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Author Topic: Top Cloud Miners Compared by Profitability  (Read 19588 times)
kaprosuchus (OP)
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July 28, 2015, 01:24:52 PM
 #161

Hashnest used to be an inefficient market with different profitability among the mining contracts offered. That is no longer the case. See https://forum.bitmain.com/bbs/topics/1918 for details.

Since there is no longer an advantage to a particular contract it would make sense to buy the contract that is most liquid which is S5. However, there is an interesting glitch that may make UMISOO a hedge against bad pool luck explained at https://forum.bitmain.com/bbs/topics/1929

We will be working on a trading stategy for Hashnest based on momentum and will publish details once underway. At the moment we have our investment at Hashnest divided between UMISOO and S5.

We were not happy with the returns on our PACMiCv1 contract see our blog article how to profit with Bitmain Hashnest for details.

Just for grins we noticed ZeusHash VGHSv1 is back in stock and bought some today will report yield in 30 days. Not really expecting much but we like to try out the options to give our readers the real skinny.

Hey, thanks for the links.  I like your blog!

To the OP: I got a "site disabled for violating terms" or some such nonsense.  I hope you can get it back, because this site is freaking awesome.  Thanks for the site so far, and I hope to see it up again soon Smiley

Thanks for the encouragement!  My site is back up again!  It seems that someone is harassing me by "reporting" my site without telling me what their complaint is.

I've tried to pack in all of the information I'd want to see into my profitability comparison table.  I'm glad you're finding it useful!  Wink

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kaprosuchus (OP)
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July 28, 2015, 02:26:28 PM
Last edit: August 07, 2015, 02:54:01 PM by kaprosuchus
 #162



Updated cloud miners ranked by daily payout here: https://sites.google.com/site/freebitcoinsforall/   Wink

anderson00673
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July 29, 2015, 06:30:00 PM
 #163

Just a question, what is the difference between Umisoo and umisoo averaged?  I know it should be obvious, so sorry for the noob Tongue
kaprosuchus (OP)
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July 30, 2015, 01:47:54 PM
 #164

Just a question, what is the difference between Umisoo and umisoo averaged?  I know it should be obvious, so sorry for the noob Tongue

The UMISOO listing is calculated with the most current price available.

The UMISOO AVERAGED listing is calculated as an average daily price starting July 10th.

Thanks for your question.  Wink

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July 30, 2015, 01:49:11 PM
 #165

Just a question, what is the difference between Umisoo and umisoo averaged?  I know it should be obvious, so sorry for the noob Tongue

The UMISOO listing is calculated with the most current price available.

The UMISOO AVERAGED listing is calculated as an average daily price starting July 10th.

Thanks for your question.  Wink

Looks like u r master of HashNest Wink
kaprosuchus (OP)
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July 30, 2015, 01:50:34 PM
 #166

Re: asking about cloud mining in general:

The Zeus VGHS offers a quick payback but very very low return on investment, similar to the HashNest PACMiC.

Everything is pretty high risk in the Cloud Mining department and I'd say the AntS5's are going to hold their value and continue to payout more consistently than anything else.

UMISOO looks pretty attractive at the moment but as we all know, the BTC to USD ratio could swing in the wrong direction and UMISOO would be back underwater at the drop of a hat.

So, still better odds than an online casino, but don't forget it's all a risk.

And to answer your question, in my opinion, there is no compelling reason to look at anything except AntS5 and UMISOO.  The other HashNest offerings trade at much lower volume so you would have a lot of trouble getting out of them if you decided to sell at some future date.

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July 30, 2015, 03:08:23 PM
 #167

As a day trader I take a different approach to buying at Hashnest. I am not concerned with ROI but only yield/day and price trend. I only hold open positions for one day usually. If you go into your account and check one day chart history for the contracts only UMISOO and S3 are trending up. Don't bother with S2 as volume is too low and market is not liquid. I would not buy S5 as price is in a downtrend.

