With this price, you would probably be better out buying bitcoin directly and wait for the price to rise.
Many people will say try cloud mining, but from experience i can say, it's not profitable any more.
Yeah i wouldn't do it too. I had some S3 miners > no profit but ROI by selling them
Then i bought S5 miners > no profit (clearly bitmain overpriced them)
The S7 i skipped knowing there would be no profit too.
Bitmain but also some other pools have a reputation too screw their customers. So far the only legit one i found was f2pool.
@OP
21 cent per KW is a lots of money compared what it will bring you.
If you use the calculator you will see your ROI (remember you have to buy the PSU too), will be too long for this investment to be worth while.
My advice is to buy some cloud hashing indeed.
Cloud mining is very risky these days.
First you got the scam companies
Second you got the companies that are creative with payouts (hiding blocks etc.).
Just google Hashnest hiding blocks.
Who cares if Hashnest are hiding blocks?
Their mining systems are still profitable!
However, even though the price of the Bitcoin has doubled, for some unknown reason, the antminer s3 GHS are at a 93% maintenance fee! Before the price increase they were at 80%? Very Confusing!
OF course hashnest hide some of the blocks, anpool finds a block every few hours, whereas revenue from hashnes comres about every 8 hours. But, they may just be coupling payments together!
