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Muhammed Zakir (OP)
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May 31, 2014, 12:28:21 PM |
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Hello!
Is cloud mining profitable than mining in home?
Is there any cloud mining calculator?
I am thinking about buying 5TH/s miner but after I heard about cloud mining I don't know what to do. Can
you tell me which option should I take? Buy 5TH Miner Or Buy GHs/KHs?
If cloud mining more profitable, where should I buy it (Please specify Maintenance cost and pool fee) ?
Kindly,
Muhammed Zakhir
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byt411
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May 31, 2014, 02:32:30 PM |
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Hello!
Is cloud mining profitable than mining in home?
Is there any cloud mining calculator?
I am thinking about buying 5TH/s miner but after I heard about cloud mining I don't know what to do. Can
you tell me which option should I take? Buy 5TH Miner Or Buy GHs/KHs?
If cloud mining more profitable, where should I buy it (Please specify Maintenance cost and pool fee) ?
Kindly,
Muhammed Zakhir
Cloud Mining would take a fee for electricity and hosting. Buying a miner would require maintenance and electricity. Do what you like, do your own research. |
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Muhammed Zakir (OP)
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June 02, 2014, 09:21:29 AM |
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Cloud Mining would take a fee for electricity and hosting. Buying a miner would require maintenance and electricity.
Do what you like, do your own research.
Hello! What is your opinion? How many BTC will they deduct from the payment as electricity and hosting fee? Kindly, Muhammed Zakhir |
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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June 02, 2014, 10:58:34 AM |
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Cloud mining will always be more expensive than mining at home or getting a miner and just colocating it.
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byt411
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June 02, 2014, 05:12:59 PM |
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Cloud Mining would take a fee for electricity and hosting. Buying a miner would require maintenance and electricity.
Do what you like, do your own research.
Hello! What is your opinion? How many BTC will they deduct from the payment as electricity and hosting fee? Kindly, Muhammed Zakhir That depends on the company. cex.io takes a $0.26/GHs/month fee. PBMining doesn't take a fee. |
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jamesc760
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June 03, 2014, 11:22:19 AM |
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Neither.
Just buy btc directly and hold for a year. Guaranteed profit.
If you mine, whether cloud-mining or mining at home, you will always be chasing more hashrate due to rising difficulty. Do more research.
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DolanDuck
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June 03, 2014, 12:28:40 PM |
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Yes, just buy bitcoins directly is the best solutions expecially in this period.
By the way if I had to choose between cloud mining or at home I would prefer the first
mainly because it's easier to handle and has less unexpected events.
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ChuckBuck
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June 03, 2014, 01:50:33 PM |
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Cloud mining or mining at home? Neither. Mining at colo with low electrical and maintenance costs, perhaps. Buy and HODL is sooooo boring.  |
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Pony789
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June 03, 2014, 04:28:00 PM |
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If you are looking for profit, just buy bitcoin directly. If you are looking for fun, you could buy any ASIC you can afford. Cloudmining is not profitable nor fun lol.  |
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XScrypt
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June 06, 2014, 01:35:24 AM |
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Cloud mining and home mining are both losses at this point. You'll be lucky to break even with all the new hashing power that's coming online.
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LTC- LKdDXfJbCqMHpqTZwhaMKRE51eA7PPsCYy
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Salmon1989
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June 06, 2014, 08:39:32 AM |
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Is cloud mining profitable than mining in home?
Is there any cloud mining calculator?
No. You don't need a special calculator for cloudmining. You can use https://bitcoinwisdom.com/bitcoin/calculator and enter the maintenance fee of the cloudmining service. IMO, it is better to just buy and hold bitcoin. |
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Muhammed Zakir (OP)
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June 06, 2014, 11:59:30 AM |
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Thanks! What is IMO? Sorry, I am not good at trading. Kindly, Muhammed Zakhir |
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Justin00
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Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
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June 06, 2014, 12:52:58 PM |
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I would only do mining at home. having a tangible assest is a lot better than a virtual contract, sure a contract is cheaper, but you have nothing to show. plus alot of companies are s cams, and i would want to know I actually hve the real hasing power.
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Muhammed Zakir (OP)
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June 06, 2014, 01:38:57 PM |
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I would only do mining at home. having a tangible assest is a lot better than a virtual contract, sure a contract is cheaper, but you have nothing to show. plus alot of companies are s cams, and i would want to know I actually hve the real hasing power.
