Post
Topic
Board Service Announcements
Re: ✅ Cloud mining by ECOS
by
subSTRATA
on 05/07/2019, 11:38:54 UTC
I don’t understand a bit, but how profitable is it now cloud mining? I would like to start using it.

Dear Zianingbu,

Let’s have a look at the estimated profit of our contracts based on current mining difficulty and BTC price on July 05, 2019.

✔️Example: 365 days contract, 1 TH, price 39 USD

Based on the information, provided on BTC.com, 0,00003169 BTC is the mining earning of 1 TH per day, which is 0,35 USD (with exchange rate = 11186 USD for 1 BTC). The daily service fee is 0,13 USD, so the daily profit can be estimated as 0,22 USD. The revenue you receive is around 81.9 USD, where your net profit is estimated as 42.9 USD.
If Bitcoin exchange rate grows the profit will be even better.
that's a pretty generous estimate; your estimate assumes a constant block difficulty and consistent rewards.


The difficulty has risen over 50% since January, and according to coinwarz, 24.3% in the last 90 days (https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart). Unless some of the big miners decide to simply shut everything off, the difficulty will only continue to increase, diminishing the effectiveness of hashing power as well as the profitability of these contracts (assuming it's legitimate in the first place). tl;dr, these 'estimates' are incredibly generous at best, and realistically, you'll make pennies, if any at all.

I don’t understand a bit, but how profitable is it now cloud mining? I would like to start using it.
do your own research before putting your money anywhere. after some shady shit like this: https://bitcointalk.org/index.php?topic=5156577.msg51645545#msg51645545
I would just stay away from this entirely.

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as for our referral program - 10% reward is an average %, you may study all cloud mining services, they all provide the same 10%. 
These costs are in our marketing budget. If we offer less % we won't get any partners at all.
Hope you can understand Smiley
I have a feeling these other 'services' you're referring to are just other ponzis that can afford to give out those rates.