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/biz/ - Business & Finance

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4926223 No.4926223 [Reply] [Original]

https://hashflare.io/r/5198BDDB

Has /biz/ tried cloudmining? Thoughts on the matter? I'm about to go in with 300 dollars and get 2 terahashes. I did the math and even if bitcoin goes down by half I'll still get a 100% return. Plus you make money with referral codes, see above.

>> No.4926241

cloud mining is a scam

>> No.4926256

>>4926241
How is it a scam?

>> No.4926313

>>4926256
Pretty much all cloud mining services are either ponzi or ripoff. Just buy crypto

>> No.4926321

>>4926256
if they have the hardware already what do they need you for?

>> No.4926322

>>4926223
where is the pricing option for 300$ and 2 th

>> No.4926382

>>4926321
Who cares? There's no difference between this and buying a miner. A terahash is a terahash at the end of the day.

>> No.4926417
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4926417

>>4926382
anon i am very interested in your math and how you planned this out

i was considering doing something similar to get some btc in the long term but haven't fleshed it out yet

please elaborate?

>> No.4926464
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4926464

>>4926322
Say I buy 2 TH for 300 dollars

I would make my ROI in 3 months with all the fees, just about, even if it became half as profitable, in the next 6 months I could make a ROI. The contracts only last a year. So at the current rate I would make 1200 on a 300 dollar investment. At half this rate I would make 600 on a 300 dollar investment, and at 25% of this rate I would still make my ROI.

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=2&HashingUnit=TH%2Fs&PowerConsumption=.0&CostPerkWh=.01

>> No.4926529

>>4926417
I've been looking into miners all week. Next batch of antminer S9s don't come out till late next year. They go at 14 TH for 1500 dollars.

you get 10 TH for 1500 dollars at this rate.

>> No.4926542

>>4926464
so how do you figure in the maintenance, and also i might be a brainlet but i dont see any option there for 2TH for 300 $

am i missing something here?

>> No.4926558

>>4926321
Which would explain why they need me, because they're selling hashrate at lower than the going price for an S9 but running an S9 and dealing with the loud noise is pretty annoying too. I haven't bought in yet and would like to know some other info.

>> No.4926639

>>4926558
people on bitcointalk say stay away