Post
Topic
Board Mining speculation
Re: Mining Investment - need expert opinion, would pay for consultation
by
TheDragonSlayer
on 26/11/2014, 14:43:15 UTC
Hi,

I need some expert to gauge whether a BTC Mining investment I am offered is profitable.

The cliffs:
- 10k GBP buys 1k MHs for 3 years.
- 50% of profits will be retained by the company
- the most profitable of the currently 14 most liquid coins is mined and exchanged into BTC on a daily basis

example calculation with the assumption = BTC stays constant at 250GBP/BTC:
30k GBP = 3k MHs mine 13.05 BTC in 3 weeks = 1087.54 GBP
after 50% fee = 543.77 per week profit
after 3 years = 84828.12 GBP

Is this realistic?

I would be happy to pay a consultation with an expert via Skype if this is not completely unrealistic.

Which cloud mining you are talking about? You should just go for trusted one like pbmining and hashnest. Also, your calculation is out cause the difficulty is increasing at a very fast rate.