Cloud mining services profitability UPDATE #5

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cloud_mining_btc.png

The situation is drastically changed since my last report two month ago. Now the BTC is the only currency from considered cloud mining services with ROI less then 1 year.

Bitcoin just punched 7000$ level! At same time Bitcoin mining difficulty increased more then 4x from 2017 beginning:
btc_difficulty_ 2017-11-02.png
Difficulty

Coins mining at current difficulty level:

Coins:  # 2017-11-01
    BTC: 0.00000173   # coins per day for 10GH/s
    LTC: 0.00046488   # per 1 MH/s
    ETH: 0.000017555  # per 100 KH/s
    DASH: 0.00000262  # per 1 MH/s
    ZEC: 0.00000176   # per 0.1 H/s
    XMR: 0.00118151   # per 60 H/s

Genesis-Mining (GM) currently propose only ETH, ZEC and XMR contacts, other currencies are out of stock. Hashing24 is sold out. Please be aware that Hashflare (HF) had voluntary changed BTC contract rules from Sept. 1 and will terminate already sold lifetime contracts in 1 year. I wrote about it in my previous post.

Mining profit calculation:

        invest        fee       earn      ratio  revenue maintenance   profit  \
BTC-HF     100   0.233333    0.80848   0.575146  295.095     85.1667  109.928   
LTC-HF     100  0.0666667   0.333954   0.267288  121.893     24.3333 -2.44004   
ETH-HF     100          0   0.231194   0.231194  84.3859           0 -15.6141   
ZEC-GM     100          0   0.203893   0.203893  74.4208           0 -25.5792   
XMR-GM     100          0   0.199539   0.199539  72.8319           0 -27.1681   
ETH-GM     100          0   0.170109   0.170109  62.0899           0 -37.9101   
DASH-HF    100          0  0.0216572  0.0216572  7.90489           0 -92.0951   
ZEC-HF     100          0  0.0195737  0.0195737  7.14439           0 -92.8556   

        return  percent  
BTC-HF     5.8  109.928  
LTC-HF     NaN -2.44004  
ETH-HF     NaN -15.6141  
ZEC-GM     NaN -25.5792  
XMR-GM     NaN -27.1681  
ETH-GM     NaN -37.9101  
DASH-HF    NaN -92.0951  
ZEC-HF     NaN -92.8556  

All other coins cloud mining contracts except BTC will not return investments in one year at the same price level. Investment in BTC (SHA-256) contract will return in about 6 months and 1 year profit makes up 109%:

BTC-HF:  # return in 5.8 monthes
  investing: 100  # USD for 364 days
  income:   294.3  # USD
  maintenance: 84.9  # USD
  profit:    109.4  # USD (109.4 %)

BTC_HF_171101.png

The calculation was done with assumption of constant price and difficulty level. This is just my personal research and not an investment advise.

The Python script for mining calculation is available on github

Cloud mining services profitability UPDATE #5 | Ecency