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RE: A Slow Payday at Genesis Mining!
Bitcoin being a “life-time” contract will allow me to mine bitcoin continuously
The quotation marks are important. They take their maintenance fee every day. With more network hashpower being added every day, each THs slowly loses the ability to generate funds to pay the fee. When it gets to the point that it doesn't make enough to pay the fee, the "lifetime" contract expires. I would guesstimate maybe two years? Three at the most.
That's why they would probably raise their prices. With your exact points in mind, why would we want them to charge us less so they make less and can't sustain our contracts long term? Businesses need to make money to grow and stay in business, especially as difficulty continues to rise and technology investments are necessary to perform.