www.Quebex.com has seen a surge in users looking to purchase bitcoins for mining contracts, and we’ve done some investigation into whether our users’ claims they can make a steady 7% monthly return on investment add up. Sadly, we can’t find a realistic scenario where mining contracts will be more profitable than holding on to your bitcoins.
We’ve written a blog about it
https://quebex.com/blog.php?entry=is-bitcoin-mining-profitable detailing some of the different ways a contract could pay out over time given different growth rates for bitcoin price and difficulty.
Please see our Bitcoin Mining Profitability Calculator here:
https://quebex.com/calculator.phpRealistically, we don’t think the network hash rate will stagnate and fees greatly increase, while bitcoin maintains most of its momentum. It’s a lovely future to hope for when you’re a bitcoin late comer hoping to cash in on some of the unparalleled ROI early adopters saw, but looking forward a couple years we can’t imagine $27,000 or higher prices for bitcoin.
Although we don’t offer investment advice, we are going to advise our clients to read the blog before investing—even if it means less bitcoin volume on our trading platform.
David Bruno
www.Quebex.com CEO
Candian Bitcoin Exchange