That is a nice statement. I really appreciate it!  Kindly, Muhammed Zakhir |
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KimNam
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June 06, 2014, 05:08:28 PM |
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Thanks! What is IMO? Sorry, I am not good at trading. Kindly, Muhammed Zakhir IMO = In My Opinion he doesn't suggest trade, just buy BTC and keep it sell when you need cash or you think it is the right price no need to daily trading i think this is more profitable than mining right now |
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david123
Legendary
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Activity: 1022
Merit: 1004
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June 06, 2014, 06:04:39 PM |
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Buy and HODL is sooooo boring. You could make it more thrilling if you hodl the coins in a shady online wallet which you check every day from different internet cafes.  |
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ChuckBuck
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June 06, 2014, 08:02:31 PM |
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Buy and HODL is sooooo boring. You could make it more thrilling if you hodl the coins in a shady online wallet which you check every day from different internet cafes. I said it's boring, I didn't say I want to lose my stash!  |
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Muhammed Zakir (OP)
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June 07, 2014, 05:09:08 AM |
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IMO = In My Opinion
he doesn't suggest trade, just buy BTC and keep it
sell when you need cash or you think it is the right price
no need to daily trading
i think this is more profitable than mining right now
Thanks for the suggestions. Kindly, Muhammed Zakhir |
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cooldgamer
Legendary
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Activity: 1218
Merit: 1003
We are the champions of the night
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June 07, 2014, 05:19:27 AM |
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I recommend getting some hosted miners over Here. They are setup and mining on your pool within 2 days, $225 a month hosting fee each. It comes out to under half of the Cex.io cost and a cheaper maintenance. |
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PolarPoint
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June 07, 2014, 05:28:56 AM |
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It is not a question of cloud or home mining. The key question is whether to mine at all. Bitcoin might be heading into an upward trend. The best bet at the moment is to buy bitcoin and wait for it to appreciate.
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cooldgamer
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Activity: 1218
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We are the champions of the night
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June 07, 2014, 05:30:50 AM |
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It is not a question of cloud or home mining. The key question is whether to mine at all. Bitcoin might be heading into an upward trend. The best bet at the moment is to buy bitcoin and wait for it to appreciate.
Buying machines in bulk, he might actually have a chance of making ROI. It all depends on how fast you think the difficulty will go up. |
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ajw7989
Legendary
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Activity: 924
Merit: 1000
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June 07, 2014, 06:48:45 PM |
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Buying bitcoin or buying mining equipment is all based on calculations. If the difficulty starts to plateau you will make roi with mining equipment but if it spikes it wont ROI. Buying bitcoin is usually less of a gamble especially on an uptrend but of course its not as much fun as mining.
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 14, 2014, 03:01:25 AM |
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Buying bitcoin or buying mining equipment is all based on calculations. If the difficulty starts to plateau you will make roi with mining equipment but if it spikes it wont ROI. Buying bitcoin is usually less of a gamble especially on an uptrend but of course its not as much fun as mining.
Difficulty is not showing any signs of plateauing anytime soon. |
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tuanvie
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June 20, 2014, 11:39:13 AM |
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The first is that you can count on electricity costs then if you could ask your calculator here https://www.alloscomp.com/bitcoin/calculatorcloudmining you can try to monitor cex, io or pbmining. and if you ask for a cloud or mining house, it depends on your decision, you should be ready with all the |
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KimNam
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June 21, 2014, 12:26:01 AM |
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The first is that you can count on electricity costs then if you could ask your calculator here https://www.alloscomp.com/bitcoin/calculatorcloudmining you can try to monitor cex, io or pbmining. and if you ask for a cloud or mining house, it depends on your decision, you should be ready with all the that calculator doesn't have many options to calculate mining or cloud mining profitability i suggest you try this one https://bitcoinwisdom.com/bitcoin/calculatorcheck it out and you can see many options |
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Harley997
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June 21, 2014, 06:54:36 PM |
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The first is that you can count on electricity costs then if you could ask your calculator here https://www.alloscomp.com/bitcoin/calculatorcloudmining you can try to monitor cex, io or pbmining. and if you ask for a cloud or mining house, it depends on your decision, you should be ready with all the You still pay for electricity with cex, it is just not as obvious that you do |
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 21, 2014, 09:20:21 PM |
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The first is that you can count on electricity costs then if you could ask your calculator here https://www.alloscomp.com/bitcoin/calculatorcloudmining you can try to monitor cex, io or pbmining. and if you ask for a cloud or mining house, it depends on your decision, you should be ready with all the You still pay for electricity with cex, it is just not as obvious that you do Exactly. Even though PBmining says they don't charge additional fees for electricity, it is still built into the cost of your contract. |
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trand
Full Member
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Activity: 252
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Streamity Decentralized cryptocurrency exchange
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June 23, 2014, 10:14:26 AM |
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i just suggest you dont choice cloud mining, more profit if you use your own miner gear,
i have try cloud mining but my earning very slow than my gear even though I use the same speed
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 24, 2014, 04:03:27 AM |
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i just suggest you dont choice cloud mining, more profit if you use your own miner gear,
i have try cloud mining but my earning very slow than my gear even though I use the same speed
Cloud mining is for people who are not able to tend to the day to day tweaking of miners. |
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