RE:MUST WATCH..READ BETWEEN THE LINES..BlueSky88 wrote: Its All in front of you.. The numbers on 1 mine are staggering @ todays Ethereum prices. CEO States " 1 mine = 100 million dollars" That's why the stock erupted last week or so..IMO. WATCH ESPECIALLY THE 5 MINUTE MARK AND LISTEN CLOSELY$$ https://www.midasletter.com/2017/10/hive-blockchain-ceo-harry-pokrandt-talks-ethereum-blockchain-genesis-mining/
No, you misinterpret what Pokrandt stated. He did NOT say running that one mine extrapolated back 12 months resulted in creating $100M mining profit, but that if the crypto was held (instead of sold) that the price appreciation of ETH would have resulted in an overall profit of $100M (mining profit plus bulk of it in digital currency price explosion).
However, be aware that to extrapolate that number into the future is clearly dangerous and misleading. Because the past 12 fiscal months had ETH rising from below $10 to over $300. And the mining difficulty was much, much lower back then and you can see Genesis was mining 100,000 coins every 1 to 1.5 months but it slowed considerably after ETH exploded to $300+ and now mining 100,000 coins took over 4 months.
You would be counting on another price explosion from $300 to over $1000, in order to still assume $100m profit again, which is speculative assumption.