Cloud vs Grid 5 ASIC mining

[Mithril1977]

Hey all. I'm looking for some fun and have been researching cryptos for quite some time. I'm looking to use about $500 bucks or so and wondering where/how I would find out which would be best bang for buck to start? I've used calculators but I hear that they do not work on cloud mining. (Fyi looking at 2 of the Grid5's which are $400 pair) for 600 kh/sec. Side note I have free electricity.

Cloud mining vs scrypt asic Grid5s is what i'm currently looking at. At my level of mining/spending which is a better service for long term investment (if they do indeed go up).

I would appreciate any insight or input. Thanks for your time.

[beatljuice]

You can use the calculators for cloud mining, it just requires a little math.

To figure out cloud hashing for CEX.IO on CoinWarz you look up CEX.IO's numbers which are 1.5 watts per GHz and $0.30 per KW. So if you buy 100 GHz, that's 150 watts and 30 cents per KW. Plug those numbers into CoinWars and you get your profit.

I personally like PBMining (see my link in sig).  Where I just buy a 5 year GHz contract and don't have to worry about electricity and such. Then I can see my profit on https://bitcoinwisdom.com/bitcoin/difficulty by just typing in my number of GHz.

[incognitoworker]

If you have free elec, look at r9 270 gpus.
450khs for 170usd.
Beats gridseeds atm, since you dont pay for elec!