It is day 41 on my 10mh ETH clouding mining (investment: USD 291), as the difficulty continues to increase, the unit per day has remain unchanged from 0.0042 to 0.0042.
Beware: If you want to invest your own mining rig now, ensure you calculate your cost carefully, with ETH drops to 200+ level, the breakeven period to invest a 6 mining rig would be around 8.4 months!
With the ETH price bounce back at 200+, eth/day has decreased again (from 0.0087 to 0.0042- A 52% decreases in eth / day!!)
Finger cross that it will still time for me to break even and at least to get some return back after the contract ends.
For the current projection, I make
20.32% return for capital.
breakeven period is around 6.7 months
This assumes:
the price remains unchanged
difficulty remains the same
Therefore the projection is likely to be overestimated but good that the contract is for 2 years and therefore still plenty of time to make up.
Thank you for sharing. Proceeds keeps!
Nice information! So after 6.7 months it is all gravy. That's good to knoiw. I was considering an investment in cloud mining. I know there are a lot of variables, but you broke it down nicely!
Thanks, it is not actually that we can expect to get break even after 6 or 7 months because unfortunately difficult will pick up. If you are interested in investing, i have another post which try to predict future difficulty too, it is good if you can check it out before you invest.
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