Good luck,
how did you calculate your break even? Which assumptions did you make regarding the increasing difficulty?
For info, I do a little mining (BTC only), and so far - after 3 months - I got back app. 20% of what I have invested. The daily return decreased app. by a third, as did the Bitcoin price increase. I am assuming that in case the Bitcoin price stays flat, there is no chance to ever break even due to increasing difficulty.
Generally I would be very cautious about this business model.
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The calculation is the simplest there is.
108 USD total investment / 14 USD a month ≈ 7,7 months payback.
As I have tried to get through here, this is in large a result of +30% increase for bitcoin and a huge spike for Litecoin. Without those it would not be profitable. I do not see why increased difficulty would deminish the probability for success, as these assets has to be looked upon as commodities. It will be compensated by a higher price.
My attitude is that although the money making with Genesis and Splititmining is slow it's not a problem as it's not costing me any more money - I invest about £100 a month into 3 mining sites, splititmining actually I like the best because it auto reinvests building up your hash power.
Auto-reinvesting to build up hash power - the perfect Ponzi scheme!
I have taken money out of it and it wasn't a problem, I don't see the difference between taking out the profits and then re-investing them to actually just leaving it in there to cook? Plus I have done extensive research and spoken to their support team who respond VERY quickly whatever time of day or night. All the scams I have uncovered and tested at www.ukbitcoinblog.com my blog don't have this.
I will add I spread my investments across different sites and have strict research and testing before putting anything larger than $10 into anything. I also have my own mining rig here at home working 24/7 so my risk is greatly reduced.
To be honest also I think that banks while we're at it that use fractional reserve banking are worse than a ponzi scheme. The fact the whole thing can crumble (and has a number of times) is just terrible, take Bearings bank taken down by one trader, or RBS that the Government here bailed out.
At least with Bitcoins and the blockchain it's not based on debt.
To be honest there's not much difference between this and compound interest. That's just re-investing the interest back into making more interest.
The fact is that increasing difficulty happens anyway, regardless of BTC price. Thats the whole point. Your profit will shrink to zero sooner or later. Later if BTC rises, sooner if it doesnt, and it is very unlikely that the price will increase that much so that you regain all your investment before the payouts go to zero. I hope otherwise of course, but be realistic and rethink it before you invest more!