I am not affiliated with any miner and would like to get feedback on my ROI numbers.
I purchased hashrate from
www.genesis-mining.com and it seems that the returns are extremly good. I understand that there is significant risk of loss of principal if genesis-mining goes bankrupt but the returns seem still very good.
Could you please comment if these numbers look accurate or if I am missing something fundamental. Also, could you please comment on the expected returns long term assuming nothing really bad happens (no price crash or bankruptcy.Initial Investment: $1,000
Returns on a daily basis: $4.22
Time period returns observed: 34 days
Bitcoin price: $266
So, if this is correct I can expect to get my money back in 236 days and then have very significant cashflow after that based on the investment. ROI over one year would be 54% and over 2 years almost 200%.
Are these numbers reasonable?