Both UMISOO and S3 price are in good uptrends. They also offer the highest return per day for mining if you have a position open. When I place an order I try to buy at 1% less than the last price, when filled I place a sell order at fill plus 2%. I can usually get a 2% return per day. Some days I may settle for 1% depending on price action. 1% per day is still 30% per month without the risk of buy and hold.

kaprosuchus (OP)
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July 31, 2015, 10:04:10 PM
 #168

I've been researching daily reinvestment to produce compound daily interest vs. accumulating simple interest and ignoring your principal.

I've accounted for GH/s value decline over time and mining difficulty increases and I found something I wasn't expecting.

It looks like if you start out with an average of 0.3% earned per day you actually make (lose) (-59.75%) of your original investment.  If you simply chose to accumulate instead of reinvest your earnings (over a 366 day example) you actually make 114.301619216228% of your original investment (even without including your principal!!).

Here's a brief overview of my conclusions:

Starting with a daily payout percentage of 0.3=Daily compounding earns (-59.75%) of what you would earn by simply accumulating your mining payouts.

0.3=(-59.75%)
0.4=1.43%
0.5=37.34%
0.6=69%

To earn an equal or greater amount by compounding than you would with accumulation, you need to start with a minimum of 0.7% daily payout percentage.

0.7=103.45%
0.8=144.46%
0.9=196.04%
1=262.72%
1.1=350.37%
1.2=466.78%


Questions welcome!  This is a puzzle I've been trying to figure out since I first became interested in bitcoin!  Wink

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August 03, 2015, 03:35:41 AM
 #169

I've been researching daily reinvestment to produce compound daily interest vs. accumulating simple interest and ignoring your principal.

I've accounted for GH/s value decline over time and mining difficulty increases and I found something I wasn't expecting.

It looks like if you start out with an average of 0.3% earned per day you actually make (lose) (-59.75%) of your original investment.  If you simply chose to accumulate instead of reinvest your earnings (over a 366 day example) you actually make 114.301619216228% of your original investment (even without including your principal!!).

Here's a brief overview of my conclusions:

Starting with a daily payout percentage of 0.3=Daily compounding earns (-59.75%) of what you would earn by simply accumulating your mining payouts.

0.3=(-59.75%)
0.4=1.43%
0.5=37.34%
0.6=69%

To earn an equal or greater amount by compounding than you would with accumulation, you need to start with a minimum of 0.7% daily payout percentage.

0.7=103.45%
0.8=144.46%
0.9=196.04%
1=262.72%
1.1=350.37%
1.2=466.78%


Questions welcome!  This is a puzzle I've been trying to figure out since I first became interested in bitcoin!  Wink

Hi, sorry I don't quite understand, but are you saying that re-investing is worse than taking the payout and hodling it?
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August 03, 2015, 12:45:32 PM
 #170

I've been researching daily reinvestment to produce compound daily interest vs. accumulating simple interest and ignoring your principal.

I've accounted for GH/s value decline over time and mining difficulty increases and I found something I wasn't expecting.

It looks like if you start out with an average of 0.3% earned per day you actually make (lose) (-59.75%) of your original investment.  If you simply chose to accumulate instead of reinvest your earnings (over a 366 day example) you actually make 114.301619216228% of your original investment (even without including your principal!!).

Here's a brief overview of my conclusions:

Starting with a daily payout percentage of 0.3=Daily compounding earns (-59.75%) of what you would earn by simply accumulating your mining payouts.

0.3=(-59.75%)
0.4=1.43%
0.5=37.34%
0.6=69%

To earn an equal or greater amount by compounding than you would with accumulation, you need to start with a minimum of 0.7% daily payout percentage.

0.7=103.45%
0.8=144.46%
0.9=196.04%
1=262.72%
1.1=350.37%
1.2=466.78%


Questions welcome!  This is a puzzle I've been trying to figure out since I first became interested in bitcoin!  Wink

It's not a puzzle, it's common sense. Doubling down on a good investment leaves you with more money, doubling down on a bad investment leaves you with less money.

If a miner will generate more coins than you pay to get it (or hashpower from a cloud mining site) getting more of them or more hashpower will leave you with more money than you started with. If it doesn't "reinvesting" will just lead to more bad investments and less money.
kaprosuchus (OP)
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August 03, 2015, 12:58:12 PM
 #171

I've been researching daily reinvestment to produce compound daily interest vs. accumulating simple interest and ignoring your principal.

