Cloud Mining is very profitable $$$

[coin123123]

Hi all!

Everywhere on forum I read that mining is bad investment but from my calculations it is not:

from this calculator: http://bitcoin.web-share.nl/
said 50 GHs mines 1.2BTC per month

on cex.io 1 GHs cost 0.07BTC so 50 will cost 3.5

after 3-4 months investment should return and than is pure profit for life

where am I wrong

[niothor]

Hi all!

Everywhere on forum I read that mining is bad investment but from my calculations it is not:

from this calculator: http://bitcoin.web-share.nl/
said 50 GHs mines 1.2BTC per month

on cex.io 1 GHs cost 0.07BTC so 50 will cost 3.5

after 3-4 months investment should return and than is pure profit for life

where am I wrong

You assume that difficulty won't change
Once/if  Cointerra, knc, Hashfast deliver their miners you won't be making that much anymore

This is a very rough estimate , on 50gh at a cost of 3500$ and a difficulty increase of 30% monthly.
http://mining.thegenesisblock.com/a/f87aca7a3c
Play with it.

[crytpon]

you need to take into account for difficulty changes and price for GHS changes

[WayTooGosu]

The difficulty will change and this is a bad idea for now because  if you are buying with BTC once the rate crashes, you would have spent 3500 USD to get 50 GHS and mine only 1 BTC per month which may only be worth 300 dollars then or whatever the rate is at.

[winit4com]

Since bitcoin is modeled on any natural resource, like the chemical element Gold.
The size of the lead shovel = GHashs/s determines the difficulty.
Since the shovel size follows Moore's Law, the price of production or acclamation closely tied to shovel price.