I've made my first analysis for Cloud Mining, these are my conclusions and ROI
I've been checking at the ROI for investments in Cloud Mining. I've been looking at some different providers as Genesis Mining and EOBOT. I've directly made my own numbers as I've seen it's difficult to trust anyone here, because specially in the case of Genesis Mining, they have a referred comission program, and normaly everyone who talks about them, is inside so they might be influenced.
For my little business case I've used the prices of Cloud Mining. In this case for a 2 years contract, I've checked at ETH and XMR for mining them exclusively (you could want to mix the coins your mining). This are the economics
I've to say the risk may not cover the incomes. The main factors to make us win or lose money are:
- price of the coin
- complexity to mine the coin
- long of the contract (it could get broken once the mining operation is not lucrative)
If we check at the ETH / 100 H/s example, in order to win 1,573$ after two years, I would have to invest 2,799$. I think it's a too long period in order to get a 50% revenue.
In my case I think it's more profitable to buy an sale coins, in a 70% long investment / 30% short trade combination.
What do you think about?
Better to mine yourself offline :D
Thanks for your answer @jwolf, but the investment for online mining at home is too big. The offline mine possibility is still new for me, I'll have to check it out.
please do it. online investements are risky in long term
Mmm, I've checking but mining speed 1/8 of the online speed it might be a probelm. How much is your ROI taking into account your hardware investment? Is not more profitable daily trading?
Nice post, totally agree @dssb
We should be really careful with the promoters of the "best chance ever" scams :)
agree