And again: Ethereum Cloud Mining @Hashflare.io

[JayD007]

Hello,

I am thinking about cloud mining ether. Yeah I know, "Cloud mining isn't worth it,...". I've read a lot cloud mining threads, and it seems like the main opinion is, that cloud mining isn't worth it ( at least for customers).
I just found out, that hashflare.io offers a 1-year cloud mining.
Let's do the math:
5Mh/s cost 0.50709697BTC
I use this site to calculate the expected earning:
https://etherscan.io/ether-mining-calculator
I entered 900Gh/s as network hashrate cause I am pretty sure that it wills increase.
The result is 0.86BTC per week.

Am I missing something? This is too good to be true, right?

If you are planning to invest some BTC in cloud mining, please support me by using my ref link: https://hashflare.io/r/2CC764F6

Kind regards,
DDerTyp!

[Billyboy402]

5Mh/s cost 0.50709697BTC
I use this site to calculate the expected earning:
https://etherscan.io/ether-mining-calculator
I entered 900Gh/s as network hashrate cause I am pretty sure that it wills increase.
The result is 0.86BTC per week.

5 MH/s:
Per week: 9$ or 0.0215 BTC

ROI:
0.507 / 0.0215 = 24 weeks roi (6 months )

[JayD007]

5 MH/s:
Per week: 9$ or 0.0215 BTC

ROI:
0.507 / 0.0215 = 24 weeks roi (6 months )

Uh fml... Mistake found. I am sorry guys, logical thinking....

Anyway, what do you think about cloud mining ether?

[bitcoinperson]

I agree with this article: http://howigrowmywealth.com/ethereum-cloud-mining-waste-money/. That article states that one is better off just buying ETH outright.

[onefinecoin]

When u do these calculations, you do not calculate the service charges that Hashflair charges you. I have SHA256 ( Bitcoin) mining there and I too did the match for 6 months ROI, but in reality they charge me for electricity and maintenance and my ROI becomes 12 months  !!

[bolenath]

Yes, for sure much better buying it for cash money, I'm guessing hashrates and difficulty are going up too, so..