Compare cloud mining services. Is it still profitable? #3

Cryptocurrency market capitalization is about to change their trend. In June the capitalization reached historical maximum with peaks over 100B$ mark, but now it goes in opposite direction.

Total Market Capitalization Source

Two week ago the most profitable currency for mining was ETH, but crypto market is unpredictable like a weather in mountains. Please see my previous post.

Coins exchange rates drop with increasing mining difficulties could dramatically change cloud mining sense. Let's investigate mining profit for 5 cryptocurrencies: Bitcoin, Litecoin, Ethereum, DASH and ZCash. Coins exchange average rates from Coinmarketcap API:

$ ./mine2.py

BTC_USD: 1893 USD

ETH: 0.0768 BTC
BTC: 1.0 BTC
DASH: 0.0652 BTC
LTC: 0.02001 BTC
ZEC: 0.07936 BTC

Could you estimate at a glance what is more profitable: to pay 13.5$ for 1 MHz/s for LTC lifetime contract with 0.01$ fee per day or to pay 28$ for 2 MHz/s without maintenance fee for 2 year contract? It is a little bit confusing.

At first, we need to know how many coins we could mine at current network difficulty level per offered hash power. Online calculators shows following results:

Coins:  # 2017-07-16
    BTC: 0.00000313   # Bitcoin per day for 10GH/s hash rate
    LTC: 0.00180030   # LiteCoin per 1 MH/s
    ETH: 0.000034775  # Ethereum coins per 100 KH/s
    DASH: 0.00010240  # DASH coins per 1 MH/s
    ZEC: 0.00000297   # ZCash coins per 0.1 H/s
    

With the coins price and mining rate we could estimate return of investment (ROI) and annual percent:

currency mining invest  revenue maintenance   profit   return  percent
     ZEC     HF    100  8.12133           0 -91.8787      NaN -91.8787
     ZEC     GM    100  21.9792           0 -78.0208      NaN -78.0208
     ETH     GM    100  61.5553           0 -38.4447      NaN -38.4447
     BTC     HF    100  179.729     106.167  -26.438      NaN  -26.438
     BTC     GM    100  143.783     67.9467 -24.1637      NaN -24.1637
    DASH     GM    100  76.7297           0 -23.2703      NaN -23.2703
    DASH     HF    100  79.3756           0 -20.6244      NaN -20.6244
     ETH     HF    100  83.6592           0 -16.3408      NaN -16.3408
     LTC     HF    100  183.952      26.963  56.9886  7.73333  56.9886
     LTC     GM    100  177.382           0  77.3818  6.86667  77.3818

Now LTC is the only coin that could return investment in less than 1 year. Since GM mining for LTC is out of stock, the HF mining will bring 57% of profit in a year with the ROI about 7 months. This result is based on assumption the price and difficulty remain the same.

Disclaimer: It is not an investing recommendation. I'm not affiliate to mining providers. You could use these calculations at your own risk.

The Python script for mining calculation is available on github