Is Cloud mining worth it.
This is my current situation. I have been in this game for a while. I bought my first SHA-256 contracts at August. Since that I have already made my invest back and reinvested a huge amount to get in this point. Total price for that kind of invest will be 2550$ atm. Definitely too much for me but now I'm there. Currently I earn something like 40$ daily or at least close to that. My goal is to make 100$ daily.
What you need to know atm.
- Bitcoin mining difficulty will change every ten days.
- Block Reward will be cutted into half after ~900 days
- These Hashflare contracts are only 1 year contracts.
- Minimum withdrawal is 0.0107 BTC
- Hashflare takes maintenance fee from profits. Today it's about 13 %
If you are new in Cloud mining business. You can easily count your profits from Coinwarz side. I made an example counts for 240$ invest. Break even time is currently little bit under 60 days so this risk is definitely worth of taking. https://hashflare.io/r/64F13058 my referral link
