Cloud mining profitability vs CPE mining UPDATE #7

in bitcoin •  last year

Cloud mining profitability vs CPE mining UPDATE #7

percent-171210.png

In this update I've added new gears: ASIC M3 (SHA-256) and GPU 1070. Also I've added new currencies Bitcoin Cash BCH (SHA-256) and Bitcoin Gold BTG (Equihash). Bitcoin Cash could compete with BTC for miners profitability on SHA-256. Bitcoin Gold is a new coin for GPU mining with algorithm similar to ZCash.

Some changes has occurred from my last report a week ago. Bitcoin has climbed 18K$ level and rebounded to 15K$! ASIC miners for SHA-256 become more expensive on the market. Bitcoin mining difficulty continue to grow.

During last 2 weeks Litecoin network difficulty doubling. Could LTC repeat the story with DASH 50x hashrate?

ltc_2017-12-10.png
Litecoinpool

So, we have following parameters at the current mining difficulty level:

|              | rate     |      coins |     price |      mine |       maint |
|--------------+----------+------------+-----------+-----------+-------------|
| BTC-HF       | 10 GH/s  | 1.58e-06   | 1         | 1.5       | 0.0035      |
| BTC-ASIC-M3  | 10 GH/s  | 1.58e-06   | 1         | 1.82756   | 0.00285807  |
| BTC-ASIC-S9  | 10 GH/s  | 1.58e-06   | 1         | 2.2155    | 0.00160817  |
| BCH-ASIC-M3  | 10 GH/s  | 1.986e-05  | 0.0850916 | 1.82756   | 0.00285807  |
| BCH-ASIC-S9  | 10 GH/s  | 1.986e-05  | 0.0850916 | 2.2155    | 0.00160817  |
| ETH-HF       | 100 KH/s | 1.6792e-05 | 0.0290708 | 2.2       | 0           |
| ETH-GPU-1060 | 100 KH/s | 1.6792e-05 | 0.0290708 | 1.65725   | 0.000657356 |
| ETH-GPU-1070 | 100 KH/s | 1.6792e-05 | 0.0290708 | 1.87571   | 0.000657356 |
| ZEC-HF       | 1 H/s    | 1.586e-05  | 0.0198082 | 2         | 0           |
| ZEC-GPU-1060 | 1 H/s    | 1.586e-05  | 0.0198082 | 1.38104   | 0.000547797 |
| ZEC-GPU-1070 | 1 H/s    | 1.586e-05  | 0.0198082 | 1.30863   | 0.00045862  |
| BTG-GPU-1060 | 1 H/s    | 2.68e-05   | 0.0142608 | 1.38104   | 0.000547797 |
| BTG-GPU-1070 | 1 H/s    | 2.68e-05   | 0.0142608 | 1.30863   | 0.00045862  |
| LTC-HF       | 1 MH/s   | 0.00020336 | 0.0098364 | 7.5       | 0.005       |
| LTC-ASIC-L3+ | 1 MH/s   | 0.00020336 | 0.0098364 | 5.42373   | 0.00262942  |
| DASH-ASIC-D3 | 1 MH/s   | 3.3e-07    | 0.0448685 | 0.0966102 | 0.000131471 |
| XMR-GM       | 1 H/s    | 1.08e-05   | 0.0158806 | 0.833     | 0           |
| XMR-GPU-1060 | 1 H/s    | 1.08e-05   | 0.0158806 | 0.867166  | 0.000267529 |
| XMR-GPU-1070 | 1 H/s    | 1.08e-05   | 0.0158806 | 1.12542   | 0.000328678 |

Columns:
rate  - Unit rate for calculation
coins - Coins generation per unit rate (from online calculators)
price - Price per coin in BTC (from Coinmarketcap)
mine  - Daily mining cost per unit rate, USD
maint - Daily maintenance fee per unit rate, USD

ASIC-M3 miner has less hashrate in comparison to ASIC-S9 and more power consumption. Let's see is it more effective per USD invested.

