the development of the BTC price to cover the fee for a long period of time to maintain the contract

[rehan12]

Thanks for the tips buddy !
will keep that in mind :)