Bitcoin Forum

Hi Guys

i was interested in maybe cloud mining and looked for monthly or a quarterly contact to limit the initial investment and to see if it generates a positive return.  However, cloud mining seems incredibly expensive if I understand things correctly.

Cloudhashers will give me 1 day of 35Ghash speed for $12.  That is very expensive as I would earn about $12 after 1 month of mining at 180 Ghash/s.

Bitcoin hashing sells 4month of 1gh/s for 4Bitcoins.  So I would need to earn more than 1coin a month at 1gh/s to make this a profitable envedour.

What am I missing or why is cloud mining popular?  Seems rather expensive compared to buying a UBS stick that gives you 2 Gh/s and putting that on your computer

lol. fail.

http://www.oxforddictionaries.com/definition/english/endeavour (http://www.oxforddictionaries.com/definition/english/endeavour)

Thanks.  :D

PS: Check out cex.io!!

Ill give you cashback on your mining if you use cex.io:
https://bitcointalk.org/index.php?topic=557265.0

CEX fees will eat up any profit at all . . .

Scrypt mining is where it's at right now, especially scrypt - n.  The only cloud mining in scrypt that includes an exchange option (meaning you can sell your k hs) is scrypt.cc

Follow the link below.  It's the best returns on cloud mining I've seen yet. 

yup scrypt cloud mining. I do it with scrypt.cc and its great.

Scrypt.cc and similar sites are the only way you have a chance at making a profit through cloud services, but that has more to do with trading than mining.

Anything that locks you in for contract is a guaranteed loss. Renting rigs is also a loss (their prices never drop low enough to justify them).

Is it really that profitable?

1GHs for 4 bitcoin?!  Seriously?  You can get 1GHs on PBMining for .0064 BTC.  And that's yours for 5 years.

heu.....no....

2 gig /h = 0.01287 btc cost on pbmining

https://tradeblock.com/mining/a/f1cf046319

Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Apr-14   6120   152109   $2   $2   $(3)
May-14   9975   247938   $1   $1   $(2)
Jun-14   16260   404138   $1   $1   $(1)
Jul-14   26503   658746   $0   $0   $(1)
Aug-14   43200   1073756   $0   $0   $(1)
Sep-14   70416   1750222   $0   $0   $(0)
Oct-14   114778   2852861   $0   $0   $(0)
Nov-14   187088   4650164   $0   $0   $(0)
Dec-14   304953   7579767   $0   $0   $(0)
Jan-15   497074   12355020   $0   $0   $(0)
Feb-15   810230   20138683   $0   $0   $(0)
Mar-15   1320675   32826053   $0   $0   $(0)



and at max... 500 gig...

https://tradeblock.com/mining/a/e2a489baf9

Month   Difficulty (MM)   Time per
Block (days)   Monthly Revenue   Monthly
Profit   Cumulative
Return
Apr-14   6120   608   $515   $515   $(822)
May-14   9975   992   $316   $316   $(506)
Jun-14   16260   1617   $194   $194   $(312)
Jul-14   26503   2635   $119   $119   $(193)
Aug-14   43200   4295   $73   $73   $(120)
Sep-14   70416   7001   $45   $45   $(76)
Oct-14   114778   11411   $28   $28   $(48)
Nov-14   187088   18601   $17   $17   $(31)
Dec-14   304953   30319   $10   $10   $(21)
Jan-15   497074   49420   $6   $6   $(15)
Feb-15   810230   80555   $4   $4   $(11)
Mar-15   1320675   131304   $2   $2   $(8)


all shit man...stop the crap..

Why can't you just tell him how much btc he's going to get? Also your [Suspicious link removed] link, you can't just tell people what it is you're promoting? Strange...

PBmining is best $/gh/s ratio, antminer s1 comes very close once you factor in electricity. Personally, buying coins is better route IMO.