Advice from Negativ: Cloud mining - how to mine profitable

[dragonmike]

Ok, but how do you know the retargeting will lead to a substantially lower diff? In theory, if miners are finding blocks quicker, the re-targeting could be higher...?

there is a difference - you found 100 blocks per day or per hour.
If for an hour, the remaining 23 hours you will spend on mining something else.
the difficulty is how often you can find a block. On hi diff rarely, on low-often.

Sorry I think you misunderstood.
What I meant is that you will know when the next difficulty retargeting will be (because you know there are 2016 blocks apart).
But how do you know whether it will retarget difficulty higher or lower (and by how much)? By comparing the actual time it took to mine these 2016 blocks vs the theoretical 2016 minutes?

[Negativ_mi]

Ok, but how do you know the retargeting will lead to a substantially lower diff? In theory, if miners are finding blocks quicker, the re-targeting could be higher...?

there is a difference - you found 100 blocks per day or per hour.
If for an hour, the remaining 23 hours you will spend on mining something else.
the difficulty is how often you can find a block. On hi diff rarely, on low-often.

Sorry I think you misunderstood.
What I meant is that you will know when the next difficulty retargeting will be (because you know there are 2016 blocks apart).
But how do you know whether it will retarget difficulty higher or lower (and by how much)? By comparing the actual time it took to mine these 2016 blocks vs the theoretical 2016 minutes?

the easiest way: see how many people are mining now )
and see how much will mine on low diff .
The other question-when will change. It's hard to calculate exactly, only approximately. I think the next change of difficulty will happen tomorrow. Or tonight, if a lot of people come in.

[dragonmike]

Actually blocks are currently being found way too slowly. This would suggest the next retargeting will lower the diff quite substantially.

[ethereumhunter]

I do not recommend to do cloud mining because all in all, you will not making a profit with the site especially today, there is too many cloud mining site that claims they are legit one but the truth is they will run away after a few months later. it still better to buy a hardware and mining in our home but it depends on how much electricity fee that we should pay. maybe in a few years ago, cloud mining can give profit to you, but now, I don't think that you can get ROI in the short time.

[Negativ_mi]

I do not recommend to do cloud mining because all in all, you will not making a profit with the site especially today, there is too many cloud mining site that claims they are legit one but the truth is they will run away after a few months later. it still better to buy a hardware and mining in our home but it depends on how much electricity fee that we should pay. maybe in a few years ago, cloud mining can give profit to you, but now, I don't think that you can get ROI in the short time.

I gave an example in the article how you can earn on cloud mining. The problem was so simple that I declare that cloud mining is not profitable)
Because of the simple users who are trying to replace the order at any cost go to a very low price.

But if you have a powerful farm - this method will work for sure.

[Negativ_mi]

Gentlemen, remind!
Starting with block 334656 low diff
try nisehash in solo mining