[6/18/2017] Ethereum Cloud Mining Profitability Update

in #ethereum7 years ago

Everything that i write about is in terms of 1 MH/s (which costs $30 for a 2 year contract with genesis mining). I chose genesis mining as it had the best reviews and the lowest rates to date. In the event that Ethereum switches to proof of stake, it will try to mine the most profitable coin.

To calculate your profitability conservatively, multiply the number of MH/s you plan to buy by the numbers in the chart!

Ethereum Cloud Mining Profitability Analysis

Ethereum Price: $354

Switch to PoS is calculated at the Nov 1st date.

Check out my 100 MH/s contract to get a better idea of profitability. The ethereum awards has halved in the past 21 days. However, as the hype dies down, i expect the contract will still be profitable. I will do a more in depth analysis as soon as the network hash rate normalizes

my cloud contractor: https://www.genesis-mining.com/
promo code for 3% off: BxY4l1

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Would be interesting to see how the profitability compare to just buying and holding Ether on 5/29.

i guess we'll know once we come back in 2 yrs haha