Topic: What is a GH/s worth? - page 2. (Read 2199 times)
I opened a topic about this subject: https://bitcointalksearch.org/topic/pricing-of-ghs-and-ghs-futures-on-cexio-522617
Hi all
Pretty much a newb here, mined a few years ago on my pc but gave up after a few days.
I'm looking at coinfirma.com here, apparently they claim to be the cheapest or something, can anyone tell me in laymans terms what 10GH/s on a 1 year contract is likely to make me, or lose I assume. At €100 I'm thinking of giving it a shot so I can get my head around the whole thing.
When I type 10GH/s into a bitcoin calculator it gives me this
#############
Coins Dollars
per Day 0.00118325 BTC $0.68
per Week 0.00828274 BTC $4.76
per Month 0.03597076 BTC $20.68
this diff (est) 0.00433858 BTC $2.49
Next Difficulty [estimated]
Coins Dollars
per Day 0.00105437 BTC $0.61
per Week 0.00738061 BTC $4.24
per Month 0.03205295 BTC $18.43
############
According to that I'll get my ROI in about 7 months & the rest is gravy? Is that true or am I missing something obvious here, I mean, what's the catch??? Why aren't they using those machines to mine themselves, I'm confused.
Can anyone shed any light on my thinking?
Thanks
Pretty much a newb here, mined a few years ago on my pc but gave up after a few days.
I'm looking at coinfirma.com here, apparently they claim to be the cheapest or something, can anyone tell me in laymans terms what 10GH/s on a 1 year contract is likely to make me, or lose I assume. At €100 I'm thinking of giving it a shot so I can get my head around the whole thing.
When I type 10GH/s into a bitcoin calculator it gives me this
#############
Coins Dollars
per Day 0.00118325 BTC $0.68
per Week 0.00828274 BTC $4.76
per Month 0.03597076 BTC $20.68
this diff (est) 0.00433858 BTC $2.49
Next Difficulty [estimated]
Coins Dollars
per Day 0.00105437 BTC $0.61
per Week 0.00738061 BTC $4.24
per Month 0.03205295 BTC $18.43
############
According to that I'll get my ROI in about 7 months & the rest is gravy? Is that true or am I missing something obvious here, I mean, what's the catch??? Why aren't they using those machines to mine themselves, I'm confused.
Can anyone shed any light on my thinking?
Thanks
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