Mining profit calculation (BTC - 15652 USD):

             invest        fee      earn     ratio  revenue maintenance  \
BTC-HF          100   0.233333   1.64869   1.41535  601.771     85.1667   
BCH-ASIC-M3     100   0.156387   1.44733   1.29094  528.274     57.0813   
BTC-ASIC-M3     100   0.156387   1.35319    1.1968  493.913     57.0813   
BCH-ASIC-S9     100  0.0725875    1.1939   1.12131  435.773     26.4945   
BTC-ASIC-S9     100  0.0725875   1.11624   1.04366  407.429     26.4945   
LTC-ASIC-L3+    100    0.04848  0.577267  0.528787  210.702     17.6952   
BTG-GPU-1070    100  0.0350458  0.457124  0.422078   166.85     12.7917   
ETH-GPU-1060    100  0.0396655  0.461046   0.42138  168.282     14.4779   
BTG-GPU-1060    100  0.0396655  0.433156  0.393491  158.102     14.4779   
ETH-GPU-1070    100  0.0350458   0.40735  0.372304  148.683     12.7917   
LTC-HF          100  0.0666667  0.417458  0.350792  152.372     24.3333   
ETH-HF          100          0  0.347304  0.347304  126.766           0   
ZEC-GPU-1070    100  0.0350458  0.375754  0.340708   137.15     12.7917   
XMR-GM          100          0  0.322269  0.322269  117.628           0   
ZEC-GPU-1060    100  0.0396655  0.356052  0.316387  129.959     14.4779   
XMR-GPU-1060    100  0.0308509  0.309572  0.278721  112.994     11.2606   
ZEC-HF          100          0  0.245862  0.245862  89.7395           0   
XMR-GPU-1070    100  0.0292048  0.238532  0.209327  87.0643     10.6598   
DASH-ASIC-D3    100   0.136084  0.239886  0.103802  87.5585     49.6707   

               profit   return  percent  
BTC-HF        416.604  2.36667  416.604  
BCH-ASIC-M3   371.193      2.6  371.193  
BTC-ASIC-M3   336.832      2.8  336.832  
BCH-ASIC-S9   309.279        3  309.279  
BTC-ASIC-S9   280.934      3.2  280.934  
LTC-ASIC-L3+  93.0071  6.33333  93.0071  
BTG-GPU-1070  54.0584      7.9  54.0584  
ETH-GPU-1060  53.8037  7.93333  53.8037  
BTG-GPU-1060  43.6241      8.5  43.6241  
ETH-GPU-1070  35.8909  8.96667  35.8909  
LTC-HF        28.0389  9.53333  28.0389  
ETH-HF        26.7658      9.6  26.7658  
ZEC-GPU-1070  24.3584      9.8  24.3584  
XMR-GM        17.6281  10.3667  17.6281  
ZEC-GPU-1060  15.4812  10.5667  15.4812  
XMR-GPU-1060  1.73304  11.9667  1.73304  
ZEC-HF       -10.2605      NaN -10.2605  
XMR-GPU-1070 -23.5955      NaN -23.5955  
DASH-ASIC-D3 -62.1123      NaN -62.1123 

Columns:
invest      - Calculate profit per each 100 USD investment
fee         - Daily expenses per purchase rate, USD
earn        - Daily revenue per purchase rate, USD
ratio       - Daily profit per invested 100 USD
revenue     - Revenue per year, USD 
maintenance - Maintenance fee per year, USD
profit      - Profit per year, USD
return      - Return of investment (ROI), months
percent     - Return percent per year, USD

ASIC-M3 looks more effective than ASIC-S9 and BCH mining is more profitable than BTC. GPU-1070 is more profitable than GPU-1060 for Equihash (BTG, ZEC), but GPU-1060 is better to use for Ethash (ETH) and Cryptonight (XMR). DASH ROI is more than 1 year due to extremely high hashrate growth.

We could compare some values with a real payouts from Hashflare mining:

     usd_100      roi  
BTC     1.44      2.3  
ETH     0.35      9.6  
LTC     0.14     23.2 

The column "usd_100" shows daily profit per 100 USD investment. As you could see, the BTC profit and ROI are comparable with the calculated above values, but why LTC profit is so low on Hashflare!

The calculation was done with assumption of constant price and difficulty level. Be aware that cloud mining providers could change voluntary contracts rules (Hashflare did it at Sept. 1). This is just my personal research and not an investment advise. I'm not affiliate to any mining company.

Python scripts for mining calculation -> github

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