Mining Contract Question? | Bitcointalksearch.org

Unacceptable

legendary

Activity: 2212

Merit: 1001

Quote from: grermezter on July 23, 2017, 08:06:02 AM

Quote from: whwebsolutions on July 23, 2017, 07:03:39 AM

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

I actually checked it out from the alloscomp website and the figures are not very good at all, the 2.1 TH/s gives you $1.79 a day while the 4.5 TH/s miner gives $3.83 a day, and these calculations does not take into account the cost of electricity. Check out the website and see for yourself.

Use this as grermezter mentioned & deduct power or "maintenance" fees......

https://alloscomp.com/bitcoin/calculator

No hashrate rental will ever pay you back what you put into it................ever!!!

Unless you get lucky on a new coin & dump when the timing is right.......

algaidaman

member

Activity: 64

Merit: 10

The profitability calculators are ok, and mining contracts can be shady.

Money you plan to spend on a mining contract is best just spent directly on coin.

If you do get a contract, use fiat to make the purchase. $X spent on a contract today yielding Y BTC will be worth $Z at a later date, but you will never recover the amount of bitcoin you spend on a contract.

Smarty14392

sr. member

Activity: 560

Merit: 286

You can easily check the profitability at https://www.cryptocompare.com/mining/calculator/btc?HashingPower=10000&HashingUnit=GH%2Fs&PowerConsumption=50&CostPerkWh=0. Here you can calculate any coins profitability. You can also get some rental hashrate to mine for you without investment.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: grermezter on July 23, 2017, 08:06:02 AM

Quote from: whwebsolutions on July 23, 2017, 07:03:39 AM

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

I actually checked it out from the alloscomp website and the figures are not very good at all, the 2.1 TH/s gives you $1.79 a day while the 4.5 TH/s miner gives $3.83 a day, and these calculations does not take into account the cost of electricity. Check out the website and see for yourself.

it is not just the cost of "electricity" it is a lot of fees that these cloudmining sites take out from your each payment and call it "fees" or "maintenance fees". it is all a plan to pay less to the buyers. and that is why everyone says it is never profitable nor wise to invest in cloudmining even if they are legit.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: whwebsolutions on July 23, 2017, 07:03:39 AM

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

those speed as way too low man, they are 1/4 of an antminer s9 or 1/3.5, so your earning is below 0.001 in 24 hours, and if you add maintenance cost you will earn even less, don't go with cloud they are a bad investment buy your antminer s9 instead

Emoclaw

sr. member

Activity: 420

Merit: 251

Quote from: whwebsolutions on July 23, 2017, 07:03:39 AM

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

Whatever earnings you get, they will NOT cover the initial amount you spent for the contract.
Stay away from ANY kind of mining contract because you will lose money.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: whwebsolutions on July 23, 2017, 07:03:39 AM

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

I actually checked it out from the alloscomp website and the figures are not very good at all, the 2.1 TH/s gives you $1.79 a day while the 4.5 TH/s miner gives $3.83 a day, and these calculations does not take into account the cost of electricity. Check out the website and see for yourself.

whwebsolutions

newbie

Activity: 5

Merit: 0

Hello everyone,

I have a question. I am looking at a few 24 hour mining contracts. What I was wondering is this, how much would a 2.1 TH/s miner and 4.5 TH/s miner mine in 1 24 hours period?. It would be connected to the antpool mining pool.

If anyone could give me an est., that would be great

Topic: Mining Contract Question? (Read 333 times)