Monday, 13 August 2018

Am I missing something about bitcoin.com's cloud mining contracts ?

according to https://pool.bitcoin.com/ :

1 TH/s costs $250 for 5 years

their calculator shows an expected daily profit (after fees, at current difficulty and price) of 0.00019337 BCH ($0.11) per day

so $0.11*365*5 = $200 revenue for a $250 contract from the get-go, and that is expecting the difficulty to stay the same, and we all know it will probably increase and make the contract less profitable.

Am I missing something ? Did anyone ever made a profit from these contracts ?

submitted by /u/zhell_
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source https://www.reddit.com/r/btc/comments/96x0jj/am_i_missing_something_about_bitcoincoms_cloud/

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