Cloud Mining / Roi / Difficulty

[coinfan91]

Hello Guys,

i have a question and hope you can help me.
For Example if I buy for 13.000 $ 100 TH/s on genesis mining.
The Calculator from https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH%2Fs&PowerConsumption=333&CostPerkWh=0.0 says it mine per Year
Ƀ 10.67.

I know it is not the final mining result because the increasing difficulty is not considered.
But how can I create a relatively accurate calculation how much Bitcoin really end up coming out? Also the fees of Genesis still have to be considered.

Do you think it is so at all possible to increase bitcoins with cloud mining?

Thank you

[efeaydin]

Theoretically you'll start to profit after 5 months.

But as you told, increasing difficulty is not considered.

[coinfan91]

Yes, thats the question how much will make the difficulty.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.

[efeaydin]

Yes, thats the question how much will make the difficulty.
My main idea was why let Bitcoin in my wallet if i can let they mine more bitcoins.

I agree with you. Also Bitcoin price goes higher when difficulty increases so you won't lose money.

[coinfan91]

i hold btc and many other coins.
I dont want to buy btc i think about to buy mining power at genesis or hashflare ( with btc not with fiat ) or anywhere else, to increase my BTC Amount. Thats why i asked if anybody know how much will decrease the final btc amount because of the difficulty. Or is it impossible to get a Approximate estimate?

[xFiber]

Theoretically it might be profitable bit that is just considering the difficulty and price doesn't change. And matter of fact, both change constantly. So it's very hard to predict whether you will be in profit. But I highly advise you  to NOT invest in Genesis mining. They probably legit but their business is getting more questionable by the day. They didn't pay put for 2 weeks. I invested 0.013 btc in this shit site and I wish I would have that money back.

[nwnc666]

you have to count the 28% maintenance fee and deducted from the total to know your profit...
the good thing is as bitcoin is going up you'll get your investment sooner.
I used this code gf3CTB for 3% less on my purchased and saved me few bucks too.

[BitMaxz]

For me much better to don't spend time in such a scam cloud mining site there are no cloud mining site that can gives you real profit..
Most of the cloud mining site are scam so better to stay away if you want to make a profit invest in bitcoin and hold it for a long time and sell it wait for the decrease of the price and buy again for cheap price just to taking the advantage of the price movement..
If you calculate your roi in cloud mining site the difficulty is always changing that i think until you will not making any profit .. and mostly base in my own experience you are just letting you invest more and scam in the end..

[DaMut]

Let me warn you before,
do not ever put your money into Cloud Mining or something like that(buying contracts for a year or something like that).
Because you will never get it back,it's like you are giving away your money to them.
Reason :
1.Electricity Fee
2.Difficulty
3.Hidden Fee

They put a so called 'Calculator' to calculate your income if you buy their contracts,
but in reality you will never get what you see on it.

Especially Genesis Mining,go here for one of costumer GM who's complained about their contracts :
https://bitcointalk.org/index.php?topic=1185909.0

or type in google if you're looking for more.

[eagleman]

Stop investing in cloud mining, it will never work and worth of your time and money. Simply buy bitcoin and hold it for a longer time.
This is much better to put your investment, stay away from those scams.

[mrcash02]

With $13.000 in Cloud Mining you will never hit ROI. Just to let these $13.000 in BTCs in a cold wallet worth much more. After some months or years you will can earn much more than 100% profit over this amount while at Cloud Mining investment nobody knows! The only certain is that you won't be able to recover your investment (in fiat price possible, but you will never hit BTC ROI).

Or you can split the $13.000 in some amounts and invest it in few sites of the Crypto-Currency world, withdrawing the profit often to minimize the risks.

[aoihs00]

The calculator is all you can trust really. The difficulty is going to increase Day by day for sure because daily hundreds of miners jump into the mining industry and try their hard luck. Of course it has got so difficult now a days that the PPLNS share reward has dropped to four times what it was earlier in the start. This now is not possible to get unless and until your hash rate is bigger. To be honest try to mine with caution on any cloud sites. With 13,000 USD you can actually set up your own miners. To be honest that would give you lifetime opportunities to earn bitcoin.

[Tyrantt]

I wouldn't suggest you to invest at cloud mining at all. I loved cloud mining at cex.io a few years ago and I've actually got a ROI without practically investing anything but now even they've stopped selling hashrates, they're just too unprofitable, and I've tried looking at cloud mining again and could't find the legit one or the one where you could actually profit from.

[crazyivan]

No, NO, NO and NO.

Genesis Mining is nothing but an ordinary legal scam. There s no way u ll ever make money with them.

My suggestion is to try PoS coins, something like this:

https://bitcointalk.org/index.php?topic=1931773.0

[tsaroz]

In my calculations, bitcoin ROI will be after 19 months and till that time, your maintenance cost would have surpassed your profit.
Conclusion, holding bitcoins is more profitable than genesis cloud mining.

[sunsilk]

Do you think it is so at all possible to increase bitcoins with cloud mining?

No, it's not possible to increase your bitcoin in cloud mining, the contracts aren't that advantageous for the investors and the possibility that investors can be scammed is there.

Also just stop investing or putting too much attention into these scam because it's not that really worth.

[thatguy42]

I wouldn't suggest you to invest at cloud mining at all. I loved cloud mining at cex.io a few years ago and I've actually got a ROI without practically investing anything but now even they've stopped selling hashrates, they're just too unprofitable, and I've tried looking at cloud mining again and could't find the legit one or the one where you could actually profit from.

Yeah I remember when CEX.IO was profitable.
S7 antminer's on hashnest are still profitable.
At least on hashnest you can sell your gh/s at any time; to take out your capital.
I started with $650 in March and now I'm up to 21,000 gh/s
Over $400 per month if I don't sell my gh/s
$2945 if I sell all my gh/s
In CDN dollars.

[maeusi]

Theoretically you would have an ROI after around 20 months. But there would be two questions about genesis lifetime contracts: Will genesis only calculate the difficulty, that will get higher and higher or is also increasing Bitcoin calculated? On hashflare for example gives with raising bitcoin less profits so that I fear, I never will reach ROI.

[Tyrantt]

I wouldn't suggest you to invest at cloud mining at all. I loved cloud mining at cex.io a few years ago and I've actually got a ROI without practically investing anything but now even they've stopped selling hashrates, they're just too unprofitable, and I've tried looking at cloud mining again and could't find the legit one or the one where you could actually profit from.

Yeah I remember when CEX.IO was profitable.
S7 antminer's on hashnest are still profitable.
At least on hashnest you can sell your gh/s at any time; to take out your capital.
I started with $650 in March and now I'm up to 21,000 gh/s
Over $400 per month if I don't sell my gh/s
$2945 if I sell all my gh/s
In CDN dollars.

Is it profitable on hashnest?  I was looking for some passive income but didn't know that there was still some legit cloud mining website. Well I don't have that much of a capital to invest, so I don't know if it profitable to invest far lower amount, due to fees and such.

[sumangs]

Your profit is not as you will expect the cloud mining promise you since the difficulty increases time to time. The hash rate you buy is not constant with the time since the more difficulty the less bitcoin to be mined which makes the return of investment takes time to achieve. Yes the hash rate is lifetime but your profit isn't so think twice before investing in cloud mining even it is legit or not.