Topic: Cloud mining difficulty - page 2. (Read 1714 times)
Cloud mining and having a physical miner is the same.
The short answer is don't buy a cloud mining contract.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
I personally don't see a cloud company yet as a viable option with current options Ive looked into. But 20 percent also has not been true on last changes. I have heard experts talk about difficulty and it's pretty varying on what they think will happen. The 20 can't go on forever, I hope it's done for now. but only time will tell. But last few have been much better then the old standard of 20.
No, that makes no sense at all.
If a miner mines 1 BTC using 1 BTC worth of electricity, why would people mine? Duh.
In places with cheap electricity, such as $0.04/kwh, An Antminer S3 can mine 0.01183710BTC while consuming 0.0005676BTC worth of electricity per day. That's what I call profitable.
Check your maths please.
The short answer is don't buy a cloud mining contract.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
I personally don't see a cloud company yet as a viable option with current options Ive looked into. But 20 percent also has not been true on last changes. I have heard experts talk about difficulty and it's pretty varying on what they think will happen. The 20 can't go on forever, I hope it's done for now. but only time will tell. But last few have been much better then the old standard of 20.
Ehhh... some say this but there are so many factor's electricity, cooling, equipment used. We are far away from 1 BTC = 1 BTC of electricity. Even in perfect world costs will never be same for companies. It's hard for it to just equal as long as there is a demand for BTC.
In perfect world one day bitcoin is all mined, and we mine for transaction's fees. There would have to be profit for it to happen. But we are FAR FAR away from anything like that.
The short answer is don't buy a cloud mining contract.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
I personally don't see a cloud company yet as a viable option with current options Ive looked into. But 20 percent also has not been true on last changes. I have heard experts talk about difficulty and it's pretty varying on what they think will happen. The 20 can't go on forever, I hope it's done for now. but only time will tell. But last few have been much better then the old standard of 20.
The short answer is don't buy a cloud mining contract.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
I personally don't see a cloud company yet as a viable option with current options Ive looked into. But 20 percent also has not been true on last changes. I have heard experts talk about difficulty and it's pretty varying on what they think will happen. The 20 can't go on forever, I hope it's done for now. but only time will tell. But last few have been much better then the old standard of 20.
The short answer is don't buy a cloud mining contract.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
As difficulty goes up your revenue per day will go down. The difficulty has been increasing by roughly 20% every 12 days or so. This means that after just a few months your revenue will be almost nothing on a contract that lasts years.
If you buy a contract today, the GHS will be less profitable as the bitcoin difficulty goes up.
Accroding to bitcoin mining calculator at https://alloscomp.com/bitcoin/calculator you will find that you are set to earn lower everytime the difficulty goes up. If buying a cloud mining contract was profitable, people wouldn't sell them.
Accroding to bitcoin mining calculator at https://alloscomp.com/bitcoin/calculator you will find that you are set to earn lower everytime the difficulty goes up. If buying a cloud mining contract was profitable, people wouldn't sell them.
Hi there,
Do forgive me if the next question is stupid however I have got a newbie question.
In regards to cloud mining how does it work with the difficulty?
The difficulty level will go up but if I choose to do it myself (hardware) I will keep on purchasing the best stuff etc etc. Does this happen in cloud mining as well? Or is it that if I but a contract today the ghs will be less profitable as the difficulty goes up? (And my miners wont upgrade to meet the next difficulty level)? Also meaning that if you buy a new contract those miners will have a different capacity for the difficulty level?
Hope its understandable and some one has got an answer to this
Do forgive me if the next question is stupid however I have got a newbie question.
In regards to cloud mining how does it work with the difficulty?
The difficulty level will go up but if I choose to do it myself (hardware) I will keep on purchasing the best stuff etc etc. Does this happen in cloud mining as well? Or is it that if I but a contract today the ghs will be less profitable as the difficulty goes up? (And my miners wont upgrade to meet the next difficulty level)? Also meaning that if you buy a new contract those miners will have a different capacity for the difficulty level?
Hope its understandable and some one has got an answer to this
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