Cryptocurrency market capitalization is about to change their trend. In June the capitalization reached historical maximum with peaks over 100B$ mark, but now it goes in opposite direction.
Total Market Capitalization Source
Two week ago the most profitable currency for mining was ETH, but crypto market is unpredictable like a weather in mountains. Please see my previous post.
Coins exchange rates drop with increasing mining difficulties could dramatically change cloud mining sense. Let's investigate mining profit for 5 cryptocurrencies: Bitcoin, Litecoin, Ethereum, DASH and ZCash. Coins exchange average rates from Coinmarketcap API:
$ ./mine2.py
BTC_USD: 1893 USD
ETH: 0.0768 BTC
BTC: 1.0 BTC
DASH: 0.0652 BTC
LTC: 0.02001 BTC
ZEC: 0.07936 BTC
Could you estimate at a glance what is more profitable: to pay 13.5$ for 1 MHz/s for LTC lifetime contract with 0.01$ fee per day or to pay 28$ for 2 MHz/s without maintenance fee for 2 year contract? It is a little bit confusing.
At first, we need to know how many coins we could mine at current network difficulty level per offered hash power. Online calculators shows following results:
Coins: # 2017-07-16
BTC: 0.00000313 # Bitcoin per day for 10GH/s hash rate
LTC: 0.00180030 # LiteCoin per 1 MH/s
ETH: 0.000034775 # Ethereum coins per 100 KH/s
DASH: 0.00010240 # DASH coins per 1 MH/s
ZEC: 0.00000297 # ZCash coins per 0.1 H/s
With the coins price and mining rate we could estimate return of investment (ROI) and annual percent:
currency mining invest revenue maintenance profit return percent
ZEC HF 100 8.12133 0 -91.8787 NaN -91.8787
ZEC GM 100 21.9792 0 -78.0208 NaN -78.0208
ETH GM 100 61.5553 0 -38.4447 NaN -38.4447
BTC HF 100 179.729 106.167 -26.438 NaN -26.438
BTC GM 100 143.783 67.9467 -24.1637 NaN -24.1637
DASH GM 100 76.7297 0 -23.2703 NaN -23.2703
DASH HF 100 79.3756 0 -20.6244 NaN -20.6244
ETH HF 100 83.6592 0 -16.3408 NaN -16.3408
LTC HF 100 183.952 26.963 56.9886 7.73333 56.9886
LTC GM 100 177.382 0 77.3818 6.86667 77.3818
Now LTC is the only coin that could return investment in less than 1 year. Since GM mining for LTC is out of stock, the HF mining will bring 57% of profit in a year with the ROI about 7 months. This result is based on assumption the price and difficulty remain the same.
Disclaimer: It is not an investing recommendation. I'm not affiliate to mining providers. You could use these calculations at your own risk.