RE: What $20,000 of Bitcoin Mining Power Looks Like!

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What $20,000 of Bitcoin Mining Power Looks Like!

in bitcoin •  7 years ago 

Also you are 100% talking out your ass about investing anywhere between $26k to $33k. Where did you get this from?

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hash rate inflation and difficulty increases of .5% each week shows 26k, hashrate inflation and difficulty increases of 1% each week shows 33k.

As such, my only argument is that you cannot receive a straight $15,000 profit over a years time with just your current investment, unless there is additional reinvestment, and as such, you have done absolutely nothing but agree with me.

I'm simply asking you to stop misrepresenting your return, which you have already agreed is misrepresented.

"It is $20,000 worth! Including REINVESTMENTS."

"To keep ahead of the difficulty you simply REINVEST a certain amount of times per month"

After today you will continue to reinvest. And in a years time you will not have $20,000 invested, but far more, anywhere between $26,000 to 33,000 based on my own numbers. Thus, overall profit is grossly overvalued.