Unlimited cloud mining contracts bitcoin calculator 2017
The contract itsself cost slightly more than a mining unit. If you think that Bitcoin price will increase and outperform the difficulty - this contract could be a good choice. It could be possible to gain profits at least until next reward halving day. I'am almost certain that from that point on the contracts will end because profts can't be covered by the daily fee anymore. I still like the eth contracts i was able to buy when btc was near 3k.
Genesis Mining is very often closed ahead of time, I once wanted to invest money, but I was told that this is a financial pyramid. Not really a pyramid since Genesis Mining are running a real business - they have real mining equipment running.
But there are indeed many black sheeps in the Cloud Mining market - which don't really run a mining business and instead a pyramid scheme - so take care when investing into other offerings. When investing money you just wanna maximize your profits. The simplest thing you could do is buy some Steem for example if you think - the value of Steem will raise over the next few month or years - just like an asset on the stock market. Mining contracts are a little bit harder to understand because your gains are affected on two factors market price of your crypto-asset and mining difficulty.
Mining difficulty raises if more and more people start mining a specific cryptocurrency - so you get a smaller peace of cake of those mining profits every day. Thats why i'am looking for really good value, before investing into a mining contract on Genesis Mining.
Today for example they listed X11 contracts again - as it looks now it could be a good investment. I'll start a new project and special offer for people who wanna get into Genesis Mining this weekend. I won't spoil to much yet, but it will be very useful if you already use Steemit: Thank you you told me a lot of valuable , I will definitely follow your blog!
I love intelligent men. It looks like I need to start using gensis mining. I hope you get some great returns. Keep in mind that network mining complexity is constantly increasing and hash rate power you've bought will not cover maintenance fee in future. In that case only coins exchange rate growth could compensate your investment.
Anyway, this is just my small research and not an investing recommendation. Who knows what the price will be in one year? I've transfered SBD rewards from the post to you. I Invest much money in cloud mining. With that i have not so good experience It gives not so many good options If you are interested how your ROI compares to cloudmining contracts; I test and compare all the largest cloudmining contracts with actual proof of mining gear in a google sheet file.
I regularly update it so everyone can get the best deal for their money at any time! I also describe all the criteria you should take into account before buying a cloudmining contract. If you are interested you can find it on: Is it cloud mining profitable?
Let's investigate what services are proposed now. Image source I consider 3 quite popular cryptocurrencies: Coins exchange average rates for May, 28 from coinmarketcap API: Annual profit is