Let's take a look at Cloud Hashing.
According to their terms of service, your payout is reduced by 40%, because of:
"(a) We collect 10% of the Product as a management fee for operation of the Pool and associated
activities;
(b) We collect 30% of the Product (the “Reinvestment Product”) which is then reinvested into
additional or replacement Bitcoin Mining Hardware at our sole discretion and in accordance with
Clause 2.4."
Therefore, the loss of profit calculated using
https://bitclockers.com/calc is actually higher in reality.
Let's say we buy their best contract of Platinum for $949.95 for two years + the processing fee $28.37.
No! Wait now, "when they use '$', they meant British pounds' It get better... right?
Yeah, I get to use google calculator and find out how much I am actually paying.
Link:
http://lmgtfy.com/?q=978.32+british+pounds+to+USDThat is fucken great...... "Join For Under $1000"
Well, I guess if you think $1558.17 is under $1000, it's okay.
But to me that is false advertising. The "$" not a typo, it's in their shopping cart and used in 4 of their listed plans.... but magically, it shows 978.32 British pounds when you get to the payment processor. It is merely a tactic to trick buyers.
So when I calculated this, I had to put a value for the cost of watts, I put .3510 and watts use to 0. (They don't charge kWh.) Anything multiplied by 0 doesn't matter, so the price for kWh does not matter.
I inputted all the details according to their Platinum plan.
And guess what? You better hope your immortal and that they extend your plan beyond 2 years. The reason is at minimum, it will take1130 years 40 weeks 1 days 18 hours 40 mins 39 seconds to break even.
