Ladies and Gentleman, Boys And Girls,
Cloud Mining ROI - Ultimate Overview
Ok, I devided to make a spreadsheet and do by myself the payback time for every mining contract available on Hashflare, Genesis Mining and Hashing24 (the cloud mining companies where I invested too).
This comparative analysis is a kind of revealing because there are a lot but A LOT of guys, Youtubers, etc that deliberately or not show other kind of results.
This also can guide you to compare prices among the cloud mining options.
Before look at this results, have in account this:
- The investment amount doesn't matter. Just inserted here amounts from $100 to $300;
- The Fee value is the fee the cloud mining company charge per day for this contracts;
- Payback period is measured in days;
- This consider that the difficulty for each of this cryptos is going to keep stable (and that's not going to happen);
- To compensate the point before, this also consider that the price of the cruptos and bitcoin is going to be stable (and that's not going to happen);
Now... I know a lot of you will say "but the difficulty is going to raise and..." Yes I know... but usually when the difficulty raise, so do price of the crypto!
For me, I conclude that only mining Bitcoin with SHA-256 and Scrypt are worth with 300 or less payback period.
ETASH AND X11: at first sight (at least in my Hashflare account) this looks profitable. However, have contracts with a payback period of 300 something in 1 year contract is risky as you may not get at least your money back.
Tomorrow I'm going to post some nice calculations about that issue. Follow me (:
By the way, if you want or need to get a discount on Hashflare and Genesis Mining, my discount codes are:
Hashflare code: FDE616B8
Genesis code: bLFsUl
*Cheers up, Upvote and comment! *
Maybe the best is da Doge....
