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by cgi_man 4699 days ago
I like the calculator at http://mining.thegenesisblock.com/ better. Using the defaults for network and all that it seems to give around $23,000 profit for the year.
1 comments

What amazed me about that: Within 9 months, your profit drops below $1k/m. Barely three more months later and you're down to $250/m. So after a year, you're fast approaching the point at which the energy you put into the device costs more than the bitcoin money you get out of it.

Play with the knobs some more and you realize: If you purchase the 400 GH/s August device in December, you will never make back the 7.5k that the thing costs. Wait "only" until November and you barely get a 60% ROI.

That's some fast, fast market right there.

You're assuming that the value of Bitcoin stays fixed at $100.
Just like the model probably doesn't include what it means to add a large number of 400Gh/s devices to the playing field.
There's a field to change the bitcoin exchange rate over time.