Hello everyone,
I'm almost new to this world so please bear with me if I went of base here or even if I didn't make any sense
.
I've been looking into could mining services, in the beginning some of the websites seemed very attractive and got me really interested, but as time passes by I started to understand more and more, at this point I'm not sure if investing in Cloud mining service is even worth it !!
Two quick examples:
1- Hashflare
If i take BTC 1 year mining plan for 10GH/s I might end up with about $2.16 profit at the end of the year according to cryptocompare.com's calculator. That's even without calculating maintenance fees !
So it seems like a total loss.
2- NuVoo
They got a $200 open-ended mining plan for 1865.87GH/s. According to this on cryptocompare.com's calculator I might be able to come up with $402 worth of bitcoin a year. But then they included something called Energy daily fee of $0.00021 per GH. This basically means : (0.00021 * 1864.87) * 365 = around $142 to be deducted from my revenue/profit bringing it down to almost $260 a year.
I'm not sure this is worth the investment, any thoughts? feedback on the mentioned companies? other recommendations?
Cheers,
MysteriouS87
I'm almost new to this world so please bear with me if I went of base here or even if I didn't make any sense
.I've been looking into could mining services, in the beginning some of the websites seemed very attractive and got me really interested, but as time passes by I started to understand more and more, at this point I'm not sure if investing in Cloud mining service is even worth it !!
Two quick examples:
1- Hashflare
If i take BTC 1 year mining plan for 10GH/s I might end up with about $2.16 profit at the end of the year according to cryptocompare.com's calculator. That's even without calculating maintenance fees !
So it seems like a total loss.
2- NuVoo
They got a $200 open-ended mining plan for 1865.87GH/s. According to this on cryptocompare.com's calculator I might be able to come up with $402 worth of bitcoin a year. But then they included something called Energy daily fee of $0.00021 per GH. This basically means : (0.00021 * 1864.87) * 365 = around $142 to be deducted from my revenue/profit bringing it down to almost $260 a year.
I'm not sure this is worth the investment, any thoughts? feedback on the mentioned companies? other recommendations?
Cheers,
MysteriouS87