Bitcoin mining ROI calculator
This is a paid press release. CoinTelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. CoinTelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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.
Please see our Bitcoin Mining Profitability Calculator here:
Realistically, 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.
Company contacts: David Bruno