Bitcoin Forum

Hello!

Is cloud mining profitable than mining in home?

Is there any cloud mining calculator?

I am thinking about buying 5TH/s miner but after I heard about cloud mining I don't know what to do. Can

you tell me which option should I take? Buy 5TH Miner Or Buy GHs/KHs?

If cloud mining more profitable, where should I buy it (Please specify Maintenance cost and pool fee) ?

Kindly,
         Muhammed Zakhir

Cloud Mining would take a fee for electricity and hosting. Buying a miner would require maintenance and electricity.
Do what you like, do your own research.

Hello!
What is your opinion? How many BTC will they deduct from the payment as electricity and hosting fee?
Kindly,
        Muhammed Zakhir

Cloud mining will always be more expensive than mining at home or getting a miner and just colocating it.

That depends on the company.

cex.io (https://cex.io/r/1/byt411/0/) takes a $0.26/GHs/month fee.
PBMining (http://pbmining.com?ref=byt411) doesn't take a fee.

Neither.

Just buy btc directly and hold for a year. Guaranteed profit.

If you mine, whether cloud-mining or mining at home, you will always be chasing more hashrate due to rising difficulty. Do more research.

Yes, just buy bitcoins directly is the best solutions expecially in this period.
By the way if I had to choose between cloud mining or at home I would prefer the first
mainly because it's easier to handle and has less unexpected events.

Cloud mining or mining at home?  Neither.

Mining at colo with low electrical and maintenance costs, perhaps.

Buy and HODL is sooooo boring.   :P

If you are looking for profit, just buy bitcoin directly.
If you are looking for fun, you could buy any ASIC you can afford.

Cloudmining is not profitable nor fun lol. ;D

Cloud mining and home mining are both losses at this point. You'll be lucky to break even with all the new hashing power that's coming online.

No.
You don't need a special calculator for cloudmining. You can use https://bitcoinwisdom.com/bitcoin/calculator and enter the maintenance fee of the cloudmining service.

IMO, it is better to just buy and hold bitcoin.

Thanks! What is IMO? Sorry, I am not good at trading.
Kindly,
       Muhammed Zakhir

I would only do mining at home. having a tangible assest is a lot better than a virtual contract, sure a contract is cheaper, but you have nothing to show. plus alot of companies are s cams, and i would want to  know I actually hve the real hasing power.

That is a nice statement. I really appreciate it!  :)
Kindly,
       Muhammed Zakhir

IMO = In My Opinion
he doesn't suggest trade, just buy BTC and keep it
sell when you need cash or you think it is the right price
no need to daily trading
i think this is more profitable than mining right now

You could make it more thrilling if you hodl the coins in a shady online wallet which you check every
day from different internet cafes. ;)

I said it's boring, I didn't say I want to lose my stash!   8)

Thanks for the suggestions.
Kindly,
       Muhammed Zakhir

I recommend getting some hosted miners over Here (https://bitcointalk.org/index.php?topic=514758.0).  They are setup and mining on your pool within 2 days, $225 a month hosting fee each.  It comes out to under half of the Cex.io cost and a cheaper maintenance.

It is not a question of cloud or home mining. The key question is whether to mine at all. Bitcoin might be heading into an upward trend. The best bet at the moment is to buy bitcoin and wait for it to appreciate.

Buying machines in bulk, he might actually have a chance of making ROI.  It all depends on how fast you think the difficulty will go up. 

Buying bitcoin or buying mining equipment is all based on calculations. If the difficulty starts to plateau you will make roi with mining equipment but if it spikes it wont ROI. Buying bitcoin is usually less of a gamble especially on an uptrend but of course its not as much fun as mining.

Difficulty is not showing any signs of plateauing anytime soon.

The first is that you can count on electricity costs
then if you could ask your calculator here https://www.alloscomp.com/bitcoin/calculator

cloudmining you can try to monitor cex, io or pbmining.
and if you ask for a cloud or mining house, it depends on your decision, you should be ready with all the

that calculator doesn't have many options to calculate mining or cloud mining profitability
i suggest you try this one
https://bitcoinwisdom.com/bitcoin/calculator
check it out and you can see many options ;D

You still pay for electricity with cex, it is just not as obvious that you do

Exactly. Even though PBmining says they don't charge additional fees for electricity, it is still built into the cost of your contract.

i just suggest you dont choice cloud mining, more profit if you use your own miner gear,
i have try cloud mining but my earning very slow than my gear even though I use the same speed

Cloud mining is for people who are not able to tend to the day to day tweaking of miners.