Is it possible to cloud mine and make profit right now? ETH is 180$ right now and im gonna be using hashflare because it cost 2.2$ per 100kh. I put it into a calculator and because im gonna invest 220$ it will be 10mh. i will be making around 60$ a month. The contract is 1 year so i will make everything back in 4 months. Im new to mining so if im not correct pls tell me.
So i put all the info into a calculator to mine litecoin and it says i will make 680$ a month with .16cent $ power. Is this true or am i not calculating something into it.
Since crypto currency is starting to rise again I decided i want to start mining. I don't have much to invest around 200-300$. Can i profit using usbs? I like the look of it and its not to lound. With my money i can probably buy around 30? Or is it better to buy something else. Also is mining bitcoin still profitable because of the difficulty or is it better to mine something else like litecoin?