How to calculate profitability when using cloud miners?

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

I think you wrong board posted here, this thread should be in beginners & help board.

Quote from: LabaDaba on March 28, 2017, 12:57:06 PM

It will be profitable at first but later go unprofitable, before it will ROI itself.

To calc just pick up some online calc - like whattomine or coinwarz.

Those site is bitcoin mining calculator not cloudmining calculator, to calculate income it's need to insert specific information about the power, electric use, electric cost, ect. Cloudmining site will not give such an information.

Found this site: http://www.allcloudminers.com/2016/11/23/genesis-mining-calculator-nov-2016/ I don't know it's accurate or not, even if it's accurate, it will not accurate for nowadays because the difficult change.

LabaDaba

member

Activity: 97

Merit: 10

It will be profitable at first but later go unprofitable, before it will ROI itself.

To calc just pick up some online calc - like whattomine or coinwarz. See how much you make. That you will make for 2 weeks. After difficuly adjustment you will make about 5% less. Thena agin after two weeks 5% off again. I use 5% for my calc. It can be like 2% only or sometimes even more than 10%

Kromos

newbie

Activity: 22

Merit: 1

Hi,

I have seen posts asking how to calculate bitcoin mining profitability, but I don't know if I can use those "formulas" to calculate profitability when using cloud miners.

Ex. I use Genesis Mining, how can I calculate if my Hash Rate is profitable?

Thanks!

Topic: How to calculate profitability when using cloud miners? (Read 337 times)