RE: Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade

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Genesis Mining: 6 Days After 10 TH/s Bitcoin Mining Upgrade

in bitcoin •  7 years ago 

so... does your mining power increase as you buy more TH - or... is it the same rate per TH whether you have 1 TH or 10?

In other words, will i break even faster the more that I put in now....

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I have found that it depends how you pay for the upgrade. If you use USD then there is no difference in my opinion. When I used a cryptocurrency to upgrade, I have found that buying a larger amount is beneficial. It mostly has to do with the number of decimal places allowed for the cryptocurreny transaction. For example, when buying an upgrade with BTC the BTC price is down to three decimals. Obviously, as the BTC price increases there is quite a difference between decimal figures.

Have a great weekend!
Steem on,
Mike

  ·  7 years ago Reveal Comment