Cryptocurrencies have presented the investor market with unprecedented returns on investment. Investors have been flocking, but others have hesitated due to significant volatility risk. Mining allows individuals to take advantage of these historic price increases while also leveraging dips in the market through increased mining returns.
ROI in cryptocurrency mining generally refers to the point-in-time ROI. It ignores fluctuations in price and Network Difficulty, and assumes those variables will stay constant.
ROI (in days) = A / (CP)
The point-in-time ROI is defined as the initial purchase price divided by the amount of coins mined in a single day, multiplied by the current price of the coin. This gives a rough estimate of how long it would take for the mining rewards to pay for the initial hash rate purchase - foregoing any change in the price of the coin.
There are two primary reasons this method of predicting mining profitability is widely used.
The point-in-time ROI changes daily and at times even hourly. For the last two years, the average point-in-time ROI for Ethereum mining has been 26 months (dated Jan 14, 2018). While it’s impossible to predict future outcomes, historical data shows a point-in-time ROI range of 7 months to 55 months.
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