Bitcoin cloud miners 8u
Bitcoin mining vs bitcoin holding Real ROI If you invested in cloud mining and don't understand half of the terms mentioned above I would strongly recommend you read the full post. Legitimacy of the company When I just started my whole crypto adventure I figured quite quickly that at the time zcash was a profitable coin to mine.
So of course I googled a zcash cloud mining contract and it existed! A crappy site nobody miners heard of called zcashminer. That seemed like a great idea for me! So I decided to invest 40 dollar which I of course never saw again. In the crypto world you can't be too careful, even large corporations are often scams. This is why you must always make sure you invest in a well known and transparent organization. Simple ROI This is often the only thing people look at when investing in cloud mining and often a misleading factor.
They look at what they make a day and how much the contract costs and then calculate how many days it would cost them to make back their money. This however doesn't takes into account the mining difficulty and the bitcoin price fluctuation. BTC mining difficulty As more and more people invest in bitcoin mining, the difficulty to mine a block increases. If you still have now idea how bitcoin actually works after investing half your life savings in it, I would watch this videoit explains very well how bitcoin works. If you are bitcoin cloud miners 8u lazy to watch the video, it basically comes down to this: The more people that invest in bitcoin mining, the less everyone gets.
For me this came down to 0. Bitcoin block reward halving As you can see on this site it will take about days for the bitcoin rewards to halve. Yes, this means that after days your cloud contracts rewards will also halve. There is a good chance that when this happens cloud mining becomes unprofitable and your contract will end. However, If your pool pays out the bitcoin mining fee's and or if the difficulty doesn't grow faster than the bitcoin price it is very likely that the contracts will stay active a longer time.
This means that the more efficient contracts with a "miners" percentage of its profits going to the bitcoin cloud miners 8u, will stay active the longer ckoud thus generate bitcoins for a longer period.
This made them at the time the most profitable cloud mining provider. Minegs seemed like a great idea for me! They look at what they make a day and how much the contract costs and then calculate how many days it would cost them to make back their money. It is also a well trusted transparent organization active bitcoin cloud miners 8u a long time in the industry like genesis-mining. For any questions, suggestions or requests, feel free to contact me!
BTC mining vs BTC holding If you invest in cloud mining you should always compare between just holding bitcoins and your cloud mining contract. Why would you invest in cloud mining if in the end holding bitcoin would have been more profitable?
Are Bitcoin cloud bitcoin 8u miners day
In the real ROI you do take this into account. Genesis-mining is the largest cloud mine provider. Although they had some bitcoin cloud miners 8u problems lately I still see them as one of the most trusted parties in the industry. Their bitcoin lifetime contracts are however not as profitable as their competitors.
They minsrs opened their cloud mining contracts.
8u cloud bitcoin miners Not The
This made them at the time the most profitable cloud mining provider. It is also a well trusted transparent organization active for a long time in the industry like genesis-mining. In the sheet you can see that they have the most competitive pricing for 1TH.
On top of that, Hashflare bitcoin cloud miners 8u the only provider that allows its customers to choose which pool to mine from. In my sheet you can see that if the bitcoin difficulty keeps increasing with the same speed as it did during the last 5 months, you can currently triple your bitcoins with the Hashflare cloud mining contract in less than 3 years.
However although they are a smaller and less known party, I am personally convinced they are trustworthy. As you can see in the sheet, they are one of the most expensive and most inefficient cloud mining providers. What I really love about them though is their PC mining tool: On their website, you can download this mining cloud miners.
When you have an account you just have to log in and click on play. The program will then pick the most profitable coin for you and start mining it on your pc! As you can see in the picture it is very easy, all you have to do is log in to the program and click play! Google sheet In this sheet I test and compare all the main cloud mining providers on all the important criteria.
- Why would you invest in cloud mining if in the end holding bitcoin would have been more profitable?
- After this I make an estimation of the total amount of bitcoins you will receive until the block reward halving.
- They recently opened their cloud mining contracts.
I calculate the expected daily income of every contract after 1, 2 and until the reward halving based on the average difficulty increase and average bitcoin price increase. After this I make an estimation of the total amount of bitcoins you will receive until the block reward halving. I will keep updating the sheet and will compare more crypto related services in later!
Feel free to save and share the excel sheet with everyone who this would be useful for! For any questions, suggestions or requests, feel free to contact me!
I am willing to try out services and make spreadsheets on request! Let me know what you think of this information in the comments!