I've accounted for GH/s value decline over time and mining difficulty increases and I found something I wasn't expecting.

It looks like if you start out with an average of 0.3% earned per day you actually make (lose) (-59.75%) of your original investment.  If you simply chose to accumulate instead of reinvest your earnings (over a 366 day example) you actually make 114.301619216228% of your original investment (even without including your principal!!).

Here's a brief overview of my conclusions:

Starting with a daily payout percentage of 0.3=Daily compounding earns (-59.75%) of what you would earn by simply accumulating your mining payouts.

0.3=(-59.75%)
0.4=1.43%
0.5=37.34%
0.6=69%

To earn an equal or greater amount by compounding than you would with accumulation, you need to start with a minimum of 0.7% daily payout percentage.

0.7=103.45%
0.8=144.46%
0.9=196.04%
1=262.72%
1.1=350.37%
1.2=466.78%


Questions welcome!  This is a puzzle I've been trying to figure out since I first became interested in bitcoin!  Wink

Hi, sorry I don't quite understand, but are you saying that re-investing is worse than taking the payout and hodling it?

Yes, in some cases.  If your initial yield is less than 0.7% daily return, you are better off NOT reinvesting.  At least from what I can tell with my latest calculations...  Wink

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August 03, 2015, 01:11:20 PM
 #172

I find any person willing to pay a cloud mining company nowadays very brave, I simply lost trust in all cloudmining, because the treshold is very low to just pick up the shit and disappear, don't trust it anymore Smiley

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August 03, 2015, 07:51:55 PM
 #173

I find any person willing to pay a cloud mining company nowadays very brave, I simply lost trust in all cloudmining, because the treshold is very low to just pick up the shit and disappear, don't trust it anymore Smiley

I think hashnest is good though, they are owned by bitmain who makes the hardware, so there is some nice synergy there.
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August 03, 2015, 09:46:41 PM
 #174

I'm not a math guy, but have anyone done calculations on zeushash's (yes, I know...) Halley GHS B and their Batch I VGHS...?
kaprosuchus (OP)
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August 04, 2015, 02:27:20 PM
Last edit: August 04, 2015, 07:04:39 PM by kaprosuchus
 #175

I'm not a math guy, but have anyone done calculations on zeushash's (yes, I know...) Halley GHS B and their Batch I VGHS...?



Halley B added to profitability table.  It has a lower fee percentage and lower daily payout percentage.

Halley B is currently ranked 13th and Halley A is in 11th place at the moment.



As for VGHSv130---------------------------------------------------------

Without the payback at 30 days, mining only, days to break even is:  -5441.700637 (with diff projection).

Current expected (mining only) return for 1GH/S of VGHSv1 for 30 days is about 0.0002886 BTC or $0.08089 at current rates.

In real terms, you're looking at an estimated 101.35041736227046% earned in 30 days.  Or 117.4644629848477% if compounded over 12 months.

kaprosuchus (OP)
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August 06, 2015, 05:07:58 PM
 #176

I added two more tables today the first shows how the payout rankings would look if BTC went up 50% and the second shows what would happen if BTC went down 50%.

Check them out and let me know what you think... Wink

https://sites.google.com/site/freebitcoinsforall/

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August 06, 2015, 08:02:01 PM
 #177


 I think you should not use hashlets or anything related to gaw anymore Cheesy

kaprosuchus (OP)
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August 07, 2015, 02:53:20 PM
 #178



Updated cloud miners ranked by daily payout here: https://sites.google.com/site/freebitcoinsforall/   Wink

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August 13, 2015, 06:34:43 PM
 #179

Hashnest has released a new offer today, PACMiC v3. They have lowered the prize from 1BTC to 0.666 and increased the "bonus rate" to 0.8.

Should make your list, I think?
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August 13, 2015, 07:06:59 PM
 #180

I would like if you add gigahash.org to your list. If needed i can provide you the daily dividends, but they are public also.

They have 3 Types of mining offers:
GHASH1 (Higher fee) [Sold Out]
GHASH2 (Newer miner, higher price)

SHASH1 (Scrypt cloud mining) [Sold Out]
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