RE: Is Cloud-Mining worth it? Profitability Calculations for Bitcoin, Ethereum, and Dash Mining.

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Is Cloud-Mining worth it? Profitability Calculations for Bitcoin, Ethereum, and Dash Mining.

in mining •  7 years ago 

Not profitable, don't buy...

mining
7 years ago by

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      ·  7 years ago 

    Not an ounce of evidence in this guy's comment, don't trust...

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        ·  7 years ago (edited)

      I have invested 20000$ in GM... The difficulty has been rising exponentially... Now x11 contracts are even less profitable... I doubt you will even get your money back... GM is not a scam, but the difficulty is rising too quickly...

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          ·  7 years ago (edited)

        If you invested $20000USD this means you have about 4000MH of X11 (DASH). You will break even in 166 days.
        You will profit $43,958.34. Year-to-date you will have a net profit of $23,958.34.
        These are all projections, of course. It is expected that Dash will rise in value, so even including the increasing difficulty, the profit should maintain or even rise about these numbers. Check back to this post next month and update your results. So far I have 10K USD invested in GM most of which is in ETH, and I'm pleased with the results at the moment.

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            ·  7 years ago (edited)

          I have already got the exact calculation with my actual rewards and I can tell that the price has increased by 100%, but the difficulty has trippled.. Do your math, if you like, or invest in to GM, I don't mind that. I just warn other people. If you are getting your referrals - no problem - you will get rich, but they won't..... They will just be feeding you...

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              ·  7 years ago 

            There will always be mixed opinions. Personally I wouldn't invest all my capital into cloud-mining. But I'll continue to invest part of it.

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                ·  7 years ago 

              Cloud mining is very profitable. Mixed opinions are for the scared traders, investors, or speculators.
              Champagne crypto says the market is booming. I trust him.
              Keep up the good posts brandocrypto.

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