HOW OFTEN DOES BITCOIN MINING DIFFICULTY CHANGES IN A MONTH????
I am pretty new to the cryptocurrency world but i have done thorough research and have bought coins that were and/or are below $1 like Dogecoin,Siacoin,ripple,Mooncoin and Golem. But recently i developed an interest to start mining Bitcoin and Altcoins on Genesis Mining, I personally think it's a profitable contract to venture in and i am planning to buy an open ended BTC 20 TH/s which will cost me $2600 and i will have ROI roughly in 6 months.What got me thinking is that when i was doing my research about cloud mining reviews(mostly in Forums, that's where you find genuine reviews) i came across bad and good reviews and seemingly the bad reviews outweighed the good ones and that the good ones were accompanied by DISCOUNT CODES.
- How often does the BITCOIN mining difficulty changes in a month?
- Is upgrading the contracts frequently the solution to counter
Mining Difficulty and get your ROI as indicated upon purchase?
Difficulty retarget every 2016 with a mean block time of 10 minutes..
But specific block time is fluctuating a lot!
@wessell is it ok to buy these cloud mining contracts get the ROI
Unless the price of BTC drops a lot, you should be able to make money on cloud mining. But it's still risky and there is no guarantee you will make your investment back.