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1  Economy / Service Discussion / Bitcoin cloud mining on: December 17, 2017, 02:06:37 PM
Hello,
I am new to cloud mining.

I would like to mine bitcoin on hashflare, but I am not sure if it will be profitable due to increased bitcoin mining difficulty.

I would buy $200 1.5 hashpower

The bitcoin calculator tells me I can make ~ $1,000 profit over 12 month.

But this is only if bitcoin price stays at $19k and current mining difficulty.

If bitcoin increases above 20k, I will make profit, but mining difficulty will also increase?

If it worth mining bitcoin on hashflare or is it too late to start now?

Most people on internet say it is profitable but they have profited from huge increase in bitcoin price.

Maybe if I mined another crypto like Litecoin, there is room for big increases in price in 2018?

What you think? Thank you.
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