Mining Profit Calculation

[mavi007]

This topic is about mining and their profitability. So it is right here.

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Hello.

I have some questions about the profit of mining and cloud mining. Don't kill me, I won't invest in cloud mining. I just have some general questions.

I will calculate on 200 GH/s.
When I got my mining hardware for free and I don't pay for any power, then I will get 0.02590295 BTC a year... this is around $60.66. Look here: https://i.imgur.com/al1czPT.png
Is this correct?


So when it is correct.... we will take a look to genesis mining.
They sell 200 GH/s for $30 and they take a fee of $0.00028 per day for each GH/s.

With 200 GH/s I have $60.66 a year without any costs. When I use genesis mining, I need to pay $30 and $20,44 fees per year.
So I have $10,22 profit after one year.


I just want to know, if my calculations are correct. I know cloud mining is shit. I just want to know it.

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[1715641843]

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[1715641843]

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[Flying Hellfish]

This topic is about mining and their profitability. So it is right here.

_____________

Hello.

I have some questions about the profit of mining and cloud mining. Don't kill me, I won't invest in cloud mining. I just have some general questions.

I will calculate on 200 GH/s.
When I got my mining hardware for free and I don't pay for any power, then I will get 0.02590295 BTC a year... this is around $60.66. Look here: https://i.imgur.com/al1czPT.png
Is this correct?


So when it is correct.... we will take a look to genesis mining.
They sell 200 GH/s for $30 and they take a fee of $0.00028 per day for each GH/s.

With 200 GH/s I have $60.66 a year without any costs. When I use genesis mining, I need to pay $30 and $20,44 fees per year.
So I have $10,22 profit after one year.


I just want to know, if my calculations are correct. I know cloud mining is shit. I just want to know it.

No your calculations are not correct...  Factor in difficulty and then have another look, it gets even worse LOL! 

[Amph]

not only the diff, but the fee or maintanace, change accordingly to their own rules, that's why you will never roi there, after all they just want you to invest more and more, it's their business

leave cloud mining alone, just buy your antminer s9 and be happy at your home by making some money without doing anything, you should do good even with not very cheap electricity

[philipma1957]

I cloud mine with hashnest  it is run by bitmain.

What makes them have half a chance at profit is  you can buy and sell the hash every day.

I know of no other place that works for cloud mining.

Over the last few years I turned small profits with them.