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RE: True lifespan of Genesis-Mining Open-Ended Bitcoin Mining contract
Thank you :) I wish I'd come up on such kind of calculations before my blind investment following the crowd. I wonder if there is a way from this pit by changing sha-256 contract of mining Bitcoin to some other altcoin? Maybe there is slower increasing difficulty, where my miner can be more profitable?
You have to be very careful with that. If the coin you are mining is too invaluable, all of your mining will be consumed paying the electricity portion of your agreement, and might not even be profitable which would put your entire contract at risk.