You are viewing a single comment's thread from:
RE: Cloud Mining - with who and whats currently the most profitable
really interesting way of comparing this, however I find it that your table should include the duration of a contract as well. On genesis you get 2 years for your money while you only get a year out of your hashflare. saw you included the mention, I would however be interested in seeing the Maths behind the contracts if you care :)
Don't buy mining contracts. They are almost universally worse than buying and holding the coin yourself.
This analysis doesn't even mention projected difficulty increases. It vastly overestimates the "profitability" to be had. No mention of counterparty risk (see recent Genesis hack).
This is typical "I've never done the full math on mining contracts so I think they print money and can't wait to tell anyone" nonsense.
Ah yes I follow, i wouldn't really go for the 1 year contracts to be honest. ;) not worth it haha